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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Economic Boost for Timor Leste

March, 02 2017
watermark Economic news

The country bounded in the Western Indonesia, Timor Leste or called East Timor in the past has officially gained its independence from the Indonesian republic after 15 years due to the involvement of armed forces sent by Australia and New Zealand.

Timorese Prime Minister Rui Maria de Araújo met PM Bill English in New Zealand to sign a formal agreement which affirms improvement in the organic coffee production in Timor coupled with the assistance for government spending.

The 52-year old, de Araújo further mentioned that the country needs some diversification away from oil since reserves were seen insufficient.

The arrangement further includes the support from NZ in the agricultural sector to help small farmers in the rehabilitation of coffee plantations together with community policing which is highly regarded in NZ.

While Australia considers the maritime zones and limits of Timor regarding the establishment of oil and gas reserves.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.