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Timor-Leste

Trade between China and Portuguese-speaking countries falls for the second consecutive year

9 February 2017
The value of trade between China and Portuguese-speaking countries fell in 2016 for the second consecutive year, reaching US$90.874 billion, with an annual contraction of 7.72%, according to official figures released by Forum Macau.

China-Portuguese Speaking Countries Cooperation Fund will be based in Macau in 2017

26 January 2017
The installation of the headquarters of the Fund for Development Cooperation between China and the Portuguese-speaking Countries in Macau "is imminent," said on Wednesday in Macau the executive member of the Macau Trade and Investment Promotion Institute (IPIM), Glória Batalha Ung.

Chinese fund for Portuguese-speaking countries finances solar project in Brazil

26 January 2017
The Fund for Development Cooperation between China and Portuguese-Speaking Countries has approved funding for a solar energy project in Brazil and is "analysing half a dozen projects," said Wednesday in Macau the Deputy Director General of the fund's management department. Song Feng said that in addition to the two projects already approved for Angola and Mozambique, the project now approved for Brazil, which aims to eventually produce 200 megawatts of electricity, represents an investment of US$200 million, US$20 million of which will be provided by the Fund.

China-Portuguese Speaking Countries Cooperation Fund presented in Macau

20 January 2017
A presentation session of the China-Portuguese Speaking Countries Cooperation and Development Fund and the investment framework for investment in Portuguese-speaking countries is due to take place on 25 January in Macau, organised by the Macau Institute for Trade and Investment Promotion (IPIM). This session is co-organised by the Macau Economic Service, the Finance Services Bureau and the Macau Monetary Authority and support is provided by the Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese-Speaking Countries.

China-Timor partnership builds first skyscraper in Timor-Leste

18 January 2017
A Chinese-Timorese partnership plans to build the Timor Fortuna Center Plaza, a building with two towers of 17 floors each costing US$70 million in Dili, the capital of Timor-Leste (East Timor), said the director of Timorese group Li Tyen Development, Carmelita Pinto Lay.

Government to boost integration of Macau platform in the One Belt, One Road initiative

11 January 2017
The government of Macau will give new impetus to the integration of the service platform for trade cooperation between China and Portuguese-speaking countries in the "One Belt, One Road," initiative said the Secretary for Economy and Finance, Leong Vai Tac.

Promoting Macau as a platform is a priority for Echo Chan at Forum Macau

11 January 2017
The promotion of Macau as a platform in relations between China and the Portuguese-speaking countries is a priority for the newly appointed Deputy Secretary-General of Forum Macau, Echo Chan Keng Hong.

Australia and Timor-Leste negotiate to define boundaries of the Timor Sea

11 January 2017
Australia and Timor-Leste are engaged in the conciliation process to resolve disagreements between the two countries on boundaries in the Timor Sea, according to a joint statement issued by the two countries and the UN Conciliation Commission. The joint statement added that from 10 to 13 October 2016, the governments of both countries took part in a number of meetings convened by the Conciliation Commission, the parties agreed a set of measures to facilitate the process of reconciliation and to reach a permanent agreement on maritime boundaries in the Timor Sea.

Air Timor suspends links to Bali, blames Timor Leste Government

10 January 2017
Air Timor, which from Tuesday suspended its flights between Dili and Denpasar (Bali), has blamed the government of Timor-Leste for decisions that led to it losing US$3 million in 2016, the company said in statement in the Timorese capital. Specifically, the company said in a statement, the decision to grant a license to a third party to fly to Dili led to overcapacity on the route, occupancy rates of less than 50% and consequent daily losses of US$10,000.

Economist Echo Chan returns to Macau Forum as Deputy Secretary-General

9 January 2017
Economist Echo Chan Keng Hong was appointed, to represent the Macau Government, as the Deputy Secretary-General to the Permanent Secretariat of Forum Macau, according to an official statement issued by the Government Information Bureau.

Trade between China and Portuguese-speaking countries falls 8.44% from January to November

9 January 2017
Trade between China and Portuguese-speaking countries registered a year on year fall of 8.44% in the period from January to November, at US$83.230 billion, according to Chinese official figures released by the Macau Forum.

Exhibition of food from Portuguese-speaking countries open for another six months

30 December 2016
The Special Exhibition of Food Products from Portuguese Speaking Countries will remain open until 30 June, 2017 in order to allow more people and traders to get to know those products, said the Macau Trade and Investment Promotion Institute (IPIM), the exhibition's organiser. The Special Exhibition of Food Products from Portuguese Speaking Countries includes a variety of wines, canned foods, processed foods, spices, coffee, tea, milk, juices and other food products especially selected from Angola, Brazil, Cabo Verde (Cape Verde), Guinea-Bissau, Mozambique, Portugal and Timor-Leste (East Timor).

Trade between China and Portuguese-speaking countries reaches US$75 billion from January to October

28 December 2016
Trade between China and the Portuguese-speaking countries in the first 10 months of 2016 amounted to US$75.491 billion, or a year on year fall of 10.32%, according to official Chinese figures released by the Macau Forum.

Brazil’s Oi sells operation in Timor-Leste for US$62 million

15 December 2016
Brazilian operator Oi said it had requested legal permission to sell its stake in Timor Telecom to the Investel Communications Limited group owned by Timorese businessman Abilio Araújo, for US$62 million. In a press release, the company - which is in bankruptcy protection - filed the request with a Rio de Janeiro district court to sell the asset.

Portuguese-speaking Africa and Timor-Leste meet in Cabo Verde

7 December 2016
The projects of the African Portuguese Speaking Countries and Timor-Leste (PALOP-TL) financed by the European Union will be finalised on Thursday and Friday during technical meetings held in Praia, the capital of Cabo Verde (Cape Verde). The ministerial meeting on Friday, which will assess the projects to be financed by the 11th European Development Fund, with the participation of the Director General for International Cooperation and Development of the European Commission, Stefano Manservisi.

Festival in Timor-Leste selects best coffee

28 November 2016
The Coffee Festival of Timor-Leste, which aims to select the best coffee and the best cocktail made with this product, will run until 3 December, as part of an event open to farmers and groups of associated farmers. The festival was organised by the Timor-Leste Coffee Association (ACTL) and will include the country's first coffee tasting competition, with professional judges from Australia, Canada, Mexico, Thailand and the United States, Portuguese news agency Lusa reported.

Trade between China and Portuguese-speaking countries exceeds US$69 billion from January to September

14 November 2016
Trade between China and Portuguese-speaking countries fell by 9.61% in the period from January to September to US$69.128 billion, according to official Chinese figures released by the Macau Forum.

Timor-Leste economy expands at “satisfactory” rate

9 November 2016
Economic activity in Timor-Leste (East Timor) is expanding at a "satisfactory" pace "satisfactory" that is expected to continue in 2017, said the International Monetary Fund (IMF) in a statement released on Monday in Washington. The IMF said, however, that Timorese economic development in the medium term will depends on the ability to diversify, given that most of the oil wells currently in operation are expected to be exhausted by 2020.

Cristina Morais ends her duties at Macau Forum

7 November 2016
Cristina Morais term as coordinator of the Support Office to the Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese Speaking Countries ended on 2 November, according to an order of the Macau Secretary for Economy and Finance. The order from Secretary Leong Vai Tac appoints Cristina Morais for a period of one year to the post of head of the Department of External Economic Relations of the Macau Economic Office, with effect from 3 November.

Trade between China and Portuguese-speaking countries falls 11.22% in the first eight months of 2016

28 October 2016
Trade between China and Portuguese-speaking countries fell 11.22% in the first eight months of the year compared to the same period of 2015, according to figures from the Chinese Customs Services, released by the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking Countries (Macau Forum). According to official statistics the trade between China and Portuguese-speaking countries in the first eight months of the year reached US$60.23 billion.
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