Saturday, September 20, 2014
Taiwan banks' exposure to China hit a fresh high at the end of June on the back of increasing financial exchanges across the Taiwan Strait, according to the Central Bank of the Republic of China (中央銀行).
Face masks made in Taiwan ranked as the No. 1 counterfeit product manufactured mainly for use by mainland tourists, according to statistics compiled by the Customs Administration.
Shares in Taiwan closed little changed Friday as investors decided to lock in earlier gains when the index moved closer to 9,300 points, the nearest level of technical resistance, dealers said.
As the government's measures to curb real estate speculation intensify, the central bank (中央銀行) said the annual growth rate of Taiwan's outstanding home-purchase loans dropped to 4.82 percent in July.
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.002 to close at NT$30.258, as it extended gains from a session earlier on expectations of higher interest rates in the United States, dealers said.
Friday, September 19, 2014
The United States is concerned about Taiwan's treatment of pork imports containing the leanness-enhancing drug ractopamine despite Taiwan's recent progress in seeking trade liberalization, according to a top U.S. trade official at a recent World Trade Organization (WTO) meeting in Switzerland.
Foxconn Technology Group (富士康科技集團) has recently been building an operation center to help link 300,000 cars to the Internet by January 2015, according to a Commercial Times reports.
The Tax Administration, Ministry of Finance yesterday announced that it has imposed a fine of NT$50 million against an offending real estate speculator for manipulating a government program that rewards bonus volume-to-floor area ratio allotments for development projects.
The Industrial Economics & Knowledge Center (IEK, 產業經濟與趨勢研究中心) recently said sales for global wearable electronics devices are expected to reach US$20.6 billion in 2018.
China Mobile Ltd. Chairman Xi Guohua (奚國華) visited the headquarters of Taiwanese smartphone maker HTC Corp. (宏達電) Thursday as part of a business trip to seek further cooperation in fourth-generation (4G) and more advanced wireless technology.