AGP Executive Report
Last update: an hour agoAviation & Connectivity: ATR has kicked off PNG Air’s fleet renewal with the first ATR 42-600 from a three-aircraft order, starting a plan to grow from five to 16 ATRs and retire older Dash 8s—while Cambodia Airways also takes its first ATR 72-600, signalling wider regional demand for reliable turboprop links. EU–PNG Trade & Investment: The 5th EU–PNG Business Forum in Port Moresby drew 300+ participants and 170+ B2B/B2G meetings, with PM James Marape pushing for a stable, predictable investment climate and sustainable growth. Digital Government Push: PNG DataCo signed major Morobe agreements to expand telecom access and roll out a cloud-enabled digital government platform, including an integrated ERP system to modernise services. Mining & Exploration: K92 Mining plans to invest up to K150m in exploration, citing strong Arakompa drill results as it ramps up the hunt for future resources. Central Bank Watch: The Bank of Papua New Guinea is monitoring oil supply shock impacts and says it may take policy action if inflation pressures build, while keeping the KFR at 5%. Climate-Resilient Growth: Australia-backed Climate FIRST support helped Morobe validate its climate-resilient green growth strategy, building a pipeline of bankable projects across agriculture, transport and water. Property Development: Baosen China Town is advancing a major Five-Mile mixed-use project, pitching retail, apartments, a five-star hotel and office towers through 2028. Environment & Community: Ok Tedi marked World Environment Day with 900+ tree plantings and sustainability initiatives, while SP Brewery donated operational tents to Highlands police for border and contraband monitoring.
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