AGP Executive Report
Last update: 35 minutes agoOffshore Energy Contract: Fugro won a contract for offshore site characterization surveys supporting Timor-Leste’s Greater Sunrise and Bayu Undan gas developments, using geophysical, seismic and autonomous underwater vehicle work in deep waters over 3,000m, with mobilization planned for Q3 2026 and offshore operations in Q4 for about three months. Financial System 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 framework and strengthening the Central Bank’s supervision, adding resolution and deposit insurance funds, and tightening anti–money laundering and consumer protection rules. Diplomacy & Trade Links: Vietnam inaugurated its fully operational embassy office in Dili, positioning it as a bridge for agencies, localities and businesses as Timor-Leste deepens ASEAN integration. Scam Crackdown: Timor-Leste police uncovered a major international online scam operation, arresting hundreds of workers in Dili call-centre raids and charging them with money laundering, criminal association and illegal online gaming. Food & Industry: Dili Dairy Factory resumed production and returned to the market at full capacity after internal work, independent lab testing and quality inspections.
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