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Governor Genia expressed the Bank’s ongoing dedication to sustaining trust and confidence in bodily currency, at the equal time as international developments shift in path of digital currencies and electronic funds. “This exhibition provides a unique opportunity to mirror and respect how far we have come and to consider how we are in a position to continue to honour our heritage while embracing the future,” she said. The exhibition was designed to take attendees on a journey by way of PNG’s historical past, showcasing photographs of rare artefacts, coins, and notes that have shaped the country’s economic system. The launch was attended by distinguished friends, companions, stakeholders, the workers and administration of BPNG, and the media.
Gingerbread House from Hansel and Gretel named the most expensive fictional meals… Mark Cuban moved to Dallas after college because his pal advised him the town was full of beautiful girls, he told The San Francisco Standard. The federal government launched a quantity of measures related to housing on Tuesday, which embrace measures for homeowners wanting to add a secondary suite, taxing vacant land and constructing houses in place of underused federal properties.
Shells, significantly the Kina and Toea, were not solely mediums of trade but also symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell cash additionally represented social status, and it was utilized in marriages, deaths, and different vital ceremonies and occasions,” Genia explained. The arrival of colonisers marked a turning point within the country’s economic historical past, resulting in the introduction of contemporary currencies on 19 April 1975. “These up to date currencies served as each financial instruments and national emblems of our independence and unity as a nation,” Genia famous. She offered 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. Similarly, “Toea” refers to a priceless sort of shell used in commerce and conventional bride price ceremonies within the Motuan Coastal villages.
Each week we alternate between an interview with a company chief and an trade deep dive. Sit down for lunch and stroll away with a fresh take on the share market, corporations you probably can spend money on, and the means forward for business. News about the Philippine Stock Exchange, international capital markets, and the banking trade. The Reserve Bank of India has stored its key interest rate unchanged for the tenth consecutive time, its governor Shaktikanta Das announced right now,while retaining India’s actual GDP progress forecast at 7.2 per cent for the current financial yr. New Zealand’s central financial institution cuts rates by 0.5 share factors, and economists say more cuts are coming.
A new report says August rental rates fell in some of Canada’s largest and priciest markets to continue a months-long trend while costs rose in smaller markets. October 7, 2024 • The U.S. economic system is breathing somewhat easier after the International Longshoremen’s Association reached a tentative agreement last week with the United States Maritime Alliance. The short-lived dockworkers strike reignited a debate over whether Business News or not the president ought to intervene, invoking an old law on the books called the Taft-Hartley Act. On at present’s present, we clarify what the Taft-Hartley Act is, why it was created and why it’s still scorned by unions.
“This oil-indexed contract, along with the just lately executed long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan and the mid-term contract with Glencore, demonstrates Santos’ strong LNG portfolio position and buyer relationships within the area. Our portfolio is well-balanced over the brief to medium term, with round eighty % of volumes indexed to grease costs and about twenty p.c uncovered to identify pricing,†Gallagher stated. “There continues to be extraordinarily robust demand in Asia for high-heating-value LNG from initiatives similar to Barossa and PNG LNG, as international locations concentrate on lowering their carbon emissions.