Friday, November 14, 2014
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.002 to close at the day's high of NT$30.752 as the local central bank continued its intervention to vault the greenback sharply from its earlier losses, dealers said.
Shares in Taiwan bounced back Thursday from a plunge the previous day, as local suppliers to Apple Inc. benefited from bargain hunting, dealers said.
South Korea's central bank on Thursday kept the key interest rate unchanged at 2.0 percent for November, as its governor warned over a “worrisome” drop in the Japanese yen and its possible impact on exports.
Thursday, November 13, 2014
Facing the pressure that will result from the soon-to be signed China-South Korea free trade agreement (FTA), a senior Ministry of Economic Affairs (MOEA) official said Wednesday that the ministry hopes negotiations between Taiwan and China on a trade-in-goods pact can be accelerated.
A concert called “Songs of the century — a night of classic oldies” (時代之歌 — 懷念金曲演唱會) celebrating pop music of the past at National Dr. Sun Ya-sen Memorial Hall (國父紀念館) was cancelled yesterday 10 minutes before the show started due to the smell of dioxin filling the venue; the fire department was unable to pinpoint the source of the smell.
MediaTek Inc. (聯發科) Chairman Tsai Ming-kai (蔡明介) was again selected by Harvard Business Review (HBR) as one of the best-performing CEOs in the world this year, becoming the only Taiwanese entrepreneur to make the top-100 rankings.
Taiwan's Asustek Computer Inc. (華碩) said yesterday that its third-quarter net income hit the highest level of the past six quarters, due in part to better-than-expected shipments of smartphones.
To tap the business potential of Myanmar, the Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) recently decided to invest NT$14 billion to develop an industrial park in southern Myanmar.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.033 to close at the day's high of NT$30.750 as the local central bank intervened to help the greenback recoup its earlier losses by the end of the session, dealers said.
Led by surging market acceptance of the iPhone 6, the local plastics and rubber machinery industry is looking to ride the trend's coattails in hopes of a modest recovery in the second half of the year.