AGP Executive Report
Last update: 9 hours agoFinancial Reform: Timor-Leste’s National Parliament has approved the General Framework for the Financial System and Banking Activities (Law Proposal No. 22/VI), updating the rules since 2000 and boosting the Central Bank’s powers, including a Resolution Fund, Deposit Insurance Fund, and stronger anti–money laundering and consumer protection. Scam Crackdown: Timor-Leste police say they have uncovered a major international scam operation in Dili, arresting hundreds of mainly Chinese and Indonesian nationals after raids on call-centre compounds, with charges including money laundering and illegal online gaming. International Relations: Vietnam says it will share experience with Timor-Leste ahead of the country’s ASEAN chairmanship in 2029, focusing on agriculture, digital transformation, tourism, connectivity, and investment. Regional Spotlight: A survey on Southeast Asia alignment shows modest movement toward China, with Timor-Leste at 58.2% support for Beijing. Sports: Cambodia beat Timor-Leste 3-1 in the AFF Women’s Cup opener, booking a semi-final spot.
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