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October, 28, 2016

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Business > Asia > Taiwan
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.010 to close at NT$31.706 as concerns eased over an interest rate hike by the U.S. Federal Reserve, prompting traders to lower their U.S. currency holdings, dealers said.
Medical tourism is one of the six industries to bear the brunt of the drastic decline in the number of tourists from mainland China, with a market loss estimated at NT$245 million this year, according to a special report released by the Chinese-language United Evening News (UEN).
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The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.224 to close at NT$31.510, as traders here took hints from a plunge in local equities to buy into the U.S. currency, dealers said.
Taiwan aims to install 1.52 gigawatts (GW) of solar photovoltaic (PV) capacity by 2018, Cabinet spokesman Tung Chen-yuan said citing a two-year renewable energy development plan devised by the Bureau of Energy under the Ministry of Economic Affairs.
Real estate brokerage sales in the nation plummeted 21.5 percent in the first half of 2016, marking the third straight year of double-digit decline, according to a government census report.
The U.S. dollar fell against the New Taiwan dollar, shedding NT$0.172 to close at NT$31.240, as hopes of an immediate rate hike by the U.S. Federal Reserve were further cut by disappointing service activity data released in Washington overnight, dealers said.
Shares in Taiwan extended momentum from a session earlier and closed above the 9,200-point mark Wednesday, led by Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the most heavily weighted stock in the local equity market, dealers said.
Rising food prices push CPI to grow 0.57%
Consumer goods cost 0.57 percent more in August than in the same month last year, with rising food prices contributing most to the increase, the census bureau reported today.
Taiwan's women have made progress in getting high-level political and business posts over the past 10 years, but their level of empowerment still lags behind that seen in the West, according to a Ministry of Labor report.
Taiwan's service sector remained weak in July, as an index that gauges the climate of the sector continued to point to a slowdown, according to the results of a survey released Monday.
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