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Tuesday, May 12, 2015
AU Optronics Corp. (AUO, 友達光電), one of the world's leading providers of optoelectronic solutions, yesterday announced a top level personnel change as K.Y. Lee (李焜耀) resigned as chairman and the company's board of directors appointed S.L. Peng (彭双浪) to serve as chairman and president effective immediately.
Indian private banker K.V Kamath was named Monday as the first head of a new development bank being set up by the so-called emerging BRICS nations, officials said.
As tourists flooded the nation in recent years, constructions firms, investors and developers alike are making headway in the hotel industry, as a result, hotel-related trading saw a two-fold increase in the past two years, according to Sinyi Realty (信義房屋).
Finance Minister Chang Sheng-ford (張盛和) yesterday cautioned participants in the yuan market to watch out for possible currency weakening in the wake of China's third interest-rate cut in six months.
Deputy Interior Minister Chen Chwen-jing (陳純敬) yesterday dispelled media reports by saying that the Ministry of the Interior's (MOI) plan to launch digital identification cards is still at the developmental stage.
Taiwan's Compal Electronics Inc. (仁寶), the world's second-largest contract maker of laptops, forecast lower-than-expected shipment growth for the current quarter Monday, citing weak PC demand prior to the launch of the Windows 10 operating system.
The Financial Supervisory Commission (FSC) recently relaxed the conditions for foreigners to open local bank accounts, hoping to use the loosened policy to attract foreign investment.
Australia's top finance official said Monday he will introduce legislation to force global corporations to pay a fair amount of tax on their Australian earnings.
South Korea accused Pyongyang on Monday of masterminding a work slow-down at the Kaesong joint industrial zone in a bid to push wage-rise demands for the 53,000 North Korean workers employed there.
Businesses believe the Bank of Thailand's (BOT) move to lower the policy interest rate and relax foreign exchange regulations have depreciated the baht and made it easier for firms to invest abroad.
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