Friday, July 4, 2014
The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.030 to close at the day's high of NT$29.935 as the greenback reversed its earlier losses on the back of buying from the local central bank, dealers said.
The Ladies Professional Golf Association (LPGA) Taiwan Championship 2014 will be held between Oct. 31 and Nov. 2, and a record 20 players from Taiwan will participate in the event.
A surplus in housing is common in parts of Northern Taiwan, especially in the Tamsui District, according to a report released by My Housing magazine yesterday.
The first outlet in Taiwan of Japanese restaurant chain Sukiya began a four-day trial run Thursday, attracting enthusiastic fans who lined up for its famous curry and beef bowls.
When huge crowds took to Hong Kong's streets this week to voice anger at Beijing's ever-tightening grip, an unlikely group was marching in step: wealthy financiers fighting mainland influence over the city's markets and political life.
China announced another modest easing Thursday of its currency controls, saying banks will be allowed to set their own exchange rates in dealings with customers.
Thursday, July 3, 2014
Lai Cheng-i (賴正鎰), a prominent developer who heads Taiwan's General Chamber of Commerce (全國商業總會), questioned the government's credibility on Wednesday after the Ministry of Finance said it was planning on changing how profits on property sales are taxed.
In 2013, earnings in mainland China were on average 1.36 times higher than those in Taiwan, according to a survey conducted by 104 Job Bank.
Market capitalization of Taiwan Semiconductor Manufacturing Co. (TSMC,台積電), the most heavily weighted stock in the local market, hit a record high Wednesday after the stock steamed ahead amid optimism over its earnings outlook.
Taiwan's Purchasing Manager Index (PMI) registered at 58.2 in June, indicating great expansion in the manufacturing sector, according to a report released by the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) yesterday.