Saturday, November 1, 2014
If the current economic growth pattern continues, emerging countries are set to comprise about 60 percent of the world economy in 2026, while the rest will be represented by the developed economies, a noted Canadian economist said in a speech in Taipei.
Declines in China's new home prices slowed in October, a survey showed Friday, though figures still fell for a sixth straight month as property woes weigh on growth in the world's second-largest economy.
The Ministry of Labor (MOL,勞動部) yesterday announced that it has given refunds to 96 percent of dispossessed workers left behind without retirement benefits, severance pay and back wages owed to them following a wave of factory closures by unscrupulous proprietors between 1996 and 1998. Their struggle lasted 17 years.
Taiwan Mobile (台灣大哥大) remained the top earner among local telecom carriers with earnings per share (EPS) of NT$4.45, followed by Chunghwa Telecom (CHT) with NT$3.94 and Far EasTone (FET) with NT$2.90.
China Airlines (CAL, 中華航空) on Thursday announced it has again won the annual Enterprises Environmental Protection Award (中華民國企業環保獎), taking home a gold medal.
Shares in Taiwan closed higher Friday as bargain hunters bought into market heavyweights in both the electronics and non-high tech sectors, dealers said.
The local market on Thursday went nearly unchanged at 8,888.07 in the wake of a pullback on Wall Street overnight, while the U.S. dollar gained NT$0.026 to close at NT$30.402 against the New Taiwan dollar .
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.076 to close at the day's high of NT$30.478 after the central bank jumped onto the trading floor to reverse the greenback's earlier losses in a bid to maintain Taiwan's global competitiveness, dealers said.
Friday, October 31, 2014
China says it will ease restrictions on credit cards in a move that might give Visa, Mastercard and other foreign competitors greater access to the Chinese market.
The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) forecast that the local manufacturing sector will have a “sluggish” performance over the whole year, and pointed out that the food industry has been in this state for four continuous months.