AGP Executive Report
Last update: 11 hours agoPNG Superannuation: Comrade Trustee Services Limited says PNG’s retirement savings could jump from K25 billion to over K1 trillion by 2075 if governance and long-term investing stay on track. PNG LNG Contracting: ExxonMobil PNG awarded Wood a US$200m, five-year construction services deal for PNG LNG brownfield work across Hides, Caution Bay, ~700km of pipelines and related facilities, with 200+ Wood staff in-country. Mining Investment Push: Mining Minister Solan Loifa tells Chinese investors PNG is “open for business” but reforms must cut delays via a one-stop shop, extend exploration licences to five years and introduce retention licences—while protecting landowners and the environment. Bougainville Panguna Tensions: Bougainville President Ishmael Toroama and PM James Marape urge calm after attacks and arson at Panguna, with officials saying violence won’t stop the mine restart and that grievances must be handled through proper processes. Tax Refunds Pressure: Primary industries groups are seeking urgent action on long-outstanding GST refunds and credits dating back to 2018–2020, asking businesses to reconcile records with the IRC. Economic Outlook: Bank of Papua New Guinea forecasts growth moderating to 2.5% next year as El Niño and global energy shocks lift costs and inflation pressures. Market Upgrades: Australia backs Kokopo Market with PGK3m for solar security lighting, refurbished ablution facilities, waste improvements and governance support. Youth & Connectivity: New Ireland will engage 574 youths in primary and economic sectors with K1m support, while Ingram Micro expands secure connectivity distribution via AirBridge’s ARNI across PNG and the Pacific.
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.