AGP Executive Report
Last update: 11 hours agoPOMCCI Fuel & Kina Focus: At a Port Moresby Chamber of Commerce breakfast, senior economists pressed on the long-term sustainability of PNG’s fuel stabilisation, warning businesses and households to brace for cost pressures while discussing kina stability and growth opportunities. Grey Listing & Investment Readiness: In the same POMCCI push, speakers highlighted confidence around grey listing and pointed to major project opportunities, but stressed the need for firms to be ready for higher operating costs. Fuel Supply Calm, Subsidy Chaos: The ICCC says fuel supply is stable and recent hiccups were driven more by subsidy payment delays than import shortages, with aviation fuel also assured. Fuel Price Risk Still Looms: Economists urged planning for worst-case scenarios, including possible rationing if global supply tightens. French Partnership Momentum: PNG’s Marape is in France courting investors as talks near completion on the “green port” redevelopment of Rabaul, alongside renewable energy and green finance cooperation. Connectivity Push: Australia flagged a new digital push aimed at unlocking growth potential and jobs through better internet access. Mining Pipeline Updates: South Pacific Metals reported maiden drilling mineralisation at Ontenu NE, while Geopacific’s Woodlark DFS points to long-life gold economics. Women, Climate & Safety: Coverage also spotlighted how cyclones and climate shocks intensify violence against women, with evacuation centres often failing to protect.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.