Economy (31)

DILI: 2018 saw a surge in people working abroad that has led to the first time overseas remittance money was the second largest contributor to Timor-Leste’s economy, behind oil.

Comment

DILI: Taur Matan Ruak has suggested a deadline of April to finalise his Ministerial cabinet but is yet to determine how it will be achieved, in comments on Friday.

Comment

DILI: The Opposition Fretilin Party is likely to appeal the Court of Appeal’s ruling about the legality and constitutionality of amendments to the Petroleum Activities Law which opened the way for $650 million from the Petroleum Fund to be used to purchase participation in the Greater Sunrise joint venture. 

Comment

DILI: Xanana Gusmão has said that Timor-Leste would be selling gas by 2026, in a reference to the government’s bold plan to create an onshore gas-processing industry.

Comment

DILI: Taur Matan Ruak has insisted his government will meet the payment deadline for holdings in Greater Sunrise gas project on 18 March, despite the Court of Appeals yet to decide on the legality of the government’s proposed payment plan.

Comment

DILI: The government has come under pressure from the opposition Fretilin party over its efforts to transfer money from the nation’s Petroleum Fund to buy into the Greater Sunrise Joint Venture.

Comment

DILI: People living in Timor-Leste could have a fourth telecommunication option after Timorese consortium Ceslink presented a proposal to the government to become the nation’s largest telecom operator.

Comment

DILI: Timor-Leste’s Deputy Finance Minister has pushed into the country’s simmering political row over the $650 million payment for holdings in the Greater Sunrise gas project, saying the amount would be paid by March 18.

Comment

DILI: Three organizations signed partnership agreements with the United States Agency for International Development’s (USAID) Tourism For All project Wednesday at a forum co-hosted by the U.S. Embassy and the Timor-Leste Secretary of State for Vocational Training and Employment.  

Comment

DILI: The President of the Republic has delivered a clear warning to the ruling coalition government to “adopt more adequate public polices” and “execute them more rigorously,” or risk Timor-Leste’s economic security.

Comment

DILI: The president of National Parliament has argued that building a strong economy for Timor-Leste rests with developing the nation’s oil and gas sector and not its agricultural industry.

Comment

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