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The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to 6 September 2024 at the National Museum & Art Gallery in Port Moresby. The exhibition offered an opportunity to discover the fascinating history of PNG foreign money and its distinctive place in the nation’s growth. Displaying cultural richness and diversity, attendees have been reminded of the importance of foreign money as a reflection of PNG identity, values, and traditions. The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and formally declared the exhibition open on behalf of the Governor of BPNG, Elizabeth Genia, in her absence. “It is an honour to face before you at present as we open the Kina and Toea Exhibition, a showcase of our nation’s rich and evolving economic historical past as part of the Bank’s fiftieth anniversary celebrations,” Governor Genia stated. She highlighted that the event is particularly vital as it precedes the 50th anniversary of each the country’s foreign money and the nation itself.
Minister Maru added, “While Indonesia has traditionally relied on imports of manufactured items, advanced expertise, and technical expertise, it has successfully transitioned from a major sector financial system to a minimal of one focused on secondary and tertiary industries. “Downstream processing has been highly profitable in Indonesia, creating thousands of jobs, transferring higher-value expertise, and introducing superior technological processes. The nickel SEZ at Weda Bay alone created 80,000 direct jobs and 12,000 indirect jobs—more jobs than PNG’s complete mining and petroleum industries combined. In 2022, investment in downstream mining surged to almost US$9.2 billion, in comparison with US$4.1 billion in 2019,” Maru noted, emphasising the significant function these investments have performed in Indonesia’s mining business. The Indonesian Government has recommended that PNG undertake an analogous method and implement a ban on raw materials exports.
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The Institute of Chartered Accountants of Bangladesh yesterday awarded 22 listed and non-listed firms throughout thirteen totally different sectors for presenting the best annual reviews, integrated reporting, and corporate governance disclosures. Universal College Bangladesh, a pioneering international schooling supplier within the country, signed a memorandum of understanding with Eastern Bank PLC with a vision to bridge the hole between business and academia. The Bangladesh Securities and Exchange Commission has decided not to extend the subscription time for administrators of Alif Industries who decided to purchase shares of the corporate price Tk 200 crore. The Bangladesh Securities and Exchange Commission will go harder on brokerage houses that have a deficit in their consolidated customers account in an effort to bring extra discipline to the country’s inventory market. With Australia’s financial system growing at its slowest pace in decades, excluding the pandemic, and expectations rates of interest may soon begin to fall, analysts are warning there’s an excessive quantity of “exuberance” on the share market. The former Peruvian president was a controversial determine, who was jailed for human rights abuses.
Gojek, Grab, Bluebird lead way for EV adoption in Indonesia By replacing part of their fleets with electrical autos, ride-hailing and taxi firms could create the critical mass in charging station demand to trigger widescale EV use in Indonesia. Big Oil in Indonesia gets in on carbon capture Pertamina, ExxonMobil, BP and Repsol are among the firms venturing into carbon seize projects in Indonesia. “Indonesian medical biotech skills interact with global research community” Advances in medical biotechnology have shown speedy improvement, particularly with the pandemic that has threatened humanity over the past 12 months and a half. Global chip crunch stunts Indonesia automobile gross sales recovery Automakers see the semiconductor shortage as preventing them from totally using a quick lived tax cut on new automobiles to recuperate gross sales to prepandemic levels.
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Steel, the controversy over national and financial security is being dwarfed by presidential politics. The government’s plan to purchase again the bonds to cap the capital expenditure in the roads and highway phase. The govt is also keen to award initiatives above Rs 500 cr underneath the PPP mode as they have proved to be of higher high quality and are cheaper, in comparability with govt-funded projects, stated an official. Kalpataru Projects inventory gained over after securing orders price Rs 2,774 crore, including initiatives within the T&D business, an airport EPC project from AAI, and a residential constructing design-build project.
Hayley Channer discusses the candidates’ financial agendas and the influence they might have on Australia’s economic system. At SEMICON India 2024 in Greater Noida, industry leaders Anurag Awasthi and Ashok Chandak emphasised the event’s unprecedented success and the exponential development expected in the semiconductor sector. Discover the promising way forward for this key business and the thrilling developments discussed at the convention.