Financial Times

Shells, particularly the Kina and Toea, were not solely mediums of trade but in addition 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 events,” Genia explained. The arrival of colonisers marked a turning point within the nation’s financial history, leading to the introduction of up to date currencies on 19 April 1975. “These up to date currencies served as each financial devices and nationwide emblems of our independence and unity as a nation,” Genia noted. She supplied insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present in each the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal areas.

Market knowledge information displayed on The Sydney Morning Herald is sourced from Morningstar and ASX and is topic to their phrases and situations as set out in our phrases of use. The Sydney Morning Herald does not accept any responsibility for the accuracy and/or completeness of such data or info. A gadget used by researchers with Fisheries and Oceans Canada appears to have been the sufferer of an attack by an excellent white shark 300 metres underneath water off the coast of Nova Scotia.

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The Reserve Bank of India has stored its key rate of interest unchanged for the tenth consecutive time, its governor Shaktikanta Das announced right now,while retaining India’s real GDP development forecast at 7.2 per cent for the present monetary 12 months. The Brazilian Supreme Court’s Justice Alexandre de Moraes on Tuesday approved the restoration of social media platform X´s service in Brazil, over a month after its nationwide shutdown, according to a statement posted on the court docket’s web site. Latest data and analysis on the economic system, business efficiency and regulation, business deals, corporate earnings, and markets in the Philippines and around the world.

Hon Parkop additionally counseled the collaborative spirit among stakeholders, saying, “We will name for partnerships to make sure the success of this heart,” adding that this initiative is just the beginning of a larger journey to empower the local tourism sector. For further details about the Tourism Business Incubation Center and upcoming applications, please contact the PNG Tourism Promotion Authority. Santos has introduced the signing of a mid-term LNG provide contract with TotalEnergies Gas & Power Asia Private Limited . The contract entails the supply 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 provided from Santos’ global portfolio of world-class LNG property on a delivered ex-ship foundation.