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Infrastructure
15 June 2020
China Funds Infrastructures in Timor-Leste With USD 14 million
China is going to fund the construction of a new hospital and a school in Timor-Leste, the timorese Government has announced. A total of USD 14 million is to be disbursed by China, while Japan will fund medical equipment.
Trade
31 May 2020
China´s Trade With Brazil, Cabo Verde and Timor Leste Resists Pandemic
Chinese trade with Brazil resisted the Covid-19 pandemic in the first quarter of the year and even rose in the cases of Cabo Verde and Timor Leste. However, exchanges with the remaining Portuguese-Speaking Countries (PSC) did not resist the pandemic.
Trade
22 May 2020
Timor-Leste Moves to Improve Business Environment with Assistance from World Bank, Australia and Japan
The Timorese Government announced today that it has signed an agreement with the International Finance Corporation (IFC) of the World Bank group, to help the country improve its business environment.
E-commerce
04 May 2020
Announcement: Your New and Improved CLBrief Newsletter
Starting May 5th, a new and improved CL Brief e-mail newsletter will be available to all its readers, with timely, reliable and relevant information about business issues regarding the Portuguese-Speaking Countries (PSCs), China and other Asian economies.
Tourism
04 May 2020
São Tomé, Cabo Verde and Timor-Leste Among Countries More Vulnerable to Tourism Downfall
Countries that rely on Tourism for economic growth are set to be some of the most affected in the near future. Among them is Cabo Verde, Sao Tome e Principe and, to a lesser extent, Timor-Leste, according to the United Nations Conference on Trade and Development (UNCTAD).
Finance
30 April 2020
Banco Nacional Ultramarino and ICBC Macau partner for Portuguese-speaking countries
Banco Nacional Ultramarino bank and the Industrial and Commercial Bank of China (Macau) have signed a memorandum of understanding for the joint promotion of business between China and the Portuguese-speaking countries, according to a statement by the issuing bank.
Macao
21 April 2020
Macau Government Reaffirms Commitment to Portuguese-Speaking Countries
The 2020 Lines of Government Action, the first presented under the new chief executive, Ho Iat Seng, essentially retain that central role and opens new avenues for their development, like a Renminbi-denominated stock market and e-commerce platforms.
Development
20 April 2020
Angolan Exports to China Take a Hit
With the Coronavirus crisis and the slowdown in the Chinese economy in the first quarter of 2020, along with a drop in oil prices, Angolan exports to China have now taken a hit.
Energy
11 March 2020
Legal Flash: Timor-Leste amends Petroleum Activities Law
Timor-Leste's revised Law on Petroleum Activities has just been published. It amends 15-year old legislation regulating an economic activity that is the country´s main source of income. The awarding of exploration under a new licensing round is expected.
Development
31 December 2019
CHEC starts work on Timorese port
Work has begun on building the new deepwater port of Tibar in Timor-Leste. China Harbor Engineering Company (CHEC) is developing the US$490 million project, which will be operated by French firm Bolloré.
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