Friday, October 17, 2014
China's overseas investments almost doubled year-on-year to US$9.79 billion in September, the government said Thursday, again exceeding incoming funds even though they recovered from multi-year lows.
Following in the steps of local peers, Shinkong Life Insurance (新光人壽) is poised to increase its investments in commercial real estate markets in major cities across Vietnam, Myanmar, mainland China and elsewhere.
As more Asian insurers increase capital deployment to the global real estate market in the next five years, Taiwanese and mainland Chinese insurance giants are expected to be more active given the dull market at home.
Shares in Taiwan recovered most of their earlier losses Thursday as bargain hunters turned active by buying into select high-tech stocks after a recent sell-off, dealers said.
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.010 to close at NT$30.410 as Washington's disappointing economic data prompted traders here to cut their greenback holdings, dealers said.
Advanced Semiconductor Engineering Inc. (ASE, 日月光半導體) has decided to issue overseas convertible bonds worth up to US$400 million, a move market analysts say is aimed at developing high-end technology to maintain its global lead.
Thursday, October 16, 2014
In a bid to assist ongoing government policies aimed at stimulating tourism, the central bank yesterday announced that it is mulling a move to raise the limit on the amount of New Taiwan dollars visitors may bring into the country from NT$60,000 to NT$100,000.
Taiwan's average wealth per adult in U.S.dollar terms grew 3.7 percent annually during the 2000-2014 period based on the current greenback value, according to a Credit Suisse report.
Ahead of TSMC's (台灣積體電路) earnings report taking place today, institutional investors yesterday announced upbeat outlooks affirming the stellar prospects of the world's largest contract chip-maker's 10-nanometer fabrication technology.