AGP Executive Report
Last update: 5 hours agoEnergy Revenue: Kumul Petroleum says its direct contributions to the State topped K1 billion in 2026, including K550 million in dividends and more than K480 million in tax. It also announced US$1.1 billion in Papua LNG funding and governance reforms. Fuel Retail: MRDC has bought six Mobil stations in Port Moresby and plans new outlets in Lae and Madang, expanding its downstream energy business. Telecommunications: Digicel and Vodafone activated their first shared tower in Minj, a step towards extending coverage without duplicating infrastructure. Digital Partnership: PNG and Australia signed a long-term agreement covering telecommunications, cybersecurity and digital services. Economic Growth: Economists estimate non-resource GDP per person grew an average 2.3% annually from 2022 to 2025, nearing boom-era growth after years of decline. Manufacturing: Pacific Lime and Cement received the first major shipment of kiln equipment for its planned quicklime plant at Port Kido.
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.
Perspectify News
