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.
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.
Perspectify News
