Timor-Leste, or East Timor, depends on an oil-funded sovereign wealth fund to finance 80 percent of its public spending. Now officials forecast they will deplete the fund in the next decade, raising serious questions about how the Southeast Asian nation will survive in the future,...
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A former independence fighter and Nobel Peace Prize laureate is set to win East Timor’s runoff presidential election this week, amid hopes that the new president will end the political impasse in Asia’s youngest democracy, the Associated Press reported Wednesday. Jose Ramos-Horta secured nearly 62 percent...
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Voters cast their ballots in East Timor’s presidential polls over the weekend, the Southeast Asian country’s fifth election since it gained independence from Indonesia about 20 years ago, the Associated Press reported. The election featured 13 candidates, including two former independence leaders – one former president...
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