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The exhibition was designed to take attendees on a journey through PNG’s historical past, showcasing pictures of uncommon artefacts, cash, and notes that have formed the country’s economy. The launch was attended by distinguished friends, companions, stakeholders, the staff and management of BPNG, and the media. Santos has announced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited . The contract entails the supply of 20 LNG cargoes, or up to approximately zero.5 million tonnes of LNG every year, over a interval of three years plus one quarter.

October 2, 2024 • An appeals court docket sided with Uber, ruling a couple can’t sue over a near-fatal car crash as a outcome of they’d agreed to Uber’s arbitration clause. October three, 2024 • The once-hot Silicon Valley startup has seen its stock’s value decline 99% and is struggling to outlive. That has put the highlight on the genetic knowledge it has on 15 million folks. October three, 2024 • In Germany, döner kebabs are extra than simply Business News an affordable, satisfying street meals. Today on the show, how an effort to offer döner kebabs a protected standing beneath a little-known EU regulation might dish out some real financial consequences, in Germany and past. October three, 2024 • The two sides have agreed to a 62% wage improve over 6 years in a deal between the International Longshoremen’s Association and the united states

In assist of small and medium enterprises in the tourism sector, the PNG Tourism Promotion Authority and the Ministry of Tourism, Art and Culture officially launched the Tourism Business Incubation Center on September 27th in Port Moresby. Key figures, including the Minister for Tourism, Arts, and Culture, Hon. Belden Namah, TPA CEO Eric Mossman Uvovo, National Cultural Commission CEO Steven Enomb Kilanda, and NCDC Governor Hon. Namah emphasised the important position of small businesses in the nation’s financial improvement in his keynote tackle, as he expressed gratitude to members for their contributions to the country’s progress. Namah mirrored on the need for economic independence, acknowledging the political basis laid by the country’s founding fathers.

The Minister additionally proposed a new co-location strategy for key agencies concerned in tourism and cultural promotion, aiming to streamline operations and enhance service supply. He underscored the need for regulatory frameworks to guard PNG’s cultural heritage, advocating for the patenting of native designs and products to make sure they’re authentically represented. Namah careworn the importance of marketing PNG’s tourism internationally and the need for increased authorities funding within the sector. “If we want to connect PNG, we should also prioritize tourism alongside agriculture, forestry, and fisheries,” he concluded. The Minister’s vision is to see this initiative expand throughout all 22 provinces, empowering native communities and enhancing the tourism landscape in Papua New Guinea.

Governor Genia additionally launched the Bank’s Vision 2050, launched consistent with the anniversary celebrations. Shells, notably the Kina and Toea, weren’t only mediums of commerce but in addition symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell money also represented social standing, and it was used in marriages, deaths, and other important ceremonies and events,” Genia defined. The arrival of colonisers marked a turning level within the nation’s financial history, leading to the introduction of up to date currencies on 19 April 1975. “These modern currencies served as both economic devices and national emblems of our independence and unity as a nation,” Genia famous. She provided insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present in each the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal regions.