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.
9 January 2017
9 January 2017
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).
28 December 2016
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.
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.