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AGP Executive Report

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Financial Reform: Timor-Leste’s National Parliament has approved Law Proposal No. 22/VI (2nd), creating a new general framework for the financial system and banking activities, boosting the Central Bank’s regulatory and enforcement powers, setting up a Resolution Fund and Deposit Insurance Fund, and strengthening rules to prevent money laundering and terrorist financing. Oil & Gas Development: Finder Energy received Timor-Leste ANP approval for the Kuda Tasi and Jahal Project field development plan, paving the way toward final investment decisions after a phased plan built around redeploying the Petrojarl I FPSO and drilling subsea production wells. Fuel Storage Investment: Singapore’s Global Group started construction of its first Timor-Leste fuel storage terminal in Liquica, a US$10m tank farm designed to store millions of litres of diesel and petrol and support its retail, wholesale, and supply to ports and naval vessels. Food & Industry Restart: Dili Dairy Factory resumed production and says it is returning to the market at full capacity after internal upgrades, independent lab testing, and additional inspection reviews. Regional Fisheries Compliance: A fisheries officer exchange between Papua New Guinea and Timor-Leste focused on improving compliance and enforcement, including port inspections, vessel monitoring, catch documentation, and integrated monitoring systems to tackle illegal fishing.

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.

AGP Wire

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Jun. 25, 2026

Timor-Leste sees ASEAN accession as growth turning point

AGP

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Jul. 1, 2026

Influential Women spotlights energy executive Shara Patricia Ciravolo Fesser

AGP

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Jul. 7, 2026

Influential Women honors Shara Patricia Ciravolo Fesser for global enterprise leadership

AGP


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Sunda Energy applies for offshore Taranaki Basin exploration permit

Sunda Energy applies for offshore Taranaki Basin exploration permit

Singapore fuel distributor Global Group doubles down on Timor-Leste with US$10 million oil terminal

Singapore fuel distributor Global Group doubles down on Timor-Leste with US$10 million oil terminal

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Jun. 25, 2026

Timor-Leste positions for growth as ASEAN accession marks strategic turning point

EIN Presswire

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11 hours ago

National Parliament Approves the General Framework for the Financial System and Banking Activities

Government of Timor-Leste

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Jun. 8, 2026

Timor-Leste Celebrates National Sea Day and Ocean Week 2026

Government of Timor-Leste

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May 14, 2026

Minister of Trade and Industry Highlights Timor-Leste’s Commitment to Regional and Global Economic Integration at the 2026 ADB-World Bank Trade Forum

Government of Timor-Leste

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May 7, 2026

450 remote villages now connected: Starlink powers Timor-Leste digital transformation and government reform

EIN Presswire

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