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May, 3, 2016

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Business > Asia
For the past six years, Taiwan has been the No. 1 electronics exporter to Singapore and owns the largest 30.2 percent in market share, the Ministry of Economics Affairs has said in a report.
 
Shares in Taiwan moved higher Tuesday as suppliers to Apple Inc. staged a technical rebound, giving support to the broader market, dealers said.
 
Vice Finance Minister Wu Tang-chieh said that the National Financial Stabilization Fund would not unload its holdings for the moment as the local equity market continues to move in consolidation mode.
 
The government has continued its efforts to stop Uber from operating illegal ride-sharing services in Taiwan and has so far imposed NT$51.3 million in fines on the company, the Directorate General of Highways (DGH) said Tuesday.
 
Vice Premier Duh Tyzz-jiun said that the Hacks in Taiwan (HIT) association has helped enhance Taiwan's information security technology and talent cultivation by holding activities and forums and the government should certainly extend its support to it.
 
Taiwan Stock Exchange Co. (TWSE) announced that the securities net overbought position by foreign investors was NT$10.13 billion last week. This represented the difference between NT$117.40 billion securities bought and NT$107.27 billion securities sold, according to the TWSE.
 
Asian markets mostly dipped Tuesday on investor caution before Federal Reserve and Bank of Japan policy meetings later in the week, while oil prices rallied after the previous day's sharp losses.
 
Think tank cuts forecast for national 2016 GDP growth to 1.27 percent
The Taiwan Institute of Economic Research (TIER), one of the leading think tanks in the country, on Monday lowered its growth forecast for Taiwan's 2016 gross domestic product (GDP) to 1.27 percent, citing a slow global economic recovery.
 
Global carmakers see rising competition in mainland China
Global carmakers gathered in Beijing on Monday to show off their wares as competition intensifies and growth slows in the world's biggest auto market, with the key SUV and new energy vehicle sectors the focus of attention.
 
Camera lens-maker Largan Precision Co. (大立光) announced Monday that it will pay a divided of NT$63.5 per share, which is a record high for Taiwan's listed companies.
 
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