AGP Executive Report
Last update: 11 hours agoPNG LNG Update: Prime Minister James Marape says Papua LNG is moving toward Final Investment Decision, with an FID “sunset” of 15 December 2026 and government working through landowner and provincial processes, while ExxonMobil’s role is expected to strengthen project synergy. Banking & Payments: Bank South Pacific reassured customers that replacing old Kundu magnetic stripe cards with new chip-enabled cards won’t affect balances, though some interoperability issues at other banks’ EFTPOS/ATMs are still being fixed. City Management: NCDC called for stronger municipal management and better service delivery in Port Moresby, stressing predictable approvals and compliance for investors as the capital enters a new growth phase. Energy & Infrastructure: NEOS Advisory outlined a practical framework for turning around electricity, water and gas utilities by restoring management control, commercial discipline and reliable data. Social Protection: UN DESA says social protection coverage in Pacific SIDS—including PNG, where coverage is below 30%—must be strengthened to reduce poverty and improve resilience to shocks. Health (Regional): Fiji declared a national HIV emergency after UNAIDS data showed infections rising 12-fold over 15 years, prompting expanded testing and treatment. Business & Trade (Regional): PNG-India Business Council president Mahadevan Shankar urged PNG to build an India gold export pipeline, citing India’s large gold market and past interest in PNG supply. Creative Economy: PNG Fashion Week 2026 opened in Port Moresby with a focus on fashion, business and tourism, positioning the event as a platform for jobs and market links.
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.