Saturday, March 7, 2015
The Special Investigation Division (SID) of the Supreme Prosecutors Office yesterday subpoenaed Wei Ying-heng (魏應行), the fourth brother of the Wei family, to stand as witness in the ongoing political contributions case.
News surfaced Friday that Malaysia's IOI Group has abandoned its plan to acquire Taiwan's landmark Taipei 101 building and a formal announcement was expected from Taiwan's Ministry of Economic Affairs (MOEA, 經濟部).
Oung Ta-ming (翁大銘), the controversial former chairman of the Hualon Group, (華隆集團) was found dead at home in Taipei on Friday at noon. He was 64.
A 1111 Job Bank survey found that 71.78 percent of companies plan to offer raises this year, the highest proportion since 2009.
Shares in Taiwan moved higher to close above the 9,600 point mark Friday as buying rotated to select non-high-tech stocks, in particular in the financial and petrochemical sectors, dealers said.
The production value of Taiwan's machine tool industry for 2014 hit the third-highest level on record, thanks to improvement of the economy at home and abroad, the Ministry of Economic Affairs (MOEA) said Thursday.
The composite index of Taiwan's manufacturing sector continued to flash a yellow-blue light in January, signaling a slowdown that has already lingered for several months, a local think tank said Friday.
Shares of Largan Precision Co. (大立光) moved higher Friday morning, recovering from their earlier losses, as investors left behind the negative leads from the company's more than 30 percent month-on-month sales decline in February, dealers said. The gains showed that the market is hoping the smartphone camera lens supplier's sales growth will pick up in March, after the slowdown in February due to a reduced number of working days because of the 6-day Lunar New Year holiday, dealers said.
The U.S. dollar fell against the New Taiwan dollar Friday, shedding NT$0.057 to close at NT$31.450 as foreign institutional buying in Taiwan's stock market boosted demand for the local currency, dealers said.
Singapore has won praise for creating a robust environment where intellectual property (IP) rights are protected and enforced.