AGP Executive Report
Last update: 11 hours agoFiscal Discipline: Prime Minister James Marape says Cabinet has ordered cuts to non-essential travel, conferences and programmes, as El Niño, high living costs and economic pressures strain public finances. Australia–PNG Ties: Ministers meet in Port Moresby to turn the Pukpuk Treaty into practical cooperation, including on trade, telecommunications and critical infrastructure. Education Costs: The Government will cover 70 per cent of fees for students under TESAS, with parents paying the balance; the HELP scheme may assist families unable to afford it. Energy Investment: Papua LNG’s Tier 1 agreement has been signed, with remaining benefit-sharing talks due in November, as ExxonMobil takes over as project operator. Capital Markets: Parliament has unanimously passed securities market legislation, which Marape says can channel domestic investment into the economy and support a K200 billion target by 2029–30. Business Partnerships: PNG LNG has joined the PNG Chiefs as a major sponsor, with plans for school engagement, mentoring and employment pathways alongside the team’s 2028 NRL launch.
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