DILI, 02 october 2023 (TATOLI) – Toscafund Asset Management (Hong Kong) Limited has pledged to invite international investors to invest in the country.
The commitment was made at a meeting between Mark Tinker, Chief Investment Officer of Toscafund, and the Prime Minister, Kay Rala Xanana Gusmão, in Dili, last week.
“We’re from Hong Kong, and we’re visiting Timor-Leste for the first time. We have a very interesting meeting with Prime Minister Gusmão to discuss how we can bring international investors to invest alongside the people of Timor-Leste and help the exciting development of this lovely country,” Tinker told journalists.
Tinker emphasized that his company is interested in investing in the country because Timor-Leste is considered a stable and peaceful country.
“Timor-Leste has fewer risks than many other small countries because it has dollars and a new government with a clear plan in many sectors. We are interested in talking to our clients (international investors) whom we think may be interested in helping the private sector in Timor-Leste,” he said.
He claimed Timorese companies and entrepreneurs would benefit from the capital and expertise of international investment in the country.
“We look forward to working with the government and people of Timor-Leste to actually help build Timor-Leste’s future economy,” Tinker guaranteed.
Tinker also pledged to promote Timor-Leste’s profile in the region to make the country known to many international investors who might be interested in investing in the country: “We proposed to Gusmão that we could help raise Timor-Leste’s profile and image in other parts of ASIA to help people who might be interested in investing in the country.”
“We’ll tell these international investors that Timor-Leste has the best coffee in the world. And we’ll also tell them that this country has a fantastic landscape and interesting people,” he added.
He said that his delegation would return to continue discussing the investment initiative with the government and stakeholders: “We’ll be back again.”
Journalist: Filomeno Martins
Editor: Rafael Ximenes de A. Belo
