Thursday, April 17, 2014
Statistics released yesterday by the Construction and Planning Agency (CPAMI) showed Taipei City's home price to income ratio (PIR) stood atop the globe at 15.01 in late 2013, branding itself as the most unaffordable city to buy property.
The U.S. dollar fell against the Taiwan dollar Wednesday, shedding NT$0.034 to close at NT$30.201 as foreign institutional investors (FINIs) kept buying into local shares to boost demand for the local currency, dealers said.
Shares in Taiwan closed slightly higher Wednesday after a choppy session in which a tug-of-war between selling and buying dominated trading, dealers said.
Wednesday, April 16, 2014
Google Inc. rolled out its cloud computing-based platform for enterprises in Taiwan yesterday on its first stop of an Asian tour to promote its cloud business services.
Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the world's largest contract chip maker, ranked as the biggest spender in research and development in 2013 among the 1,024 local manufacturers listed on the main board and the over-the-counter market in 2013, government statistics showed Tuesday.
China Steel Corp. (中國鋼鐵), Taiwan's largest steel supplier, said Tuesday that its pretax profit for the first quarter fell more than 10 percent from a year earlier largely because of a year-on-year decline in product prices.
In an effort to expand Taiwan's international bonds market, the Taiwan Depository & Clearing Co. (TDCC, 集保中心) held an account opening signing ceremony yesterday with Clearstream, an international clearing Europe-based counterpart.
Shares in Taiwan closed higher Tuesday as the bellwether electronics sector staged a rebound after high-tech stocks posted gains on markets in the United States overnight, dealers said.
As the curtain falls over the biennial Taiwan International Fastener Show (Fastener Taiwan 2014) yesterday, the activity organizer expected the show to create a better-than-expected US$400 million in business.
The Chung-Hua Institution for Economic Research (CIER) has raised its forecast for Taiwan's GDP growth in 2014 because of signs that the global economy is improving.