Wednesday, March 25, 2015
The Taiwan Affairs Office (國台辦) of China's State Council (國務院) said Tuesday it is taking steps to help Taiwanese investors in China find ways of securing loans for development projects.
Taiwan-based Hon Hai Precision Industry Co. (鴻海) wants to participate in the management of Sharp Corp. (夏普) if it is to invest in the struggling Japanese electronics maker, Hon Hai Chairman Terry Gou (郭台銘) said in a report in Toyo Keizai.
Taiwan is expected to be the third biggest winner in global trade this year, according to recent surveys by Bloomberg News covering 75 countries and territories.
Publicly traded companies in Taiwan could soon be required to pass on part of their surplus to employees, but firms remain free to choose how much to share, the Ministry of Economic Affairs (MOEA, 經濟部) stressed yesterday.
Shares in Taiwan closed lower Tuesday, with downward pressure focusing on large-cap stocks, as investors here followed the lead of a lackluster Wall Street overnight, dealers said.
Thanks to strong external demand for electronics and rising tourism services, Taiwan's gross domestic product (GDP) is expected to grow 3.7 percent in 2015 and 3.6 percent in 2016, the Asian Development Bank (ADB) forecast in an economic report released Tuesday.
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.120 to close at NT$31.383 as foreign investors continued to move funds into Taiwan, raising demand for the local currency throughout the session, dealers said.
Tuesday, March 24, 2015
A restaurant in eastern Taipei yesterday issued a formal apology for including a controversial “nanny meal” on its menu, which many suspect discriminates against foreign laborers.3 Comments
Taiwan's manufacturing industry is facing a significant shortage of workers, even though some factories are offering monthly salaries of NT$40,000 (US$1,275) for technicians, the Workforce Development Agency reported Monday after compiling data from a local employment website.
Cathay Life Insurance (國泰人壽) won yesterday's public auction to buy Global Life Insurance Co. (國寶人壽) and Singfor Life Insurance Co. (幸福人壽), which were placed in government receivership last year for insolvency and mismanagement.