AGP Executive Report
Last update: 6 hours agoMacroeconomy Watch: Westpac says PNG’s economy stayed resilient in the first half of 2026, tracking about 4.6% real GDP growth for 2026, backed by agriculture, industry and services, stronger resource earnings, and improved foreign exchange liquidity. SME Governance: Prime Minister Marape has ordered an independent audit of the SME funding programme after public allegations of mismanagement, while Opposition Leader James Nomane escalated calls for accountability over the alleged K200 million issue. Digital Infrastructure: Digicel PNG says its network has passed end-to-end 5G readiness testing, with peak speeds reported up to 1.2Gbps, setting up faster services for consumers and businesses. Connectivity for Services: The US is investing K131 million (US$30m) in satellite connectivity, including Starlink at the American Corner, aimed at boosting internet access for remote health facilities, schools and government offices. Resource Sector Focus: PNG Resources Week 2026 will spotlight customary landownership, national content, workforce development and nation-building beyond the next 50 years. Skills & Jobs Pipeline: PNGDF personnel completed automotive and carpentry training under the PNG-Australia partnership, building trade pathways and recognised qualifications. Health & Food Security Risk: El Niño is expected to hit agriculture hard, with FAO warning up to 85% of people dependent on farming could be affected, raising food security and health pressures. Local Value Chains: Kumul Organics expands into City Pharmacy retail to support rural coconut farmers through coconut oil skincare. Cross-Border Health: Jayapura Regional General Hospital says it is ready to become a PNG referral hub via a cross-border healthcare partnership. Trade & Markets: PNG’s coffee exporters report projected K9.7m in sales after Melbourne’s coffee expo, while the PNG–Fiji Business Council targets new market access for small businesses.
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