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In support of small and medium enterprises within the tourism sector, the PNG Tourism Promotion Authority and the Ministry of Tourism, Art and Culture formally 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 emphasized the very important position of small businesses in the nation’s economic development in his keynote address, as he expressed gratitude to individuals for his or her contributions to the country’s progress. Namah mirrored on the necessity for economic independence, acknowledging the political basis laid by the country’s founding fathers.

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“Deeply embedded in our traditions and cultural practices, shell money also represented social status, and it was used in marriages, deaths, and other important ceremonies and occasions,” Genia explained. The arrival of colonisers marked a turning point in the nation’s economic historical past, resulting in the introduction of contemporary currencies on 19 April 1975. “These modern currencies served as both economic instruments and nationwide emblems of our independence and unity as a nation,” Genia noted.