AGP Executive Report
Last update: 2 hours agoSkills and Mining: Madang Technical College and Ramu NiCo signed an MOU to develop mining-focused courses and industrial training. Business Costs: The ICCC says it monitors Jet A-1 fuel prices but does not set them, as concern grows over domestic airfares. SME Finance: Mama Bank opened its Mt Hagen branch, backed by a K1 million Dei DDA partnership expected to unlock up to K3 million in SME loans; it is also urging women entrepreneurs to save and invest. Papua LNG: Gulf and Central agreed to an 80:20 split of K6.606 billion in project benefits, resolving a major dispute ahead of a targeted December investment decision. Mining: K92 produced 49,776 gold-equivalent ounces at Kainantu in the third quarter and passed one million ounces in cumulative output. Growth and Investment: An IMF staff-level deal could unlock about US$189 million for PNG. Australia-backed solar projects are expected to benefit more than 66,000 people in PNG and Bougainville, while plans to revive Garaina tea point to fresh agricultural potential.
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