Sunday, December 22, 2013
Although the New Taiwan dollar has been falling steadily against the U.S. dollar in the past nine trading sessions, there are few signs that foreign investors are moving large amounts of funds out of the country, market analysts said yesterday.
Taiwan's industrial production index is likely to show year-on-year growth for November, in a three-month gaining streak driven by solid global demand for handheld electronic devices, the Ministry of Economic Affairs (MOEA) said yesterday.
With a five-year contract recently signed with BlackBerry, Hon Hai Precision Industry (鴻海精密) is expected to build more budget smartphones for emerging markets in Mexico and Indonesia.
Saturday, December 21, 2013
As of the end of November, the number of foreign workers employed in Taiwan was tallied at 484,367 persons, up by nearly 40,000 from figures recorded last year, according to a latest update published by the Council of Labor Affairs yesterday.
President Ma Ying-jeou expressed hope Friday that Taiwan and the European Union can soon achieve a breakthrough in economic cooperation.
In aiming to allay recent concerns over the issuance of “Formosa bonds,” the Financial Supervisory Commission (FSC, 金管會) yesterday provided a lengthy report to the media, saying that Taiwan's economy and enterprises stand to gain more benefits than harm from the instrument.
The Taiwan dollar faces downward pressure against the U.S. dollar on expectations that foreign investors will move funds out of Asia after the U.S. Federal Reserve announced a gradual exit from quantitative easing, analysts said Friday.
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.035 to close at NT$29.980 in line with other regional currencies following an announcement by the U.S. Federal Reserve that it will taper off its economic stimulus measures, dealers said.
Shares in Taiwan closed little changed Friday as the market fell into consolidation mode following gains seen a session earlier, dealers said.
Academia Sinica, Taiwan's top research institute, has again lowered its forecast for the country's economic growth for the year in light of continued weak exports and sluggish private consumption.