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July, 30, 2016

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Business > Asia
Tens of thousands of South Korean auto and shipbuilding workers are set to launch partial strikes this week after negotiations over wage increases stalled.
 
Medeon Biodesign, Inc.'s initial OTC common stock underwriting was executed through auction and public subscription, according to a press release from the Taiwan Stock Exchange Co. (TWSE).
 
Taiwan Life Insurance Co. has suggested that long-term care insurance may be necessary for everyone given the current aging population and low fertility rates.
 
The U.S. dollar rose against the New Taiwan dollar Monday, gaining NT$0.034 to close at NT$32.024, as foreign investors moved funds out of the country after receiving handsome cash dividends from Taiwanese listed companies, dealers said.
 
As governments across the island prepare to raise the house tax next year, former Premier Sean Chen (陳沖) blasted the move as "unconstitutional" and suggested that the tax be annulled completely in an op-ed published in local media yesterday.
 
Land prices in Taipei posted an annual decline of 1.52 percent, the largest among all the cities and counties in Taiwan, according to the latest urban land price index issued on Friday, July 15 by the Ministry of the Interior (MOI).
 
Taiwan is expected to report a year-on-year decline in export orders for June despite signs of that orders placed to Taiwanese electronics makers have started to pick up again, the Ministry of Economic Affairs (MOEA) said Saturday.
 
Taiwan was the 10th largest steel supplier to the United States in 2015, accounting for about 4 percent of total U.S steel imports, according to the Ministry of Economic Affairs (MOEA).
 
In for the competition in Asia region, SCSB opens a branch in Singapore
In accordance with the "New Southbound Policy" of the government and the trend to cultivate the Asian market, the Shanghai Commercial & Savings Bank (SCSB) has been successfully expanding its business in the Asia Pacific, according to an SCSB press release.
 
China's economy expanded more than expected in the second quarter of the year, data showed Friday, fueling hopes growth may be stabilizing, but analysts warned private investment still needed to pick up.
 
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