• A significant drop in local rice prices as the main harvest nearly complete, signalling increased availability.
• Policy-wise, direct institutional purchases of local rice from local farmers by National Logistics Centre (NLC) is in progress with an overall target of around 4,000mt for stockpiling.
• Imported rice prices continue to steadily decrease reflective of the global price weakness, however, it remains above year-earlier levels.
COVID-19 disease has brought profoundly negative effects on the world economy. Ti- mor-Leste naturally was not immune to the sudden stoppage that nations had to make in their economies to fight this new disease. The weaknesses of the world economy and the development models of each country were too exposed, putting to the test their own capac- ities to deal with this great threat to public health.
At the beginning of the pandemic, the 8th Constitutional Government defined a set of nine- teen measures aimed to mitigate the negative impact of this new reality on households and businesses. However, with the prolonged presence of the pandemic, the social consequenc- es and the global economic crisis demanded more robust medium- / long-term measures from the Government, in order to recover from the crisis as quickly as possible, and in a sus- tainable manner. To this end, the Commission for the Preparation of the Economic Recovery Plan was created, to support Timor-Leste economic recovery by creating a clear, objective and realistic plan.
Please find below the relevant information contained in the Social Security Guide, that has been translated to English In regards to the recent measures of employment support approved by the State of Timor-Leste, we have contacted the Social Security Institute (SSI) and confirmed that Employers who continue to operate normally cannot apply for the 60% subsidy … Read more
Ho diploma ida ne’e , iha ámbitu sistema seguransa sosiál, ami harii apoiu
estraordináriu no temporáriu, ba entidade empregadora sira husi setór privadu no ba traballadór sira , atu nune’e responde ba redusaun rendimentu traballadór sira nian no ba difikuldade finanseira husi entidade empregadora
sira, no buka atu garante nafatin postu traballu sira