Saturday, March 15, 2014
The Chinese yuan-denominated deposits in Offshore Banking Units (OBU) and Domestic Banking Units (DBU) have reached a new record high at over 247 billion yuan (US$40.16 billion), the Central Bank of the Republic of China (Taiwan) announced yesterday.
A highly prized land parcel failed to secure a buyer by the end of a recent auction, marking the first instance in the past 11 years in which prospective buyers refrained from placing a single bid for land in the coveted Xinyi District (信義區).
The Photonics Industry & Technology Development Association (PIDA) recently said the overall revenue of Taiwan's photonic industry is expected to exceed NT$2.3 trillion, slightly up 3 percent from 2013.
Taiwan's financial regulator has said it will not set a cap on the amount of Chinese yuan deposits allowed to be held in the country, but has advised banks to do their best to conduct risk control.
First Commercial Bank (第一銀行), the flagship banking arm of Taiwan-based First Financial Holding Co., said Friday that it has obtained a green light from China to open an outlet in the China (Shanghai) Free Trade Zone.
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.029 to close at the day's high of NT$30.381 in a quiet trading session amid raised tensions in Ukraine, dealers said.
India's inflation hit a nine-month low in February, data showed Friday, but analysts saw little chance of any immediate interest rate cut.
Hong Kong billionaire Joseph Lau was found guilty Friday of bribing a disgraced former minister in the gambling enclave of Macau in an attempt to purchase a prime development site in the former Portuguese colony.
Friday, March 14, 2014
China's industrial production rose at its slowest pace in five years and other key indicators showed surprising weakness, data showed Thursday, raising alarm bells over the world's second-largest economy as Premier Li Keqiang outlined “serious challenges” ahead.
President Ma Ying-jeou said yesterday that 2014 is the year for Taiwan to make an economic breakthrough, and that the island is hoping to take a greater part in regional economic integration and contribute to the peace and stability of the Asia-Pacific region.