AGP Executive Report
Last update: 7 hours agoEnergy & Climate Readiness: PNG PM James Marape has ordered all provinces and districts to prepare for a possible extraordinary, prolonged dry season as El Niño develops, with Cabinet reviewing how funding channels can support local disaster mitigation. Renewables & Resilience: Forum SG Baron Waqa urged Pacific finance ministers to use worsening global conditions to strengthen regional resilience, citing conflict and energy pressures. Brewing & Local Industry: Heineken appointed Rafael Oliveira as CEO, and SP Brewery says its Lae upgrades (including solar) support net-zero goals while positioning for potential LNG-linked demand growth. Investment Pipeline: Business Advantage PNG’s Investment Conference (Brisbane, 10–11 Aug 2026) released its first program themes, including AI and productivity and an economic update. Critical Minerals Tech: US-backed work is pushing faster copper/nickel discovery in PNG using fine soil-particle methods, plus calls for US-PNG university exchanges and scaling recovery from mine waste. Bougainville Mining Shock: ABG revoked Bougainville Copper’s Panguna exploration licence and granted a new 25-year lease to Bougainville Minerals, escalating resource-sovereignty tensions. Finance Access: Nasfund launched mobile service booths powered by Starlink to deliver ID, statements, eligibility checks and updates directly to workplaces and remote communities. Agribusiness Expansion: Marape welcomed Malaysian interest in expanding oil palm, livestock and downstream processing, aiming for jobs and stronger food security. Biodiversity Funding: PNG secured Global Biodiversity Framework Fund approval for community-led conservation across 700,000 hectares in three Highlands provinces.
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