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Wednesday, January 27, 2016
The Ministry of Economic Affairs (MOEA, 經濟部) announced last year's private investment figures as NT$1.3408 trillion on Monday, which for the first time fell short of the MOEA's original target of NT$1.4 trillion.
Citing multiple negative factors, researchers at the Taiwan Institute of Economic Research (TIER, 台經院) painted a rather gloomy economic outlook for 2016 at a press event.
Steps taken to ease congestion on Wenhu Line
A series of measures was launched Tuesday to reduce congestion on Taipei Metro's Wenhu Line, and a further proposal to remove seats on some trains to create more standing space is being considered, Taipei Rapid Transit Corp (TRTC) said.
S. Korea growth down as construction slows
South Korea's economic growth slowed in the final quarter of 2015 as a drop in construction investment outweighed an improvement in consumer spending, the country's central bank said Tuesday.
Shares in Taiwan fell on Tuesday, apparently affected by the 200-point decline in the Dow Jones Industrial Average overnight, but the market's benchmark index remained above the 7,800-point mark, dealers said.
The Industrial Economics and Knowledge Center (IEK, 產業經濟與趨勢研究中心), a major industry research group, raised its annual growth forecast for the manufacturing sector's output value to 0.96 percent on Tuesday.
Tuesday, January 26, 2016
Japan's trade deficit fell to its lowest level in four years in 2015, the Finance Ministry reported Monday, as import costs dropped thanks to the collapse in oil prices.
Monday, January 25, 2016
In the annual Triple-A country awards for 2015, Citi Taiwan was one of the biggest winners. Citi Taiwan was honored as "Best Bank - Global," "Best Corporate and Institutional Award -- Global," "Best M&A House," "Corporate M&A Deal," and "Best Loan Deal." It was also worth mentioning that Citi Taiwan has clinched Best Bank Award for the 13th year in a row, according to a press release from Citibank Taiwan.
Sunday, January 24, 2016
New home mortgages extended by five major banks in Taiwan hit a new high in December as home buyers rushed to complete transactions before reforms in January, according to the central bank.
Ruten Auction, a Taiwan-based online auction platform, is seeking a stock listing in Hong Kong as part of its efforts to extend its reach to the greater China market.
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