AGP Executive Report
Last update: 12 hours agoPapua LNG Push to FID: Prime Minister James Marape says Papua LNG is moving toward Final Investment Decision, with an FID sunset date of 15 December 2026 and government work focused on outstanding landowner and provincial processes, after TotalEnergies and ExxonMobil alignment on a unified operator approach. Banking Watch: Bank of Papua New Guinea has issued Bank South Pacific a formal warning over alleged anti-money laundering/counter-terrorist financing breaches, including concerns about how BSP handled payments involving a politically exposed person. Payments Update: BSP reassures customers that the Kundu chip-card upgrade will not affect balances, but says some EFTPOS/ATM rejections at other banks are linked to a pending interchange upgrade and is working on interoperability. City Management: NCDC calls for stronger municipal management in Port Moresby as the capital enters a new growth phase, stressing predictable approvals and regulatory processes for businesses and investors. Fisheries Deal-Making: PNG is urging a shift in tuna economics from raw extraction to fair partnership and more local processing, highlighting its East New Britain tuna hub initiative and Fisheries Capital Limited. Mining Drilling News: Adyton reports a 167m gold-copper intercept at Feni Island, while Tolu Minerals lifts the Tolukuma gold resource by 81% to 909,000 ounces as it plans a restart in early 2027. Utilities Turnaround Framework: NEOS Advisory outlines a practical approach to fixing electricity, water and gas distribution utilities by restoring management control, commercial discipline and reliable data. Independence Message: Milne Bay MP Ricky Morris urged locals to take ownership of resources and build local businesses as PNG looks beyond the 51st Independence celebrations.
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.