Friday, May 22, 2015
The Executive Yuan said Thursday that a capital gains scheme targeting the local property market is scheduled to go into effect in 2016, with Premier Mao Chi-kuo (毛治國) saying that this will be a milestone in Taiwan's tax reforms.
Shares in Taiwan came under heavy pressure to end below the 9,600-point mark Thursday as selling focused on the financial sector amid worries over an increase in non-performing loans, dealers said.
The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.032 to close at NT$30.650 on reduced concerns that the U.S. Federal Reserve will kick off an interest rate hike cycle in June, dealers said.
Taiwan Stock Exchange Corporation (TWSE) recently initiated a campaign to promote its Facebook fan page, in an attempt to enhance communication with the public.
HSBC Bank (China) opened a branch in Fuzhou yesterday, making it the first international bank to offer services in the China (Fujian) pilot "free-trade zone."
New Zealand confirmed Thursday it had failed to meet a pledge to deliver a budget surplus this year, although Finance Minister Bill English insisted the government's books were on the right track.
Australian Treasurer Joe Hockey said Thursday his government will not set up a parliamentary inquiry into the massive iron ore sector following discussions with regulatory bodies and industry players.
Thursday, May 21, 2015
Auto parts company Iron Force Industrial Co. (劍麟) said yesterday that air bags received from Takata Corp. have no safety issues in the midst of the largest vehicle recall in the United States due to the Japanese merchant's defective air bags.
International orders received in April fell 4 percent compared with a year ago, putting an end to almost two years of consecutive growth the nation has seen.
The nation's finance minister, who is leading revisions of his ministry's property tax scheme, said yesterday the completed draft will include a surface rights tax that is expected to lighten payments.