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Thursday, August 27, 2015
The U.S. dollar fell against the New Taiwan dollar Wednesday, shedding NT$0.114 to close at NT$32.765 as foreign investors continued moving funds into the region amid reduced chances of an interest rate hike in the United States in September, dealers said.
DBS Bank announces plans aiming to improve online financial services
Singapore-based DBS Bank (星展銀行) on Monday announced plans to improve its online offerings, including updates to the company's mobile banking app and promoting a series of digital customer services.
Shares in Taiwan closed higher Wednesday as the financial sector continued its momentum from the previous day, helping the broader market to rise for the second consecutive session, dealers said.
A Chinese office of the Taiwan External Trade Development Council (TAITRA), Taiwan's main trade promotion body, signed an agreement Tuesday with the China's Sichuan Bureau of Expo Affairs to strengthen cooperation in the convention and exhibition sector.
Wednesday, August 26, 2015
TSMC to close solar energy operations
Taiwan Semiconductor Manufacturing Co. (TSMC, ???), the world's largest contract chip maker, has decided to close its loss-incurring solar energy division at the end of August, saying that its solar operations are "no longer economically sustainable."
FSC holds 'pledging ceremony' for stock market rescue
The Financial Supervisory Commission (FSC, 金管會) called an ad-hoc "pledging ceremony" yesterday to urge the financial sector to help lift the equity market.
The head of Taiwan's leading representative of industries stated yesterday that a return to the predicament of "unpaid work leave" was a possibility due to current economic uncertainties.
With the stock market's recent plunge, the nation may see negative GDP growth in the third quarter, and "1-percent growth" will be the new target that Taiwan has to aim for this year, the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said yesterday.
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.081 to close at NT$32.879 as the local equity market staged a strong rebound, boosting demand for the local currency, dealers said.
CTBC founds Anti-Drug Educational Foundation
CTBC Bank (中國信託) yesterday announced the creation of the CTBC Anti-Drug Educational Foundation (中國信託反毒教育基金會), Taiwan's first corporate-backed anti-drug organization, in an effort to instill a drug-free environment in Taiwan.
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