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May, 27, 2016

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Business > Asia
Indigenous Peoples Council awards entrepreneur funds
The Council of Indigenous Peoples (CIP) held an awards ceremony for funds supporting entrepreneurs of aboriginal ethnicity on Tuesday, May 17.
 
Global growth tops agenda as G7 meeting kicks off in Japan
Divisions over reigniting global growth were set to surface at the G7 in Japan Friday, with US Treasury Secretary Jacob Lew expected to stand firm over any action threatening a currency war.
 
Sniffing out deals
Deal seekers visit the Taipei International Tourism Exposition at the Taipei World Trade Center, Friday, May 20. The event is one of the largest summer tourism expos and features a host of attractive vacation and travel deals. It will run from May 20 to 23. For more information, visit http://www.tte.tw.
 
Taiwan's industry group leaders took a cautiously optimistic stance on economic policies outlined in President Tsai Ing-wen's inaugural speech on Friday.
 
A New Taipei-based seafood wholesaler was fined NT$15 million by local health authorities on Friday for selling hundreds of tons of expired frozen seafood to luxury hotels.
 
Domestic gasoline and diesel prices are likely to rise next week to the highest level in almost seven months, based on an increase in international crude oil prices this week, market sources said Friday.
 
Shares in Taiwan moved higher Friday as select heavyweights in the bellwether electronics sector staged a technical rebound from a session earlier to push the weighted index back to the 8,100-point level, dealers said.
 
Production value of the manufacturing sector fell 13.79 percent from a year ago to NT$2.822 trillion in the first quarter, the Ministry of Economic Affairs (經濟部) said on Thursday.
 
Asia stocks were mostly down Thursday, with energy and commodity firms taking a beating as investors digested news that an imminent Federal Reserve interest rate hike could be on the cards.
 
Shares in Taiwan moved lower to close below the 8,100-point mark Thursday in the wake of rising fears that the U.S. Federal Reserve will raise its key interest rates in its next policymaking meeting set for mid-June, dealers said.
 
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