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The Bank of Papua New Guinea formally launched the Kina and Toea Exhibition, a display celebrating the nation’s rich financial history and the fiftieth anniversary of Papua New Guinea’s foreign money. This occasion, held as a part of the Bank’s 50th 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 on the National Museum & Art Gallery in Port Moresby. The exhibition provided a possibility to discover the fascinating historical past of PNG forex and its distinctive place within the nation’s growth. Displaying cultural richness and diversity, attendees have been reminded of the significance of foreign money as a reflection of PNG id, values, and traditions.

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Santos has announced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited . The contract entails the provision of 20 LNG cargoes, or up to approximately 0.5 million tonnes of LNG each year, over a interval of three years plus one quarter. The contract will start in Q4 2025, with LNG being supplied from Santos’ world portfolio of world-class LNG property on a delivered ex-ship basis. Santos Managing Director and Chief Executive Officer Kevin Gallagher said the contract with TotalEnergies marks a model new LNG relationship for Santos, building on its current three method partnership partnerships. Our portfolio is well-balanced over the quick to medium term, with round eighty p.c of volumes listed to oil costs and about twenty % exposed to identify pricing,” Gallagher said. “There continues to be extremely robust demand in Asia for high-heating-value LNG from tasks corresponding to Barossa and PNG LNG, as countries give attention to reducing their carbon emissions.

October 3, 2024 • The once-hot Silicon Valley startup has seen its stock’s worth decline 99% and is struggling to outlive. That has put the spotlight on the genetic knowledge it has on 15 million folks. October 3, 2024 • In Germany, döner kebabs are extra than simply an reasonably priced, satisfying street meals. Today on the present, how an effort to provide döner kebabs a protected standing underneath Business News a little-known EU regulation might dish out some actual financial penalties, 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 U.S. October 4, 2024 • U.S. employers added greater than 1 / 4 million jobs in September, while the unemployment price fell to four.1%.