Tonga Independent News

BUSINESS

BUSINESS

Australia Strikes Deal with ANZ to Boost Pacific Banking, Counter China’s Growing Influence

Australia is finalizing an agreement with ANZ Group to retain the bank’s Pacific branches, a strategic move designed to support ...
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BUSINESS

Tonga Power Limited (TPL): A Struggle for Stability Amidst Management Challenges and Public Dissatisfaction

Tonga Power Limited (TPL) has been at the centre of public frustration due to a series of management struggles, service ...
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BUSINESS

Opinion: Tonga’s Reliance on External Aid Under Prime Minister Siaosi Sovaleni – A Missed Opportunity for Economic Self-Sufficiency?

During Prime Minister Siaosi Sovaleni’s tenure, Tonga faced some of the most challenging crises in recent memory: the devastating Hunga ...
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BUSINESS

National Reserve Bank vs Tonga Development Bank: A Tale of Two Banks

In a developing legal standoff between Tonga’s key financial institutions, the Tonga Development Bank (TDB) has sought an injunction against ...
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BUSINESS

Tonga Remains Top Kava Exporter to Australia: DFAT Report

Tonga has maintained its position as the largest exporter of Kava into Australia, as revealed by the latest findings from ...
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BUSINESS

What International Visitors think of Tonga

The recent report on International Visitors to Tonga, released by the Tonga Statistics Department, presents some intriguing findings. This is ...
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BUSINESS

Safety Concerns Ground Lulutai Airlines’ Twin Otter, Leaving Tongan Passengers Stranded

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BUSINESS

Lulutai Airlines Scrambles for Replacement Aircraft After Saab 340B Collision with Cement Block at Fua’amotu Airport

Nuku’alofa – In a startling turn of events, Lulutai Airlines is urgently seeking a leased aircraft to maintain its vital ...
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BUSINESS

Emergency Landing at Fua’amotu: Lulutai Airlines Faces Technical Woes

In a dramatic turn of events, Tonga’s sole local airline, Lulutai, was forced to divert its flight to Vava’u and ...
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BUSINESS

National Reserve Bank of Tonga Takes Swift Action Against Unlicensed Investment Entity

In a decisive move, the National Reserve Bank of Tonga (NRBT) has cracked down on an entity operating under the ...
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BUSINESS

IMF Report Highlights Strong Economy and Challenges

Washington, DC – The International Monetary Fund (IMF) has wrapped up its Article IV consultation with Tonga, endorsing the staff ...
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BUSINESS

Financial Turbulence Unfolds as Tonga Development Bank’s CEO Faces Controversy Over Cost Low Deal

Cost Low Company Limited has filed an application Notice for Injunction on a Mortgage Notice issued by Tonga Development Bank. ...
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BUSINESS

Lower inflation remains priority for the Reserve Bank

The Board of Directors of the Reserve Bank of Tonga (NRBT) has decided to focus on two main goals in ...
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BUSINESS

‘0si tau e fakatau twin otter Lulutai USD$6.25m pe ko e TOP $15m, palani lisi mo e vaka (ATR) he ta’u fo’ou

Kuo fakahaa faka’ofisiale ‘e he CEO ‘o e Lulutai Poasi Tei ki he ongoongo ni, kuo ‘osi tau mo fakahoko ...
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BUSINESS

“Bitcoin Trading Transforms Business Landscape in Tonga: Exploring the Challenges and Opportunities”

The Bitcoin trading model is increasingly being embraced globally, even in smaller nations like the island country of Tonga. This ...
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BUSINESS

Auckland Welcomes Tongan Workers: Fulton Hogan and Community Join Forces in Post-Disaster Recovery and Empowerment

It was a cold morning in Auckland as we gathered to warmly welcome the new workers recruited from Tonga to ...
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BUSINESS

Tonga Power Chairman welcomes Royal Commission

One of the major issues currently in discussion and has been for a while now, is the public outcry due ...
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BUSINESS

Lotopoha Export Trading Company to Construct Packhouse Facility in Partnership with PHAMA Plus

Lotopoha Export Trading, the prominent Tongan export enterprise, has declared its collaboration with the PHAMA Plus to build a multi-purpose ...
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BUSINESS

Billfish owner and family terrorised by Police brutality

The owner and operator of Billfish Bar and Restaurant, Robert Sullivan, was jailed overnight on Saturday due to a miscommunication ...
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