Thursday, November 13, 2014
To tap the business potential of Myanmar, the Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) recently decided to invest NT$14 billion to develop an industrial park in southern Myanmar.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.033 to close at the day's high of NT$30.750 as the local central bank intervened to help the greenback recoup its earlier losses by the end of the session, dealers said.
Led by surging market acceptance of the iPhone 6, the local plastics and rubber machinery industry is looking to ride the trend's coattails in hopes of a modest recovery in the second half of the year.
Shares in Taiwan took a beating Wednesday as concerns deepened that a free trade agreement (FTA) between China and South Korea will hurt Taiwan's exports badly, dealers said.
Wednesday, November 12, 2014
Leading world economies are spending US$88 billion a year in fossil fuel exploration subsidies, sapping investment from low-carbon alternatives and increasing the risk of “dangerous climate change,” a report said Tuesday.
Japan posted a current account surplus for the third consecutive month in September as a weaker yen helped boost repatriated returns on foreign investment, official data showed Tuesday.
Tuesday, November 11, 2014
South Korea says it has agreed to sign a free trade deal with China that will remove tariffs on more than 90 percent of goods over two decades but won't include rice or autos.
Nearly 50 Taiwanese companies, including some food makers, are participating in an investment fair in the Thai capital in a bid to break into Southeast Asian markets after a spate of tainted oil scandals at home.
Regulators stated that the Shanghai-Hong Kong stock trading link will begin in a week's time on Monday, Nov. 17, spurring on gains in markets across Asia.
China e-commerce giant Alibaba (阿里巴巴) has set US$8.18 billion as its Nov. 11 target for Singles Day online transactions, an annual increase of 42.75 percent.