AGP Executive Report
Last update: 5 hours agoNew Caledonia Finance Crunch: New government president Milakulo Tukumuli says the territory is in “cessation of payments” and warns of a possible full shutdown if about 13 billion Pacific francs (€109m) isn’t found by end-August, as officials try to mobilise “refoundation pact” funds. Cabinet Portfolios: Tukumuli has unveiled a “collegial” cabinet, assigning health, social protection and transport to key ministers, while Christopher Gygès takes on economy, tax, telecoms, customs, external trade and “food sovereignty.” Regional Politics: Tukumuli’s election reflects ongoing identity and status tensions, with Congress split after June provincial polls and his bloc holding the balance of power. Pacific Economy & Governance: The Oceania Football Confederation confirms it will meet Aug 12 to discuss FIFA’s proposed World Cup sell-off plan, with New Caledonia among the 11 member associations at the table. Mining & Capital Markets: Glencore has written down its Murrin Murrin nickel mine value to zero as it pursues an ASX secondary listing. Local Business/Investment: NVRO Metals appoints Jonathan Gill as Technical Advisor to the board ahead of its Oct 7 AGM. Environment & Enforcement: A Cape Town couple was fined R40,000 each over illegal possession and transport of 95 reptiles, including New Caledonian geckos.
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