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June, 26, 2016

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SEOUL - Seoul prosecutors arrested an executive of Volkswagen's South Korean unit on Friday, as part of an ongoing probe into the emissions fraud scandal that engulfed the German carmaker.
Yuanta-Polaris cuts GDP growth forecast to 0.9%
Yuanta-Polaris Research Institute (元大寶華綜經院) on Thursday lowered its annual economic growth forecast for Taiwan from 1.42 percent to 0.9 percent amid disappointing global demand.
Chunghwa Telecom (中華電信) was presented with the "Taiwan Mobile Service Provider of the Year" award by consulting firm Frost & Sullivan recently in Singapore.
Shares in Taiwan pulled back Thursday amid cautious sentiment as the United Kingdom prepared to hold a referendum to decide whether it will stay in the European Union, dealers said.
Dancing in Keelung
Mariachi dancers take to the streets of Keelung, Thursday, June 23. The city kicked off its sixth annual Ocean Eagle Festival to celebrate the 130th anniversary of the opening of its port. The city government invited performers from throughout Taiwan as well as international students to participate in the street festivities.
Japan's national pension fund, the world's biggest, said Thursday it is suing Toshiba over a profit-padding scandal that slashed the value of its stock, as its new boss pledged to overhaul the vast conglomerate.
Taiwan's jobless rate in May hit 3.84 percent, down by 0.02 percentage points from April but up by 0.22 percentage points year-on-year, government statistics showed.
Net income of overall securities firms in May 2016 was NT$1,538 million. Among them, net income of integrated securities firms was NT$1,481 million, net income of securities brokerage firms was NT$60 million, and net loss of FCM that engaged in the securities business was NT$3 million, according to a press release from the Taiwan Stock Exchange Co. (TWSE).
More than 200 leading social entrepreneurs, incubators, and capacity-builders from Asian countries participated in the inaugural Social Enterprise Summit around the theme "Hard Truths and Honest Conversations: Towards Real Impact," hosted by DBS Foundation in Singapore on June 16 and 17.
VietJet Air makes maiden flight to Tainan
VietJet Air -- a Vietnam-based budget carrier -- made its maiden flight from Ho Chi Minh City to Tainan Wednesday, with 138 passengers aboard.
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