AGP Executive Report
Last update: 9 hours agoPNG LNG & Investment Pipeline: Prime Minister James Marape says a final investment decision on the US$14bn-plus Papua LNG project will be announced in November, while also expecting project agreements for Wafi-Golpu and Pasca A ahead of the 2027 election—key signals for PNG’s next growth phase. Energy & Cost Pressures: Treasurer Ian Ling-Stuckey confirms the fuel subsidy will run to December, with total support now estimated at about K1.5bn as pump prices rise. Visa & Mobility Policy: Marape floats visa reciprocity rules—matching visa-on-arrival access and fees based on how other countries treat PNG travellers—to boost tourism, investment and business travel. Digital Economy & Compliance: PNG opens public consultation on data protection, cybersecurity, and verifiable credentials laws, covering biometric safeguards and digital trust services. Banking Reform Focus: Bank of PNG governor Elizabeth Genia outlines reforms aimed at price stability, financial inclusion, Kina convertibility and system strengthening at the Business Advantage PNG conference. Tourism & Local Business: PNGTPA partners to revive a Port Moresby ferry to expand marine tourism products; BSP backs an upgrade of the iconic Kira-Kira Cricket Oval. Climate Stress on Daily Life: El Niño is forcing schools in parts of PNG to shorten hours and reduce outdoor activities, with water shortages already affecting some campuses. Legal & Corporate Watch: Paga Hill lawsuit advances after a procedural ruling, with appeal pending. Regional Environment Agenda: SPREP’s 5th Executive Board meeting in Samoa keeps climate, biodiversity and pollution work at the centre.
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