AGP Executive Report
Last update: 3 hours agoASEAN Integration: Timor-Leste Prime Minister Xanana Gusmão arrived in Manila on Nov. 14 for the regional summit, where leaders are expected to discuss energy security and economic cooperation. ASEAN has also concluded a digital economy agreement covering trade, data flows and electronic payments, creating new opportunities for regional businesses. Investment: Timor-Leste is seeking Malaysian partnerships in agriculture, agro-processing, infrastructure, energy, manufacturing and digital services, alongside skills and education links. Energy Security: ASEAN’s planned oil-product stockpiling scheme could launch in 2027, with storage in Indonesia and Thailand; Timor-Leste is considering joining. Mining: Estrella Resources’ Werumata limestone study projects a US$1.45 billion after-tax net present value. The company targets a 2027 investment decision and says first production could begin in 2028. Offshore Development: Finder Energy is nearing a decision on the Kuda Tasi and Jahal project off Timor-Leste, with Singapore’s PaxOcean reportedly leading the bid to refurbish its production vessel.
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