Timor-Leste

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.

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.

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