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East Timor News

  • UNWTO: International tourism – strongest half-year results since 2010

    AFGHANISTAN, 2017/09/09 Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010. Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
  • Timor-Leste’s worrying economic future

    EAST TIMOR, 2017/04/29 Timor-Leste is a country increasingly able to stand on its own two feet. At least, that is the sense within Timor-Leste. The success of Timor-Leste’s presidential elections in March 2017 and the prospect of successful parliamentary elections again in early July have marked the country as a consolidating democracy in a region where such notions are often compromised. Timor-Leste believes it no longer needs propping up by the international community as it did during its independence struggle of 2002, and again following the violence and destruction of the 2006 political crisis.
  • Higher earning Why a university degree is worth more in some countries than others

    AFGHANISTAN, 2016/12/11 A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree. The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
  • East Timor’s Finance

    EAST TIMOR, 2016/05/30 Executive Summary
  • Indonesia and Timor Leste agreed to boost ties, border talks

    EAST TIMOR, 2016/01/28 Indonesia and Timor Leste agreed to enhance what they both called by instantly-strong bilateral ties on President Joko “Jokowi” Widodo’s initial national visit to Dili, and as well reiterated a commitment to speeding up land and maritime border resolutions. Jokowi was in Dili on Tuesday, his initial trip abroad this year, and met with Timor Leste Prime Minister Rui Maria de Araujo and President Taur Matan Ruak.
  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
  • Oxfam Study Finds Richest 1% Is Likely to Control Half of Global Wealth by 2016

    AFGHANISTAN, 2015/01/20 The richest 1 % are likely to control additional than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday. The warning about deepening world inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland. The 80 wealthiest people in the world all own $1.9 trillion, the statement found, nearly the same all shared by the 3.5 billion people who occupy the bottom half of the world’s gain scale. (Last year, it took 85 billionaires to equal that figure.) And the richest 1 % of the people, who number in the millions, control nearly half of the world’s total wealth, a share that is as well increasing.
  • France has approved visa exemption for citizens of Timor Leste (East Timor)

    EAST TIMOR, 2014/03/02 The European Parliament in Strasbourg, France has approved visa exemption for citizens of Timor Leste (East Timor) to freely visit Shenghen nations armed only with a passport for stays of up to 90 days. In return EU citizens will as well no longer need a visa to enter Timor Leste, and these new rules will be applied as any minute at this time as a two-way agreement on the subject is put in place. The parliament’s approval was given as part of a review of European visa regulations – before agreed by the European Parliament and the EU Council of Ministers – and includes 18 other nations, inclunding Timor Leste.
  • President Susilo Bambang Yudhoyono (right) greets Timor Leste President Taur Matan Ruak

    EAST TIMOR, 2013/08/04 Indonesia and neighboring Timor Leste have agreed to enhance what they deemed “good relations”, inclunding shoring up support for Timor Leste’s bid for membership of ASEAN, both leaders said on Friday. Timor Leste President José Maria Vasconcelos, popularly known as Taur Matan Ruak, paid his initial official visit to Indonesia next he took office last year and met with President Susilo Bambang Yudhoyono on Friday at Merdeka Palace. Yudhoyono told a joint press conference next the conference that he and Ruak shared the same “commitment to continue to improve the partnership someday”.