BUSINESS

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

The Bitcoin trading model is increasingly being embraced globally, even in smaller nations like the island country of Tonga. This novel digital currency system has caused significant shifts in the business landscape of the country. One notable change resulting from the Bitcoin trading system in Tonga is the enhanced ease of conducting global business transactions.

It was a cold morning in Auckland as we gathered to warmly welcome the new workers recruited from Tonga to join Fulton Hogan for a full-time employment period of two years. This momentous occasion held special significance for those who had worked tirelessly over the past 12 months to transform a mere idea into reality.

One of the major issues currently in discussion and has been for a while now, is the public outcry due to the continuing increase in the cost of electricity. The issue came up shortly after the eruption of the Tonga Hunga and Tonga Ha’apai which covered Tonga in ash and causing extensive damage to homes,

Lotopoha Export Trading, the prominent Tongan export enterprise, has declared its collaboration with the PHAMA Plus to build a multi-purpose packhouse facility for root crops. The newly constructed facility will serve as a processing and packing hub for both fresh and frozen produce in the Eastern District of Tongatapu. This area is responsible for supplying

The owner and operator of Billfish Bar and Restaurant, Robert Sullivan, was jailed overnight on Saturday due to a miscommunication the night prior with police officers. At the bar on Friday night, a kerfuffle almost turned violent after a junior officer on patrol reported to his supervisor that Mr Sullivan had ‘swore’ at him. A