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May, 27, 2016

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Business > Asia
No change to cross-strait trade under Tsai: TAITRA
The Taiwan External Trade Development Council (TAITRA, 外貿協會) said Thursday it expected its usual cross-strait economic and trade activities to continue under President Tsai Ing-wen's administration.
 
Energy stocks jumped in Asia Thursday after oil surged past US$50 a barrel for the first time this year, providing a bright point as regional bourses generally took a breather.
 
The Market Intelligence and Consulting Institute (MIC) under the government-sponsored Institute for Information Industry said Thursday that slower sales of Apple Inc. devices could have an adverse impact on the output of Taiwan's contract electronics makers.
 
Building big
Workers build bamboo scaffolding sticking out over a congested road in Hong Kong, Tuesday, May 24. Bamboo scaffolding is still often used in Hong Kong for construction projects.
 
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.076 to close at NT$32.576, as foreign investors continued to move funds into the region, dealers said.
 
Shares in Taiwan closed little changed Thursday as the broader market fell into consolidation mode after making a strong showing in the previous few sessions, dealers said.
 
Standard & Poor's, a U.S.-based ratings agency, said Thursday that Taiwan's gross domestic product is expected to grow just 1.8 percent in 2016, lagging behind its Asian rivals Hong Kong, South Korea and Singapore.
 
OPPO hits Taiwan
OPPO smartphones are shown in this promotional photo. Mainland China's Oppo Mobile Telecommunications Corp. announced yesterday that its OPPO R9 Plus would be available in Taiwan starting June 1.
 
Annual working hours in Taipei averaged at 2,141 hours in 2015, making it the eighth most hardworking city in the world, according to a report released by Swiss financial services company UBS.
 
Technology supplier Bosch registers strong local growth
Bosch, a global supplier of technology and services, ended its 2015 fiscal year with NT$11 billion (312 million euros) in consolidated sales in Taiwan. The company registered strong growth of 28 percent compared to the previous year, mainly driven by the MEMS (Micro-Electro-Mechanical Systems) sensor business for the consumer electronic market.
 
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