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Saturday, July 25, 2015
The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said Friday that it has lowered its forecast of Taiwan's 2015 gross domestic product growth to 3.11 percent at a time when the weakness of the global economy has sent demand lower.
The CSBC Corp. (中船), Taiwan, a government-invested shipbuilder headquartered in the southern port city of Kaohsiung, signed a contract Friday to construct four 1,800 20-foot equivalent unit (TEU) container vessels.
New Taipei signed cooperative agreements with organizations from Japan, Thailand, and Malaysia to form a biotechnology industry alliance at a ceremony held at the Taipei World Trade Center's Nangang Exhibition Hall on Thursday.
Deregulation boosts profit for finance industry: FSC
Taiwan's finance industry has completed 18 overseas mergers and acquisitions and seen a 20-percent jump in fo reign profits since the start of deregulation in 2014, the Financial Supervisory Commission (FSC, 金管會) chairman said yesterday.
Shares in Taiwan ended lower Friday, extending losses from a session earlier, amid lingering fears that the current earnings season on Wall Street will come up with more negative leads to create more volatility, dealers said.
Finance Minister Chang Sheng-ford (張盛和) reiterated Friday that recent heavy losses in the local equity market resulted from the weak economic fundamentals at home and abroad, adding that investors cannot blame the tax issue for the downturn.
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.078 to close at the day's high of NT$31.530 as foreign institutional investors continued moving funds out of the country, dealers said.
Friday, July 24, 2015
The Ministry of Finance (MOF, 財政部) said that it is rolling out a financing platform to allow Miaoli County to repay its creditors as soon as possible.
OBOR should be strongly considered: TAITRA head
Taiwan's economy relies heavily on exports, and the nation should actively participate in regional economic integration, including Beijing's "One Belt, One Road" (OBOR) initiative, said Francis Liang (梁國新), chairman of the Taiwan External Trade Development Council (TAITRA, 外貿協會) yesterday.
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.100 to close at NT$31.452 as heavy losses on the local equity market placed downward pressure on the domestic currency, dealers said.
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