Thursday, January 29, 2015
Thanks to falling oil prices and stable price levels in general, the local consumer confidence index (CCI) rose to all-time high of 88.23 points in January, according to a study conducted by the National Central University.
As some retailers are beginning to raise chicken prices, the Council of Agriculture (COA), Executive Yuan, said that the raise is unjustified as there is still plenty of inventory.
Taiwan is among the top five markets in terms of revenue for official Android app store Google Play, said Chris Yerga, vice president of Google engineering and head of Google Play Asia Pacific.
Taiwan has risen three notches to rank 14th in the Heritage Foundation's Index of Economic Freedom for 2015, extending gains made since 2009.
The U.S. dollar rose against the Taiwan dollar Wednesday, gaining NT$0.003 to close at NT$31.328 as the local central bank stepped in to help the U.S. currency recoup its earlier losses, dealers said.
Shares in Taiwan closed slightly lower Wednesday with select high tech stocks resilient to give support to the broader market, which cushioned a dive on Wall Street overnight, dealers said.
A pick-up in core consumer prices in Australia has reduced the likelihood of a near-term interest rate cut, even as official statistics showed Wednesday that plunging oil prices slowed inflation in the last three months of 2014.
Wednesday, January 28, 2015
The economic monitoring indicator flashed yellow-blue in December, representing a transitional economy, ending 10 months of a green signal, which represents a stable economy, said a National Development Council (NDC) report.
The latest government figures show that mainland Chinese investors bought only 45 properties valued at a total of NT$820 million last year, seven fewer than the year before.
Shares in Taiwan closed higher Tuesday, extending the market's winning streak to six sessions for the first time since December 2013, on the strength of buying by foreign institutional investors.