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Minister shocked by 25% write-off offered to businesses obligated to repay TOP $157 million in Chinese loans for Nuku‘alofa’s post-riot

Summary by kanivatonga.co.nz
The Minister of Public Enterprises was baffled by the previous Hu‘akavameiliku administration’s Cabinet decision to write off portions of loans intended to repay the existing $157 million loan balance owed to China. Former Prime Minister Hu‘akavameiliku stated earlier this year that the outstanding debt balance stood at TOP157 million (approximately US75 million). He said the […] The post Minister shocked by 25% write-off offered to businesses o…
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Minister shocked by 25% write-off offered to businesses obligated to repay TOP $157 million in Chinese loans for Nuku‘alofa’s post-riot

The Minister of Public Enterprises was baffled by the previous Hu‘akavameiliku administration’s Cabinet decision to write off portions of loans intended to repay the existing $157 million loan balance owed to China. Former Prime Minister Hu‘akavameiliku stated earlier this year that the outstanding debt balance stood at TOP157 million (approximately US75 million). He said the […] The post Minister shocked by 25% write-off offered to businesses o…

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kanivatonga.co.nz broke the news in on Friday, April 4, 2025.
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