When complete, the game-changing FIOL railway will connect mines in Bahia to Brazil’s Atlantic ports, drastically improving logistics and lowering costs.
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Chau was given an 18-year prison sentence earlier this year after being convicted of scores of counts of fraud, criminal association and illicit gaming activities.
The Chinese telecom giant sees Macao as a proving ground for its latest product line before venturing into overseas markets.
Homes, roads and bridges have been damaged in nine of Timor-Leste’s 13 municipalities, with the eastern municipality of Lautem hit hardest.
Under the scheme, eligible households are able to claim a monthly payment of up to 200 patacas, deducted from their power bills.
Officials are hoping to bring around 1,000 professionals to the territory to alleviate a skills shortage that many say is holding Macao back.
The head of the five-year-old facility says ‘we very much welcome’ Macao students to carry out thesis research there.
Macao’s population is rapidly ageing and researchers warn that the number of seniors dependent on family members is set to pose significant economic problems.
The transaction is pending the approval of regulators in China, Mozambique and South Africa, according to reports.