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Banco Nacional Ultramarino (BNU) of Timor-Leste (East Timor) has launched the country’s first Visa debit and credit cards, the bank said.
Trade between China and the Portuguese-speaking countries rose 41.51% year-on-year in the January-May period to US$46.3 billion, according to official figures from China issued by Forum Macau.
The Fosun group has announced that it will use Portuguese-speaking countries to test a business model combining healthcare and financial services following acquisitions in Portugal, the group’s founder and chairman told Hong Kong newspaper South China Morning Post.
The availability of European funds to finance cooperation projects in Africa is large, but there is a lack of well-prepared projects, particularly in Portuguese-speaking African countries, according to the president of the Portuguese Development Finance Society (Sofid).
Trade between China and Portuguese-speaking countries recorded year-on-year growth of 40.41% from January to April, totalling US$34.172 million, according to official Chinese figures released by Forum Macau.
Construction of the port of Tibar, west of Dili, the capital of Timor-Leste (East Timor), led by Bolloré Ports, a division of French group Bolloré Transport & Logistics, was formally launched on Wednesday.
A meeting to raise awareness of economic and investment opportunities in Timor-Leste (East Timor) will take place on 16 June in Darwin, northern Australia, organised by TradeInvest Timor-Leste.
Sao Tome and Principe has appointed Gualter Vera Cruz as the representative to the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries, said Xu Yingzhen, the Secretary-General of the institution.
The Fund for Development Cooperation between China and the Portuguese-speaking Countries, which has been based in Macau since Thursday, is analysing 20 projects submitted by entrepreneurs in Portugal, Timor-Leste (East timor) and Brazil who are seeking financing for their implementation.
Representatives from the eight Portuguese-speaking member countries of Forum Macau will travel to Macau in search of Chinese partners and investments at the International Forum on Investment and Infrastructure Construction (IICF), on 1 and 2 June.
Trade between China and Portuguese-speaking countries reached US$23.97 billion in the first quarter of the year, an increase of 43.33% compared to US$ 16.72 billion in the same period of 2-16, according to figures from Forum Macau.
The first of three groups of government officials from Portuguese-speaking countries this year began a two-week training course in Macau on Monday given by the Macau Government Tourist Office (MGTO), according to official information.
Timor-Leste’s (East Timor’s) first electronic interbank system recently started linking the current infrastructure of the five commercial banks operating in the country to a network set up by Portuguese company SIBS.
Angola, Guinea-Bissau and Mozambique in Africa and Timor-Leste (East Timor) in Southeast Asia are the Portuguese-speaking countries enjoying preferential treatment under the new import rules approved by China.
Trade between China and the Portuguese-speaking countries reached US$14.844 million in January February, an increase of 32.64% compared to the same period of 2016.
The European Union will support Timor-Leste (East Timor) with a budget of 57 million euros over the next five years.
Cabo Verde (Cape Verde) from 16 to 18 June will host a meeting between businesspeople of the Community of Portuguese Speaking Countries (CPLP) and China under the theme “Promoting opportunities for economic cooperation between China and the Community of Portuguese Speaking Countries,” Cape Verdean investment agency Cabo Verde TradeInvest said onThursday. Ana Lima Barber also told the Inforpress news agency that the meeting is part of the framework to strengthen economic and business cooperation between China and the CPLP and aims to promote business opportunities in each country.
Timor-Leste’s application to the Asian Infrastructure Investment Bank (BAII) was approved by the Board of Governors of the institution and the country has been accepted as a potential regional member, the Timorese government said in a statement released recently in Dili.
São Tome and Príncipe was admitted on Wednesday as member of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau), announced the secretary general of the institution, Xu Yingzhen at the end of a meeting held in Macau.
The investment of Chinese companies in Portuguese-speaking countries totals US$50 billion and the value of contracts in these countries exceeds US$90 billion, said the Deputy Secretary-General of Forum Macau appointed by China.