AGP Executive Report
Last update: an hour agoPort Infrastructure Boost: ICTSI South Pacific invests PGK 8.1m in new equipment to expand and speed up Lae port handling, adding reach stackers, empty container handlers and terminal trucks, with more upgrades planned for Motukea and SPICT. El Niño Hits Livelihoods: Coffee growers in the Highlands say prolonged dry weather is stopping berries from ripening, while farmers seek water support as climate stress spreads across PNG agriculture. Roads Driving Growth: Prime Minister James Marape links PNG’s economic push to new and upgraded highways, saying connectivity is what turns infrastructure into market access for farmers and services for communities. Sports & Finance Deal: Bank South Pacific signs on as Principal Foundation Partner of the PNG Chiefs, taking front-of-jersey naming rights through at least 2030 and also becoming the club’s official banking partner. Mining Ownership Shift: St Barbara sells its New Simberi gold project in PNG to China’s Lingbao Gold Group for $410m, with St Barbara keeping royalties on future production. Telecom Expansion: Digicel PNG and Vodafone PNG agree to share tower infrastructure to cut duplication and accelerate network reach nationwide. Women in Maritime: PNGWIMA completes leadership training to strengthen governance and advocacy for women in PNG’s maritime sector. Papua LNG Tensions: Central Province rejects a proposed revenue split for Papua LNG, demanding a more near-equal benefits share as negotiations continue. Agribusiness Skills Gap: Agro experts highlight opportunities in goat and sheep farming, but stress the need for more practical expertise and training. ADB Funding Snapshot: ADB says it has committed US$5.4b to PNG since 1971 through loans, grants and technical support, including work on agriculture, education, water and sanitation.
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