Thu, Mar 08, 2018 - Page 6 News List

Australia, E Timor sign treaty

HISTORIC DEAL:The maritime boundary treaty is crucial to East Timor’s economic development in a nation where 65 percent of the population are looking for jobs

AP, UNITED NATIONS

The nation’s US$16 billion sovereign wealth fund could be empty within 10 years because the government’s annual withdrawals are exceeding its investment returns, according to La’o Hamutuk, a Timorese research institute.

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