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Wednesday

June, 29, 2016

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Business > Asia
China's total borrowings were more than double its gross domestic product (GDP) last year, a government economist said, warning that debt linkages between the state and industry could be "fatal" for the world's second largest economy.
 
The government is considering a mechanism to phase out some of the 26 organ transplantation hospitals in Taiwan that have undertaken few transplant operations, a local news report said on Tuesday.
 
The yen surged Thursday after the Bank of Japan held fire on fresh stimulus measures, as fears over Britain's future in the EU pummel financial markets around the world.
 
Shares in Taiwan took a beating Thursday, closing below the 8,500-point mark amid continued uncertainty and volatility in the global financial markets after the U.S. Federal Reserve cut its domestic economic growth forecast for 2016 and 2017, dealers said.
 
India's cabinet has given its approval to the signing of an air services agreement between India and Taiwan, the Indian government announced Wednesday.
 
Beginning on June 27, the number of bytes allotted for the stock symbols of all listed securities will increase from 6 to 16, according to a press release of the Taiwan Stock Exchange Co. (TWSE, 台灣證券交易所).
 
Evergreen Marine Corp. said that it has gained approval to extend its lease of the Colon Container Terminal (CCT) in Panama for another 20 years, days before President Tsai Ing-wen heads there for the formal opening of the expanded Panama Canal.
 
The Central News Agency launched an updated Chinese language news app Thursday, offering users more customized features and an intuitive interface.
 
Salt of the earth
Visitors pose with a sculpture at a salt sculpture exhibition at the Taiwan Salt Museum in Tainan on Thursday, June 16. The exhibition is one of two sculpture exhibitions being held by the Southwest Coast National Scenic Area Administration. The other, a sand sculpture exhibition, is being held at the Mashagou Coastal Rescreation Area in Tainan.
 
Mainland China on Wednesday brushed off stock index firm MSCI's decision to exclude the country's A shares from its influential global equities index, saying that the gauge cannot be complete without the Chinese stocks.
 
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