Saturday, December 21, 2013
As of the end of November, the number of foreign workers employed in Taiwan was tallied at 484,367 persons, up by nearly 40,000 from figures recorded last year, according to a latest update published by the Council of Labor Affairs yesterday.
President Ma Ying-jeou expressed hope Friday that Taiwan and the European Union can soon achieve a breakthrough in economic cooperation.
In aiming to allay recent concerns over the issuance of “Formosa bonds,” the Financial Supervisory Commission (FSC, 金管會) yesterday provided a lengthy report to the media, saying that Taiwan's economy and enterprises stand to gain more benefits than harm from the instrument.
The Taiwan dollar faces downward pressure against the U.S. dollar on expectations that foreign investors will move funds out of Asia after the U.S. Federal Reserve announced a gradual exit from quantitative easing, analysts said Friday.
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.035 to close at NT$29.980 in line with other regional currencies following an announcement by the U.S. Federal Reserve that it will taper off its economic stimulus measures, dealers said.
Shares in Taiwan closed little changed Friday as the market fell into consolidation mode following gains seen a session earlier, dealers said.
Academia Sinica, Taiwan's top research institute, has again lowered its forecast for the country's economic growth for the year in light of continued weak exports and sluggish private consumption.
Friday, December 20, 2013
The global notebook market will continue to contract next year, although in a much gentler decline range,according to a forecast by Taipei-based market intelligence firm WitsView.
The Fed's tapering of its quantitative easing (QE) measures is unlikely to affect the real estate market in Taiwan, local real estate companies said yesterday.
Taiwan's GDP could grow by more than 3 percent in 2014 despite continued global economic uncertainties, the head of a local think tank said during a Thursday conference on Taiwan's economic outlook.