Thursday, October 16, 2014
China Airlines (CAL,中華航空), Taiwan's largest airline, flew its first Boeing 777-300ER to Hong Kong and then Bangkok but it plans to expand the aircraft's route network as more are delivered, the Economic Daily News reported Wednesday.
The U.S. dollar fell against the New Taiwan dollar Wednesday, shedding NT$0.010 to close at NT$30.420 as traders here took cues from a strong South Korean won to raise their holdings in the local currency, dealers said.
South Korea's central bank lowered its key interest rate to a record low Wednesday as it tries to bolster a fragile economic recovery. The bank also downgraded its growth forecasts for Asia's fourth-largest economy.
Wednesday, October 15, 2014
Escalating food safety concerns due to a new cooking oil scandal that surfaced last week may cost Taiwan's food sector NT$12.4 billion (US$408 million) in sales by the end of the year, a ranking economic official said Tuesday.
Ahead of his appearance at the Taiwan Trade Fair (台灣名品展) in Hangzhou, Francis Liang (梁國新), the newly appointed chairman of the Taiwan External Trade Development Council (TAITRA, 外貿協會), yesterday announced that the organization will persist in its mission to promote trade amid the latest flare-up in the nation's food safety crisis.
U.S. anti-dumping sanctions will cast a shadow over this year's Taiwan International Photovoltaic Forum and Exhibition, where one organizer expects turnover could drop to less than half of last year's event.
India's consumer price inflation slid unexpectedly in September to its lowest in nearly three years, data showed Monday, giving greater scope for an interest rate cut that could spur a stuttering economy.
Tuesday, October 14, 2014
Railway officials in Taiwan and Japan vowed on Monday to carry out more projects to boost tourism through namesake stations, one year after the stations launched a program to increase traffic at the two venues and in their cities.
While the stock market plunged some 250 points yesterday, government officials remain confident about Taiwan's fundamentals and denied that the National Stabilization Fund (NSF) will need to be tapped to rescue the stock market.
Amid the massive pullback of foreign capital, foreign institutional investors (FINIs) in Taiwan recorded a net fund outflow of US$256 million last week — the second largest after South Korea in regional markets.