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Sunday, July 13, 2014
A new HSBC Commercial Banking survey shows Taiwanese businesses that choose renminbi (RMB) to settle their business transactions will move beyond 70 percent in a year, compared with nearly 40 percent currently.
Compal Electronics Inc., one of Taiwan's leading contract notebook computer makers, posted the highest sales in June among its local competitors, market statistics showed Saturday.
Holiway is the first self-owned sports brand in Taiwan and a must-know brand name for fans of skateboarding for its new creation: the skate-free BeeBoard.
PChome Store Inc. launched a large-scale promotional campaign in Taipei's bustling Xinyi District on Saturday, in a bid to capitalize on the expected increase in consumer buying during the upcoming Ghost Festival.
Saturday, July 12, 2014
Convenience store chain 7-Eleven opened its 5,000th Taiwan store in Kaohsiung's Neimen District yesterday, and will open a store on Orchid Island on Aug. 8; however, residents on the island, which currently has no convenience stores, expressed opposition to the idea.
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While Taipei City Deputy Mayor Chang Chin-oh (張金鶚) announced his goal to bring down Taipei's housing prices by 30 percent, real estate company DTZ General Manager Billy Yen (顏炳立) maintained that prices would still be too high for young people in Taiwan to afford.
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Financial Supervisory Commission (FSC) Chairman Tseng Ming-chung (曾銘宗) yesterday downplayed concerns over reports of excessive debt exposure of a Portuguese bank by stating that the isolated incident will not affect the Taiwan market significantly, at a public engagement yesterday.
The National Development Council (NDC) has said that a recent report classified Taiwan's entrepreneurial environment as the third-worst in Asia, better than only Bhutan and Nepal.
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.045 to close at the day's high of NT$29.990 as renewed concerns over debt problems in Europe prompted traders to move their funds into U.S. dollar assets, dealers said.
While Taiwan has the edge in developing a Chinese yuan offshore financial center, there are many obstacles ahead, such as capital flow constraints and the delay in signing cross-strait trade pacts, local experts said.
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