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August, 24, 2016

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Business > Asia > Taiwan
Taiwan's industrial production dropped unexpectedly in July, ending two months of consecutive gains, according to statistics released by the Ministry of Economic Affairs (MOEA) Tuesday.
 
The disposable income gap between the highest and lowest income-earning households widened slightly in 2015, with the top 20 percent earning 6.06 times what the bottom 20 percent made, according to government statistics released Friday.
 
Optical conclusion
Taiwan Power Company (Taipower) employees prepare to lay the final stretch of the round-island fiberoptic cable network at a tunnel on the Suhua Highway yesterday.
 
A review committee endorsed by the Cabinet to study the Taiwan Power Company (Taipower, 台電) identified 10 deficiencies within the national grid, including black-box operation, a lack of will to develop green energy, and an operation bogged down by interest groups.
 
Shares in Taiwan closed little changed on thin turnover Wednesday due to a lack of incentives for investors to trade, dealers said.
 
In possibly another sign of strained cross-strait ties, sales of Mato pomelos during the run-up to this year's Mid-Autumn Festival have fallen 90 percent, according to a Tainan City farmers' association.
 
FIH Mobile Limited, a subsidiary of Hon Hai Precision Industry (鴻海), will open a manufacturing facility in India's Maharashtra state before the end of the year.
 
Taiwan Insurance Institute (TII, 保險事業發展中心) Chairman Tseng Yu-chiung (曾玉瓊) said 20 local insurance companies have earned more than NT$400 million in online cases.
 
EVA Air and its Star Alliance partner in Central America, Avianca, have launched codeshare flights between Taiwan and El Salvador, the Taiwanese carrier announced Wednesday.
 
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.090 to close at NT$31.280 as traders in Taiwan took cues from the strength of other regional currencies to cut their holdings in the U.S. currency, dealers said.
 
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