Barclays upbeat on economy
British bank Barclays PLC said it is upbeat about the nation’s economy, saying that Taiwan has been doing better this year than last year in terms of exports and domestic demand. The bank maintained its forecast for economic growth at 4 percent this year. Government statistics last week showed exports increased 37.9 percent month-on-month and 3.3 percent year-on-year to US$27.23 billion last month. Barclays said in a recent note that the 3.3 percent annual growth was better than expected and was an improvement from the 2 percent year-on-year increase during the first two months, when exports were hit by the Lunar New Year holiday.
MOF plans property auctions
The Ministry of Finance (MOF) said on Monday its National Property Administration is scheduled to hold three rounds of rental auctions of large state-owned properties, with data on the first round set to be released on Tuesday next week. The administration plans to solicit bids for 11 plots during the first round of auctions. The total area of the 11 plots is 3.27 hectares, with their value estimated at NT$2.3 billion (US$76.85 million), administration Deputy Director-General Pian Tzu-shu (邊子樹) said. The second round of auctions is set to be held between July and August, with the last round in October, Pian said. The ministry sold off rights to 12 plots of land last year, generating NT$3.2 billion for the national coffers, it said.