Saturday, August 30, 2014
Labor and employers' representatives arrived at a consensus to raise the monthly minimum wage by NT$735 to reach NT$20,008, while the minimum hourly wages will be raised from NT$115 to NT$120, effective July next year.
President Ma Ying-jeou said yesterday that Taiwan's economy as well as small- and medium-sized enterprises have benefited from the Economic Cooperation Framework Agreement (ECFA).
Tax revenues in the first seven months reached a new high of NT$1.19 trillion, with securities trading tax revenues surging 34.3 percent to hit a three-year high of NT$54.1 billion.
Shares in Taiwan closed lower Friday, extending losses from a session earlier in the wake of losses posted on Wall Street overnight amid renewed geopolitical concerns related to Ukraine, dealers said.
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.005 to close at the day's high of NT$29.970 as the greenback recouped its earlier losses on the back of local central bank intervention, dealers said.
Friday, August 29, 2014
The financially troubled Singapore Flyer, one of the world's tallest observation wheels, has been bought by a local firm for SG$140 million (US$112 million), more than a year after being put in receivership.
The Financial Supervisory Commission (FSC, 金管會), Taiwan's top financial regulator, expects the number of small businesses registered on the local incubation board to hit 300 in four years.
With growing competition in the 4G market, Chunghwa Telecom (CHT, 中華電信) yesterday announced its new 4G data plan deals, increasing allowed data use while lowering prices, hoping to attract more customers.
Asustek Computer (華碩電腦) was unseated by Lenovo Group (聯想集團) as the world's third largest tablet vendor in the second quarter, according to the International Data Corporation (IDC) Taiwan.
Shares in Taiwan closed little changed Thursday as investors locked in gains they built up a session earlier amid fears over a possible technical pullback, with the index moving closer to the 9,500-point mark, dealers said.