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Saturday, April 12, 2014
On the back of steady demand from makers of PCs and smartphones, major industry research units forecast Taiwan's semiconductor industry to generate revenue totaling NT$2.09 trillion this year, an 11.1-percent growth from last year.
Taiwan companies spent less on information technology (IT) devices such as LCD monitors, printers, laptop and desktop computers in 2013, amid a lukewarm local economy and economic uncertainties, according to a recent report by GfK.
Shares in Taiwan came under pressure Friday, closing lower as investors took hints from a drop on Wall Street overnight, but the index managed to hold above 8,900 points, dealers said.
National Taiwan University of Science and Technology (NTUST) has emerged as the top winner in the iF Concept Design Award 2014, with five of its entries listed among the “Best 100,” the university said yesterday.
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.002 to close at NT$30.132 to end a four-session losing streak on the back of the local central bank's intervention, dealers said.
A U.S.-backed Pacific free trade pact could cause resentment in Southeast Asia as it would leave some nations in the region better positioned to access America's market than others, a top Philippine official said Thursday.
Friday, April 11, 2014
China reported an unexpected contraction in exports in March, raising the danger of job losses as Beijing tries to overhaul its slowing economy.
HK, Shanghai to begin cross-market trade
China Thursday unveiled a plan allowing cross-trading between Hong Kong and Shanghai's stock markets, in the mainland's latest move to open up its capital markets and promote the yuan as an international currency.
Financial Supervisory Commission (FSC) Chairman Tseng Ming-chung (曾銘宗) on Wednesday acknowledged that a number of regional financial institutions may become a haven to avoid taxation as Taiwan's participation in the U.S.'s Foreign Account Tax Compliance Act (FATCA) approaches on July 1.
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Ex-VP Siew meets Chinese premier at Boao
Former Vice President Vincent Siew (蕭萬長) on Thursday reiterated to Chinese Premier Li Keqiang (李克強) Taiwan's intention to join the China-led Regional Comprehensive Economic Partnership (RCEP) at the Boao Forum for Asia.
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