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December, 10, 2016

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Business > Asia > Taiwan
Shares in Taiwan moved sharply higher to close above the 9,300 point mark on Thursday as buying was sparked by all-time highs posted by the Dow Jones Industrial Average and the S&P 500 index on Wall Street overnight, dealers said.
 
Travel website TripAdvisor on Wednesday recommended Hualien as an ideal travel destination while announcing its annual "Travellers' Choice Awards for Destinations on the Rise," which ranked the Eastern Taiwan county the seventh-best destination in Asia.
 
Taiwan's exports in November are expected to post double-digit year-on-year growth thanks to an economic recovery in the second half of this year, Minister of Finance Sheu Yu-jer said Wednesday.
 
Financial advisors with international accounting firm PricewaterhouseCoopers (PwC) on Tuesday released tax suggestions for local firms with operations in the United States and U.S. nationals. The suggestions come after President-elect Donald Trump stated one of his top priorities is comprehensive tax reform to significantly lower individual and corporate tax rates.
 
Shares in Taiwan made a significant comeback on Tuesday on the back of a record high posted by the Dow Jones Industrial Average overnight as investors shrugged off the defeat of a referendum in Italy, dealers said.
 
The U.S. dollar fell against the New Taiwan dollar on Tuesday, shedding NT$0.043 to close at NT$31.952 as local traders were sufficiently encouraged by the rebound staged by other regional currencies that they bought New Taiwan dollars, dealers said.
 
Just in time for Christmas?
This Tuesday, Dec. 6 photo shows equipment for a virtual reality (VR) rock-climbing game developed by the Ministry of Economic Affairs (MOEA).
 
Taiwanese artificial intelligence (AI) startup Appier (沛星互動科技) announced Thursday it had received NT$620 million (US$19.5 million) in foreign funding from its recent Series B round of fundraising.
 
Manufacturing activity in Taiwan expanded for the ninth consecutive month in November on the back of a recovery in global demand, giving a boost to the export-oriented sector, the Chung-Hua Institution for Economic Research (CIER, 中經院) said on Thursday.
 
TSMC: the museum
A man walks into the new TSMC Museum of Innovation (台積創新館) on Thursday, Dec. 1. The museum, which took two years to build, will celebrate the history, innovation and impact of the world's largest contract chip-maker Taiwan Semiconductor Manufactory Co. (TSMC, 台積電).
 
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