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Sunday, November 22, 2015
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.
CTBC Bank (中信銀), the banking arm of CTBC Financial Holding Co. (中信金), will make inroads into the Malaysia market by setting up a foothold in Kuala Lumpur.
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.
Expecting a rate hike by the U.S. Federal Reserve to come soon, foreign investors have taken a net NT$22.9 billion (US$700 million) out of Taiwan so far in November, Financial Supervisory Commission (FSC, 金管會) Chairman William Tseng (曾銘宗) said yesterday.
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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