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Mozambique has exceeded expectations in terms of global connectivity, according to the latest ranking by multinational DHL, in which Timor-Leste was the only Portuguese-speaking country included to increase competitiveness compared with the previous year.
The Japanese government is due to grant a loan of US$45 million to Timor-Leste (East Timor) next May for the refurbishment of part of Nicolau Lobato Airport in Dili, the Japanese International Cooperation Agency (JICA) said in a statement.
The value of trade between China and the Portuguese-speaking countries reached US$147.354 billion in 2018, an increase of 25.31% year-on-year, according to official Chinese figures released by Forum Macau.
The growth rate of the Timor-Leste (East Timor) non-oil economy is expected to be around 5.0% by 2019, after two years of political uncertainties that have negatively affected economic activity, according to a forecast from a mission of the International Monetary Fund (IMF) that visited the country from 14 to 25 January.
The value of trade between China and the eight Portuguese-speaking countries totalled US$134.981 billion in the January-November 2018 period, a year-on-year increase of 25.27%, according to official Chinese figures released by Forum Macau.
Angola is expected to post economic growth of 2.9% in 2019, up 0.7 percentage points from the June 2018 forecast, the World Bank said on Wednesday.
The fate of the Greater Sunrise gas project in Timor-Leste hangs in the balance after two of the main investors pulled out, selling their equity shares to the government of Timor-Leste.
Timor-Leste’s (East Timor’s) first electronic banking system, developed by Portuguese company Sociedade Interbancaria de Serviços (SIBS), will initially be used by two of the country’s five commercial banks, the Central Bank of Timor-Leste (BCTL) reported.
The value of trade between China and the Portuguese-speaking countries reached US$108.928 billion from January to September, a year-on-year increase of 21.22%, according to official Chinese data released by Forum Macau.
The new executive secretary of the Community of Portuguese Speaking Countries (CPLP), Portugal’s Francisco Ribeiro Telles, is due to take office on Saturday in Lisbon, according to an official announcement.
The President of Timor-Leste (East Timor) has vetoed a set of amendments to the oil operations law focused on financing the purchase of two holdings in the Greater Sunrise field consortium, the President said in a statement.
A Pacific-white shrimp mariculture project to be developed in Timor-Leste (East Timor) by Chinese company Yuan Long Ping High-Tech Agriculture Co. Ltd. has the capacity to produce 40 tonnes of shrimp per year, according to the Permanent Office of Forum Macau.
The Commercial Registry Information System (SIRC) will make the lives of citizens and businesses easier and improve the business environment in Cabo Verde (Cape Verde), Justice and Labour Minister Janine Lélis said on Monday in Praia.
The National Bank of Angola (BNA) intends to introduce payments through mobile telephony, and plans to put forward new legislation in 2019 to that effect, said BNA director Pedro de Castro e Silva in Luanda on Wednesday.
The East Timorese government has signed a US$300 million contract with Shell to buy the company’s stake in the Greater Sunrise oil field consortium, and will now hold a majority of the capital, Shell Australia said.
The accounting value of the Timor-Leste (East Timor) Oil Fund stood at US$17.155 billion at the end of September, according to information available on the central bank’s website.
The Timor-Leste (East Timor) government is due in 2019 to launch tenders for new onshore oil exploration blocks in the south of the country, the interim Minister of Oil and Mineral Resources announced on Tuesday in Dili.
The World Bank and the government of Timor-Leste (East Timor) are this this week due start a series of consultations to prepare the new partnership agreement for the next four years, a representative of the international institution said.
The European Union (EU) has providedUS$22.62 million for the maintenance and recovery of 44 kilometres of the Ermera and Liquica municipalities in Timor-Leste (East Timor), EU officials said.
The International Monetary Fund (IMF) has revised its forecasts for the economy of Timor-Leste (East Timor) and projects that non-oil GDP in 2018 could grow by 0.8% this year.