AGP Executive Report
Last update: 7 hours agoMobile Money Expansion: Digicel is set to grow CellMoni beyond fuel payments, partnering with Puma Energy and Victory 8 to onboard more hotels, apartments, and supermarkets across Papua New Guinea. Power Reliability: PNG Power (PPL) welcomed JICA support after inspecting the newly completed 132kV Singsing–Taraka transmission line in Lae, aimed at boosting reliability and grid resilience. Green Finance Push: PNG’s 2026 Green Finance Summit highlighted progress on inclusive green finance policy, climate-resilient investment tools, and the push to host major global policy reform later this year. Skills for Industry: Australia launched Pacific Australia Skills in PNG, building on APTC training to strengthen TVET pathways and employment links, including support for women and youth. Oil & Gas Sequencing: Prime Minister Marape reaffirmed plans to sequence major oil and gas projects to 2040, with P’nyang LNG tied to PNG LNG reaching FID and delivering a 63% state benefit share. Mining Governance: The Mineral Resources Authority (MRA) ended a four-year board vacancy with new directors sworn in, restoring oversight for PNG’s mining sector. Trade & Investment: PNG and China will host an inaugural Business Forum and Trade Expo in October (Oct 20–21) in Guangzhou to attract Chinese investment. Food & Retail: Crust by 77 opened in Port Moresby, adding brick-oven pizzas and fried chicken to the city’s growing food outlet scene. Finance Tech & Inclusion: Nasfund Contributors Savings and Loans Society (NCSL) says it will invest more in technology, cyber security, and financial literacy for growers in oil palm, coffee, cocoa and rice.
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