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Heineken builds factory in Timor-Leste

The government of Timor-Leste (East Timor) has approved a proposal to build a brewery presented by Heineken Asia Pacific Pte. Ltd. involving an investment of over US$40 million, the government said in a statement issued Tuesday in Dili.

A statement on the Council of Ministers meeting of 21 November said that as the government decided to approve the investment agreement with Heineken More

East Timor’s government maintains defence of gas pipeline to exploit oil field

East Timor will continue to defend construction of a pipeline to exploit the Greater Sunrise gas field, Oil Minister Alfredo Pires said on Tuesday in Australia.

During a visit to that country, Pires said that East Timor was ready to begin the project immediately, adding that with the gas pipeline the field could be exploited 365 days a year, versus the 320 More

Portuguese foundation to set up special development zones in Cape Verde and East Timor

The Lusitania Foundation for University and Entrepreneurial Development plans to create two special social economy free trade zones in Cape Verde and East Timor starting in 2014, said the organisation’s chairman, Rogério Matos e Guimarães.

The idea of this autonomous non-profit institution linked to the Catholic Church in Portugal is to make Tarrafal on Santiago Island in Cape Verde and East Timor’s More

East Timor’s central bank issues coin with US$1 face value

The Timor-Leste (East Timor) Central Bank Friday issued a 100 centavo denominated coin with an equivalent face value of US$1, which is the currency that circulates in the country, the bank said in a statement.

The governor of the BCTL, Abraão de Vasconcelos, cited in the statement, said that the coin had been minted because US$1 notes have been “in circulation in More

US group General Electric plans to invest in East Timor

US group General Electric plans to invest in East Timor (Timor-Leste), the country’s minister for Public Works, Gastão de Sousa said Tuesday as he welcomed a delegation headed up by the head of the Association of South-East Asian Nations (ASEAN), Kristin Paulson.

According to a statement, Paulson reminded Gastão de Sousa of the US group’s presence in ASEAN nations such as Malaysia, More

Businesspeople from East Timor to have access to business opportunities in the Portuguese-speaking countries

The East Timor (Timor-Leste) Chamber of Commerce and Industry will be part of a platform to publicise business opportunities in the Community of Portuguese-speaking Countries (CPLP), as part of an agreement signed Tuesday in Dili with the Portuguese Industrial Association, which is promoting the project.

“It is a project with the support of the Portuguese government and the European Union, which covers More