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After the formalities, the Minister was given a tour of the country’s Mineral Production Data Monitoring Hub and Data Repository. Stocks stalled as oil fuels inflation nerves Asian inventory markets had been becalmed on Wednesday as surges in oil and Chinese manufacturing facility costs added to worries that a scorching US inflation studying could renew stress on policymakers to raise rates of interest. The Bank of Papua New Guinea Governor Elizabeth Genia addressed latest important legislative modifications to the Central Banking Act during the latest September 2024 Monetary Policy Statement presentation at the Royal Papua Yacht Club. The amendments, handed by Parliament in September, pave the way in which for the establishment of a new Monetary Policy Committee geared toward enhancing the independence and transparency of monetary policy in PNG.
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IDX Composite extends decline, falling zero.28% The IDX Composite index fell by zero.28 percent to 7,480.08 on Thursday, with solely three sectors rising. Singapore halts Allianz bid to purchase majority stake in native insurer Allianz announced in July a “pre-conditional voluntary money general offer” to buy no much less than fifty one percent of Singapore’s Income Insurance, subject …