AGP Executive Report
Last update: 2 hours agoOffshore Energy: Singapore’s PaxOcean is reportedly leading the bid to refurbish the Petrojarl I FPSO for Finder Energy’s Kuda Tasi and Jahal project offshore Timor-Leste. The contract is expected after a final investment decision, now due by November 30. Regional Integration: At next week’s ASEAN summit, leaders are expected to discuss Timor-Leste’s integration and its readiness to meet regional commitments, alongside energy and food security and supply-chain resilience. Infrastructure Finance: ADB estimates Southeast Asia needs $7.1 trillion in infrastructure investment through 2040, with a $264 billion annual funding gap—an important challenge for the region’s connectivity and energy networks. Skills and Technology: Timor-Leste and South Korea held a seminar on AI and digital skills in technical and vocational education, bringing together about 250 educators and officials. Industrial Development: South Korea agreed to support Timor-Leste’s plan to establish an intellectual property office, as the country seeks to grow agriculture and manufacturing beyond oil.
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