Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia

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Governor Genia also introduced the Bank’s Vision 2050, launched consistent with the anniversary celebrations. Shells, significantly the Kina and Toea, were not solely mediums of commerce but in addition symbols of wealth, social standing, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell money additionally represented social status, and it was used in marriages, deaths, and other significant ceremonies and events,” Genia defined. The arrival of colonisers marked a turning level in the country’s economic historical past, leading to the introduction of latest currencies on 19 April 1975. “These contemporary currencies served as each financial instruments and national emblems of our independence and unity as a nation,” Genia noted. She offered 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.

The contract entails the availability of 20 LNG cargoes, or up to roughly zero.5 million tonnes of LNG every year, over a period of three years plus one quarter. The contract will start in Q4 2025, with LNG being supplied from Santos’ international portfolio of world-class LNG belongings on a delivered ex-ship foundation. Santos Managing Director and Chief Executive Officer Kevin Gallagher said the contract with TotalEnergies marks a model new LNG relationship for Santos, constructing on its existing three means partnership partnerships. “This oil-indexed contract, along with the lately executed long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan and the mid-term contract with Glencore, demonstrates Santos’ sturdy LNG portfolio position and buyer relationships in the area.

The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to 6 September 2024 on the National Museum & Art Gallery in Port Moresby. The exhibition supplied an opportunity to explore the fascinating historical past of PNG currency and its distinctive place in the nation’s development. Displaying cultural richness and variety, attendees were reminded of the importance of forex as a mirrored image of PNG id, values, and traditions. The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and officially declared the exhibition open on behalf of the Governor of BPNG, Elizabeth Genia, in her absence. “It is an honour to face earlier than you right now as we open the Kina and Toea Exhibition, a showcase of our nation’s wealthy and evolving economic history as part of the Bank’s 50th anniversary celebrations,” Governor Genia mentioned. She highlighted that the event is especially important as it precedes the fiftieth anniversary of both the nation’s foreign money and the nation itself.