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Chancellor Rachel Reeves will set out the government’s monetary plans for the next 12 months. An open day has been held for corporations wanting to produce an enormous electrical car battery factory, being in-built Somerset. September’s survey suggests the service sector is the engine of development and manufacturing is recovering.

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The Bank of Papua New Guinea formally launched the Kina and Toea Exhibition, a display celebrating the nation’s wealthy economic history and the 50th anniversary of Papua New Guinea’s foreign money. This occasion, held as part of the Bank’s fiftieth anniversary celebrations, coincides with the upcoming 50th anniversary of PNG’s independence in 2025. The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to 6 September 2024 at the National Museum & Art Gallery in Port Moresby. The exhibition supplied a possibility to discover the fascinating history of PNG forex and its distinctive place within the nation’s improvement.

Parkop’s dedication to inclusive participation and the promotion of tourism, arts, and culture. Namah’s appointment, notably concerning the well-known Kokoda Trail. Namah also praised the management of Uvovo at TPA and Kilanda on the development of the primary draft policy for arts and culture, and expressed enthusiasm for ongoing discussions round tourism policy. “Tourism, art, and culture are inclusive industries,” the minister asserted. “They present pathways for wealth creation and empower our communities.” He called for government assist to allow local initiatives, noting that even small actions can lead to significant change.

Hon Parkop also commended the collaborative spirit among stakeholders, saying, “We will name for partnerships to make sure the success of this heart,” including that this initiative is just the beginning of a larger journey to empower the native tourism sector. For further details about the Tourism Business Incubation Center and upcoming applications, please contact the PNG Tourism Promotion Authority. Santos has introduced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited . The contract entails the availability of 20 LNG cargoes, or up to roughly 0.5 million tonnes of LNG per annum, over a period of three years plus one quarter. The contract will commence in Q4 2025, with LNG being equipped from Santos’ world portfolio of world-class LNG assets on a delivered ex-ship basis.

Shells, significantly the Kina and Toea, weren’t only mediums of commerce but additionally symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell cash additionally represented social standing, and it was utilized in marriages, deaths, and different significant ceremonies and events,” Genia explained. The arrival of colonisers marked a turning point within the nation’s economic history, leading to the introduction of latest currencies on 19 April 1975. “These up to date currencies served as both financial devices and nationwide emblems of our independence and unity as a nation,” Genia noted. She provided insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is found in each the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal areas.

October 3, 2024 • In Germany, döner kebabs are more than just an inexpensive, satisfying street meals. Today on the present, how an effort to offer döner kebabs a protected status beneath a little-known EU regulation could dish out some real Business News financial penalties, in Germany and beyond. October 9, 2024 • After a federal decide ruled in August that Google is illegally monopolizing the search engine market, the Department of Justice is now saying the corporate have to be reined in.