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June, 1, 2016

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Business > Asia > Taiwan
The Labor Ministry's latest policies would add to the cost of doing business and shrink Taiwan investment, according to Taiwan Institute of Economic Research (TIER).
 
Taiwan's mortgage loans showed a 4.18 percent increase year-on-year in April, but the central bank has warned against jumping to the conclusion that the local property market was actually rebounding.
 
Rice dumpling feast
In this Wednesday, May 25 photo, rice dumplings of different flavors and fillings are on display at Taipei City's Nanmen Market, which hosted an activity to warm up for the upcoming Dragon Boat Festival. The famous traditional market arranged a banquet featuring different kinds of rice dumplings wrapped in bamboo leaves. Rice dumplings are a must for the festival, which falls on June 9 this year.
 
Banks in Taiwan averaged 0.6 percent in return on assets (ROA), to claim the second lowest ranking in Asia, trailed only by Japan, Taiwan Ratings (中華信用評等) reported on Tuesday.
 
Bravo for Bravia!
A model presents a TV set in Sony's Bravia in Taipei, Tuesday, May 24. Sony said its latest TVs in the Bravia line may be available in Taiwan as early as June. The sleek flat-panels are Android TV systems that debut a grid-array backlighting system called Slim Backlight Drive.
 
Model travelers
Models pose at a press conference ahead of a travel fair in Greater Taichung, Tuesday, May 24. Over 283 vendors at 400 booths will offer travel deals at a fair organized by the Taichung County Travel Agency Association (台中市旅行公會). The event runs from May 27 to May 30 at the Greater Taichung International Expo Center.
 
Advanced Semiconductor Engineering Inc. (ASE) and Siliconware Precision Industries Co. (SPIL), Taiwan's two biggest integrated circuit packaging and testing services providers, said Tuesday they are in talks to form a holding company.
 
The U.S. dollar rose against the New Taiwan dollar Tuesday, gaining NT$0.064 to close at NT$32.720 as traders were haunted by fears of an interest hike by the U.S. Federal Reserve, dealers said.
 
Chunghwa Post Co. (中華郵政) on Tuesday apologized for a leak of customer data from its e-commerce site PostMall (郵政商城), the first ever.
 
Shares in Taiwan closed moderately lower Tuesday as investors locked in gains they had built up in an earlier session by cutting their holdings, largely in the bellwether electronics sector, dealers said.
 
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