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July, 1, 2016

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Business > Asia
Dow Electronic Materials celebrates expansion of company's Taiwan site
Dow Electronic Materials, a business unit of The Dow Chemical Company (NYSE:DOW), held a groundbreaking ceremony at its Asia CMP Manufacturing and Technical Center recently to mark the beginning of construction on a significant expansion project to increase production capacity for materials for chemical mechanical planarization (CMP), according to a press release from the company.
 
Shares in Taiwan closed above the 8,600-point mark Thursday as investors here were encouraged by a rally on Wall Street overnight after the turmoil that followed the Brexit vote, dealers said.
 
On the road to recovery?
Trucks move cargo off a container port at an undisclosed location in Taiwan. The Taiwan Institute of Economic Research put May's manufacturing outlook at 9.89 points, a decrease of 0.23 points from April. It represents the 14th straight month of decline, the longest period on record. Economic officials nevertheless said they were confident that Taiwan's overall GDP would show growth in the second quarter.
 
The local manufacturing sector flashed a "blue light" in May, indicating contraction for the 14 consecutive month, the longest period on record, the Taiwan Institute of Economic Research (TIER) said Thursday.
 
Investors' taste for risk picked up in Asian currency trading Thursday with the South Korean won and Malaysian ringgit rising on stimulus hopes and as fears about Britain's exit from the EU ease.
 
Chu Tzer-ming, Minister of the Directorate General of Budget, Accounting and Statistics (DGBAS), said Thursday that Taiwan's economy is likely to return to growth in the second quarter of the year.
 
The local manufacturing and service sectors showed an improvement in sentiment toward their business outlook in May, a survey released by the Taiwan Institute of Economic Research (TIER) showed .
 
Hotai Motor, the local distributor for Toyota vehicles, said that more than 12,000 Toyota cars in Taiwan will have to be recalled because of possible defects in the airbag inflators and emissions control systems.
 
Taiwan Stock Exchange (TWSE) said in a press release that it had halted trading of securities listed by J Touch Corporation (JTOUCH, Stock code:3584).
 
The Taiwan Stock Exchange Co. (TWSE) announced that the net income of all of its securities firms reached NT$1,538 million in May.
 
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