Tuesday, December 23, 2014
South Korea lowered its growth forecast for next year, citing persistently weak sentiment among consumers and businesses. But the government predicted that overall economic conditions will improve from this year thanks to government measures, recovery in the U.S. economy and the fall in oil prices.
South Korea's nuclear power plant operator launched a two-day drill Monday to test its ability to thwart a cyberattack, after a series of online information leaks by a suspected hacker.
Foreign orders totaled US$43.51 billion in November, down 3.1 percent from October but up 6 percent from a year ago, according to a report released by the Ministry of Economic Affairs (MOEA) yesterday.
Following Monday's rosy employment report from the Executive Yuan, 1111 Job Bank (1111人力銀行) forecast that the next quarter looks even better, with hiring sentiment at the highest in two and a half years.
Taiwan's unemployment rate fell slightly in November to 3.89 percent, the lowest for that month in seven years, the Directorate General of Budget, Accounting and Statistics (DGBAS) said Monday.
The Australian representative office in Taiwan recently urged all Taiwanese visitors to Australia to purchase insurance before traveling in response to the rising number of R.O.C. nationals visiting the country, many of them on the working holiday program.
Taiwan's official postal service Chunghwa Post Co. (中華郵政) has decided not to go ahead with a plan to invest in the securities market in China, the company's chairman Philip Ong (翁文祺) said Monday, citing public concerns and investment risks.
Taiwanese light-emitting diode (LED) makers are fast losing their market shares to Chinese vendors, with a Chinese company recently overtaking a Taiwanese producer as the second largest LED company in Greater China.
Shares in Taiwan opened higher and maintained momentum throughout the session on the strength of Wall Street and the postponement of a domestic tax on gains from stock trades originally expected to take effect next year.
A program launched by the Kinmen Livestock Research Institute in 2011 is starting to pay dividends, yielding steaks and other beef products that offer unique hints of flavor from outlying Kinmen County.