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Hon Parkop additionally commended the collaborative spirit amongst stakeholders, saying, “We will name for partnerships to ensure the success of this middle,” including that this initiative is just the beginning of a larger journey to empower the native tourism sector. For additional details Business News about the Tourism Business Incubation Center and upcoming packages, 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 wealthy financial historical past and the 50th anniversary of Papua New Guinea’s forex.
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The launch was attended by distinguished guests, companions, stakeholders, the staff 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 . The contract entails the availability of 20 LNG cargoes, or as a lot as approximately 0.5 million tonnes of LNG every year, 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 belongings on a delivered ex-ship basis. Santos Managing Director and Chief Executive Officer Kevin Gallagher said the contract with TotalEnergies marks a new LNG relationship for Santos, building on its existing joint venture partnerships. “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’ robust LNG portfolio place and customer relationships within the region.
This event, held as a half 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 possibility to discover the fascinating history of PNG forex and its distinctive place in the nation’s improvement. Displaying cultural richness and variety, attendees have been reminded of the importance of foreign money as a reflection of PNG identity, values, and traditions.
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“They present pathways for wealth creation and empower our communities.†He called for government help to enable native initiatives, noting that even small actions can result in vital change. The Minister also proposed a model new co-location strategy for key companies involved in tourism and cultural promotion, aiming to streamline operations and enhance service delivery. He underscored the need for regulatory frameworks to protect PNG’s cultural heritage, advocating for the patenting of native designs and products to make sure they are authentically represented.