Minister Maru added, “While Indonesia has traditionally relied on imports of manufactured items, advanced know-how, and technical expertise, it has efficiently transitioned from a major sector financial system to one focused on secondary and tertiary industries. “Downstream processing has been highly successful in Indonesia, creating hundreds of jobs, transferring higher-value abilities, 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 entire mining and petroleum industries combined. In 2022, investment in downstream mining surged to almost US$9.2 billion, compared to US$4.1 billion in 2019,” Maru noted, emphasising the significant position these investments have played in Indonesia’s mining business. The Indonesian Government has recommended that PNG undertake an analogous method and implement a ban on uncooked material exports.
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Guests on the commencement included household and associates of the graduates, ExxonMobil personnel, and the workers at KPA. City and Guilds is a United Kingdom-based awarding physique for expertise growth. Since its inception in 2016, 186 trainees sponsored by ExxonMobil, Oil Search, Santos, and Kumul Petroleum Holdings have graduated from KPA. The academy has a three-year contract with Santos to offer training and is currently preparing to welcome the 10th cohort of ExxonMobil-sponsored trainees within the coming weeks. An progressive partnership between the Australian Government and PNG-based accreditation provider Paradais Review Services is set to ship six Papua New Guineans on a significant training program in South Australia. Over a two-week program, these people will practice as National Association of Sustainable Agriculture Australia Organic Inspectors and Food Safety Management System Auditors in Adelaide.
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Indonesia injects $4.2b into sovereign wealth fund to get big projects rolling The injection is a half of the government’s plan to inject Rp 75 trillion ($5.3 billion) into the sovereign wealth fund this 12 months to finance infrastructure, tourism and technology tasks. The Papua New Guinea Tourism Promotion Authority formally launched the Enga Cultural Festival on Friday 9th August in Wabag, Enga Province. The competition, renowned for celebrating the wealthy culture of Enga Province, marked a big milestone this year with its thirtieth Anniversary. Honourable Sir Peter Ipatas, Governor of Enga Province, expressed his gratitude for TPA’s continued support.