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Saturday, February 14, 2015
Shares in Taiwan closed higher Friday after Wall Street posted gains overnight, but turnover remained low as many investors appeared reluctant to chase prices ahead of the Lunar New Year holiday, dealers said.
The U.S. dollar fell against the New Taiwan dollar Friday, shedding NT$0.155 to close at NT$31.475 as Washington released disappointing job and retail sales reports dampened interest in the U.S. currency, dealers said.
The construction sector got a boost Friday morning after the Ministry of Finance (MOF, 財政部) proposed a day earlier to tax property sellers on the actual sales amount rather than the government-assessed value, dealers said.
Friday, February 13, 2015
A plan released by the Finance Ministry aims to grant tax-exemption to homeowners who sell a home below NT$40 million if they have lived on the property for at least six years.
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New Bank Notes To facilitate the public in their exchange of newly printed bills for the upcoming Lunar New Year, the Central Bank of the Republic of China (中央銀行) said recently that eight different banks will be offering the service until Jan. 17.
MSCI Inc. has added Taiwanese container shipper Wan Hai Lines Ltd. (萬海航運) to the MSCI Global Standard Indexes, while removing Taiwan-based synthetic rubber supplier TSRC Corp. (台橡) from the indexes after a quarterly index review.
Retail sales of poultry have dropped to significantly lower levels recently due to negative consumer sentiment brought about by the recent H5 bird flu epidemic, despite the countdown to the start of the Lunar New Year celebrations and preparations for annual family banquets, according to New Taipei City Poultry Marketing Cooperative (家禽運銷合作社) Secretary-General Wu Fu-cheng (吳富城).
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.066 to close at the day's high of NT$31.630 amid cautious sentiment toward the debt situation in Greece, dealers said.
Shares in Taiwan closed higher Thursday as late-session buying emerged, giving a boost to large-cap stocks and helping the broader market to recoup early losses, dealers said.
H&M holds fashion party to prep for first store opening
Popular clothing brand Hennes & Mauritz (H&M) held a fashion party as a warm-up for the opening of its first ever store in Taiwan on Wednesday.
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