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December, 5, 2016

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Business > Asia
NT$10 billion auto insurance deal clinched
Trans-IoT general manager Lin Chun-yen (林俊彥) (left) poses with a representative from Taian Insurance at the announcement event for a joint automobile-related usage-based insurance plan on Thursday, Nov. 17. This is a NT$10 billion deal for Trans-IoT, a subsidiary of Foxconn.
 
India announced new measures Thursday to allow farmers and marrying couples to withdraw more money from banks, as frustration mounted over a cash crisis triggered by the withdrawal of all high-value notes.
 
Fidelity International launches Asian bond fund
Fidelity International (富達投信) has announced the launch in Taiwan of a new Fidelity Taiwan-Asian Total Return Bond Fund.
 
Malaysia pins trade pact aspirations on Abe-Trump meeting set for New York
Malaysian Prime Minister Najib Razak on Wednesday expressed hope that Japanese counterpart Shinzo Abe can persuade U.S. President-elect Donald Trump of the merits of a languishing Pacific free trade deal.
 
Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency bitcoin, the city-state's central bank chief said Wednesday.
 
Shares in Taiwan staged a mild technical rebound on Wednesday, after falling for four of the previous five trading sessions, with the market's weighted index briefly rising back above the 9,000-point mark, dealers said.
 
The world's first pizza drone delivery was claimed on Wednesday by the New Zealand division of fast food giant Domino's, as it looks to grab a slice of a potentially hot future market.
 
The U.S. dollar fell against the Taiwan dollar on Wednesday, shedding NT$0.022 to close at NT$31.848 as the local currency continued a technical rebound from a recent slump, dealers said.
 
World's youngest stock market struggles in Myanmar
The day's trading is about to begin on the world's youngest stock exchange, and the MYANPIX index and opening share prices flash across an electronic screen, but barely a footfall or a voice are heard within the cavernous, colonial era building in the bustling heart of Myanmar's commercial capital.
 
Most expensive watch
This picture shows a Patek Philippe stainless steel perpetual calendar chronograph wristwatch with moon phase. The watch sold for a record US$11 million in Geneva, an auction house said Monday, Nov. 14.
 
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