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Four bank employees jailed for embezzlement in Tonga | Radio New Zealand News


Four former employees of Westpac Bank in Tonga have been convicted and jailed for embezzling a total of more than 66 thousand US dollars from the bank.

via Four bank employees jailed for embezzlement in Tonga | Radio New Zealand News.

King opens new commercial bank


The Pacific International Commercial Bank (PICB), Tonga’s newest bank, was opened by HM King Tupou VI this afternoon, April 7, at Loumaile Lodge, Nuku’alofa.

The Chinese-Tongan bank venture is a partnership between a Chinese businessman and majority shareholder Mr Jianhua Hu who was present at the event with Princess Pilolevu Tuita. The other shareholder is Mr Zhang Xueyan.

via King opens new commercial bank | Matangi Tonga.

World Bank to certify Tonga plane but NZ travel warning stays


The Tongan Prime Minister, Lord Tu’ivakano, together with New Zealand’s foreign minister Murray McCully, have announced a full review of Tonga’s entire transport industry, which will be led by the World Bank.

via World Bank to certify Tonga plane but NZ travel warning stays | Radio New Zealand News.

Leta Kami leads Tonga Development Bank


Leta Havea Kami has been appointed as the new Managing Director and Chief Executive Officer of the Tonga Development Bank (TDB) and the first woman to take up the position, effective from September 2.

Lord Matoto chairman of the TDB Board said Leta who had over 20-years of banking experience was a very capable person to lead the bank during these challenging economic times and drive the transition phase towards banking services.

via Leta Kami leads Tonga Development Bank | Matangi Tonga.

Dr Ngongo Kioa new Reserve Bank Governor


Dr Sione Ngongo Kioa (54) became the new Governor of the National Reserve Bank of Tonga on August 21 for a five-year term which is open for renewal.

Steve Edwards, the Chairman of the NRBT Board of Directors said a Cabinet decision confirmed the new Governor’s appointment, and Dr Kioa signed a five year contract of employment.

via Dr Ngongo Kioa new Reserve Bank Governor | Matangi Tonga.