AGP Executive Report
Last update: 5 hours agoFuel & pricing pressure: PNG’s fuel is “secure” for now, but officials are warning businesses to plan for a worst-case scenario, including possible rationing, as Middle East risks could push crude toward US$200 and keep prices elevated into 2027; the ICCC says recent pump instability was driven by delayed subsidy reimbursements, and it is now cracking down on any service stations/PMVs that try to charge above approved ceilings. Telecom leadership: Digicel Pacific has appointed Tim Bryson as Group Head of External Affairs, aiming to strengthen government relations across Australia, PNG and Pacific markets. Connectivity gap: Australia’s Pat Conroy says affordable internet remains out of reach for over 80% of people, arguing connectivity could lift growth and jobs. Blue economy push: PNG plans a 200,000 sq km “no-take” marine sanctuary in the Bismarck Sea to protect a western Pacific “marine highway.” Mining momentum: PNG is also watching the global deep-sea mining rush after US moves to fast-track permits—while PNG continues to tighten enforcement on gold smuggling at Jacksons International Airport. Industry & investment signals: Bougainville Copper appoints a permanent CEO; Marape backs forestry downstream processing via PNG Diwai Holdings; and Newmont Lihir Gold reports a record K852m corporate tax payment to the IRC.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
Perspectify News
