Tuesday, August 25, 2015
Taiwan could not escape the panic that gripped global stock markets on Monday, as the Taiwan stock exchange's benchmark index plunged nearly 5 percent on heavy turnover.
Saturday, August 22, 2015
The Taiwan-Turkey Business Association was established on Friday to promote closer trade and industrial cooperation between Taiwan and Turkey, according to the association.
Heads of finance said yesterday that the conditions in Taiwan's stock market have still not met the terms for government intervention via the National Stabilization Fund (國安基金).
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.198 to close at the day's high of NT$32.876, as the local currency come under pressure from a plunge in Taiwan's equity market, dealers said.
Taiwan's first light rail system, located in Kaohsiung, might not be able to start trial operations by the end of August as more tests and paperwork are needed, city officials said Friday.
Shares in Taiwan plunged Friday in response to volatility in global equity markets amid worries over sluggish demand in the world economy, dealers said.
On the subject of government taxation on stock gains, Chinese National Federation of Industries (全國工業總會) Chairman Rock Hsu (許勝雄) said that the controversy has had a negative impact on the stock market and the debate should come to an end.
Friday, August 21, 2015
Taiwanese on average wait until they are 36.6 years old to begin to planning for retirement, and 22 percent do not start until in their 40s, a survey by an asset management company revealed Wednesday.
The Ministry of Economic Affairs (MOEA, 經濟部) yesterday announced that export orders for July totaled only US$36.29 billion, amounting to a 5.7-percent year-on-year drop, making it the fourth month of consecutive decline.