Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia

“Deeply embedded in our traditions and cultural practices, shell cash also represented social status, and it was utilized in marriages, deaths, and different important ceremonies and occasions,” Genia explained. The arrival of colonisers marked a turning level within the country’s financial history, leading to the introduction of contemporary currencies on 19 April 1975. “These contemporary currencies served as both financial devices and national emblems of our independence and unity as a nation,” Genia famous. She supplied insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present in both the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal areas.

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The contract entails the provision of 20 LNG cargoes, or up to approximately zero.5 million tonnes of LNG per annum, over a period of three years plus one quarter. The contract will begin in Q4 2025, with LNG being provided from Santos’ international portfolio of world-class LNG property on a delivered ex-ship basis. Santos Managing Director and Chief Executive Officer Kevin Gallagher stated the contract with TotalEnergies marks a brand new LNG relationship for Santos, constructing on its present joint venture partnerships. Our portfolio is well-balanced over the short to medium time period, with around eighty p.c of volumes indexed to oil costs and about twenty p.c uncovered to identify pricing,” Gallagher said.

Similarly, “Toea” refers to a priceless sort of shell utilized in trade and traditional bride worth ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to sustaining belief and confidence in physical foreign money, even as international trends shift in the path of digital currencies and electronic payments. “This exhibition supplies a unique opportunity to mirror and recognize how far we now have come and to suppose Business News about how we can proceed to honour our heritage while embracing the long run,” she stated. The exhibition was designed to take attendees on a journey through PNG’s historical past, showcasing pictures of uncommon artefacts, cash, and notes which have formed the country’s economy. The launch was attended by distinguished friends, partners, stakeholders, the employees and administration of BPNG, and the media. Santos has announced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited .