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.
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.
14 November 2016
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.
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.
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.
19 October 2016
14 October 2016
Timor-Leste (East Timor) is expected to grant a license for fishing in its territorial waters to Chinese company Zhoushan Ningtai Ocean Fisheries Co., following the support provided by bilingual staff and professional services of the Macau Platform, reported the Macau Institute for Trade and Investment Promotion (IPIM).
13 October 2016
12 October 2016
12 October 2016
The headquarters of the US$1 billion fund for investment in Portuguese-speaking countries announced by China in 2013 will be transferred from Beijing to Macau to facilitate contact with potential interested parties, the President of the Fund said on Wednesday in Macau. The information was provided to Portuguese news agency Lusa by the president of the Fund for Development Cooperation between China and the Portuguese-speaking Countries, Chi Jianxin, on the sidelines of the Conference of Financial Area Businesspeople and Officials that was part of the 5th Ministerial Conference of the Forum for Economic and Trade Cooperation between China and the Portuguese-speaking Countries (Forum Macau), which ends on Wednesday.
11 October 2016
11 October 2016
The Prime Minister of Cabo Verde (Cape Verde) on Tuesday said that his country is available and committed to creating the basis for being an international service centre, supported by a rapidly growing tourist market and positioning that creates conditions to access markets in Africa, Europe and the Americas. Jose Ulisses Correia e Silva, who was speaking at the opening session of the 5th Ministerial Conference of Forum Macau, noted that tourism and the maritime economy are areas of economic growth in Cabo Verde, and are two sectors "that amplify our small domestic market abroad and have a leverage effect on other sectors of the economy."
11 October 2016
The Forum for Economic and Trade Cooperation between China and the Portuguese-speaking Countries (Macau) has achieved remarkable results, said China's Commerce Minister, Gao Hucheng, in a speech on Monday in Macau. Addressing the members of the delegations that since Tuesday have been taking part in the 5th Ministerial Conference of Forum Macau, the minister recalled that since 2003 the Forum had made it possible to set up various forms of cooperation as well as mutual understanding between China and the Portuguese-speaking countries.
10 October 2016
The delegation of Guinea-Bissau, headed by Prime Minister Baciro Dja, was the first to arrive in Macau, on 7 October, in order to attend the 5th Ministerial Conference of Forum Macau, said the Government Information Bureau (GCS). Four delegations arrived in Macau on Sunday - Brazil, headed by the Minister of Industry, Trade and Services, Marcos Pereira, Cabo Verde (Cape Verde), led by Prime Minister Jose Ulisses Correia e Silva, Mozambique, headed by Prime Minister Carlos Agostinho do Rosario and Timor-Leste (East Timor), led by the Minister of State, Coordinator of Economic Affairs and Minister of Agriculture and Fisheries, Estanislau Aleixo da Silva.
6 October 2016
5 October 2016
13 September 2016
A meeting of the Timor-Leste (East Timor) cabinet Ministers authorized the Ministry of Finance to start the process of joining the Asian Investment and Infrastructure Bank (AIIB), according to a press release published on the official government website. The AIIB, based in Beijing, was established in December 2015 following a proposal from China, which is the largest shareholder of the bank. The financial institution started operating in January this year.
8 September 2016
8 September 2016
The legal recovery plan presented by the board of Brazilian telecommunications group Oi includes the sale of shares previously held by Portugal Telecom in Angola, Cabo Verde (Cape Verde) and Timor-Leste (East Timor), the Portuguese press reported. The plan was approved by the board of Oi, but has yet to be approved by the judge responsible for bankruptcy proceedings and to be negotiated with creditors as it involves a debt of 65.4 billion reais (US$20.4 billion).