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July, 24, 2016

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Business > Asia
CIER lowers growth forecast to 0.84%on soft global demand
Dragged down by the weak global recovery, Taiwan's economy will grow just 0.84 percent this year, Chung-Hua Institution for Economic Research (CIER, 中經院) forecast today.
 
Asian stock markets mostly fell Tuesday on profit-taking following a week-long rally but Tokyo headed for a sixth straight gain as a weak yen boosted exporters.
 
Ansett Aviation Asia opened a modern training facility near Taiwan Taoyuan International Airport on Monday to offer high quality aviation programs in the country.
 
Private investment will determine whether Taiwan's economy will achieve growth of 1 percent this year, chairman of the Chinese National Federation of Industries (CNFI,全國工業總會) Rock Hsu (許勝雄) said on Tuesday.
 
Shares in Taiwan extended their momentum from a session earlier Tuesday, as buying in the financial sector continued to help the broader market recoup earlier losses and return to the 9,000-point mark, dealers said.
 
For the first time in its history, HSBC won "Asia's Best Investment Bank" Euromoney award, one of the most important within the industry, according to a press release from the bank.
 
CIER cuts growth forecast yet again, this time to 0.84%
Dragged down by the weak global recovery, Taiwan's economy will grow just 0.84 percent this year, the Chung-Hua Institution for Economic Research (CIER, 中經院) predicted today.
 
TAIPEI 101 signs MOU to adopt Siemens Navigator
TAIPEI 101 and Siemens Ltd., Taiwan recently signed a memorandum of understanding that paves the way for the adoption of Siemens Navigator, the latest cloud-based building energy and sustainability management platform, according to a press release from Siemens.
 
Developing Asian economies to grow 5.6% in 2016: ADB
The Asian Development Bank said Monday it had cut its 2016 growth projection for developing economies in Asia and the Pacific to 5.6 percent, down from its earlier forecast of 5.7 percent, but added that the economies' performance will remain solid and help offset softness from the U.S. economy and near-term market shocks from Britain's vote to exit from the European Union.
 
Heineken's Tiger Beer debuts in Taiwan
You could feel relaxed after getting off work just by enjoying a delicious stir-fried dish and a bottle of Tiger Beer, newly launched in Taiwan by Heineken Asia Pacific, according to a press release issued by the brewery.
 
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