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May, 30, 2016

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Business > Asia > Singapore
Accelerated appreciation of the New Taiwan dollar has again frustrated local machine tool exporters, who complain that they will be especially vulnerable if the central bank keeps dragging its feet in the face of a ballooning exchange rate.
 
Panel demand to stay strong: firms
Innolux Corporation (Innolux, 群創光電) and AU Optronics (AUO, 友達光電) on Wednesday said they are starting to see TV panel orders pick up and predict them to remain strong throughout the year due to the traditional peak season in mainland China's market.
 
Taiwan is likely to post a surplus in its balance of payments in the second half of the year because of peaking exports during the period, analysts said Wednesday.
 
Singapore will build a new terminal that will double the capacity of Changi Airport in a bid to retain its edge as a regional aviation hub, Prime Minister Lee Hsien Loong said on Sunday.
 
Online shopping in Singapore is booming. By 2015, e-shoppers will be snapping up clothes, shoes, books and gadgets to the tune of SG$4.4 billion (US$3.46 billion), up from an estimated SG$1.9 billion last year.
 
Taiwanese are the most frequent users of smartphones in the Asia-Pacific region, often watching videos and visiting social networking sites on their handsets, according to the results of a survey released by Google Inc. on Tuesday.
 
Credit rating agency Moody's on Monday downgraded the outlook of Singapore's three main banks to "negative" from "stable" amid rising property prices and mounting household debt in the city-state.
 
Singapore's economy grew at its fastest pace in nearly two years in the second quarter as manufacturing of pharmaceuticals and electronics rebounded.
 
The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.065 to close at NT$30.025 as foreign institutional investors shifted to the sell side of the local market, which lifted demand for the greenback, dealers said.
 
Singapore's trade-sensitive economy slowed in the first quarter on sluggish demand for its exports, the government said Thursday, warning that risks remained despite improved global conditions.
 
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