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The contract entails supplying 19 LNG cargoes, or as much as roughly zero.5 million tonnes of LNG each year over a interval of three years plus one quarter. The provide will come from Santos’ world portfolio of world-class LNG belongings on a delivered ex-ship foundation. Santos Managing Director and Chief Executive Officer Kevin Gallagher noted that the contract with Glencore extends their existing strong business relationship and presents a priceless alternative for both corporations to leverage their experience in Asian LNG markets. “This oil-indexed contract, together with a long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan, highlights Santos’ strong LNG portfolio position and customer relationships in the region. There continues to be robust demand in Asia for prime heating worth LNG from projects corresponding to Barossa and PNG LNG. Santos is dedicated to supporting the energy safety of our valued clients across Asia,” Mr Gallagher said. The Bank of Papua New Guinea formally launched the Kina and Toea Exhibition, a display celebrating the nation’s rich economic historical past and the fiftieth anniversary of Papua New Guinea’s forex.
September 6, 2024 • British regulators are looking into how Ticketmaster makes use of “dynamic pricing” to hike prices consistent with demand. A similar controversy prompted a federal lawsuit towards the corporate in the us The newest determine comes as the government faces a backlash over chopping Business News winter fuel payments for most pensioners. Bajaj Housing Finance scripted history with its preliminary public offering because the Bajaj Group company grew to become the primary Indian firm to attract bids for greater than Rs 3 lakh crore.
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This occasion, held as part of the Bank’s 50th anniversary celebrations, coincides with the upcoming fiftieth anniversary of PNG’s independence in 2025. The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to six September 2024 on the National Museum & Art Gallery in Port Moresby. The exhibition offered an opportunity to explore the fascinating historical past of PNG currency and its unique place within the nation’s growth.
As we approach our fiftieth anniversary, it’s crucial that we make a decisive change. Indonesia, our closest neighbour, has efficiently navigated this path and is now a formidable participant on the worldwide stage. He revealed that two Indonesian companies have expressed interest in multi-billion kina rice and recycling initiatives in PNG, with proposals under evaluate for approval by the National Executive Council . “This marks the start of a new era for PNG as we shift our commerce and funding focus to Indonesia,” Minister Maru concluded. Santos has introduced the signing of a mid-term LNG supply contract with Glencore Singapore Pte Ltd .
Montreal-based low cost retailer, Dollarama, reported a growth in profit and gross sales within the second quarter, signalling extra Canadians are on the lookout for a deal as the price of residing remains high. The strike by staff at Kenya’s primary worldwide airport in opposition to the proposed take care of Adani has caused flight delays and cancellations for both incoming and outgoing passengers. Stocks noticed massive swings as buyers parse the result of the Trump-Harris debate in addition to recent inflation data ahead of the Federal Reserve’s assembly on Sept. 18. US takes on Google’s ad tech empire in antitrust trial The trial in a federal court in northern Virginia follows a separate case the place a choose last month found Google’s search business to be an illegal monopoly.
Personal finance contributor Christopher Liew explains a few of the downsides of obsessive frugality and provides some tips on how to balance frugal residing with residing your daily life. When two Ontario women were scammed out of greater than $80,000 in separate bank investigator scams, they thought they might be reimbursed by their banks and had been shocked once they weren’t. A union representing federal staff is asking its members to convey their own lunch to work, in an apparent retaliation towards downtown Ottawa businesses as new return-to-office protocols start.
Minister Maru remarked, “Indonesia’s economic system has grown tenfold over the last 20 years, pushed partially by the government’s coverage of banning uncooked material exports. Minister Maru added, “While Indonesia has historically relied on imports of manufactured items, superior know-how, and technical abilities, it has successfully transitioned from a primary sector economic system to one centered on secondary and tertiary industries. “Downstream processing has been highly successful in Indonesia, creating thousands of jobs, transferring higher-value skills, and introducing advanced 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 mixed. In 2022, investment in downstream mining surged to virtually US$9.2 billion, compared to US$4.1 billion in 2019,” Maru noted, emphasising the numerous role these investments have performed in Indonesia’s mining industry.