AGP Executive Report
Last update: an hour agoLNG Equity Clash: Papua New Guinea’s Parliament erupted over the PNG LNG “Kroton” 4.27% equity dispute, with PM James Marape saying the arrangement is policy from the 2009 Umbrella Benefits Sharing Agreement—not an entitlement by law—while the Opposition questions why Cabinet renegotiated the US$240m-per-1% price and warns about a Special Purpose Vehicle. Green Finance Push: PNG launched a US$63.4m Green Climate Fund project to protect forests and fund community livelihoods, while the IMF says PNG’s green finance reforms under its RSF programme are strengthening climate resilience and long-term sustainability. Banking Standards: The Bank of Papua New Guinea is rolling out new green loan standards, training banks on classifying green loans and managing environmental and social risks. Connectivity for Growth: Telikom is now an authorised Starlink reseller, offering managed satellite internet for government, mining, finance and SMEs. Trade & Investment Links: PNG is set for an EU–PNG Business Forum in Port Moresby on June 2-3, aiming to deepen EU trade and investment ties. Regional Business Agenda: The Quad’s new agenda highlights ports, cables and minerals, including a port push in Fiji. Local Value-Add: New Ireland signed an MoU to set up an onshore balsa processing factory and mill, targeting major local jobs and export-ready timber. Health Leadership: Governors launched the 2026-2030 Governors Ending Malaria coalition to cut PNG’s malaria burden by 2035.
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