AGP Executive Report
Last update: 4 hours agoEnergy Revenue: Kumul Petroleum’s K400 million interim dividend takes its 2026 contribution to the state above K1 billion. The company has also announced US$1.1 billion in funding for Papua LNG, while PNG CORE says the revenue’s value will depend on how well it supports services and development. Industrial Investment: Pacific Lime and Cement’s plan for a 4,500-hectare industrial precinct and port near Port Moresby puts lime and cement production at the centre of a wider manufacturing and logistics vision. Digital Economy: PNG and Australia have agreed on a long-term telecommunications partnership, while NICTA says operators sharing infrastructure could reduce network costs and help extend coverage to remote areas. Economic Growth: Economists say non-resource growth has recovered since 2022, with GDP per person rising an average 2.3% a year through 2025, after falling during 2014–21.
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