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July, 26, 2016

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Business > Asia
Export orders in June crawled back 5.9 percent to US$35.7 billion from May, yet sank 2.4 percent year-on-year and entered the 15th straight month of decline for the nation, worse than the 12-month streak during the global financial crisis in 2008, the Ministry of Economic Affairs (MOEA) reported Wednesday.
 
The Financial Supervisory Commission (FSC, 金管會) said Tuesday that all of the 37 banks registered in Taiwan passed a stress test held in April.
 
Visitors to Taiwan often choose to spend their time enjoying the country's food culture and scenic sites, but a group of Mexican students who visited Taiwan last week decided to create a different memory for themselves.
 
China insisted its controls over some raw materials exports were legal, after the European Union followed the United States to take it to the World Trade Organization over the restrictions.
 
Shares in Taiwan closed lower Wednesday, apparently affected by weak performance of large-cap electronics stocks and the financial sector, but the market's benchmark index remained above the 9,000-point mark, dealers said.
 
HTC Corp. (宏達電) announced on Monday that it would participate in the Advanced Wireless Research Initiative (AWRI) led by the U.S. government, and collaborate with the country in developing next generation internet technology.
 
The Taiwan Stock Exchange Co. (TWSE) announced Tuesday that Lida Holdings Limited opened for trading on July 20. Since the company is newly listed after its initial public offering, there is no restriction on price fluctuation for the first five trading days, said the TWSE.
 
Shih Hsin University (世新大學) confirmed Tuesday that it was providing full waivers on school administrative fees for students suffering financial hardships, claiming to be the first university in Taiwan to implement this kind of program.
 
The Taiwan Stock Exchange (TWSE, 台灣證券交易所) has eased rules on screening mergers and acquisitions (M&A) on hopes that streamlining the law will help upgrade the local industry.
 
The first of 10 direct charter flights offered from Hong Kong to Hualien in eastern Taiwan over the summer arrived Wednesday, carrying 168 Hong Kong tourists.
 
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