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.
Shares in Taiwan fell to their lowest level in almost six months, reflecting a nearly 3 percent plunge on Wall Street at the end of last week and foreign institutional selling, dealers said.
The government and people of Taiwan should seriously reflect on former Norwegian Prime Minister Gro Harlem Brundtland's advice on sustainable development issues, said Nobel laureate Lee Yuan-tseh (李遠哲).
On his first visit to Facebook-crazy Indonesia, Mark Zuckerberg met the president-elect, spread the word about his company's global Internet-access initiative and posted a photo of himself at an ancient Buddhist temple.