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July, 25, 2016

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Taiwan
TIER cuts growth to anemic 0.77%
The Taiwan Institute of Economic Research (TIER, 台經院) today slashed its economic growth forecast for 2016 to 0.77 percent, citing a continuing slowdown in exports and Brexit's potential ramifications.
 
Fishermen's access to Taiping to be restricted
A group of fishermen who are scheduled to arrive on the Taiwan-controlled Taiping Island (太平島) to assert their country's South China Sea claims on Monday may not be allowed to step onto the island unless they need emergency relief, a Cabinet spokesman said on Sunday.
 
The Directorate General of Highways (DGH) under the Ministry of Transportation and Communications said Sunday that it plans to announce a list of excellent coach operators later this month -- and a list of bad ones in August.
 
Fire investigators find traces of flammable liquid on bus
Significant progress has been made in the investigation into the fire that killed 26 people on a tour bus last Tuesday, as investigators detected samples of ignitable substances -- possibly gasoline -- among fire debris Sunday.
 
Tea connoisseurs, truly'Dachi'
Although coffee culture in Taiwan has been rapidly expanding in recent years, one company returns to the island's Chinese roots and hopes to promote the heritage and original process of making tea. Cofounded by Nicholas Palumbo and Simon Thomas, Dachi Tea Company (大氣) aims to give tea culture a "globally appealing face."
 
Farming has come a long way since the days of a man and his push plow.
 
The Taiwan Stock Exchange (TWSE), which operates the local main board, is determined to stimulate foreign institutional buying in local shares by allowing foreign investors to gain a better understanding about the strength of Taiwanese listed firms.
 
The Ministry of Labor (MOL) said Saturday that employers in Taiwan who have signed up for the MOL's job website are seeking 15,000 new graduates as full-time employees and are willing to offer them no less than NT$30,000 (US$9,375) in monthly wages.
 
Confidence in the local economy has shown signs of weakening amid concerns that the decision of the United Kingdom to leave the European Union will send ripples through the global economy and affect domestic fundamentals, according to Cathay Financial Holding Co. (國泰金).
 
Taiwan hopes China can understand that its recognition of the historical fact that understandings were reached between the two sides in 1992 is an important and friendly declaration, a Taiwanese official said Friday.
 
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