Tuesday, April 8, 2014
The World Bank said Monday developing countries in East Asia will record economic growth of 7.1 percent in 2014, as they benefit from a stabilizing global economy and withstand the impact of US stimulus cuts.
Everlight Electronics (億光), Epistar Corp. (晶元) and other light emitting diode (LED) suppliers recently have seen strong orders growth, triggered by order pull-in from both Taiwan and mainland China's TV customers.
Shares of AU Optronics (AUO, 友達) and Innolux Co. (群創) recently surged dramatically amid rising demand, improving inventory prices and encouraging buying from foreign institutional investors that saw a 1 percent rebound from ten consecutive months of decline.
Economics Minister Chang Chia-juch expressed hope Monday that the Legislative Yuan will handle the service trade pact with China at the same time as it considers legislation monitoring future cross-Taiwan Strait agreements, warning that any further delay of the pact will hurt Taiwan's economy.
Asustek (華碩電腦) today will launch a trio of the Intel-powered ZenFone 4-6 in Taipei, although the target market will be China and the direct competitor will be mainland-based rising smartphone star Xiaomi Technology.
Taiwan's total imports rose by 7.5 percent from a year earlier to US$25.80 billion, while total exports in March grew by 2 percent year-on-year to US$27.76 billion, according to official statistics.
Taiwan shares closed lower Monday as investors remained cautious after the benchmark index reached a 33-month high last week, dealers said.
Encouraged by the Philippine economy's robust growth, Singaporean companies are now keen on tapping investment opportunities in the country's agriculture, retail and infrastructure industries.
Monday, April 7, 2014
The Japanese government is seeking to promote the export of ultra-supercritical (USC) pressure technology power plants to meet expected growing demand in emerging economies, the Nikkei business daily said.