Saturday, February 6, 2016
The Taiwan Stock Exchange Co. (TWSE) announced that the securities net overbought position by foreign investors was NT$9.14 billion during the week of Feb. 1-3. This represented the difference between NT$82.64 billion securities bought and NT$73.50 billion securities sold, according to a press release from the TWSE.
Friday, February 5, 2016
Labor reforms, and updates on the government's proposed preparations for the Trans-Pacific Partnership (TPP) bid were on the table for discussion at the Cabinet meeting Thursday.
Boosted by the National Financial Stabilization Fund, Taiwan's local equity market has been resilient so far this year, scoring the best performance in the world, according to statistics from the Ministry of Finance (MOF).
Finance Minister Chang Sheng-ford (張盛和) said Thursday that Taiwan exports dropped in double digits in January to mark their 12th straight month of decline.
Technology devices will become more diversified in 2016, with virtual reality, self-driving cars, drones etc., becoming more universal, the government-backed Industrial Economic and Knowledge Center (IEK) reported.
Nearly 78 percent of companies in Taiwan plan to pay their employees year-end bonuses, although the average amount has shrunk to 1.23 months worth of salary, according to the results of a survey released Thursday.
An economic stimulus program that was introduced last November has used up less than half of the allocated funds and therefore should be extended beyond the Feb. 29 termination date, the head of the National Development Council (NDC) said.
Thursday, February 4, 2016
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.128 to close at the day's high of NT$33.808 in reflection of a looming foreign fund exodus, marking the fourth consecutive session in which the U.S. currency moved higher here, dealers said.
Equity investors in Taiwan suffered average losses of almost NT$410,000 (US$12,130) during the Year of the Goat, amid concerns over a slowing global economy and volatility in global financial markets, according to statistics released Wednesday.
Taiwan's Investment Commission on Wednesday gave Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) approval to build its first 12-inch wafer fab in mainland China.