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May 27, 2017

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Business > Asia > Singapore
Singapore's trade-sensitive economy grew 3.5 percent in the first half and was on track for 2.5-3.5 percent expansion this year, Prime Minister Lee Hsien Loong said Friday.
 
Sales of five-room and executive flats have been the worst hit by the shrinking Housing Board resale market.
 
Muslim visitors to Japan are expected to reach one million a year by 2020, triple the 2013 level, as it further opens up to tourists, a specialist travel firm said Friday.
 
Local private investment totaled NT$666.5 billion in the first half of 2014, while Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) made the largest contribution among all companies, said the Ministry of Economic Affairs (MOEA).
 
Local business revenues totaled NT$1.2337 trillion in June, representing a 4.1-percent growth, and marked the 10th consecutive month of growth, according to a report released by the Ministry of Economic Affairs (MOEA) yesterday.
 
TAITRA expects good results in Paraguay
Taiwan's main trade promotion body is expecting to "see good results" for Taiwanese exporters at the annual Expo Mariano Roque Alonso in Paraguay, which opened on July 12.
 
JP Morgan Securities has raised its price target for Hon Hai Precision Industry Co. (鴻海精密), the world's largest contract electronics maker, to NT$130 (US$4.33) from NT$100 on optimism over Hon Hai's recently unveiled transformation plan.
 
Singapore's trade-reliant economy unexpectedly contracted in the second quarter, the government said Monday, as weak global demand weighed on the key manufacturing sector.
 
Singapore on Monday launched a jobs website favoring citizens and permanent residents in response to mounting complaints that foreigners are stealing professional jobs from locals.
 
The 2014 Taiwan-Japan Procurement Meeting was held on July 8 as part of the Taiwan External Trade Development Council's (TAITRA) efforts to match Japanese buyers with local manufacturers.
 
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