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Timor-Leste

Trade between China and Portuguese-speaking countries rises 29.36% between January and September

9 November 2017
Trade between China and the Portuguese-speaking countries reached US$89.426 billion in the period from January to September, an annual increase of 29.36%, according to official Chinese figures released by Forum Macau.

Timor-Leste has more unexplored oil resources

6 November 2017
Timor-Leste (East Timor) has other oil deposits with potential for commercial exploration in the Greater Sunrise field, which will guarantee production over the next few decades, the Timorese Prime Minister said at a conference in the Australian city of Perth.

Angola and Cabo Verde improve business environment

1 November 2017
Angola and Cabo Verde (Cape Verde) have improved their business environment, having risen respectively seven and two positions in the "Doing Business 2018" index published on Tuesday in Washington by the World Bank (WB) and led by New Zealand with 86.55 points out of 100.

Finland’s Wärtsilä operates power plants in Timor-Leste

25 October 2017
Finnish company Wärtsilä has signed a five-year contract with Timor-Leste (East Timor) power company Companhia de Electricidade de Timor-Leste (EDTL) to continue to operate and maintain two power stations in the north and south of the country.

Jiangsu companies sign contracts for interventions in Angola and Timor-Leste

23 October 2017
Three companies from the Chinese province of Jiangsu, north of Shanghai, during the Macau International Fair (MIF) signed contracts with Angolan and Macau companies for civil construction in Angola and Timor-Leste (East Timor), Forum Macau said in a statement.

Macau International Fair and PLPEX return to on 18 October, 2018

23 October 2017
The 23rd Macau International Trade Fair (MIF) and the Portuguese-Speaking-Countries Products and Services Exhibition 2018 (Macau) - PLPEX 2018 will be held on 18 and 20 October of next year, announced the Macau Trade and Investment Promotion Institute (IPIM).

Trade fairs in Macau promote business opportunities under the “Belt and Road” initiative

20 October 2017
The first edition of the Portuguese Speaking Countries Products and Services Exhibition (PLPEX) is another platform to showcase and promote products and services from those countries, said the Macau Secretary for Economy and Finance Leong Vai Tac.

Forum Macau participates in the 22nd MIF and in the 1st PLPEX

20 October 2017
The Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macau) reported its attendance at the 22nd Macau International Fair (MIF) and the first edition of the Portuguese Speaking Countries Products and Services Exhibition (PLPEX).

Forum of young entrepreneurs and innovation exchange centre mark the start of MIF 2017

19 October 2017
Around 400 people took part on Wednesday in Macau in the beginning of the Young Entrepreneurs Forum, which was also marked by the launch of the Youth Innovation and Entrepreneurship Centre of China and the Portuguese Speaking Countries.

Angola and Guangdong showcased at Macau International Fair

18 October 2017
The 22nd Macau International Trade Fair (MIF) opens on Thursday with Angola and the Chinese province of Guangdong as the main partners and will be held alongside 3rd edition of the Portuguese-Speaking-Countries Products and Services Exhibition (2017-PLPEX), which is being held independently this year.

Timor-Leste Government wants to double non-oil tax revenue

18 October 2017
The government of Timor-Leste (East Timor) intends to double non-oil tax revenues to US$400 million a year with the introduction of Value Added Tax (VAT) and increases in the taxes on tobacco and alcohol, said the Minister of Planning and Finance.

Angolan Bank BIC intends to have representation in Macau

18 October 2017
Angolan bank BIC will present a request in November to establish a representative office in Macau, the representative of Angola at the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries said on Tuesday.

Trade between China and Portuguese-speaking countries exceeds US$78 billion from January to August

17 October 2017
Trade between China and the Portuguese-speaking countries totalled over US$78 billion between January and August 2017, according to official Chinese figures released by Forum Macau.

Australia and Timor-Leste agree on border delimitation

16 October 2017
Australia and Timor-Leste (East Timor) agreed on the full text of a draft treaty defining maritime boundaries, the Permanent Court of Arbitration said in a statement released on Sunday in The Hague, Netherlands.

Energy and manufacturing industry in the Portuguese-speaking countries showcased in Macau

13 October 2017
The energy and manufacturing sectors in the Portuguese-speaking countries were the focus of a meeting held in Macau on Thursday to explain to local entrepreneurs the how the China-Portuguese-speaking Countries Cooperation and Development Fund works, according to official information.

Forum Macau official calls for strengthening the relationship between member countries

12 October 2017
The Deputy Secretary-General of Forum Macau, Rodrigo Brum, called for further development of relations between the Forum Macau members, with a view to better sharing the results of multilateral cooperation.

Angola is the most difficult Portuguese-speaking country to do business

12 October 2017
Angola is the most difficult Portuguese-speaking country to conduct business, ranking 182nd among 190 countries, according to the "Doing Business 2017 - Equal Opportunities for All," report published on Wednesday by the World Bank.

Timor-Leste thermal power stations managed and maintained by Finnish group

12 October 2017
Finnish group Wärtsilä will continue to operate and maintain the 119-megawatt Hera and 136-megawatt Betano natural gas plants in Timor-Leste (East Timor) under a new five-year contract signed with Electricidade de Timor Leste (EDTL), the group announced.

Angola to return to economic growth in 2017

11 October 2017
Angola was one of the two Portuguese-speaking countries experiencing an economic recession in 2016, with GDP contracting 0.7%, but is expected to return to growth of 1.5% this year, according to the World Economic Outlook of the International Monetary Fund (IMF).

China-Portuguese-speaking Countries Co-operation and Development Fund explained to Macau companies

10 October 2017
The first promotion session of the China-Portuguese-speaking Countries Co-operation and Development Fund after its headquarters was transferred to Macau will be held on Thursday in an initiative of the Macau Economic Services Bureau, according to an official statement.
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