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October, 24, 2016

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Business > Asia > Taiwan
Sanxin Outlets Co., a joint venture between Japanese real estate developer Mitsui Fudosan and Farglory Land Development, signed a contract Tuesday with Taiwan International Ports Corp. (TIPC) to build an outlet mall in the Port of Taichung.
State-run Taiwan Power Co. (Taipower) is evaluating a proposal over whether to spend NT$9.5 billion (US$302 million) to rent gas generators from Tokyo Electric Power Co. Holdings, Inc.
Taiwan saw the number of visiting Chinese tourists plummet by 32.41 percent in August compared with the same period of last year, according to Tourism Bureau data, increasing concerns about more serious contraction of the market sector.
As home supply still exceeds demand, real estate prices will likely decline further in the short term, according to real estate agency Eastern Dragon International (東龍不動產).
With a gloomy outlook for the real estate market, 30 percent of home sellers have expressed willingness to lower their asking prices, according to a survey conducted by home price comparison app Ubee (屋比).
The price of electricity will stay the same from Oct. 1 to next April, the Ministry of Economic Affairs' (MOEA, 經濟部) price screening committee decided on Tuesday.
A lawmaker on Thursday proposed a lifelong ban from hiring migrant workers on persons convicted of sexual assault against their foreign employees.
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.010 to close at NT$31.706 as concerns eased over an interest rate hike by the U.S. Federal Reserve, prompting traders to lower their U.S. currency holdings, dealers said.
Medical tourism is one of the six industries to bear the brunt of the drastic decline in the number of tourists from mainland China, with a market loss estimated at NT$245 million this year, according to a special report released by the Chinese-language United Evening News (UEN).
1 Comment
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.224 to close at NT$31.510, as traders here took hints from a plunge in local equities to buy into the U.S. currency, dealers said.
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