AGP Executive Report
Last update: 3 hours agoFinancial Sector Reform: Timor-Leste’s National Parliament approved the General Framework for the Financial System and Banking Activities (Law Proposal No. 22/VI), updating the 2000-era rules and boosting the Central Bank’s regulatory, supervisory and enforcement powers, including new resolution and deposit insurance funds plus stronger anti–money laundering and consumer protection. Energy & Oil & Gas: Sunda Energy says it has held clarification meetings with Timor-Leste’s upstream regulator ANP and Timor GAP after reports of a possible PSC termination tied to the Chuditch discovery, while it evaluates next steps for the planned Chuditch-2 appraisal well. Oil & Gas Development: Finder Energy received Timor-Leste ANP approval for the Kuda Tasi and Jahal Project FDP, moving the joint venture toward final investment decision after planned FPSO redevelopment, subsea wells and infrastructure. Agriculture & Food Supply: Dili Dairy Factory has resumed production and returned to the market at full capacity after internal work, strengthened production control and independent lab testing with no non-compliances reported. Regional Trade & Skills: Vietnam says it’s ready to share experience with Timor-Leste ahead of ASEAN chairmanship, with cooperation opportunities flagged in agriculture, food security, digital transformation, tourism and investment promotion. Fisheries Compliance: A fisheries officer exchange between Papua New Guinea and Timor-Leste focused on compliance, monitoring and enforcement to help tackle illegal fishing across the region.
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