Tonga News
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Economy
Foreign Reserves equivalent of 6.8 months of imports Nuku'alofa, Tonga: onga's official foreign reserves for December 2009 reached $160.4 million, which was half a million pa'anga more than the November figure of $159.9 million. 14 Jan 2010, 14:55
Tonga News
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Economy
Borrowers in difficulty as economic slowdown continues Nuku'alofa, Tonga: As an economic slowdown continues, the National Reserve Bank of Tonga has offered SDR relief for commercial banks, to encourage them to reduce interest rates for customers. 23 Dec 2009, 19:44
Tonga News
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Economy
Tonga remains vulnerable, says Finance minister Nuku'alofa, Tonga: The Tongan economy's only hope of surviving the global financial crisis is to be able to adapt and to exploit global economic changes, Tonga's Minister of Finance, Hon. Afu'alo Matoto said in his opening address of the "Tonga Update 2009" at the Fa'onelua Convention Centre, Nuku'alofa on Friday November 20. 24 Nov 2009, 20:17
Tonga News
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Economy
High import payments for fuel Nuku'alofa, Tonga: Tonga's official Foreign Reserves fell by $2.6 million from $163.3 million in September to $160.7 million in October, but this was still higher than the same time last year. 09 Nov 2009, 10:13
Tonga News
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Economy
Electricity tariff going up from 62.79s to 83.14s Nuku'alofa, Tonga: Tonga's electricity tariff will go up by 20.35 seniti per kWh, effective from the meter reading at the end of October, Peter McGill, the CEO of the Tonga Power Ltd. announced this afternoon. 22 Sep 2009, 23:31
Tonga News
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Economy
Foreign reserves high due to IMF drawing Nuku'alofa, Tonga: Tonga's Foreign Reserves rose by $19.8 million to a record high of $159.2 million in August, the equivalent of 6.2 months of imports of goods for Tonga. 18 Sep 2009, 17:16
Tonga News
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Economy
Foreign Reserves rise Nuku'alofa, Tonga: Tonga's official Foreign Reserves held by the National Reserve Bank for June rose by $4.2 million pa'anga to $136.3 million, the highest so far for the year. 21 Jul 2009, 22:00
Tonga News
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Economy
Budget aims for renewed growth Nuku'alofa, Tonga: Economic growth of 1.7%for Tonga is the aim of the government's $225.4 million pa'anga budget for 2009-10, the Minister of Finance, Hon. Afu'alo Matoto told the Tongan Parliament on Monday, June 8. 10 Jun 2009, 21:13
Tonga News
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Economy
Foreign Reserves look better this year Nuku'alofa, Tonga: Tonga's official Foreign Reserves held by the National Reserve Bank of Tonga for May fell by half a million pa'anga to $132.1 million, the equivalent of 4.6 months of imports of goods, but the figure was well up compared to May last year. 10 Jun 2009, 20:27
Tonga News
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Economy
Slowing remittances increases Tonga's national debt risk Nuku'alofa, Tonga: Tonga's economic growth for 2008-09 is likely to be only around half a per cent, after a challenging year in which remittances have slowed, and lending has been cautious, according to an International Monetary Fund Report released yesterday. 15 May 2009, 11:02
