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Tuesday, August 18, 2015
Asian shares were mixed on Monday, with Tokyo helped by better than expected Japanese growth figures and Shanghai boosted by a government pledge to support China's volatile stock markets.
Monday, August 17, 2015
Van Oord, a contracting company from the Netherlands, has been awarded the dredging contract for Kaoshiung Intercontinental Container Center Phase II, valued at approximately 130 million euros (US$144 million).
The Asian Development Bank (ADB) has said it plans to finance three major power projects -- two hydropower plants and a new Nepal-India cross-border transmission line -- in the next few years.
Sunday, August 16, 2015
Migrant domestic helpers will likely see their first pay raise in 18 years with Taiwan seeking an agreement over the scale of increase with countries where foreign workers largely come from, a labor official said yesterday.
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The Ministry of Economic Affairs (MOEA) has expressed support for the controversial car-hire service Uber, but the transport minister has described it as unfair competition.
A logistics subsidiary of Evergreen Group (長榮集團), a Taiwan-based shipping conglomerate, has been badly damaged by the deadly explosions in Tianjin, a busy port city in northern China.
The economy will start climbing up in the fourth quarter and see notable improvement in the first and second quarters of next year, National Development Council (NDC, 國發會) Minister Duh Tyzz-jiun (杜紫軍) said yesterday amid reports of Taiwan's gloomy economic outlook.
Fuel prices in Taiwan are expected to move higher next week as a falling New Taiwan dollar offsets the effects of a drop in international crude oil prices, market sources said Saturday.
The New Taiwan dollar is faced with downside risks at a time when the Chinese yuan is expected to continue a downtrend after a recent sharp fall against the U.S. dollar, according to Swiss banking group UBS.
The Agriculture and Food Agency said Saturday that it has tracked down the rice grown in fields contaminated by slag dumped by a waste treatment company and that the rice harvested from the farmland beside a river in Tainan's Xuejia District has not made its way into the market.
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