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Wednesday, December 2, 2015
Myanmar will open its first major stock exchange next week after months of delays, authorities said Tuesday, as the long-cloistered economy slowly opens up.
Mainland Chinese manufacturing was at its weakest in more than three years in November despite stimulus measures to bolster the world's No. 2 economy while service industries improved, according to an official survey released Tuesday.
In an effort to promote cost efficient and convenient bus routes, Taiwan's tourism bureau recently announced the winners of a contest of Taiwan Tourist Shuttle route design.
Switch to IFRS won't come with higher taxes, says MOF
All profit-seeking enterprises in Taiwan must prepare their financial statements using the International Financial Reporting Standards (IFRS) starting Jan. 1. The Finance Ministry said the switch would not come with higher taxes.
Shares in Taiwan staged a strong rebound Tuesday as large-cap stocks attracted bargain hunters to take advantage of their latest heavy losses recorded a session earlier, dealers said.
Taiwan's purchasing managers index (PMI) for the manufacturing sector fell for the fifth consecutive month in November, with all of the main factors in the index reflecting continued economic sluggishness.
A move by the International Monetary Fund to include mainland China's yuan into the IMF's reserve basket -- the Special Drawing Rights (SDRs) -- on Nov. 30 is expected to prompt central banks in the world to raise the Chinese currency in their portfolios, Standard Chartered Bank said Tuesday.
Asustek Computer Inc. (華碩), one of Taiwan's leading PC brands, said Tuesday that the company has added two new chief operating officers as part of its efforts to improve its management structure.
The U.S. dollar rose against the New Taiwan dollar Tuesday, gaining NT$0.002 to close at NT$32.832, a new high in a the week, after Taiwan's central bank picked up the U.S. currency in the late trading session, helping the unit reverse its early losses, dealers said.
Japan's public pension fund -- the world's biggest -- lost a whopping US$64 billion in the July-September quarter, according to a new report, as global equity markets plunged this summer on fears over mainland China's economy.
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