Thursday, March 26, 2015
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.018 to close at NT31.401 as the local central bank intervened, pushing the greenback into positive territory by the close, dealers said.
The 2015 Taipei Digital Electric Appliance Fair (台北數位家電展) opens today in Taipei with robot vacuum cleaners, air conditioners that can be controlled with a smartphone and other smart appliances, according to the organizers.
Wednesday, March 25, 2015
The Taiwan Affairs Office (國台辦) of China's State Council (國務院) said Tuesday it is taking steps to help Taiwanese investors in China find ways of securing loans for development projects.
Taiwan-based Hon Hai Precision Industry Co. (鴻海) wants to participate in the management of Sharp Corp. (夏普) if it is to invest in the struggling Japanese electronics maker, Hon Hai Chairman Terry Gou (郭台銘) said in a report in Toyo Keizai.
Taiwan is expected to be the third biggest winner in global trade this year, according to recent surveys by Bloomberg News covering 75 countries and territories.
Publicly traded companies in Taiwan could soon be required to pass on part of their surplus to employees, but firms remain free to choose how much to share, the Ministry of Economic Affairs (MOEA, 經濟部) stressed yesterday.
Shares in Taiwan closed lower Tuesday, with downward pressure focusing on large-cap stocks, as investors here followed the lead of a lackluster Wall Street overnight, dealers said.
Thanks to strong external demand for electronics and rising tourism services, Taiwan's gross domestic product (GDP) is expected to grow 3.7 percent in 2015 and 3.6 percent in 2016, the Asian Development Bank (ADB) forecast in an economic report released Tuesday.
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.120 to close at NT$31.383 as foreign investors continued to move funds into Taiwan, raising demand for the local currency throughout the session, dealers said.
China's manufacturing activity contracted in March at its fastest rate in almost a year, HSBC said Tuesday, suggesting worsening conditions in the world's second-largest economy and putting pressure on leaders to further ease monetary policy.