AGP Executive Report
Last update: an hour agoFootball & Talent: Hekari United striker Jack Kema is profiled as a beach-discovered finisher, now starring as Hekari chase Oceania Champions League glory and open the Club World Cup in Abu Dhabi. Vanilla Market Pressure: The global vanilla trade remains stuck in oversupply and historic price lows despite recent tariff relief, with more large crops expected in 2026 and no coordinated mitigation plan in key producing areas including PNG. Governance & Transparency: NEFC joined stakeholders to validate PNG’s National Right to Information policy, backed by the EU, aiming to improve access to public information. Budget Reality Check: A K30.9b budget is flagged for an implementation crisis, with cash-flow delays and execution gaps undermining delivery of services. Digital & Accountability: The Bilum Digital Platform is presented as a way to make SIP spending traceable and improve oversight. Education & Connectivity: UPNG’s Starlink and AI-focused IT programmes are set to expand learning access beyond Port Moresby. SME Growth: A young entrepreneur’s neem-based hair and skincare brand lands a retail partnership with City Pharmacy. Mining & Finance: Newmont received LunR Royalties shares via a dividend-in-kind, lifting its beneficial ownership stake. Compliance Warning: Faith-G Credit Finance is reported as not licensed by PNG’s Securities Commission. Infrastructure: Kagamuga Airport in Mt Hagen moves into runway upgrades to position the Highlands as an agriculture export hub for Asia-Pacific. Trade & Diplomacy: India and PNG reviewed bilateral cooperation across development, economic ties and Indo-Pacific issues in virtual Foreign Office Consultations. Sports Infrastructure: Kalabond Oval redevelopment in East New Britain is about 60% complete, targeting elite rugby league readiness.
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