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Wednesday, January 21, 2015
The U.S. dollar rose against the New Taiwan dollar Tuesday, gaining NT$0.144 to close at the day's high of NT$31.696 as traders took cues from weaknesses in regional currencies to cut their holdings in the local currency, dealers said.
Shares in Taiwan moved higher Tuesday to close above the 9,200-point mark as Apple concept stocks — the Taiwanese electronics makers in Apple Inc.'s supplier chain — attracted buying on hopes that the latest iPhone models will boost their shipments in the first quarter of this year, dealers said.
Taiwan High Speed Rail Corp. (THSRC, 台灣高鐵) will request nearly NT$400 billion (US$12.7 billion) in damages should the government take over full control of the financially ailing bullet train line, the company said.
The Taipei Computer Association (TCA) on Tuesday called on the Taiwan government to speed up the development of Internet of Things applications as the next driver for the country's economic growth.
Samsung Electronics Taiwan has appointed Sheng-chi Wu as general manager of its enterprise solutions business group, leading the company's business-to-business (B2B) operations in the country.
Taiwan and China will jointly set up a working group this year to develop common standards for four information technology sectors, a Taipei-based cross-Taiwan Strait association promoting industrial standards said Tuesday.
Malaysia trimmed its 2015 growth forecast Tuesday and said the fiscal deficit would be bigger than expected after the sharp fall in oil prices hit the petroleum-exporting nation's economic plans.
Tuesday, January 20, 2015
China's economic growth slows to 24-year low: govt
China's economy grew at its weakest for almost a quarter of a century in 2014, official data showed Tuesday, with authorities describing slower expansion as the "new normal" and analysts tipping further deceleration this year.
Utility prices are set to fall in April: MOEA
A new formula to calculate electricity prices is likely to take effect in April, and given the falling oil prices, the public will be able to enjoy lower utility rates, announced the Ministry of Economic Affairs (MOEA).
Taiwan securities market Gretai's (櫃買) average daily turnover during 2014 hit an eight-year high, at approximately NT$22.2 billion. The year was the second highest recorded in the security market's history, second only to 2007, which had an average daily volume of NT$34.5 billion.
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