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September, 1, 2016

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Business > Asia
Government to build platform for smart industry: president
President Tsai Ing-wen said Wednesday that the government would integrate resources to create a smart industry platform and will also introduce key technology into the market to pave the way for local investment in the field of intelligent manufacturing.
 
Shares in Taiwan closed lower Wednesday but remained above the 9,000-point level as many investors stayed on the sidelines, keeping a close eye on how Washington will report its nonfarm payroll data for August later this week for a clearer picture about the global economy.
 
Fast food, the Acer way
Carsten Dreissig, sales manager in Germany for Acer, is seen speaking to the Central News Agency on Wednesday, Aug. 31. Dreissig said an electronic board system developed by Acer has been used by German fast-food chain Bobby & Fritz.
 
Taiwan's manufacturing sector ended a 15-month contraction in July, but it is still too early to say whether the rebound will last, according to the Taiwan Institute of Economic Research (TIER).
 
Galloping growth
A Cambodian farmer prepares an oxcart after her day's work in a rice farm at Samroang Teav village on the outskirts of Phnom Penh, Cambodia, Tuesday, Aug. 30. Cambodia's Ministry of Economy and Finance has predicted solid 7-percent GDP growth for the country in 2016.
 
Taiwan has been named the world's best place to live for expatriates in the latest InterNations Expat Insider Survey, impressing foreigners living in the country with its quality of health care and the ability to make a good living.
 
China officially launched a new multibillion-dollar jet engine conglomerate with almost 100,000 employees at the weekend, as Beijing seeks to become an aerospace power and compete with the likes of Rolls Royce and General Electric.
 
Gas vehicle
A Kashmiri man pushes his bicycle carrying a cooking gas cylinder as it rains in Srinagar, Indian-controlled Kashmir, Sunday, Aug. 28. The area's development has been held back by years of conflict, which has intensified in recent weeks.
 
The lack of business confidence among private companies has emerged as one of the most worrying trends for China's economy, the world's second largest.
 
Perng Fai-nan (彭淮南) said Monday that he did not influence the personnel decisions of Mega Financial Holding Co. (兆豐金控), after radio personality Clara Chou (周玉蔻) questioned whether the central bank head had used his position to help brother-in-law Shiu Kuang-si (徐光曦) secure the chairmanship of the scandal-hit financial group.
 
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