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March 30, 2017

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Business > Asia > Taiwan
Shares in Taiwan extended losses from the previous session on Friday, when trading volume continued to shrink with more foreign institutional investors away for the upcoming Christmas holiday, dealers said.
 
Sentiment in the local service sector improved in November, with an index that gauges the outlook of firms in the sector reaching its highest level for 17 months, according to a survey released by the Taiwan Institute of Economic Research (TIER) on Friday.
 
1.68% GDP boost forecast for 2017
Taiwan's economy is expected to grow at a slightly higher rate next year compared to 2016, Taiwan's top research body said.
 
Average real earnings decline
Average real monthly earnings of employees in Taiwan in the first 10 months of 2016 were down 1.03 percent from the same period a year earlier and at about the same level they were at 16 years ago, according to government figures released Thursday.
 
Central bank says key interest rates to remain the same
The Central Bank of the Republic of China (Taiwan) has kept its benchmark interest rates steady for a second straight quarter, a move in line with market expectations.
 
Shares in Taiwan trended lower on Thursday, falling below the 9,200 point mark, amid cautious sentiment ahead of a central bank policymaking meeting due later in the day, dealers said.
 
Acer approves NT$6.34 bil. impairment charge
Taiwan-based PC brand Acer Inc. on Tuesday said its board of directors agreed at a special meeting to recognize an impairment charge of approximately NT$6.34 billion, mainly that of intangible assets of its new cloud-related business.
 
Taiwan Mobile's flagship store gets a robot receptionist
A humanoid robot named Pepper began serving Monday as a "super receptionist" at the Taipei flagship store of Taiwan Mobile Co., one of Taiwan's major telecommunication service providers, which revealed that more of the robots will be used at some of its other outlets next year.
 
International shoppers in Taiwan may soon be able to make credit card payments in currencies other than the New Taiwan Dollar, as local financial regulators announced plans to adjust regulations.
 
Shares in Taiwan extended losses from the previous session Monday, with the weighted index falling below the 9,300 point mark in the wake of the latest losses on Wall Street, which raised worries about a further downturn in the U.S. market in the wake of its recent strong showing, dealers said.
 
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