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July, 25, 2016

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Business > Asia
In for the competition in Asia region, SCSB opens a branch in Singapore
In accordance with the "New Southbound Policy" of the government and the trend to cultivate the Asian market, the Shanghai Commercial & Savings Bank (SCSB) has been successfully expanding its business in the Asia Pacific, according to an SCSB press release.
 
China's economy expanded more than expected in the second quarter of the year, data showed Friday, fueling hopes growth may be stabilizing, but analysts warned private investment still needed to pick up.
 
A survey shows that nearly 40 percent of employees don't believe any of the Ministry of Labor's (MOL, 勞動部) new workday regulations can be fully realized, expecting companies to violate the law or find loopholes instead.
 
A plot of land in an upscale commercial district of Kaohsiung is seen in this photo provided by the southern port city's government. The Kaohsiung government is looking for investors to develop the plot near the Tucidi Station of the city's .........
 
At the "Taiwan-ASEAN Strategic Investment Partnership Forum" , six representatives from Southeast Asian countries pointed out the challenges that Taiwanese businessmen may confront when investing in the region.
 
Budget carrier Tigerair Taiwan, a joint venture between Taiwan's China Airlines (CAL) and Singapore's Tiger Airways, Thursday inaugurated its flight to Okayama, a major transit hub in west Japan.
 
Domestic gasoline and diesel prices are likely to move lower next week after international crude oil prices fell because of a continued rise in global oil supplies, sources said Friday.
 
Shares in Taiwan closed above the 8,900 point mark Friday as smartphone camera lens maker Largan Precision Co. (大立光) jumped on the back of an improvement in its gross margin for the second quarter of this year, dealers said.
 
Air pressure
A government representative, right, receives a petition from one of the protesters from Taoyuan's flight attendant union and other labor groups in front of the Ministry of Labor, Friday, July 15. The protesters urged EVA Air to allow its employees to form a labor union.
 
The U.S. dollar tumbled to its lowest level in almost a year against the New Taiwan dollar at one point Friday and ended up shedding NT$0.083 to close at NT$31.990 as foreign investors continued to move funds into the region, dealers said.
 
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