AGP Executive Report
Last update: 5 hours agoEnergy & Investment: TotalEnergies says it will lift fourth-quarter share buybacks to $2.5bn, raise dividends by more than 5% annually through 2030, and expects oil and gas output growth of 2–3% a year to 2030–35, with projects including Papua New Guinea. Labour Mobility: PNG’s PALM scheme keeps expanding, with 2,700+ workers in Australia (to July 2026) and estimated K236m remitted to families and communities between 2022 and 2025. Infrastructure & Jobs: Australia-PNG Defence cooperation is upgrading Moem Barracks in Wewak with new water and sewer systems, creating local jobs and training. Cocoa Industry Push: PNG generated over K1.8bn in cocoa export revenue in 2025 and targets K2bn, while a 2026–2035 cocoa plan aims to unlock downstream processing and up to one million jobs. Bougainville Value-Add: The Bougainville Chocolate Festival closed with calls to move beyond raw bean exports into local chocolate and cocoa powder production. Forestry Enforcement: Regional lawmakers and PNG leaders at the Asia Pacific Forests Crime Network urged tougher action against illegal logging networks, citing major gaps in PNG log export tracking. Tourism & Culture: PNG showcased traditional performances at the Hong Kong Travel Expo, with Air Niugini and the tourism authority promoting culture and eco-tourism. Construction Skills: Madang’s Northern Coastal Highway repairs are boosting local employment and women’s participation, with safety and environmental training built in. Media & Industry Skills: Westpac Pacific launched its Future Banker program for emerging banking staff in Fiji and PNG.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.