INDUSTRY: Singapore recovers on back of manufacturing*

The Singapore economy registered a positive 7.3 per cent growth in the first quarter of this year. The strong performance came from manufacturing which grew 14.5 per cent, driven by the increased output of pharmaceuticals and tech products. In fact, in a recent announcement, the Ministry of Trade and Industry (MTI) predicted gross domestic product will expand by between 5.5 per cent and 7.5 per cent this year – stronger than the earlier forecast of 3.5 per cent to 5.5 per cent.At the latest pace…

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