Economic and Business Information

2015-03-13

Mozambique’s national tuna agency Ematum wants to increase exports to China, reports China Daily newspaper.

2015-03-13

Guinea-Bissau wants to cut dependence on foreign aid

Guinea-Bissau’s Government wants to reduce the country’s dependence on foreign aid. Economy and Finance Minister Geraldo Martins said on Wednesday that the country was currently already able to generate 63 billion CFA francs (US$102 million) internally to fund its annual budget of 148 billion CFA francs.

2015-03-13

Room for more China, Brazil cooperation on energy: expert

There are several options available to China to invest in Brazil’s energy market, Brazilian expert Severino Cabral told Chinese state-run news agency Xinhua.

2015-03-12

China’s retail sales up 10.7 pct in Jan-Feb

China’s retail sales for the first two months of 2015 increased by 10.7 percent year-on-year to 4.8 trillion yuan (US$779 billion), the Chinese National Bureau of Statistics announced on Wednesday.

2015-03-12

Portugal is 8th most popular real estate market for Chinese: report

Portugal’s real estate market was ranked the eighth most attractive for Chinese investors in 2014, according to a ranking compiled by magazine China Newsweek.

2015-03-12

East Timor records US$893 million trade deficit in 2014

East Timor posted a trade deficit of US$893 million in 2014, data from the country’s Ministry of Finance showed on Tuesday.

2015-03-11

Brazil’s economy to rebound by year-end: President

Brazilian President Dilma Rousseff said on Tuesday the country is far from experiencing a crisis, despite the economic hurdles it is facing.

2015-03-11

Mozambique’s natural gas reserves very attractive: investors

Mozambique’s huge natural gas reserves are attracting a lot of interest from international investors, news agency Reuters reports.

2015-03-11

China to launch yuan payment system worldwide

China will start an international payment system for its currency this year, Yi Gang, head of China’s State Administration of Foreign Exchange (SAFE), confirmed on Tuesday.

2015-03-10

Number of mobile phone users in East Timor surged in 2014

The number of mobile phone users in East Timor stood at more than 622,000 at the end of last year, according to official data published on Tuesday.

2015-03-10

Mozambique debates minimum wage increase

The Government of Mozambique has started discussions with trade union leaders and representatives of the business sector on an increase in the country’s minimum wage.

2015-03-10

Closer ties between China and Brazil boost cultural exchanges

The closer relations between China and Brazil have facilitated bilateral exchanges in several fields, Chinese state-run news agency Xinhua reported this week.