Sunday, October 19, 2014
Market capitalization of the Taiwan Stock Exchange (TWSE, 台灣證券交易所) fell more than 5 percent this week compared with a week earlier as the local main board suffered a plunge that reflected the continued foreign institutional selling, according to the TWSE.
E United Group (義聯集團), one of Taiwan's largest conglomerates, has teamed up with Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel, 鞍山鋼鐵集團) for future business expansion in a wide range of industries beyond the steel sector.
The launch of two new iPhones by Apple Inc. is expected to help Taiwanese firms in the U.S. consumer electronics giant's supply chain boost shipments and in turn lift Taiwan's export orders in September, the Ministry of Economic Affairs (MOEA) said Saturday.
The number of social service and charity groups in Taiwan has grown significantly over the past decade, suggesting the public was paying more attention to social welfare issues, the Interior Ministry said Saturday.
Saturday, October 18, 2014
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.011 to close at NT$30.421, as foreign investors moved their funds out of the country, pushing up demand for the U.S. currency, dealers said.
A department store yesterday announced brisk sales on its annual promotional discount, as consumers load up kitchen and cooking products during its annual promotional sales drive season that kicked off on Thursday.
Friday, October 17, 2014
China's overseas investments almost doubled year-on-year to US$9.79 billion in September, the government said Thursday, again exceeding incoming funds even though they recovered from multi-year lows.
Following in the steps of local peers, Shinkong Life Insurance (新光人壽) is poised to increase its investments in commercial real estate markets in major cities across Vietnam, Myanmar, mainland China and elsewhere.
As more Asian insurers increase capital deployment to the global real estate market in the next five years, Taiwanese and mainland Chinese insurance giants are expected to be more active given the dull market at home.