Following the 2022 COVID-19 pandemic, HTHH volcano eruption and tsunami ashfall damages, the monetary and financial policies of the National Reserve Bank of Tonga are critical to stay relevant to be supportive of the Kingdom’s economic recovery contributing to macro stability in 2023, resilience to shocks in the short to medium term.
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Friday 23 June 2023
Nuku'alofa, Tonga
Thursday 22 June 2023
Nuku'alofa, Tonga
“The world is undergoing profound changes, unseen in a century. Hegemony and power politics are on the rise. And the deficits in peace, development, security and governance are growing. All of these are posing unprecedented challenges for human society.” By MA Ke, Spokesperson of the Chinese Embassy in Tonga. (A response to “All talk, no dialogue on Asian security”.)
Saturday 17 June 2023
Apia, Samoa
KlickEx Pacific and SPBD have announced a partnership to enable more Samoans abroad to send money home from New Zealand and Australia. The new money transfer service will commence on July 1, 2023, and will provide an online portal for money transfers from abroad.
Friday 16 June 2023
Nuku'alofa, Tonga
SPBD Microfinance, the leading microfinance network dedicated to empowering women microentrepreneurs across the South Pacific, proudly announces a significant milestone in its journey. The organization has disbursed a total of USD $250 million in loans since its inception in 2000, evidence of its commitment to fostering economic development in the region.
Tuesday 13 June 2023
Nuku'alofa, Tonga
The SPBD Annual Business Women of the Year Awards, held on June 2, 2023, at the St. Andrew School Hall, celebrated the remarkable achievements of female entrepreneurs in SPBD Tonga. The event recognized four outstanding women as Winners of the Awards from different regions in Tonga: Mrs Pelenaise Folau (Tongatapu), Mrs Siosi Ma’u (Vava’u), Mrs Mina Taufalele (Ha'apai), and Mrs Kilisita Loni ('Eua). Other awards to SPBD women entrepreneurs, acknowledged their accomplishments in various categories.
Friday 9 June 2023
Nuku'alofa, Tonga
The Tongatapu Royal Agricultural, Fisheries, Tourism & Trade Show 2023 (RAFTT) will be held tomorrow, Saturday, 10 June. The Chinese agriculture experts team, the Chinese companies in Tonga and some other Chinese businessmen will display their products at the Show. This will be a good opportunity to see some of the outcomes of the fruitful cooperation between China and Tonga in agriculture, fisheries and trade, and to think and plan how we can expand the mutually beneficial cooperation to more fields for common development. - By H.E. Cao Xiaolin, Chinese Ambassador to Tonga
Friday 5 May 2023
Nuku'alofa, Tonga
The Coronation of Their Majesties King Charles III and The Queen Consort will be an historic event not only for the United Kingdom but also for the fourteen Realms, the UK Overseas Territories including our fellow Polynesian entity Pitcairn, and also for Commonwealth member-countries such as the Kingdom of Tonga. On 4 May, Her Royal Highness Princess Salote Mafile‘o Pilolevu Tuita and Lord Tuita graced a Coronation Party hosted by the British High Commission in Nuku‘alofa, together with two hundred guests, to mark the upcoming event. - BHC.
Tuesday 2 May 2023
Nuku'alofa, Tonga
South Pacific Business Development (SPBD Tonga) Microfinance announced its new business partnership with the Vava’u Shopping Centre #2 on its White Good Financing Loan Program in Vava’u, signed on 21 April 2023 by Mrs Finelanuatoutai Tu’ipulotu and Mr Kong Hao Lin in Neiafu Vava’u.
Thursday 13 April 2023
Nuku'alofa, Tonga
Na’e pēseti ‘e 8.7 ‘a e hikihiki fakata’u e totongi koloa fakalūkufua ‘i he lipooti ki he Hikihiki e Totongi Koloa (CPI) ‘o Fepueli. Ko e holo ‘eni mei he pēseti ‘e 9.7 ‘i he māhina kuo’osi΄, pea ma’ulalo ange ‘i he pēseti ‘e 9.1 ‘i Fepueli 2022. ‘Oku hokohoko atu ‘a e holo ‘a e hikihiki e totongi koloa fakalūkufua mei´ he tu’unga mā’olunga ko e pēseti ‘e 14 ‘i Sepitema 2022. Na’e pehē ‘e he Kōvana ‘a e Pangikē Pule΄, Tatafu Moeaki, “ ‘Oku kei hoko pē ‘a e ngaahi liliu ki he pa’anga fakalūkufua e fonua΄ mo e fokotu’utu’u ngāue fekau’aki mo e mahu’inga ‘o e pa’anga Tonga ‘i hono fakafetongi mo e ngaahi pa’anga muli΄ ‘a ia ne hā ‘i he Fokotu’utu’u Ngāue Fakapa’anga ‘o Fepueli 2023, ko e taumu’a ngāue tu’ukimu’a ki hono holoki ‘a e hikihiki e totongi koloa΄ pea ‘e malava ke hokohoko atu e ngaahi liliu´ ‘o ka fiema’u ke fakasi’isi’i e ngaahi ola kovi ‘i he holo e ivi fakatau ‘a e ngaahi fāmili΄ kae tautefito kiate kinautolu ‘oku masivesiva ange mo tu’u laveangofua”.
Thursday 13 April 2023
Nuku'alofa, Tonga
The February Consumer Price Index reported inflation annual rate at 8.7%, a decline from 9.7% in the previous month, and lower than 9.1% in February 2022. Inflation has generally been easing from its peak of 14% in September 2022. The Reserve Bank’s Governor Tatafu Moeaki stated that “the February 2023 Monetary Policy Statement adjustment to the money supply and its exchange rate policy remains a priority to fight against inflation and will keep a tight stance where appropriate to minimize the negative impacts on families purchasing power especially the poorer and vulnerable.”
Monday 3 April 2023
Nuku'alofa, Tonga
We are on a quarterly review of the regulated price of fuel which has decreased the tariff by 9.87 seniti per kWh (9.7%). The total electricity tariff will decrease from the current 101.73 seniti per kWh to 91.86 seniti per kWh. - Energy Commission / Komisoni Ma’u’anga Ivi.
Monday 20 March 2023
Nuku'alofa, Tonga
Communities affected by volcanic ash from last year’s eruption of Hunga-Tonga Hunga-Ha’apai volcano will benefit from improved access to safe and hygienic drinking water as a result of a USD $50,000 (TOP 116,000) grant from The Coca-Cola Foundation to the Tonga Community Development Trust. “It is critical for our communities to ensure the water they are drinking from tanks is clean and safe,” says TCDT Executive Director, Sione Fakaosi.
Friday 17 March 2023
Nuku'alofa, Tonga
‘Oku hoko he ta‘uʹ ni ‘a e ta‘u ‘e 25 ‘o e fengāue‘aki faka-tipilometika ‘a Siaina mo Tonga. ‘I he malumalu ‘o e tataki ‘a e ongo taki ‘o e ongo fonuaʹ ni pea mo e ngāue fakataha ‘a e kakai ‘o Siaina mo e kakai ‘o Tonga, kuo malava ai ke pukepuke ‘e Siaina mo Tonga ‘ena fengāue’aki vaofi ‘i ha tu’unga lelei mo fakalakalaka. Ko ‘ena fengāue‘aki lelei ‘oku ho‘ata mei ai ha ngaahi lelei ‘one ‘omai ai ha ngaahi lelei ‘oku ta‘e malava ke fa’alaua ki he kakai ‘o Tonga pea ‘ikai ke ngata ai ka ‘oku ne toe ‘omai foki ‘a e ma‘uma‘uluta, nonga mo e malu fakafeitu‘u.
Friday 17 March 2023
Nuku'alofa, Tonga
This year marks the 25th anniversary of the establishment of diplomatic relations between China and Tonga. Over the past quarter of a century, under the guidance of the leaders of both countries, and with the joint efforts of the Chinese people and the Tongan peoples, China-Tonga relations have maintained a good momentum of sound and stable development. The mutually beneficial cooperation has yielded fruitful results, bringing tangible benefits to the Tongan people and making positive contributions to regional peace and stability.
Wednesday 15 March 2023
Nuku'alofa, Tonga
Ko e ʻAho Kominiueli΄, Monite hono ua ʻo Maʻasi, ko e katoanga fakataʻu ia ʻoku faka’ilonga’i ʻe he kakai ʻo e ngaahi fonua Kominiueli ʻi ʻAfilika, ʻEsia, ʻOtu Kalipiane mo e ongo ʻAmelika΄, ʻi he Pasifiki mo ʻIulope. Ko e faingamālie ke tau kau fakataha ʻo fakafiefiaʻi ʻa e ngaahi tuʻunga fakaʻulungaanga mahuʻinga mo e ngaahi taumu’a ʻoku ne fakatahatahaʻi kitautolu΄. ʻOku fakafofongaʻi heni ʻi Tonga΄ ni e memipa ʻe fa ʻo e Kominiueli: ko e Puleʻanga Faka-Tu’i ʻo Tonga΄, ʻAositelelia, Nuʻu Sila mo e Puleʻanga Faka-Tu’I Fakatahataha ʻo Pilitania΄ ‘o fakafou ʻi honau ngaahi ‘Ofisi Talafekau Lahi΄.
Tuesday 14 March 2023
Nuku'alofa, Tonga
Business and households’ purchasing power are declining, states the National Reserve Bank of Tonga, while stressing the importance of price stability in the short-term as it moves to strengthen the monetary policy framework that seeks to better control inflation, and build the resilience of the financial sector, promote macroeconomic stability and support economic growth recovery. The Monetary Policy Statement (MPS) for February 2023 outlines a revised monetary policy stance.
‘Oku ne holoki leva ‘a e ivi fakatau ‘a e ngaahi pisinisi′ mo e kakai′, pea ‘oku fakamamafa‘i ai ‘e he Pangikē Pule′ ...
Monday 13 March 2023
Nuku'alofa, Tonga
Commonwealth Day, on the second Monday in March, is the annual celebration observed by people all over the Commonwealth in Africa, Asia, the Caribbean and Americas, the Pacific and Europe, where we can come together and celebrate the values and aspirations which unite us. Here in Tonga, four members of the Commonwealth are represented: our hosts, the Kingdom of Tonga, and Australia, New Zealand and the United Kingdom through our High Commissions.
Friday 10 March 2023
Nuku'alofa, Tonga
Bank of South Pacific Tonga Limited (BSP) today, Friday 10 March, 2023, announced a Net Profit after Tax of T$13.4 million pa'anga for the financial year ending 31 December, 2022. BSP Tonga Country Head Marcellina Rose Wolfgramm-Haapai said, “The Net Profit after Tax for FY2022 was 13.4% above the 2021 performance and achieved from improved Operating Income.
Friday 27 January 2023
Nuku'alofa, Tonga
On Australia Day we reflect on our nation’s history and celebrate its achievements and all its people, including the 33,000 Australians that identify as having Tongan ancestry. Australia’s identity is complex; in addition to our first nations heritage and our British and European history, laws and systems of government, we are a country of people from more than 270 ancestries. - Statement from the Australian High Commission in Tonga.
Tuesday 25 October 2022
Matatoa, Tofoa
A special event today marks the official opening of Tonga’s first ever large-scale Battery Energy Storage Systems (BESS) by the Prime Minister Hon. Hu'akavameiliku. The two Battery Energy Storage systems are deliverables of the Tonga Renewable Energy Project (TREP) located at the Popua Power Station and at Matatoa, Tofoa. The project, worth a total of $16.7 million USD, is jointly funded by the Asian Development Bank, Green Climate Fund, and the Government of Australia, and implemented by Tonga Power Limited with assistance from the Government of Tonga.