DILI, East Timor: East Timor voted for a new president Monday, with a former guerrilla fighter tipped for victory after winning the backing of the two biggest parties, in a new sign of stability for Asia’s youngest nation.

The vote comes at a challenging time for the tiny half-island nation 15 years after gaining independence, with oil reserves running dry and its leaders struggling to reach agreement with Australia in a row over lucrative energy fields.

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