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Shells, particularly the Kina and Toea, weren’t only mediums of commerce but additionally symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell cash additionally represented social standing, and it was utilized in marriages, deaths, and different vital ceremonies and occasions,” Genia explained. The arrival of colonisers marked a turning level within the country’s economic historical past, leading to the introduction of up to date currencies on 19 April 1975. “These modern currencies served as both financial devices and national emblems of our independence and unity as a nation,” Genia noted. She offered 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 regions.

FCMB attains ISO Certification for Quality ManagementLeading monetary providers provider, First City Monument Bank , has… Officials say they are apprehensive the expertise may enable enemies to “remotely manipulate automobiles”. The strike is ready to significantly disrupt trade, creating uncertainty ahead of the US election.

After quitting his profitable banking job to follow his ardour for visible artwork, Emeka Nwagbara has never looked back. Amid rising inflation, escalating living costs, and heightened danger elements, 14 publicly-listed insurance Business News corporations paid N101.3 billion claims within the… Interswitch has partnered with Thales, a global chief in digital and knowledge safety options, to launch CipherTrust Data Security Solution,…

New Zealand’s central financial institution cuts rates by zero.5 proportion points, and economists say extra cuts are coming. A new report says August rental charges fell in some of Canada’s largest and priciest markets to proceed a months-long trend while costs rose in smaller markets. October 7, 2024 • The U.S. economic system is respiration a little simpler after the International Longshoremen’s Association reached a tentative settlement last week with the United States Maritime Alliance. The short-lived dockworkers strike reignited a debate over whether the president should intervene, invoking an old legislation on the books referred to as the Taft-Hartley Act. On at present’s show, we explain what the Taft-Hartley Act is, why it was created and why it is still scorned by unions. Surge in commodity prices drives development in Indonesia Statistics Indonesia reported Friday the nation’s economic growth was recorded at three.fifty one %, slower than the earlier quarter and under authorities expectation.

In help of small and medium enterprises in the tourism sector, the PNG Tourism Promotion Authority and the Ministry of Tourism, Art and Culture officially launched the Tourism Business Incubation Center on September twenty seventh in Port Moresby. Key figures, including the Minister for Tourism, Arts, and Culture, Hon. Belden Namah, TPA CEO Eric Mossman Uvovo, National Cultural Commission CEO Steven Enomb Kilanda, and NCDC Governor Hon. Namah emphasised the important function of small businesses in the nation’s financial improvement in his keynote handle, as he expressed gratitude to participants for his or her contributions to the country’s progress. Namah mirrored on the need for economic independence, acknowledging the political foundation laid by the country’s founding fathers.

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 press release posted on the courtroom’s web site. Latest info and analysis on the economy, business performance and regulation, business offers, corporate earnings, and markets within the Philippines and all over the world. This material will not be published, broadcast, rewritten, or redistributed. JPMorgan Chase & Co. chief government Jamie Dimon says he’s nonetheless considering whether or not he’ll make an endorsement for the presidential election next month.