AGP Executive Report
Last update: 5 hours agoFinancial Sector Reform: Bank of Papua New Guinea launched “Empower Finance Kibung” to tackle financial abuse, build a voluntary code of practice, and push coordinated prevention and consumer protection across banks. Urban Growth & Sports Economy: NCDC is stepping up preparations for PNG’s 2028 NRL entry, with leaders saying Port Moresby must be “2028-ready” as urbanisation pressures mount. Government Payments Modernisation: DPMNEC rolled out an Electronic Funds Transfer system to replace cheque payments, aiming to improve efficiency and accountability in public spending. Customs Enforcement: PNG Customs warned businesses and individuals against illegal imports and smuggling after a major cigarette case, citing millions in taxes at stake and prosecution for offenders. Green Finance Push: BPNG urged faster implementation of green finance, while France committed K75 million to expand green lending and guarantees for SMEs, renewables and sustainable agriculture. SME & Jobs Skills: ITI signed new training MoUs in Lae to boost on-the-job experience, and a UPNG survey found many students already using AI for study and work prep. Bougainville Economic Control: ABG plans to award Panguna redevelopment licence to a Bougainville-owned mining company, linking resource control to economic independence. Local Business Spotlight: A woman entrepreneur launched her neem hair and skincare brand in-store at CPL, signalling growing support for women-led SMEs. Agriculture & Food Security: FAO and China’s ambassador discussed strengthening agricultural transformation, noting the sector’s huge role in livelihoods and GDP.
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.