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Lu Olo Promulgates Rules To Use Petroleum Fund to Buy Sunrise Gas Shares

Monday, 21 January 2019 15:16 Written by

DILI: The President of the Republic has approved a government bid to increase access to its petroleum fund for a $650 million buyout of ConocoPhillips’s and Royal Dutch Shell holdings in the Greater Sunrise gas project, a bid he had vetoed in December but had strong parliamentary support.

Ministers of Parliament Seek To Cut Contracts With Media

Thursday, 17 January 2019 18:19 Written by

DILI: Media outlets in Timor-Leste received letters to terminate advertising contracts from several government ministries in recent days, amid growing backlash from some members of the ruling government to speak to local media.

Lu Olo To Consult With State Council Before Deciding on 2019 Budget

Thursday, 17 January 2019 18:14 Written by

DILI:The President of the Republic will hear recommendations from the State Council before deciding to enact or veto the 2019 General State Budget, after receiving the budget law on 24 December.

The government’s proposed US$2132 million State budget gained 134 amendments in parliament before it was approved 40 votes in favour and 25 against on December 22.

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