AGP Executive Report
Last update: 12 hours agoEconomic Growth: PNG’s non-resource economy grew by an average 2.3% per person a year from 2022 to 2025, close to the 2.8% boom-era rate, economists say. Digital Connectivity: PNG and Australia signed a partnership covering telecommunications, cybersecurity and digital services, with the aim of improving access and supporting PNG’s technology development. Industrial Investment: Pacific Lime and Cement has received more than half the equipment for its quicklime project at Port Kido and is preparing to install its first 600-tonne-a-day kiln. Energy Retail: MRDC has agreed to buy six Mobil stations in Port Moresby and plans new outlets in Lae and Madang, expanding its downstream energy business. Public Finance: Kumul Petroleum paid the Government a K400 million dividend to support the 2026 budget and essential services. Climate Pressure: East New Britain has begun drought measures as El Niño threatens water supplies, food gardens and household incomes.
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