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Timor-Leste

Supporting Office to the Permanent Secretariat of Forum Macau may become a Services Directorate

17 April 2019
The Macau government is considering a proposal to transform the Supporting Office to the Permanent Secretariat of Forum Macau into a Services Directorate, Teresa Mok, the Office's coordinator, said on Tuesday.

Timor-Leste takes control of the Greater Sunrise project

16 April 2019
An official delegation from Timor-Leste is signing a US$650 million purchase agreement in Singapore for two holdings that will give oil company Timor Gap a controlling stake in the Greater Sunrise consortium, according to official information.

Trade between China and Portuguese-speaking countries up 15.61% in January/February 2019

15 April 2019
The value of trade between China and the Portuguese-speaking countries reached US$23.583 billion in January/February 2019, an increase of 15.61% year-on-year, according to official Chinese figures released by Forum Macau.

São Tomé and Príncipe welcomes 300 entrepreneurs to an international meeting in July

8 April 2019
About 300 entrepreneurs are expected to head to São Tomé and Príncipe to attend the 14th business meeting for economic cooperation between China and the Portuguese-speaking countries next July, the organising committee said.

Greater Bay Area on Forum Macau agenda for 2019

28 March 2019
Forum Macau unanimously approved the work plan for 2019, which clearly states the need to increase cooperation with the Guangdong-Hong Kong-Macau Greater Bay Area (GBA).

Portugal and Timor-Leste sign new Strategic Cooperation Programme in July

22 March 2019
Portugal and Timor-Leste are due in July to sign a new Strategic Cooperation Programme (PEC) valid for the 2019/2022 period, according to a statement released after the meeting of the Council of Ministers of 20 March.

Portuguese-speaking countries showcased at Macau market

18 March 2019
A market focused on products from Portuguese-speaking countries and from Macau is due to be held on the Macau peninsula between 29 and 31 March, according to the Macau Trade and Investment Promotion Institute.

Timor-Leste plans to fund Greater Sunrise without resorting to Oil Fund

11 March 2019
Timor-Leste intends to fund development of the Greater Sunrise oil field project without using the funds in the country's Oil Fund, said Timor Gap chairman and CEO Francisco Monteiro.

Consortium wants a fourth telecom operator license in Timor-Leste

21 February 2019
Timorese consortium Ceslink has submitted a proposal to obtain a license as a telecommunications operator in Timor-Leste to the Dili government involving an estimated investment of US$21 million, according to Portuguese news agency Lusa.

Japan funds modernisation of airport in capital of Timor-Leste

14 February 2019
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.

Trade between China and Portuguese-speaking countries increases 25% in 2018 to US$147.354 billion

31 January 2019
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.

European Investment Bank opens Portugal’s SME credit line in Portuguese-speaking countries

29 January 2019
The European Investment Bank (EIB) and Portugal's Development Finance Corporation (Sofid) have signed an agreement to open a credit line of up to 12 million euros to benefit small and medium-sized Portuguese companies in Portuguese-speaking countries, the EIB said in a statement.

Timor-Leste’s non-oil economy expected to grow by 5.0% in 2019

29 January 2019
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.

Trade between China and Portuguese-speaking countries exceeds US$134 billion from January to November 2018

23 January 2019
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.

World Bank forecasts economic growth of 2.9% in 2019 for Angola

10 January 2019
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.

P24 electronic payment system start operating in Timor-Leste

19 December 2018
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.

Trade between China and Portuguese-speaking countries exceeds US$108 billion from January to September

17 December 2018
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.

New Executive Secretary of the CPLP takes office on Saturday

14 December 2018
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.

President of Timor-Leste vetoes changes to the oil operations law

12 December 2018
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.

Delegation of Forum Macau visits trilateral project in Timor-Leste

5 December 2018
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.
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