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Saturday, October 18, 2014
Asustek Computer (華碩電腦) recently posted better-than-expected consolidated revenues of NT$123.93 billion for the third quarter, a 17.8-percent sequential growth rate and a 4.13-percent increase from the same quarter in 2013.
Having seen sales impacted by U.S. anti-dumping measures, Solartech Energy (昇陽光電) and Tainergy Tech (太極能源) are currently expanding their overseas capacities in Malaysia and Vietnam, respectively.
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.011 to close at NT$30.421, as foreign investors moved their funds out of the country, pushing up demand for the U.S. currency, dealers said.
Shares in Taiwan, and especially high-tech heavyweights, took a beating Friday amid investor fears of volatility in global equity markets and lingering food safety concerns at home, dealers said.
A department store yesterday announced brisk sales on its annual promotional discount, as consumers load up kitchen and cooking products during its annual promotional sales drive season that kicked off on Thursday.
Friday, October 17, 2014
Taiwan -- Ting Hsin leaving Taiwan oil market
Ting Hsin International Group (頂新國際集團) announced yesterday afternoon that it will leave Taiwan's oil market and donate NT$3 billion toward food safety under the supervision of a third party — Ruentex Financial Group (潤泰集團) Chairman Samuel Yin (尹衍樑).
Premier Jiang Yi-huah (江宜樺) yesterday appeared on the national political TV show “Situation Room” (少康戰情室) to answer questions regarding his responsibility in the current food scandals, as well as news of his reported potential resignation.
Taiwan -- Jiang won't dismiss possibility of resignation over oil scandal
Taiwan -- Namchow facing heat over   mislabelling of oil imports
Following accusations against Namchow Chemical Industrial Co. Ltd. (南僑化學工業股份有限公司), the Ministry of Health and Welfare (MHW) stated yesterday that authorities are investigating Namchow's oil products due to the fact that the company imported food products via illegal procedures.
Following the uncovering of three violations of food safety regulations within a single year, the Ting Hsin International Group (頂新) yesterday announced it will be sounding its retreat from the Taiwan cooking oil market amid rising public outrage against the conglomerate.
A new office under the Cabinet that will be responsible for food safety will become operational next week, government spokesman Sun Lih-chyun (孫立群) said Thursday, amid a series of food scandals that have triggered widespread concerns over the safety of local food products.
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