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Thursday, November 13, 2014
To tap the business potential of Myanmar, the Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) recently decided to invest NT$14 billion to develop an industrial park in southern Myanmar.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.033 to close at the day's high of NT$30.750 as the local central bank intervened to help the greenback recoup its earlier losses by the end of the session, dealers said.
Led by surging market acceptance of the iPhone 6, the local plastics and rubber machinery industry is looking to ride the trend's coattails in hopes of a modest recovery in the second half of the year.
Shares in Taiwan took a beating Wednesday as concerns deepened that a free trade agreement (FTA) between China and South Korea will hurt Taiwan's exports badly, dealers said.
Wednesday, November 12, 2014
Taiwan -- MOEA advocates for ITA expansion
Vice Economics Minister Cho Shih-chao (卓士昭) yesterday vowed to continue efforts to include display panels and manufacturing equipment in future talks on the Information Technology Agreement between China and the U.S.
Taiwan -- Flat panel sector calls for trade pact protection
Major local flat panel manufacturers said Tuesday that they hope the sector will be included among the businesses that may be granted preferential trade status in the negotiation of a trade-in-goods pact between Taiwan and China.
South Korea's completion of a free trade agreement with China will cause great damage to Taiwan's industrial sector, and even lead to a massive job loss, the Taipei-based Chinese National Federation of Industries (CNFI) warned Tuesday.
John Chen (程守宗), chief executive officer of Canada-based smartphone maker BlackBerry Ltd., has met with HTC Corp. (宏達電) Chairwoman Cher Wang (王雪紅) to discuss a possible partnership to expand in China, according to Bloomberg.
Analysts on Tuesday attributed the 10-percent month-on-month sales rise posted in October by Hon Hai (鴻海) Precision Industry Co., the world's largest contract electronics maker, to rising orders from Apple Inc.
Tuesday, November 11, 2014
Taiwan -- China-S. Korea FTA to hurt Taiwan
China and South Korea reached consensus on a free trade agreement (FTA) at the Asia-Pacific Economic Cooperation (APEC) forum in Beijing yesterday, which according to the Industrial Technology Research Institute (ITRI, 工研院)will negatively impact Taiwan's industry by NT$260 billion to NT$650 billion unless Taiwan and China can agree on a cross-strait trade pact.
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