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Wednesday, December 17, 2014
Academia Sinica forecasts 3.42% GDP growth in 2014
Academia Sinica, the nation's top research institute, made an upward adjustment to Taiwan's GDP growth to 3.42 percent in 2014, and predicted that Taiwan will see 3.38-percent growth in 2015.
Cloud-based receipts useful for class action suits: CPC officials
Experts predict that a paperless society is around the corner, but in Taipei it's probably farther away. Cloud-stored receipts, an ambitious government initiative launched in July 2012, were requested in only 4 percent of reported transactions this year, the Executive Yuan's Consumer Protection Committee (CPC, 行政院消保處) said yesterday.
Morgan Stanley remains optimistic toward Chinese phone maker Xiaomi Corp.'s (小米) suppliers despite the Delhi High Court's order last week that its phones be taken off Indian store shelves due to suspected patent infringement.
Shares of Delta Electronics Inc. (台達電), one of Taiwan's leading power management system suppliers, moved sharply higher Tuesday morning after the company announced a deal to acquire Eltek ASA, a Norwegian power conversion specialist, dealers said.
The U.S. dollar fell against the Taiwan dollar Tuesday, shedding NT$0.015 to close at NT$31.327 in the wake of a strengthening Japanese yen, dealers said.
Shares in Taiwan extended their losses Tuesday following a decline in American markets overnight driven by plunging international crude oil prices, dealers said.
Chinese FDI jumps 22.2%: gov't figures
Foreign investment into China accelerated in November, government data showed Tuesday, despite a worsening slowdown in the world's second-largest economy and concerns over business risks.
Tuesday, December 16, 2014
One of the major challenges Taiwan is facing in Southeast Asia is the lack of free trade agreements (FTAs), causing major disadvantages for Taiwanese businesses in the long run, a Foreign Ministry official said yesterday.
High tariffs on some items and lengthy customs clearance processes remain among the greatest challenges faced by Taiwanese exporters to China, said Peter Huang, president & CEO of the Taiwan External Trade Development Council (TAITRA), on Monday.
Ex-VP charts course for cross-strait cooperation
Future cross-strait economic cooperation should aim to benefit the public in tangible ways and to distribute the benefits to all, said former Vice President Vincent Siew (蕭萬長) in Taipei yesterday.
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