Economy (31)

DILI: Dionesio Babo, the Minister for Foreign Trade and Cooperatives, has delivered a stark warning that some of Timor-Leste’s foreign-based embassies risk closure because of unpaid debts.

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DILI: Oil has been discovered in four of the 12 onshore exploration wells in the south coast of Timor-Leste, according to Timor Resources Managing Director Suellen Osborne.

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Dili: The Alliance for Change and Progress (AMP) government has secured USD$1.2 million to construct a heavy duty road from Dili to Tibar, a transport link it says is critical to improving the flow of goods in and out of the county.

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DILI: Timor-Leste’s parliament has voted in favour of withdrawing US$140 million from the nation’s Petroleum Fund to finance government activities over the next two months.

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DILI: The parliament has approved a proposal from the government in the Petroleum Fund money-raising during which to finance government activities during July and August for a total of 140 million USD.

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DILI: The National Hospital Director has said Timor-Leste’s State health funds will be used up by the end of July, a casualty of the on-going political stalemate in the Ministry of Health portfolio.

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DILI:The Timor-Leste government has stockpiled 6.5 tones of rice at warehouses in Tibar, in an attempt to offsetpredicted drought-induced food shortages and stabalisebasic food prices.

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DILI : Budget airline Citilink  kicked off regular flights from Dili to Jakarta, with a transit stop in Denpasar, on Friday.

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DILI - COFFEE trees loom over a village in the hills above Dili, the capital of Timor-Leste. Though their fruit has provided income for decades, Alarico Soares De Cruz, the local headman, says the pickings are gradually growing slimmer. Some of the trees are 40 years old, he explains, and…

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DILI: A portion of Timorese national police are on course to have the third consecutive month without pay amid growing calls for action about the silent issue.

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CANBERRA - Timor-Leste's decision to rip up a treaty with Australia on the carve up of future revenue from Greater Sunrise oil and gas reserve in the Timor Sea could make it an "architect of its own demise", experts have told a parliamentary inquiry.

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