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January, 20, 2017

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Business > Asia > Taiwan
International shoppers in Taiwan may soon be able to make credit card payments in currencies other than the New Taiwan Dollar, as local financial regulators announced plans to adjust regulations.
Shares in Taiwan extended losses from the previous session Monday, with the weighted index falling below the 9,300 point mark in the wake of the latest losses on Wall Street, which raised worries about a further downturn in the U.S. market in the wake of its recent strong showing, dealers said.
Taiwan is likely to report a year-on-year increase in export orders for a fourth consecutive month in November amid rising global demand in the run-up to the year-end holiday buying spree, the Ministry of Economic Affairs (MOEA) said Sunday.
Standard Chartered Bank has forecast that Taiwan's gross domestic product (GDP) will grow 1.6 percent next year, up from an estimated 1.1 percent growth in 2016, on the back of rising global demand.
The Taiwan Stock Exchange (TWSE) is holding a series of seminars for employees of local securities firms as part of their on-the-job training to update them on regulations related to securities trading in Taiwan.
U.S. policymakers have voted unanimously to increase base interest rates by 0.25 percent, to between 0.5 and 0.75 percent. This marks the first rate hike this year and only the second in the past decade.
This year has been the worst for Taipei's real estate industry in a decade, Taipei Association of Real Estate Brokers said at its annual meeting with the press on Thursday.
Global accounting firm Ernst & Young said Thursday that biotechnology and high-tech companies were expected to account for more than 80 percent of funds raised through initial public offering (IPO) in Taiwan next year.
The National Development Council (NDC), the top economic planning agency in Taiwan, said Thursday that the strengthening of the U.S. dollar after the U.S. Federal Reserve's decision to start raising interest rates again will eventually benefit Taiwan's exports.
Taiwan property market correcting, looking for soft landing: DBS Group
Taiwan's property market is currently undergoing a correction and the capital gains tax imposed on housing sales could continue to impact the home market, although the local economy has showed signs of improvement, Singapore-based DBS Group said on Wednesday.
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