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Sunday, October 11, 2015
Taiwanese banks' branches operating in China incurred their first monthly losses in August since Taiwan's banking sector began extending its reach by setting up branches in the mainland in late December 2010, according to the Financial Supervisory Commission (FSC).
At a time of a slowing economy at home and abroad, earnings in Taiwan's service sector remained weak, as an index gauging the sector flashed a yellow-blue light for the sixth consecutive month in August, indicating sluggishness, according to the Commerce Development Research Institute (CDRI, 商業發展研究院).
Council of Agriculture recognizes young farming talent
The Council of Agriculture (COA) yesterday presented 100 young farmers with certificates recognizing their efforts to reinvent the nation's agriculture, the Central News Agency reported.
The Taiwan External Trade Development Council (TAITRA, 外貿協會) introduced a guidebook for Taiwanese businesses interested in cross-border e-commerce in an event in Taipei.
Saturday, October 10, 2015
The sum of the nation's retirement funds -- the Labor Pension Fund and the Labor Retirement Fund -- topped the NT$2 trillion mark at the end of August, the Ministry of Labor (MOL, 勞動部) reported recently.
US miner Freeport-McMoRan wins assurances on its future in Indonesia
U.S. mining giant Freeport-McMoRan has won assurances on its future in Indonesia, allowing it to move forward with plans to invest US$18 billion in the world's biggest underground mine, the company and government officials said.
An umbrella group of local and foreign banks in smog-hit Singapore has urged members to make "sustainable development" part of their lending requirements, stepping up pressure on companies linked to land-clearing fires in Indonesia.
Friday, October 9, 2015
The number of Taiwanese visitors to Indonesia could grow, now that the Southeast Asian county included Taiwan in its latest round of visa-free privileges Sept. 18, aviation and tourism representatives said Thursday.
Mainland Chinese shares surged Thursday as dealers returned from a week-long break that saw a global advance, but a regional rally mostly petered out, with Tokyo ending a six-day winning streak.
Thursday, October 8, 2015
Exports fall for eighth straight month, says MOF
Taiwan's exports fell for an eighth straight month in September, contracting 14.6 percent year on year to US$22.54 billion, according to a Ministry of Finance (MOF, 財政部) report released yesterday.
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