Most international attention on Timor-Leste is directed at the fortunes of the Greater Sunrise hydrocarbon project but another sector has the ability to affect Timorese lives more directly. Coffee accounts for 90 percent of the country’s non-oil and gas export revenues but has the potential to play a much bigger role in rural development. Yet … Continue reading “Challenges but huge potential for Timorese coffee”
The Portuguese-speaking countries (PSCs) will play a key role in the future of Macau outlined in the Greater Bay Area (GBA) Plan of the Central Government of China.
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 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.
Macau’s Banco Nacional Ultramarino (BNU) is looking to increase support for the more than 40,000 small and medium-sized enterprises (SMEs) in the territory, said Carlos Cid Álvares, the bank’s chief executive told the Tribuna de Macau newspaper.
Trade between China and the Portuguese-speaking countries has increased 11-fold since Forum Macau was set up in 2003, and the Forum has played a “very important role” in Chinese globalisation, said China’s Deputy Minister of Commerce.
China’s direct investment in Portuguese-speaking countries has reached US$$50 billion, Macau Forum Secretary-General Xu Yingzhen said in an interview with local Portuguese-language newspaper Tribuna de Macau.
Business projects involving China and Portuguese-speaking countries have been receiving official Chinese funding, but the deepening of this cooperation in the “era” of the New Silk Road requires innovative financial mechanisms, the president of the Fund for Cooperation and Development between China and the Portuguese-speaking Countries said in Lisbon.
The Asian Infrastructure Investment Bank (AIIB), which includes Timor-Leste (East Timor) and Portugal among its members, intends to strengthen its intervention in Africa and South America, said the chairman of the financial institution based in China.
The business environment improved from 2016 to 2017 in all Portuguese-speaking countries, among which Cabo Verde (Cape Verde) was the best positioned and Angola the one that rose the most, according to the classification in the World Bank “Doing Business” report for 2018.
The economies of the Portuguese-speaking countries, with the exception of Mozambique, recorded slight gains in the Global Competitiveness Index 2017-2018, released last week.
The role played by Macau as a platform in the relationship between China and Portuguese-speaking countries is viewed with renewed interest by economic agents due to the establishment in the Special Administrative Region of the headquarters of the Fund for Cooperation and the “Belt and Road” initiative drawn up by the central government of China.
The two- or three-way relationship between China and the Portuguese-speaking countries will be in focus on 21 February, at an international conference due to be held in Lisbon where Macau’s role as a contact platform will be a central theme.
The analysis and dissemination of the opportunities offered by the official Chinese initiative of the New Silk Road for the Portuguese-speaking countries is the goal of a study group set up in Lisbon,…
Relations between China and the Portuguese-speaking countries were marked in 2016 by the 5th Ministerial Conference of Forum Macau, which reinforced the importance of the Special Administrative Region, the Chinese currency and industrial partnerships.
Smaller, though also more diversified: small economies of the Portuguese language world such as Guinea-Bissau and Cabo Verde have better growth prospects in 2016 than larger ones such as Angola that are more dependent on commodities.
The high level of the participants in the Forum Macau Ministerial ConferaThe high level of the participants in the Forum Macau Ministerial Conference 2016 is interpreted by analysts as a sign of the growing importance of the Portuguese language block in the international projection to which China is committed.ence 2016 is interpreted by analysts as a sign of the growing importance of the Portuguese language block in the international p…
The Ministerial Conference of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking countries that began on Tuesday in Macau, is the highest level of all previous conferences, which is a sign of the growing importance and complexity of this multilateral relationship.
Financial support from China to African countries where Portuguese is the official language (PALOP) amounted to S$22.6 billion between 2000 and 2014, half of which was directed to Angola, according to Chinese official figures cited in a study published recently.
“The Tale of the Timorese Coffee Farmer” – Timor-Leste’s booth at the 2015 Milan Expo – showcases one of the region’s main exports. This exhibition marks the country’s biggest international promotion event to date, representing a significant moment for the country’s ascension onto the world scene. Members of the Timorese government have visited Milan, and a permanent delegation has been established to help promote a country that remains, for the most part, completely unknown around the world.