AGP Executive Report
Last update: an hour agoEconomic Outlook: Updated figures show non-resource GDP per person grew by an average 2.3% a year in 2022–25, reversing a 1.1% annual decline in 2014–21. Mining: St Barbara has sold its remaining stake in Simberi, leaving the miner with a large cash balance and no need to fund the mine’s planned expansion. Fuel Retail: MRDC has signed agreements to acquire six Mobil stations in Port Moresby and plans new outlets in Lae and Madang. Public Finance: Kumul Petroleum has paid the Government a K400 million dividend to support the 2026 Budget and essential services. Spending: PM James Marape says agencies must cut non-essential travel, meetings and programmes as El Niño and living costs strain public finances. Trade and Industry: Marape opened the PNG–Australia Ministerial Forum, calling for stronger trade and investment ties, while Pacific Lime received its first major equipment shipment for a planned quicklime plant.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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