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Hon Parkop also recommended the collaborative spirit amongst stakeholders, saying, “We will name for partnerships to ensure the success of this heart,” including that this initiative is only the start of a bigger journey to empower the local tourism sector. For additional details about the Tourism Business Incubation Center and upcoming applications, please contact the PNG Tourism Promotion Authority. The Bank of Papua New Guinea officially launched the Kina and Toea Exhibition, a show celebrating the nation’s rich economic historical past and the 50th anniversary of Papua New Guinea’s forex.
A former New York City official was charged Tuesday with witness tampering and destroying proof in a federal investigation that led to Mayor Eric Adams’ bribery indictment. The arrest came amid but more high-profile departures from Adams’ administration as federal prosecutors delve deeper into allegations that the mayor was concerned in a coverup. The Dominican Republic stated Tuesday it has deported or repatriated nearly 11,000 Haitians up to now week, fulfilling a pledge to take action weekly as neighboring Haiti scrambles to handle the influx while besieged by gang violence and poverty. Personal finance contributor Christopher Liew offers practical suggestions for parents who want to give their children skills to develop intelligent money habits early on in their lives. Uber Technologies will roll out an AI assistant powered by OpenAI’s expertise to help drivers transition to electric autos, as a part of its efforts to lower emissions. Change your nation to get extra high stories from the place you are, in addition to the UK and international headlines.
This event, 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 on the National Museum & Art Gallery in Port Moresby. The exhibition offered a chance to explore the fascinating history of PNG foreign money and its distinctive place in the nation’s improvement. Displaying cultural richness and diversity, attendees were reminded of the importance of foreign money as a mirrored image of PNG identity, values, and traditions.
“These contemporary currencies served as both economic 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 regions. Similarly, “Toea” refers to a useful type of shell used in trade and traditional bride price ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to sustaining trust and confidence in physical foreign money, whilst Business News world trends shift in direction of digital currencies and electronic funds. “This exhibition supplies a novel alternative to replicate and recognize how far we’ve come and to consider how we will proceed to honour our heritage whereas embracing the future,” she said. The exhibition was designed to take attendees on a journey via PNG’s historical past, showcasing pictures of uncommon artefacts, cash, and notes which have shaped the country’s financial system.
Wall Street’s benchmarks completed up on Tuesday, recouping some of the earlier session’s losses, as investors purchased back in to technology shares and traders shifted their focus to upcoming inflation knowledge and the start of third-quarter earnings season. Global funding firm Fidelity has cut back the value of its holding in Elon Musk-run X by a large seventy eight.7 per cent, which suggests that the X social media platform is in all probability going valued at simply $9.four billion. Retirement village residents and their families have backed calls for harder regulation of the sector, with one saying contracts ought to carry a cigarette-style monetary health warning and another saying the trade is a “black gap”.
The Philippine economy is expected to post common progress of six % from this year until 2026 with the expansion to be… Eighty-five percent of Filipino employees shared a positive or neutral answer when requested about their job satisfaction, according to a survey performed by online job portal Jobstreet by SEEK. Laura HellerI’d love to know why it’s so hard to foster government progress from within… The former prime minister defends appointing his 29-year-old adviser to the House of Lords. The Renters’ Rights Bill, which bans no-fault evictions, shall be debated for the primary time on Wednesday. These highly effective tropical storms are usually changing into extra intense as the world warms.