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May, 29, 2016

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Business > Asia > Taiwan
Brokerages in Taiwan are now allowed to open call centers to take orders from their clients to buy and sell securities, according to the Taiwan Stock Exchange.
Citi announces Citigold refresh, Tianmu reopening
In an effort to support the Taiwan consumer banking market to connect to the world, Citibank Taiwan announced on May 20 that Citi's first new smart branch model in the Asia-Pacific region had reopened in Tianmu, Taipei. Meanwhile, the leading global bank also launched its Citigold Diversification Index to deliver a better wealth management experience.
Indigenous Peoples Council awards entrepreneur funds
The Council of Indigenous Peoples (CIP) held an awards ceremony for funds supporting entrepreneurs of aboriginal ethnicity on Tuesday, May 17.
Sniffing out deals
Deal seekers visit the Taipei International Tourism Exposition at the Taipei World Trade Center, Friday, May 20. The event is one of the largest summer tourism expos and features a host of attractive vacation and travel deals. It will run from May 20 to 23. For more information, visit
Taiwan's industry group leaders took a cautiously optimistic stance on economic policies outlined in President Tsai Ing-wen's inaugural speech on Friday.
A New Taipei-based seafood wholesaler was fined NT$15 million by local health authorities on Friday for selling hundreds of tons of expired frozen seafood to luxury hotels.
Domestic gasoline and diesel prices are likely to rise next week to the highest level in almost seven months, based on an increase in international crude oil prices this week, market sources said Friday.
Shares in Taiwan moved higher Friday as select heavyweights in the bellwether electronics sector staged a technical rebound from a session earlier to push the weighted index back to the 8,100-point level, dealers said.
Production value of the manufacturing sector fell 13.79 percent from a year ago to NT$2.822 trillion in the first quarter, the Ministry of Economic Affairs (經濟部) said on Thursday.
Shares in Taiwan moved lower to close below the 8,100-point mark Thursday in the wake of rising fears that the U.S. Federal Reserve will raise its key interest rates in its next policymaking meeting set for mid-June, dealers said.
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