Wednesday, April 9, 2014
Despite the central bank's effort to curb the appreciation of the New Taiwan dollar (TWD), the local unit on Tuesday gained NT$0.05 to close at an over three-month high of NT$30.27 against the greenback.
The Bank of Japan on Tuesday painted an upbeat picture of the world's number three economy and stood pat on its monetary easing program as it assesses the impact of a controversial sales tax rise.
Japan posted its first current account surplus in five months in February, helped by a narrower trade deficit and higher returns on investment abroad, government data showed Tuesday.
Tuesday, April 8, 2014
Taipei City Deputy Mayor Chang Chin-e (張金鶚) hosted a press conference yesterday on behalf of the Taipei City Government to report to the public the current status of the Pre-Sale Houses Inspection program, disclosing a high rate of violations.
The World Bank said Monday developing countries in East Asia will record economic growth of 7.1 percent in 2014, as they benefit from a stabilizing global economy and withstand the impact of US stimulus cuts.
Everlight Electronics (億光), Epistar Corp. (晶元) and other light emitting diode (LED) suppliers recently have seen strong orders growth, triggered by order pull-in from both Taiwan and mainland China's TV customers.
Shares of AU Optronics (AUO, 友達) and Innolux Co. (群創) recently surged dramatically amid rising demand, improving inventory prices and encouraging buying from foreign institutional investors that saw a 1 percent rebound from ten consecutive months of decline.
Economics Minister Chang Chia-juch expressed hope Monday that the Legislative Yuan will handle the service trade pact with China at the same time as it considers legislation monitoring future cross-Taiwan Strait agreements, warning that any further delay of the pact will hurt Taiwan's economy.
Asustek (華碩電腦) today will launch a trio of the Intel-powered ZenFone 4-6 in Taipei, although the target market will be China and the direct competitor will be mainland-based rising smartphone star Xiaomi Technology.
Taiwan's total imports rose by 7.5 percent from a year earlier to US$25.80 billion, while total exports in March grew by 2 percent year-on-year to US$27.76 billion, according to official statistics.