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June, 27, 2016

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Business > Asia > Singapore
The construction boom shows no signs of ending any time soon, but a shortage of workers means projects may cost more and take longer to complete.
 
Property stocks plunge on interest rate hike concerns
Shares in property developers on the Taiwan Stock Exchange (TWSE) took a beating Friday morning amid fears that enthusiasm among home buyers will be stamped out if the central bank raises interest rates, dealers said.
 
Taiwan's export orders are expected to continue to grow in August on the back of rising popularity of handheld devices in the global market, the Ministry of Economic Affairs (MOEA) said yesterday.
 
Singapore and the European Union moved a step closer Friday to ratifying a free-trade agreement that includes a key "green" component.
 
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.
 
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