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January, 20, 2017

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Business > Asia
Taiwan is likely to report a year-on-year increase in export orders for a fourth consecutive month in November amid rising global demand in the run-up to the year-end holiday buying spree, the Ministry of Economic Affairs (MOEA) said Sunday.
 
Standard Chartered Bank has forecast that Taiwan's gross domestic product (GDP) will grow 1.6 percent next year, up from an estimated 1.1 percent growth in 2016, on the back of rising global demand.
 
The Taiwan Stock Exchange (TWSE) is holding a series of seminars for employees of local securities firms as part of their on-the-job training to update them on regulations related to securities trading in Taiwan.
 
Chinese leaders pledge stable currency
China's leaders pledged Friday to keep its currency stable and trim bloated heavy industry as they wrapped up an annual planning meeting amid pressure from U.S. President-elect Donald Trump and European leaders over trade.
 
Japan surpassed China in October as the largest foreign owner of U.S. Treasury securities, the first time the countries have swapped places in nearly two years. Total foreign holdings fell for a fourth month.
 
An Australian court has ordered a British consumer goods firm to pay AU$6 million (US$4.4 million) for misleading consumers about the effectiveness of a popular painkiller.
 
U.S. policymakers have voted unanimously to increase base interest rates by 0.25 percent, to between 0.5 and 0.75 percent. This marks the first rate hike this year and only the second in the past decade.
 
This year has been the worst for Taipei's real estate industry in a decade, Taipei Association of Real Estate Brokers said at its annual meeting with the press on Thursday.
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Tourism rising
The full moon is seen through a large sign during the Full Moon Party on Ko Phangan island in the southern Thai province of Surat Thani on the night of Tuesday, Dec. 14.
 
Global accounting firm Ernst & Young said Thursday that biotechnology and high-tech companies were expected to account for more than 80 percent of funds raised through initial public offering (IPO) in Taiwan next year.
 
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