AGP Executive Report
Last update: 35 minutes agoEnergy & Development: East Timor has started construction of a major solar power plant and energy storage project in Manatuto, a $107 million joint venture between EDF and Itochu, expected to cut fuel-import spending by about $25–$30 million a year and supply roughly 30% of electricity demand by 2028. Economy & Investment Climate: President José Ramos-Horta urged foreign firms to be “adventurous” and take risks as Timor-Leste opens up its economy, saying investors should not wait for perfection. Regional Diplomacy: At the ASEAN Foreign Ministers’ meetings in Manila, the U.S. reiterated it “will never abandon” ASEAN partners and warned that any Iran move to control tolls in the Strait of Hormuz would set a dangerous precedent. Governance: The Council of Ministers in Dili met on July 22, with updates including outcomes from a UN local government reform conference and an official visit to Portugal.
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