AGP Executive Report
Last update: 10 hours agoProperty & Retail Investment: Baosen International Holdings is pushing ahead with its $PGK4bn “Baosen China Town” mixed-use plan in Port Moresby’s Five-Mile, with a first phase of about 90,000 sqm of retail space and later towers, apartments and a five-star hotel, marketed under PNG’s Special Economic Zone framework. Mining & Exploration: K92 Mining says it will ramp up exploration investment by up to K150m, reporting strong drill results at the Arakompa project near the Kainantu processing plant. Energy & Industry Governance: PNG CORE has appointed Richard Kassman as executive director, aiming to strengthen policy advocacy for sustainable resource and energy development. Macroeconomy & Fuel Costs: The Bank of Papua New Guinea is monitoring an oil supply shock linked to Middle East conflict and says it may take policy actions if inflation pressures build, while fuel price relief keeps June pump prices steady. Tourism Policy: PNG’s tourism authority rejects the new international “Green Fee”, saying it was introduced without consultation and could hurt visitor growth. Sustainability & Finance: PNG’s Green Finance Summit 2026 drew 240 delegates and generated new investment commitments, as PNG pushes greener financial systems. Coral Triangle LNG Cover: Insure Our Future says most major insurers still haven’t ruled out LNG support in the Coral Triangle, despite biodiversity concerns. Infrastructure & Services: Marape led a delegation to Kikori ahead of the Papua LNG Development Forum, while Central Province’s National Volunteer Service prepares to deploy volunteers to support agriculture and SMEs. Digital & Hospitality: Daltron highlights long-running ICT support for PNG’s digital transformation, and Coral Sea Hotels Group rolls out Shiji’s Daylight PMS, with Gateway Hotel in Port Moresby the first PNG property to implement it.
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