AGP Executive Report
Last update: an hour agoAviation & Connectivity: PNG Air says it is expanding its fleet and network, adding new aircraft (including the Mangi Kutubu) while phasing out Dash 8s as it targets stronger on-time performance and better links for remote communities. EU Investment Push: Prime Minister James Marape opened the 5th EU–PNG Business Forum in Port Moresby, urging European firms to back PNG’s shift toward downstream processing and value-added growth across sectors like agriculture, renewables, fisheries, digital and infrastructure. Water Infrastructure Deal: The forum also backed a major drinking-water package: EIB Global’s €25m concessional loan plus an EU grant to help Water PNG deliver reliable potable water to an extra 400,000 people. Green Finance Implementation: PNG launched new green finance standards and tools, including updated green loan classification and reporting rules, plus a Green Finance Academy, as the central bank pushes practical rollout. Exports & Macroeconomy: Treasurer Ian Ling-Stuckey says PNG export earnings hit a record K51b since 2022, citing IMF-backed stabilisation and improved fiscal control. Governance in Energy: Kumul Petroleum Holdings launched a governance overhaul under new chairman Isaac Lupari, focusing on transparency in approvals, procurement, disbursements and stakeholder support. Tech & Skills: Remington Technology and Don Bosco Technical School renewed a 2026 MOU to expand structured on-the-job training, while CEFI graduated digital financial literacy trainers to drive inclusion. Legal/Policy Tension: The Opposition asked the government not to pursue the Kroton SPV, pointing to pending court interpretation and potential contempt concerns.
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