AGP Executive Report
Last update: 11 hours agoFinancial Reform: Timor-Leste’s National Parliament has approved the General Framework for the Financial System and Banking Activities, replacing the 2000 legal regime and strengthening the Central Bank’s powers on regulation, supervision and enforcement, while also setting up a Resolution Fund and Deposit Insurance Fund and adding new rules to prevent money laundering, terrorist financing, and protect consumers and depositors. Diplomatic Ties: Vietnam inaugurated its fully operational embassy office in Dili, with Timor-Leste officials attending, as both sides reaffirmed cooperation across agencies, localities and businesses and support Timor-Leste’s ASEAN integration. Regional Influence: A survey on Southeast Asia’s alignment shows Timor-Leste leaning more toward China than the US, with 58.2% choosing China if forced to align. Trade and Research: A fisheries-focused report highlights how fishers off Timor-Leste are building a clearer picture of small-scale catches and nutrition impacts, using a digital system that has logged more than 77,000 trips. Public Life: Germany’s 2026 visa-free list includes Timor-Leste for short stays, making travel planning easier for eligible visitors.
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