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July, 25, 2016

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Business > Asia
Shares in Taiwan extended their momentum from a session earlier Tuesday, as buying in the financial sector continued to help the broader market recoup earlier losses and return to the 9,000-point mark, dealers said.
 
For the first time in its history, HSBC won "Asia's Best Investment Bank" Euromoney award, one of the most important within the industry, according to a press release from the bank.
 
CIER cuts growth forecast yet again, this time to 0.84%
Dragged down by the weak global recovery, Taiwan's economy will grow just 0.84 percent this year, the Chung-Hua Institution for Economic Research (CIER, 中經院) predicted today.
 
TAIPEI 101 signs MOU to adopt Siemens Navigator
TAIPEI 101 and Siemens Ltd., Taiwan recently signed a memorandum of understanding that paves the way for the adoption of Siemens Navigator, the latest cloud-based building energy and sustainability management platform, according to a press release from Siemens.
 
Developing Asian economies to grow 5.6% in 2016: ADB
The Asian Development Bank said Monday it had cut its 2016 growth projection for developing economies in Asia and the Pacific to 5.6 percent, down from its earlier forecast of 5.7 percent, but added that the economies' performance will remain solid and help offset softness from the U.S. economy and near-term market shocks from Britain's vote to exit from the European Union.
 
Heineken's Tiger Beer debuts in Taiwan
You could feel relaxed after getting off work just by enjoying a delicious stir-fried dish and a bottle of Tiger Beer, newly launched in Taiwan by Heineken Asia Pacific, according to a press release issued by the brewery.
 
Japan firms pursue cool via Vine marketing
What's helping turn Japanese youngsters into stars on Vine, the Twitter-owned social network devoted to looping, six-second video clips, is the stodginess of this nation's business world.
 
The Ministry of Transportation and Communications (MOTC) announced a three-pronged approach to cracking down on illegal ride-hailing service Uber Taiwan, a move the agency said was intended to protect local taxi drivers.
 
The M&A trend is gaining popularity because foreign retailers provide the benefit of experience in management, operations, expansion and development of a distribution system, thus reducing the pressure of competition.
 
LamiGirls launch album
LamiGirls, a 23-member cheerleading team of the Lamigo Monkeys, a professional baseball team of the Chinese Professional Baseball League in Taiwan, pose at a press conference on Monday, July 18, marking the release of their first album. LamiGirls is now the largest girl group in the local entertainment field. The team is composed of amateur and professional dancers, models and show girls.
 
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