Sunday, December 21, 2014
Taiwan is expected to report a new record high in export orders for November in part because of strong demand for Apple Inc.'s iPhone 6 and iPhone 6 Plus, the Ministry of Economic Affairs (MOEA) said Saturday.
Taiwan has asked Switzerland to help return NT$10.4 billion (US$330.44 million) frozen in Swiss bank accounts that was obtained as illegal kickbacks in the 1991 procurement of Lafayette-class frigates from France, prosecutors said Saturday.
Saturday, December 20, 2014
The World Trade Organization (WTO) strengthened its support Thursday for China in a final ruling in a dispute over punitive duties imposed by the United States on a range of Chinese products.
Seven third-party payment developers yesterday said they choose the Financial Supervisory Commission (FSC, 金管會) in the escalating battle over who writes a series of supplementary bills regulating third-party payment platforms.
The Ministry of the Interior (MOI) intends to spend NT$20 billion to improve Taiwan's rural areas over the next four years, in an effort to bridge development gaps between urban and remote areas.
Shares in Taiwan staged a strong rebound Friday as buying was sparked by a rally on Wall Street overnight amid eased concerns that the U.S. Federal Reserve will rush to kick off an interest rate hike cycle, dealers said.
According to an announcement from the central bank yesterday, as early as June 2015 customers will be able to make foreign currency withdrawals directly from a range of domestic banks. This new service is part of an effort to encourage Taiwanese savers to use foreign currency ATM machines and make international banking more efficient for individuals, said the central bank.
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.022 to close at NT$31.472 as traders reacted to the weakness of the Japanese yen by cutting their holdings in the local currency, dealers said.
The Bank of Japan (BOJ) on Friday struck a more upbeat view of the world's number three economy, saying exports were showing signs of picking up while factory output has started to “bottom out.”
Friday, December 19, 2014
Cathay Life Insurance Co. (國泰人壽), the flagship company of Taiwan-based Cathay Financial Holding Co. (國泰金), has agreed to acquire a 20-percent stake in Rizal Commercial Banking Corp. (RCBC) of the Philippines.