Wednesday, September 17, 2014
The production value of Taiwan's communications sector is expected to rise almost 10 percent next year on the efforts of international brands to launch new models, which could boost shipments by local communications companies, a local research group said Tuesday.
Chunghwa Telecom Co., Taiwan's largest mobile operator, reported heavy demand for Apple Inc.'s new smartphone models on Tuesday, saying that the first batch of iPhone 6 and iPhone 6 Plus put up for pre-sale “ordered out” within 40 minutes.
The Hon Hai Group said Monday night it would sue DMG Media if it fails to provide scientific evidence on the relations between Hon Hai workers suffering leukemia and their work environment in the company's factory complex in Shenzhen.
The Organisation for Economic Cooperation and Development (OECD) on Tuesday put forward new proposals it said would “change the rules of the game” for companies which avoid paying huge amounts of tax by exploiting international loopholes.
Alibaba now plans to raise up to US$25.03 billion in its upcoming IPO, making what was expected to be the biggest stock market debut even bigger.
China's outbound investment more than doubled in August to US$12.62 billion, data showed Tuesday, far outstripping foreign direct investment (FDI) into the country, which fell to a four-year low.
As market upswing struggles to find momentum, the Ministry of Labor (MOL, 勞動部) will soon introduce another NT$4.2 billion of state funds into the local share market to boost daily turnover.
DBS Bank (星展銀行) announced recently that it has been named the “Safest Bank in Asia” for the sixth consecutive year by leading trade publication Global Finance.
Shares in Taiwan closed lower Tuesday with the bellwether electronics sector in focus as investors here took hints from heavy losses on the tech-heavy NASDAQ index overnight, dealers said.
The U.S. dollar rose against the Taiwan dollar Tuesday, gaining NT$0.054 to close at NT$30.160, as the weakness of other regional currencies prompted traders here to dump the local unit in exchange for the greenback, dealers said.