Saturday, May 30, 2015
While protesters continue to fight for pay hikes, a report released yesterday by the Directorate-General of Budget, Accounting and Statistics (DGBAS, 主計處) showed that in 2014, 76 percent of the working class had yet to see any kind of salary increase, even with the Legislative Yuan passing relevant amendments or policies in the past year.
After 11 years, the average starting monthly salary of college graduates has returned to above NT$27,000, according to a survey released by the Ministry of Labor (MOL, 勞動部) yesterday.
The number of visitors traveling between Japan and Taiwan is expected to exceed 5 million this year as the two countries step up their efforts to promote tourism, a Taiwanese official said Friday.
Shares in Taiwan ended lower Friday in consolidation mode, but turnover expanded as foreign institutional investors cut their holdings before MSCI index adjustments took effect after the market close, dealers said.
The weighting of Taiwan stocks in two indices will be lowered with effect from Friday after the market close, as Morgan Stanley Capital International (MSCI) carries out quarterly adjustments of its indices.
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.070 to close at NT$30.871 on the back of further intervention by the local central bank to prop up the greenback, dealers said.
Japanese data on Friday showed a mixed outlook for the world's third-largest economy while a renewed decline in the value of the yen is adding to uncertainty over whether the recovery is gaining ground.
South Korea's industrial output declined for a second straight month in April, reflecting weak exports, government data showed Friday.
Friday, May 29, 2015
Taiwan Semiconductor Manufacturing Co. (TSMC,台積電), the world's largest contract chip-maker, said Thursday that the company is expected to boost its production capacity by 11 percent in 2015 in an effort to strengthen its global competitive edge.
The Ministry of Economics Affairs (MOEA, 經濟部) said it's raising the renewable energies installation target for 2030 to 17,250 megawatts (MW), in order to cope with the declining electricity reserve margin.