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Monday, November 23, 2015
Indonesia and Malaysia create an OPEC-like council for palm oil
Indonesia and Malaysia, the world's top two palm oil producers, signed an agreement Saturday to set up a council for palm oil producing countries in a bid to ensure price stability by managing production and stock in the global market.
Sunday, November 22, 2015
The Criminal Investigation Bureau (CIB, 刑事局) has recently warned locals of rampant loan scams that many have fallen victim to. Such fraud schemes usually involves victims who reply to advertisements for speedy loans that will approve their applications regardless of their credit history.
Approved mainland Chinese investments in Taiwan for the first 10 months of this year fell by more than 50 percent year-on-year largely due to a relatively high comparison base recorded a year earlier, according to the Investment Commission.
Taiwan registered a net outflow in its financial account for the 21st consecutive quarter in the third quarter of this year, further raising concerns about a fund exodus from the country at a time when the U.S. Federal Reserve is likely to launch an interest rate hike later in the year, a move which could prompt more fund outflows.
Saturday, November 21, 2015
Former Vice President Vincent Siew expressed his wish that Japan will support Taiwan's bid to join the Trans-Pacific Partnership (TPP) at a meeting with Japanese Prime Minister Shinzo Abe in Manila Thursday.
Export orders decline for seventh month in a row
Export orders dipped 5.3 percent annually in October, marking the seventh month of consecutive decline, the Ministry of Economic Affairs (MOEA, 經濟部) reported yesterday.
Taiwan's Tourism Bureau said that its promotional efforts to attract tourists are expected to help achieve its goal of 10 million visitors this year.
As average headcount per household declines, small and medium-sized homes have become more popular in Greater Taipei, a real estate agency said.
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Siew returns from Manila after APEC forum leaders' meeting
Former Vice President Vincent Siew (蕭萬長) returned to Taipei Friday after attending the Asia-Pacific Economic Cooperation (APEC, 亞太經合會) forum leaders' meeting Nov. 18-19 in Manila.
Shares in Taiwan moved sharply higher Thursday to close above the 8,400-point mark, led by biotechnology stocks and buoyed by an overnight rally on Wall Street, where the Dow Jones Industrial Average closed up 247 points, dealers said.
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