International News

 


Timor Leste is not only a poor country, now it is a dangerous country in the world

 Leste is known as the poorest country in the world, ranking 152 out of 162 world economic rankings.

It is even said that Timor Leste is getting closer to bankruptcy and is running out of money because its oil fields are dwindling.

Timor-Leste isTimor Leste is not only a poor country, now it is a dangerous country in the world

Timor said to have dwindling cash reserves, with its only income being oil fields, which are run by foreigners.

The oil produced by the Timor Leste oil fields will be given in the form of royalties by the companies working on the oil.

According to New Zealand Ministry of Foreign Affairs Documents, this is very dangerous. The depleting oil fields are making the country increasingly depleted of its sources of income.

Not to mention the construction projects that are predicted to cost a large amount of money, and fairly high debt from China.

"More than 75 percent of the resources in the Bayu-Undung and Kitan fields have been exhausted," the ministry document said.

"Since 2012 (oil and gas revenues) have decreased," he said. In 2014, oil and gas revenues provided the Timor Leste government with 40 percent lower revenue than in 2013," he added. In 2014, petroleum funds accounted for 93 percent of total state revenue.

But the government has spent twice the actual revenue from the fund every year since 2008. Not only that but Timor Leste is also threatened with a dangerous situation where the average worker death rate is quite high. According to an analysis of occupational death data by the ILO, the National Safety Board, and Elsevier Ltd.

The study revealed global death rates from economic activity around the world, citing Iceland, Malta, and San Marino as the three least hazardous countries for workers.

Health and safety consultants at Arinite analyzed the average workplace death rate per 100,000 workers worldwide.

Several countries were found to have high numbers of workplace fatalities.

For example, Bhutan, in South Asia, is the most dangerous country for workers, with an average death rate of 31.9 across all occupations. In comparison, Iceland, which has held the position of the most peaceful country since 2008, had no work-related deaths, as well as Malta and San Marino. The study said these countries experienced few violent crimes and had very high levels of education and employment.

Despite Malta's top spot, that doesn't mean there aren't any deaths recorded on the job on the island.

According to the National Statistics Office (NSO), six fatal occupational accidents were reported in the first half of 2021. While in 2020 a total of seven people died in the workplace, and three deaths were recorded in 2019.

According to the NSO, 892 non-fatal accidents per 100,000 employed people were reported in 2020 alone.

In addition, in 2020, a total of 2,328 non-fatal accidents were reported in Malta, significantly lower than the 3,258 reported in 2019 and 3,252 in 2018.

Then, CEO of the Occupational Health and Safety Authority (OHSA) Mark Gauci, said there were a total of 10 fatal accidents in the construction industry alone between 2018 and 2020.as we all know East Timor was previously part of Indonesia as the 27th province. On 30 August 1999 a vote was held for East Timorese to choose whether to remain with Indonesia or become a country of their own. The United Nations (UN)-backed referendum ended the previous conflict, and paved the way for them to gain independence from Indonesia. Timor Leste was only officially recognized as a country internationally 3 years after the vote, namely in 2002. Referendum Reported by FMM via Kompas.com, (30/8/2019), for 24 years, the people of East Timor lived in conflict, hunger, and disease. . More than 250,000 victims died as a result of this condition. The resolution of the problems in East Timor was nearing its end when the popular consultation was held on August 30, 1999. Reported by Kompas, Tuesday, August 31, 1999, the voting to determine the future of East Timor on Monday (30/8) went smoothly and successfully. At that time, the number of voters who participated reached 90 percent, so the determination of the opinion did not need to be extended. The voting at that time was marred by incidents in several places. One of them was an elementary school teacher who was persecuted by a group of people. He shouted that the poll was dishonest because the people employed at Unamet were CNRT people. After that his back was stabbed to death. Even so, the results of the poll were still held and finally the results were brought to the United Nations. announce the results of the determination of opinion (poll). UN Secretary General Kofi Annan in New York announced the announcement on Saturday (4/9) at 08.00 WIB. As a result, of about 450,000 voters, 78.5 percent (344,580) of East Timorese voted against autonomy, and around 21 percent (94,388) voted for autonomy, while 7,985 votes (1.8 percent) were declared invalid. According to Kofi Annan, the results show that the people of East Timor want independence. At the same time, the announcement was also read by the Chairman of Unamet Ian Martin, in Dili, which was translated into Indonesian, Portuguese and Tetum. In his speech, Annan asked all parties to stop all acts of violence that have caused suffering in East Timor for 24 years. Although the overall atmosphere in East Timor was tense, in some places, a small portion of the population expressed their joy by running into the streets and cheering. They hugged each other and cried. In addition, even though at that time it meant that East Timor was separated from Indonesia, they still went through a long process until it was recognized by the world and changed its name to Timor Leste. Timor Leste's Economy Reported by the Heritage page, Timor-Leste's economic freedom score is 45.9. This makes Timor Leste ranked 171 countries in the world in the 2020 index. In the Asia-Pacific region, Timor Leste is ranked 40th among 42 countries and its overall score is far below the regional and world averages. Timor-Leste's economy has recorded few signs of economic freedom since it was included in the Index in 2009. Growth in its Gross Domestic Product (GDP) has been weak. The country's economy relies on government spending funded by withdrawals from the Petroleum Fund. As quoted by FMM from Kompas.com, Sunday (5/7/2020), the World Bank's 2020 official report, stated that Timor Leste's economic growth was still slow compared to Southeast Asian countries. The country with the official name Republica Democratica de Timor Leste is still one of the poorest countries in the world. Read also: Timor Leste, a former part of Indonesia Income per capita Citing a report from the United Nations Development Program (UNDP), Timor Leste is ranked 152 countries as the poorest country in the world out of 162 countries. Timor Leste's GDP per capita is estimated to reach 2,356 US dollars or around Rp. 34.23 million (exchange rate of Rp. 14,532) in December 2020. This achievement is still below Indonesia's per capita income in 2019 which was 4,174.9 US dollars or around Rp. 60 million. A number of East Timor's economic sectors are actually still very dependent on Australia and Indonesia, especially imported goods. Timor Leste itself still relies on income from oil. In 2019, Timor Leste's oil production reached 38 million barrels of oil equivalent (BOE), which is widely collaborated with Australia. Meanwhile, citing the Timor Leste Economic Report data released by the World Bank in April 2020, Timor Leste's economy will get worse in 2020 due to the coronavirus (Covid-19) pandemic and unstable political conditions. 


No comments

Powered by Blogger.