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July, 26, 2016

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Business > Asia > Taiwan
Unemployment rises with entry of new graduates into market
Due to new graduates entering the workforce, the unemployment rate in June rose 0.08 percentage points to 3.92 percent, according to a government census report.
 
The industry production index compiled by the Economics Ministry rose 0.88 percent to 107.61 in June, which marked the second month of consecutive growth and signaled a potential economic rebound.
 
Sounds Fancy
Visitors to the Janfusun Fancyworld in Kukeng Township of Yunlin County, southern Taiwan can experience the virtual reality (VR) performance of a Tyrannosaurus Rex flying over a jeep car, a new recreation service available at the amusement park of the Fancyworld in the summer time. Tyrannosaurus Rex is one of the key animals seen in the famous film, "The Lost World: Jurassic Park."
 
The U.S. Department of Commerce (DOC) has raised an anti-dumping tariff against five Taiwanese exporters who ship certain corrosion-resistant steel products to the U.S. market, citing a correction to a ministerial error in an earlier ruling.
 
Shares in Taiwan closed lower Friday as investors took cues from a pullback on Wall Street overnight to lock in the gains they had built in recent sessions, dealers said.
 
Former Premier Simon Chang (張善政) was named chairman of the Taiwan Mobile Foundation Friday, two months after stepping down at the end of the Ma Ying-jeou administration.
 
Premier Lin Chuan said the government's plan to develop the smart machinery industry in Taiwan is aimed at turning the country into a global R&D and manufacturing hub for the industry.
 
The budget for an episode of an average local TV drama is rarely more than NT$3 million (US$93,748), about 12.5 percent that of the South Korean TV drama "Descendants of the Sun," the Public Television Service (PTS) board of directors has said.
 
A knowledge exchange platform will be established to help Taiwan's banking industry beef up information security, Financial Security Commission (FSC, 金管會) Vice Chairman Kuei Hsien-nung (桂先農) said Thursday.
 
The 2016 BioTaiwan exhibition, which showcases the country's biotechnology industry and matches buyers, researchers and local manufactures, opened in Taipei Thursday.
 
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