Timor-Leste

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.

Angola to have mobile payment system in 2019

29 November 2018

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.

Timor-Leste buys Shell’s stake in Greater Sunrise oil fields

22 November 2018

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.

Cabo Verde wants to achieve full mobility in the Community of Portuguese Speaking Countries

15 November 2018

Cabo Verde (Cape Verde) "will do everything" it can to ensure that the full mobility of citizens within the Community of Portuguese Speaking Countries (CPLP) space is guaranteed "as soon as possible," said the Cape Verdean President.

New Executive Secretary of the CPLP takes office on 15 December

15 November 2018

Portuguese ambassador Francisco Ribeiro Teles takes office on 15 December as the new executive secretary of the Community of Portuguese Speaking Countries (CPLP), said on Wednesday the Cape Verdean Minister of Foreign Affairs and Communities.

CPLP entrepreneurs call for free movement within the community of countries

14 November 2018

The Business Confederation of the Community of Portuguese Speaking Countries (CE-CPLP) hopes that during the Cape Verdean presidency of the organszation the issue of mobility will be overcome, said Jorge Spencer Lima, the outgoing vice president.

Timor-Leste Oil Fund reaches US$17.155 billion at the end of September

7 November 2018

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.

Portuguese-speaking countries hold talks on tourism in Macau

29 October 2018

More than thirty people on Friday concluded their participation in a colloquium on tourism management, conventions and exhibitions for Portuguese-speaking countries, according to Forum Macau.

Timor-Leste plans to tender new onshore oil exploration blocks

24 October 2018

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.

23rd MIF and 2018 PLPEX conclude with the signing of 75 protocols

22 October 2018

The 23rd Macau International Fair and the Exhibition of Products and Services of Portuguese-speaking Countries 2018 (Macau) ended on 20 October with the signing of 75 protocols, the Macau Trade and Investment Promotion Institute (IPIM) reported.

World Bank and Timor-Leste discuss new support programme

22 October 2018

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.

European Union finances Timor-Leste’s municipal roads

16 October 2018

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.

IMF improves forecasts for Timor-Leste’s economy in 2018

15 October 2018

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.

Natural gas will make Mozambique’s economy grow by 11.1% in 2023, IMF

11 October 2018

Mozambique's economy is expected to grow at a rate of 11.1 percent by 2023, by which time the exploitation of natural gas deposits in the north of the country is expected to have begun, according to the latest forecasts by the International Monetary Fund.

Trade between China and Portuguese-speaking countries exceeds US$82 billion from January to July

3 October 2018

Trade between China and the Portuguese-speaking countries grew 21.50% on year from January to July 2018 to reach US$82.149 billion, according to official Chinese figures released by Forum Macau.

ConocoPhillips sells stake in Greater Sunrise fields to Timor-Leste government

3 October 2018

ConocoPhillips has sold to the East Timorese government its 30% stake in the Greater Sunrise oil fields for US$350 million, the Houston-based oil company said.

China and Portuguese-speaking countries should take advantage of Macau platform, says secretary general of Forum Macau

27 September 2018

China and the Portuguese-speaking countries should take full advantage of the Macau platform, said the Secretary-General of the Permanent Secretariat of Forum Macau, who called for cooperation in the area of traditional Chinese medicine.

Trade between China and Portuguese-speaking countries grows 21.50% from January to July

20 September 2018

Trade between China and Portuguese-speaking countries reached US$82.49 million from January to July 2018, a year-on-year increase of 21.50%, according to official Chinese figures released by Forum Macau.

PLPEX 2018, in Macau, has a bigger area and more exhibitors

20 September 2018

The area dedicated to this year's edition of the Exhibition of Products and Services of Portuguese-speaking Countries (Macau), or PLPEX 2018, has been increased to 6,000 square metres, the Macau Trade and Investment Promotion Institute (IPIM) announced.

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