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Monday, November 23, 2015
SE Asia creates Economic Community
Thirteen years after the idea was mooted, Southeast Asian leaders on Sunday formally created a unified economic community in a region more populous and diverse than the European Union or North America, and with hopes of competing with China and India.
The mainland Chinese economy has shown signs of sharp declines in 2015, and the trend is expected to continue in 2016, with the growth rate forecast at 6.6 percent, according to a report published by Renmin University of China Sunday.
Faster customs process will not compromise food safety: gov't
A hastened customs clearance process for cross-strait trade will not compromise the nation's stringent food safety requirements, the Ministry of Economic Affairs (MOEA, 經濟部) said on Sunday.
Taiwanese now own nearly 25 million active credit cards, among the 38.32 million effective cards issued by the 36 card issuing institutions, and the balance of revolving credit stood at NT$107.6 billion (about US$3.3 billion) as of the end of September, according to statistics released by the Financial Supervisory Commission (FSC) recently.
Taipei-based EVA Air and its domestic and regional subsidiary UNI Air announced Sunday that they will increase flights to South Korea by 55 percent, effective from January 2016 due to growing air travel demand between the two countries.
Indonesia and Malaysia create an OPEC-like council for palm oil
Indonesia and Malaysia, the world's top two palm oil producers, signed an agreement Saturday to set up a council for palm oil producing countries in a bid to ensure price stability by managing production and stock in the global market.
Sunday, November 22, 2015
The Criminal Investigation Bureau (CIB, 刑事局) has recently warned locals of rampant loan scams that many have fallen victim to. Such fraud schemes usually involves victims who reply to advertisements for speedy loans that will approve their applications regardless of their credit history.
Approved mainland Chinese investments in Taiwan for the first 10 months of this year fell by more than 50 percent year-on-year largely due to a relatively high comparison base recorded a year earlier, according to the Investment Commission.
Taiwan registered a net outflow in its financial account for the 21st consecutive quarter in the third quarter of this year, further raising concerns about a fund exodus from the country at a time when the U.S. Federal Reserve is likely to launch an interest rate hike later in the year, a move which could prompt more fund outflows.
Saturday, November 21, 2015
Former Vice President Vincent Siew expressed his wish that Japan will support Taiwan's bid to join the Trans-Pacific Partnership (TPP) at a meeting with Japanese Prime Minister Shinzo Abe in Manila Thursday.
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