{"id":65711,"date":"2026-07-03T07:12:59","date_gmt":"2026-07-02T23:12:59","guid":{"rendered":"https:\/\/sgbuzz.com\/?p=65711"},"modified":"2026-07-03T07:12:59","modified_gmt":"2026-07-02T23:12:59","slug":"singaporean-investment-opportunities-in-timor-leste","status":"publish","type":"post","link":"https:\/\/sgbuzz.com\/?p=65711","title":{"rendered":"Singaporean investment opportunities in Timor-Leste"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">DILI \u2013 When Julian Chiang landed in Timor-Leste in 2012, the Singaporean was shocked to see chickens and cows on the runway at the airport.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">But after several days travelling around the capital Dili, he<!-- --> felt the city had potential for businesses.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">More than a decade later, the oil and gas firm where Chiang works as a director now supplies diesel, petroleum and bitumen to various projects in the country. Global Group \u2013 which was founded in Singapore and has a presence in other countries in the region \u2013 now also owns nine petrol stations in Timor-Leste.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Speaking to The Straits Times on July 2, Chiang said: \u201cIf you look at the country, there\u2019s a lot of potential for investment.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">\u201cThis country has potential in construction, agriculture \u2013 having been an agrarian-based society \u2013 and tourism, with the nice beaches.\u201d<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Chiang, 57, who is one of about 50 to 60 Singaporeans based in Timor-Leste, met Prime Minister Lawrence Wong during an overseas Singaporean reception on July 2. The event was held at Palm Springs Hotel Dili during PM Wong\u2019s two-day visit to Timor-Leste.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">PM Wong, <a href=\"https:\/\/www.straitstimes.com\/singapore\/politics\/lawrence-wong-to-make-first-ever-visit-by-singapore-pm-to-timor-leste-from-july-2-to-3?ref=inline-article\" rel=\"noopener\" class=\"gap-x-04 items-center inline text-primary-60 select-auto\" aria-label=\"link\" target=\"_blank\" data-testid=\"custom-link\"><span class=\"font-body-baseline-regular inline\" data-testid=\"paragraph-test-id\">the first Singapore prime minister to visit Timor-Leste,<\/span><\/a> arrived on July 2, ahead of his meetings with Timor-Leste President Jose Ramos-Horta and Prime Minister Xanana Gusmao on July 3.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">In a Facebook post, he said he was looking forward to building cooperation between the two countries. Timor-Leste officially became ASEAN\u2019s 11th member state on Oct 26, 2025.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Chiang, who is president of the Singapore community association in Timor-Leste involved in bringing Singaporeans living in the country together, said the Singaporeans are involved in a range of fields, including food and beverage, scrap metals and education.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">He<!-- --> shuttles<!-- --> between the two countries as his family is in Singapore, but spends the majority of his time in Timor-Leste.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Speaking at the reception, Singapore Ambassador to Timor-Leste Teo Lay Cheng said Singapore enjoys \u201cvery strong brand equity\u201d in Timor-Leste as a result of how Singaporeans, including business owners, professionals, volunteers and missionaries, portray the values and ethos of Singapore.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Teo is the first resident ambassador to be appointed from Singapore to Dili. She took on the role in April 2026 and her appointment followed the establishment of Singapore\u2019s resident embassy in the city in April 2024.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Among those who are looking to tap the opportunities available in Timor-Leste is Yap Kok Cheng, executive chairman and chief executive of Singapore firm Qian Hu, which is involved in ornamental fish business and aquaculture.<\/p>\n<figure class=\"landscape inline-media-wrapper\" data-testid=\"inline-media-test-id\">\n<div class=\"flex flex-col items-start relative w-fit\"><picture><source media=\"(max-width: 480px)\" srcset=\"https:\/\/cassette.sphdigital.com.sg\/image\/straitstimes\/a1b82e9ce98931f63f3396a46bd393536dfc1c6d8150c133a40324cd79b860f7?w=480\"\/><source media=\"(min-width: 481px) and (max-width: 720px)\" srcset=\"https:\/\/cassette.sphdigital.com.sg\/image\/straitstimes\/a1b82e9ce98931f63f3396a46bd393536dfc1c6d8150c133a40324cd79b860f7?w=720\"\/><source media=\"(min-width: 721px and max-width: 3999px)\" srcset=\"https:\/\/cassette.sphdigital.com.sg\/image\/straitstimes\/a1b82e9ce98931f63f3396a46bd393536dfc1c6d8150c133a40324cd79b860f7?w=900\"\/><source media=\"(min-width: 4000px)\" srcset=\"https:\/\/cassette.sphdigital.com.sg\/image\/straitstimes\/a1b82e9ce98931f63f3396a46bd393536dfc1c6d8150c133a40324cd79b860f7\"\/><img decoding=\"async\" src=\"https:\/\/cassette.sphdigital.com.sg\/image\/straitstimes\/a1b82e9ce98931f63f3396a46bd393536dfc1c6d8150c133a40324cd79b860f7\" alt=\"Prime Minister Lawrence Wong and Foreign Minister Vivian Balakrishnan taking a group photo with Singaporeans based in Timor-Leste on July 2.\" class=\"aspect-landscape flex items-start shrink-0 object-cover landscape article-landscape mobile:w-auto tablet:w-auto\" data-testid=\"image-test-id\" loading=\"lazy\"\/><\/picture><\/div><figcaption class=\"mobile:mx-16 tablet:mx-00 py-16 desktop:pb-24\">\n<p class=\"font-eyebrow-baseline-regular inline text-secondary\" data-testid=\"inline-media-caption-test-id\">Prime Minister Lawrence Wong and Foreign Minister Vivian Balakrishnan taking a group photo with Singaporeans based in Timor-Leste on July 2.<\/p>\n<p class=\"font-eyebrow-baseline-regular inline text-placeholder\" data-testid=\"inline-media-credit-test-id\"> <!-- -->ST PHOTO: MARK CHEONG<\/p>\n<\/figcaption><\/figure>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">The company recently began a joint venture with a Timorese company to tap the country\u2019s rich resources in the sea. Yap, 48, who is based in Singapore, was in Dili to finalise details of the venture.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">Said Yap: \u201cMoving into Timor-Leste actually offers us good solutions where it is an untapped market, it is next to a wide, vast sea, and because it just joined ASEAN.<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">\u201cWe believe that we have the first-mover advantage coming into this industry, <!-- -->tapping<!-- --> the untapped market, sending the sea catch to markets in Malaysia, Singapore and Thailand.\u201d<\/p>\n<p class=\"text-primary font-tertiary-body-baseline-regular\" data-testid=\"article-paragraph-annotation-test-id\">In the longer term, the company aims to use its expertise in aquaculture, or the growing of fish, to bring in the technology to help develop fish farming in Timor-Leste.<\/p>\n<\/div>\n<p><br \/>\n<center><br \/>\n<br \/><a href=\"https:\/\/www.straitstimes.com\/singapore\/politics\/lots-of-investment-potential-from-fb-to-aquaculture-sporeans-find-opportunity-in-timor-leste\" target=\"_blank\" rel=\"noopener\">Read Full Article At Source <\/a><br \/>\n<center\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DILI \u2013 When Julian Chiang landed in Timor-Leste in 2012, the Singaporean was shocked to see chickens and cows on the runway at the airport&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":65712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[2611],"tags":[],"class_list":["post-65711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-headlines","wpcat-2611-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/65711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65711"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/65711\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/65712"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}