AGP Executive Report
Last update: 4 hours agoUS Visa Bonds Go Permanent: The U.S. has made its refundable visa bond programme permanent for B1/B2 business and tourism applicants from 50 countries, with deposits now capped at US$20,000 (up from the pilot’s top of US$15,000) and fully refundable only if visa conditions are met. PNG Diplomacy Boost: Papua New Guinea is expanding its Pacific footprint with a permanent chancery in Vanuatu, following land support and funding commitments tied to deeper cooperation on climate, fisheries, agriculture and tourism. Energy Deal Watch: Operator change talks are heating up for Papua LNG, with TotalEnergies’ role potentially shifting toward ExxonMobil as legal and commercial steps are finalised. Local Jobs from Tourism Investment: Hotel Gilgal in Mt Hagen has opened after eight years of planning, creating 80+ jobs and adding international-standard accommodation to Western Highlands. Governance & Business Climate: A PNG minister says government aims to build an economy with fair competition, stronger consumer protection and investor confidence, using forums to tackle regulatory gaps.
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