AGP Executive Report
Last update: 8 minutes agoEnergy & Investment: East Timor broke ground on a $107m solar power plant with energy storage in Manatuto, a joint venture between EDF and Itochu, aiming to cut fuel-import spending by about $25–$30m a year and supply roughly 30% of electricity demand by 2028. Open for Business: President José Ramos-Horta urged foreign firms to be more adventurous as Timor-Leste opens up its economy, pointing to opportunities for investors willing to take risks. Regional Trade & Diplomacy: At the ASEAN Foreign Ministers’ meetings in Manila, the U.S. reiterated it “will never abandon” ASEAN and warned that any move to control tolls in the Strait of Hormuz could set a dangerous precedent for global trade routes. ASEAN Expansion: ASEAN granted Türkiye full Dialogue Partner status, expected to deepen cooperation in trade, defense industry and energy with the bloc that now includes Timor-Leste. Passport & Mobility (Regional): Timor-Leste ranked 52nd on the Henley Passport Index 2026, with visa-free access to 65 destinations—useful for business travel planning.
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