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May, 1, 2016

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Business > Asia
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.066 to close at NT$32.279 as the local currency recouped its earlier losses on the back of the strength of other regional units, in particular the Japanese yen, after the Bank of Japan (BOJ) refrained from further easing its monetary policy, dealers said.
 
Siliconware Precision Industries Co. (SPIL, 矽品) announced Thursday that its board has decided not to go through with a deal to sell a 25-percent stake to China's Tsinghua Unigroup (紫光).
 
Shares in Taiwan took a beating Thursday as selling focused on large-cap stocks, in particular in the electronics and financial sectors, pushing down the weighted index below the 8,500- point mark at the close, dealers said.
 
The Cabinet gave a green light Thursday to a law amendment proposal allowing the online sale of alcohol.
 
The yen soared against the U.S. dollar Thursday and Tokyo's Nikkei index plunged more than 3 percent after the Bank of Japan (BOJ) shocked markets by not ramping up its stimulus.
 
BoJ surprises as it holds off stimulus, delays inflation target
The Bank of Japan shocked markets Thursday as it held fire on a fresh round of widely expected stimulus measures, sparking questions about whether it had anything left in its arsenal to kickstart the stuttering economy.
 
Daan keeps Taipei's most expensive storefronts
Storefronts in Taipei's Daan District (大安區) still command the highest rents, averaging NT$4,570 per ping (3.3 square meters), followed by Wanhua District's (萬華區) NT$4,093, according to Taiwan Realty's (台灣房屋) research.
 
Philippine Airlines to fly to Osaka from Taipei starting June 25: airline
Beginning June 25, Philippine Airlines (PAL) will operate daily flights from Taipei to Osaka (Kansai Airport), using the 199-seater Airbus 321 aircraft, according to a press release from the Philippine Airlines yesterday.
 
The Taipei District Court (台北地院) ruled yesterday that the Ministry of Finance had broken no laws in a boardroom upset that gave it control of Chang Hwa Bank (彰化銀行) in 2014.
 
A new management team at EVA Air has announced plans for the carrier to increase passenger capacity by 15 percent this year, with 13 new aircraft set to enter operation this year.
 
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