AGP Executive Report
Last update: 5 hours agoSME Finance: Mama Bank has opened its Mt Hagen branch, backed by K1 million from Dei District to unlock up to K3 million in small-business loans. Informal operators can apply without formal business registration. Aviation Costs: The ICCC says it monitors Jet A-1 prices but does not set them, as airlines face pressure over domestic fares. Fuel: With direct subsidies being phased out, pump prices in Port Moresby rose K1 a litre to K5.90 from October 8. Papua LNG: Gulf and Central agreed to an 80:20 split of K6.606 billion in project benefits, setting a framework for royalties, equity, infrastructure and business opportunities. Mining: K92 Mining produced 49,776 ounces of gold equivalent in the third quarter at Kainantu, taking lifetime output past one million ounces. Bougainville trenching has also confirmed a copper-gold system near the historic Panguna mine. Renewables: Australian-backed solar projects in Oro and Bougainville are set to reach more than 66,000 people, including remote schools and communities.
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