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July, 26, 2016

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Business > Asia
Budget carrier Tigerair Taiwan, a joint venture between Taiwan's China Airlines (CAL) and Singapore's Tiger Airways, Thursday inaugurated its flight to Okayama, a major transit hub in west Japan.
 
Domestic gasoline and diesel prices are likely to move lower next week after international crude oil prices fell because of a continued rise in global oil supplies, sources said Friday.
 
Shares in Taiwan closed above the 8,900 point mark Friday as smartphone camera lens maker Largan Precision Co. (大立光) jumped on the back of an improvement in its gross margin for the second quarter of this year, dealers said.
 
Air pressure
A government representative, right, receives a petition from one of the protesters from Taoyuan's flight attendant union and other labor groups in front of the Ministry of Labor, Friday, July 15. The protesters urged EVA Air to allow its employees to form a labor union.
 
The U.S. dollar tumbled to its lowest level in almost a year against the New Taiwan dollar at one point Friday and ended up shedding NT$0.083 to close at NT$31.990 as foreign investors continued to move funds into the region, dealers said.
 
TSMC reports strong performance in 2nd quarter, grows 11.4%
Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) pulled in a cumulative US$6.84 billion in the second quarter, growing 11.4 percent from the previous quarter and 2.7 percent from the same period last year.
 
DBS releases 'DBS BusinessClass' app for enterprises
DBS continues to provide innovative products and services in order to actively create digital financial environments. DBS has announced the release of the Traditional Chinese (Taiwan) version of the "DBS BusinessClass" app, a community platform that connects SME owners with new teams to help enterprises gain professional knowledge and share practical experience through online consulting and mutual interaction during the business expansion process, achieving their ambitions for business expansion.
 
Carmignac registers first local fund
The income share class of the Carmignac Portfolio Patrimoine flagship fund, is now available to Taiwanese investors, according to a press release from Carmignac.
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South Korea's central bank on Thursday cut the country's growth outlook and kept the key interest rate unchanged at a record low as exports sputters and demand slumps.
 
Japanese stocks led a broad rally on Asian markets Thursday, posting a fourth straight gain as investors took heart from another record close on Wall Street, while the pound rose ahead of a key central bank meeting.
 
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