AGP Executive Report
Last update: 7 hours agoPapua LNG: The US$14.5 billion project is targeting a December 15 final investment decision, with agreements advancing. Environmental law group CELCOR warns the pipeline could affect 27 threatened species, including the rare Bulmer’s fruit bat. Power and Business: Repeated blackouts and load shedding are disrupting Lae businesses and essential services. A K236.7 million transmission upgrade is planned, but generation and distribution problems also need attention. Digital Finance: TISA Bank is expanding its YumiPei wallet and remote banking options to make everyday transactions easier, including for people far from branches. Connectivity and Tourism: Vodafone has opened a retail store in Alotau, while Heli Niugini is exploring scenic flights and charters to connect visitors with remote destinations. Fisheries: PNG’s tuna industry is working to improve crew welfare and meet overseas sourcing standards as markets demand more responsible practices. Investment Climate: Parliament plans to investigate foreign-exchange shortages and PNG’s FATF grey-listing, assessing their causes and effects on business and investment.
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