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Business Briefs
AGENCIES
Thursday, May 26, 2005, Page 11
¡½ Money-supply growth slows
Taiwan's money supply grew at a slower pace last month as more of the nation's capital was invested abroad and demand for bank loans cooled, the central bank said in a statement. M2, the broadest measure ofmoney supply, rose 5.6 percent from a year earlier after increasing 6 percent in March, the bank said. M1A, which tracks net currency in circulation plus checking accounts and passbook deposits, expanded 7.6 percent last month after increasing 10.4 percent in March, the bank said. M1B, which excludes time deposits and foreign-currency deposits, rose 6.1 percent last month after expanding 8.2 percent the previous month.
¡½ S Korea still broadband leader
South Korea remains the world's biggest user of high-speed Internet, with 73 percent of its Web users logging on to high-speed or "broadband" connections, a survey released on Monday showed. The survey by the research firm eMarketer showed South Korea was followed by Hong Kong, with 59.1 percent having high-speed connections, Taiwan with 50.8 percent, Canada (42.7 percent), the Netherlands (41.3 percent), Japan (38.6 percent) and Singapore (38.2 percent). The US ranked 11th with 29.9 percent but it had the highest number of broadband users, 34.3 million households while Taiwan had 3.3 million.
¡½ NT dollar loses ground
The New Taiwan dollar traded lower against its US counterpart, declining NT$0.009 to close at NT$31.365 on the Taipei foreign exchange market. Turnover was US$675 million, up from US$565 million the previous day.
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