RE: Topped up...25 Feb 2025 15:26
4 days ago 👉 Dr. Thomas Loidt, HE Austrian Ambassador to Indonesia and Timor-Leste, Mr. Sigmund Nemeti, Mr. Stefan visited Timor-Leste. Through this courtesy meeting there was a contact exchange and discuss an opportunity on economic and trade cooperation between Austria and Timor-Leste related to investment promotion and export services in the two (2) countries with the intention to increase the amount of investment and trade. TradeInvest also shared general information regarding Private Investment Law No.15/2017, including the Private Investment Regulations and Procedures on Government Decree No.2/2018, which provide guarantees and facilitate their investment in Timor-Leste. Is Zu-rich man getting his ambassador involved?
A week ago 👉 Asia-Pacific Strategic Investments Ltd (APS) announced it would establish a $60 million (£47.5 million/€57.2 million) casino and a $20 million bank in the Southeast Asian country. The agreements were “formalised” with Francisco Kalbuadi Lay, Timor-Leste’s vice-prime minister and economic affairs and tourism minister. Wonder if he is somehow in this?
A week ago 👉 Timor-Leste has hit back at a $523 million lawsuit from an Australian company, accusing it of attempting to perpetrate "a major fraud" against its government. Lighthouse Corporation Pty Ltd filed the lawsuit almost a decade ago, claiming Timor-Leste breached their 2010 fuel supply deal. The $523 million accounts for loss of potential profits that Lighthouse alleges it could have made from the deal. That amount represents at least 11.5 per cent of Timor-Leste's total GDP of $4.55 billion — a sum that experts warn is a significant financial burden for the small South-East Asian nation. No wonder Dili government do not trust these Aussie companies. Woodside ( acts like political tool in the region ) = Net profit after tax of $3.6 billion, up 115% compared to 2023.