AGP Executive Report
Last update: 4 hours agoEnergy: Kumul Petroleum says its 2026 contributions to the State have topped K1 billion and announced US$1.1 billion in Papua LNG funding alongside governance reforms. MRDC has moved into fuel retail, acquiring six Mobil stations in Port Moresby and planning new outlets in Lae and Madang. Manufacturing: Pacific Lime and Cement has received more than half the equipment for its quicklime project, paving the way for installation of its first 600-tonne-a-day kiln. Digital Industry: PNG and Australia have signed a long-term ICT partnership, while Digicel Foundation and Cisco will offer digital-skills training to students and teachers at selected schools. Economic Outlook: Economists estimate non-resource GDP per person grew an average 2.3% annually from 2022 to 2025, nearing boom-era growth. Agriculture: El Niño has damaged food gardens and disrupted river transport, adding pressure on communities and supply chains.
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