AGP Executive Report
Last update: 10 hours agoFuel & Cost Relief: PNG’s fuel subsidy will run to December, with Treasurer Ian Ling-Stuckey putting total support at about K1.5 billion after K801.4 million was already spent since April. Energy Skills & Training: PM Marape launched Unitech’s School of Petroleum Engineering in Lae, with the first Bachelor intake due in 2027, as PNG pushes to build local capability for oil, gas and energy. Solar Expansion: International Solar Alliance mission results in STAR-C training support at Don Bosco Technological Institute in Port Moresby to scale solar installation and maintenance skills. Mining Investment: Lloyds Metals & Energy has been cleared to begin preparatory works and feasibility for the 40-year-shuttered Panguna copper mine in Bougainville, reviving a major copper bet. Power for Telecoms: Polar Power says repeat orders are expanding solar hybrid systems across the Pacific, including 15 more Solomon Islands telecom sites and PNG shipments since 2024. Agriculture & Food Security: Farmers and water authorities brace for El Niño impacts, with PNG and Fiji warning of drought pressure on water and supplies. Governance & Finance: Central Bank governor Elizabeth Genia flags financial sector reforms aimed at stability, inclusion and restoring Kina convertibility. Industry & Business Climate: Marape used the PNG Investment Conference in Brisbane to urge Australian firms to “get entrenched” and expand beyond mining into infrastructure, agriculture, manufacturing and ICT. Public Health Enforcement: Authorities are urged to crack down on illegal street sales of prescription medicines, citing risks from misuse and antimicrobial resistance. Education Pipeline: PNG’s STEM scholarship programme has sent 470 students overseas since 2023, including a new group of 137 departing for further studies. Security & Crime: Police Minister Sir John Pundari warns illegal firearm possession after the amnesty ends on Sept 16 will carry life imprisonment, with tougher penalties sought for sellers and suppliers.
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