BUSINESS

Tonga has maintained its position as the largest exporter of Kava into Australia, as revealed by the latest findings from the DFAT Pacific Integration and Economic Division Office during the Regional Kava Development Strategy and Geographical Indication (GI) for Kava meeting. Assistant Director Caroline Kempeneer highlighted the substantial progress made since the initiation of the […]

The recent report on International Visitors to Tonga, released by the Tonga Statistics Department, presents some intriguing findings. This is the first time such a report has been compiled, providing Tourism with crucial insights into visitors’ perceptions of Tonga. Covering the period from January to April 2023, the report offers valuable insights into international visitors’

Nuku’alofa – In a startling turn of events, Lulutai Airlines is urgently seeking a leased aircraft to maintain its vital domestic flight services after its Saab 340B(Plus) aircraft was involved in a damaging collision at Fua’amotu Airport on December 8, 2023. The incident, which occurred during taxiing post-landing, saw the aircraft unexpectedly collide with a

In a dramatic turn of events, Tonga’s sole local airline, Lulutai, was forced to divert its flight to Vava’u and subsequently return to Tongatapu due to hydraulic problems. The incident unfolded as the pilot, preparing to land in Vava’u, detected issues with the aircraft’s hydraulics, prompting a swift decision to return to Tonga for the

In a decisive move, the National Reserve Bank of Tonga (NRBT) has cracked down on an entity operating under the name “Famili Tonga USA Trading” for conducting investment activities without the required license, a violation of the Banking Act 2020. The NRBT’s investigation revealed that Famili Tonga USA Trading was operating without the necessary banking

Washington, DC – The International Monetary Fund (IMF) has wrapped up its Article IV consultation with Tonga, endorsing the staff appraisal without a formal meeting. The assessment sheds light on Tonga’s robust economic performance, primarily fuelled by remittance inflows and post-volcanic eruption reconstruction. While the nation’s economy is on the path to recovery, it faces

Cost Low Company Limited has filed an application Notice for Injunction on a Mortgage Notice issued by Tonga Development Bank. In March 2023, a pivotal meeting occurred between Mrs. Emeline Tuita, CEO of the Tonga Development Bank (TDB), and Mrs. Charlotte Cocker, the head of Royco Group, owners of Cost Low. They gathered to discuss

The Board of Directors of the Reserve Bank of Tonga (NRBT) has decided to focus on two main goals in its August 2023 Monetary Policy Statement (MPS): first, to keep inflation below the 5% reference rate, including through seeking Government’s assistance in controlling domestic and wage inflation; and second, to provide targeted support towards economic

Kuo fakahaa faka’ofisiale ‘e he CEO ‘o e Lulutai Poasi Tei ki he ongoongo ni, kuo ‘osi tau mo fakahoko ‘a e fakatau vakapuna ‘a e kautaha, ‘a e vakapuna ‘i he kalasi ko e TWIN OTTER. Na’ane toe fakapapau’i ki he Tonga Independent News na’e fe’unga pea mo e USD$6.25 miliona pe ko e