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 (Law Proposal No. 22/VI), replacing the 2000 framework and expanding the Central Bank’s regulatory and enforcement powers, including new Resolution and Deposit Insurance Funds, plus stronger anti–money laundering and consumer protection rules. Diplomacy & Regional Ties: Vietnam inaugurated its fully operational, centralised embassy office in Dili, with officials saying it will support cooperation across agencies, localities and businesses as Timor-Leste deepens ASEAN integration. ASEAN Cooperation: Vietnam also told Timor-Leste it is ready to share experience ahead of Timor-Leste’s future ASEAN chairmanship, highlighting plans for work on agriculture and food security, digital transformation, tourism, connectivity and investment promotion. Tourism & Mobility: A Singapore fuel company Global Group has begun building its first fuel storage terminal in Timor-Leste, aiming to strengthen supply and expand its role in the onshore fuel market. Public Policy: Timor-Leste’s visa-free access news also continues to circulate regionally, with Germany listing Timor-Leste among countries eligible for visa-free short stays in 2026.
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