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08 May 2020

Oil Price Fall Takes Angola From Budget Surplus to Deficit Above 4% of GDP

The fall in oil prices is set to counter the Angolan Government´s balancing of its budget. The Government projected a third surplus in 2020, but a revision of the budget is ongoing, and economists now point to deficit of at least 4% of GDP, along with a fall in foreign currency reserves. 

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08 May 2020

Presidents of China and Portugal Vow to Deepen Cooperation After Covid-19

President Xi Jinping said Thursday, during a conversation with his Portuguese counterpart that  he expects that after the COVID-19 pandemic ends, the two sides will deepen cooperation, promote the joint construction of the Belt and Road (B&R),and push for greater development of the China-Portugal comprehensive strategic partnership.

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07 May 2020

New “Highly Prospective” Rare Earth Mining Project in Angola

A new "highly prospective" rare earth mining project has opened up in Angola, according to Australian miner Pensana Metals, which has the Angolan Sovereign Wealth Fund as a shareholder.

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07 May 2020

Covid-19´s Impact on China and Other Trading Partners to Hurt Mozambique´s Growth

The Mozambican government’s real GDP growth projection of 2.2% for this year may prove to be "somewhat optimistic", according to Eaglestone Securities, considering the uncertainties surrounding the impact that Covid-19 could ultimately have on the local economy.

E

06 May 2020

Emily Kuo Vong´s Foundation Donates Over 100 Ventilators to Portugal and Vows to Invest in the Country

Emily Kuo Vong, president of the International Cultural Club of Portugal (ICCP), has donated to Portugal´s Health Service (SNS) medical supplies including 100 Ventilators, to assist the country in its effort to deal with Covid-19. The supplies, CLBrief has learned, have already arrived in Lisbon, Portugal.

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05 May 2020

Beijing Capital Airlines Sets New 22 May Date for Resuming Beijing-Lisbon flights

Beijing Capital Airlines (BCA) flights between Beijing and Lisbon, with stopover in Xi'an, are set to resume on 22 May, nstead of 24 April, as initially announced by the company.

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05 May 2020

Macau to Kick Off International Football Matches

The Macau government plans to organise international football matches involving teams from China, Europe and the Portuguese speaking-countries in the Special Administrative Region after the COVID-19 epidemic is over.

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05 May 2020

Chinese Oil Imports From Angola Fall 19% in 1Q

Chinese oil imports from Angola fell nearly 19% in the first quarter of the year, while increasing from Russia and Saudi Arabia, the country´s 2 main suppliers. The reduction of Angola´s exports is putting pressure on its trade balance of goods, according to data from the national bank.

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04 May 2020

Announcement: Your New and Improved CLBrief Newsletter

Starting May 5th, a new and improved CL Brief e-mail newsletter will be available to all its readers, with timely, reliable and relevant information about business issues regarding the Portuguese-Speaking Countries (PSCs), China and other Asian economies.

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04 May 2020

São Tomé, Cabo Verde and Timor-Leste Among Countries More Vulnerable to Tourism Downfall

Countries that rely on Tourism for economic growth are set to be some of the most affected in the near future. Among them is Cabo Verde, Sao Tome e Principe and, to a lesser extent, Timor-Leste, according to the United Nations Conference on Trade and Development (UNCTAD). 
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