AGP Executive Report
Last update: 3 hours agoPacific Development: ADB’s new 2026–30 strategy for 12 island countries, including Tonga, prioritises resilient infrastructure, essential services and stronger local institutions over investment alone. Energy: Tonga’s $15.39 million share of ADB emergency aid will help Tonga Power manage fuel costs and keep electricity affordable; two new generators have also added 3.52 megawatts to Tongatapu’s capacity. Power Innovation: Endurance Energy’s subsea geothermal system generated net-positive power for 8.7 seconds in a trial off Oregon. The company plans a commercial project offshore Tonga in 2027, though the technology remains at an early stage. Rising Costs: Tonga’s annual inflation reached 12.1% in September. Housing and utilities rose 26.6%, transport 21.2%, and food prices made the largest contribution to the overall increase. Trade and Work: Tonga joined the WTO’s legal advisory centre, gaining support on trade rules and disputes. A New Zealand court has also confirmed that employers cannot charge overseas recruits, including Tongan workers, recruitment fees.
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