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Singapore firms invest in Timor-Leste’s leisure, hospitality sectors
Singapore-owned businesses are investing millions of dollars in Timor-Leste's leisure and hospitality sectors, from five-star hotels and service apartments to an entertainment centre. The developments will help Timor-Leste's efforts in diversifying its economy. Currently, oil and gas account for 70 per cent of the country’s gross domestic product. CNA’s Lauren Ong reports.
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