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Sunday, September 27, 2015
The Kaohsiung Food Show will take place Nov. 5-8, featuring local Southern food, wine tasting and specialties from 13 other countries.
Saturday, September 26, 2015
Rate cut 'a placebo' that could boost service sector
A major think tank yesterday forecast that the Central Bank's cut to its key
Shares in Taiwan closed slightly higher Friday as earlier gains were capped, although the Central Bank cut its key interest rates for the first time after a freeze for the past 16 quarters, to boost the local economy, dealers said.
Shares of Siliconware Precision Industries Co. (矽品) soared Friday, outperforming the broader market as investors took cues to buy from a move by the integrated circuit packaging and testing services provider's management team to raise its stake in the company, dealers said.
Fuel prices in Taiwan are likely to rise next week as a weaker New Taiwan dollar has boosted crude oil purchasing costs, market sources said Friday.
Only 19 percent of office workers who went on to launch their own businesses have succeeded in doing so, and only one third of those people have recovered their costs, illustrating the harsh realities of being an entrepreneur, according to a poll released lately.
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The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.032 to close at the day's high of NT$33.292 after the Central Bank cut its key interest rates a day earlier following a 16-quarter freeze, dealers said.
Japanese Prime Minister Shinzo Abe's faltering bid to conquer years of deflation received a fresh blow on Friday as official data showed consumer prices fell for the first time in more than two years.
Ministers from 12 Pacific nations have set a date this month for what is hoped will be final talks to clinch a vast Pacific free-trade deal covering 40 percent of world trade, U.S. officials said Thursday.
Friday, September 25, 2015
Perng Fai-nan (彭淮南), governor of Taiwan's Central Bank, said Thursday that the bank's decision to cut its key interest rates represented a shift from a relatively accommodative monetary policy to an easy money policy, and does not necessarily follow the decisions made in the United States.
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