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June, 25, 2016

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Taiwan > National > National News
SCSB bank convenes general shareholders' meet
The Shanghai Commercial & Savings Bank (SCSB, 上海商業儲蓄銀行) convened its general shareholders' meeting recently, which was hosted by Chairman Yung Hung-Ching (榮鴻慶), according to a press release from the bank.
 
Shares in Taiwan moved higher Wednesday as foreign institutional investors with large net holdings of long position contracts in the futures market drove the spot market higher to profit in futures, dealers said.
 
"Many Muslim women cover their faces with the niqab or hijab. Striving for beauty is human nature," an executive of Taiyen Biotech Co., Ltd. said when speaking of his company's efforts to break into the vast but conservative Muslim world.
 
Taipei-based China Airlines (CAL), Taiwan's largest air carrier, said Wednesday that it will assemble an emergency team to deal with President Tsai Ing-wen's overseas trip later this month if its flight attendants decide to strike.
 
Military academies are facing their first-ever recruitment shortage as Ministry of National Defense (MND) officials admitted on Wednesday that a second round of entrance exams is needed to identify candidates for remaining spots.
 
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.018 to close at NT$32.441 in the wake of losses incurred by the Chinese yuan and other regional currencies, dealers said.
 
Chinese exercise right to protest
Mainland Chinese spouses of Taiwanese nationals protest outside the Legislative Yuan on Wednesday, June 15, calling for a lowering of the minimum length of residence required for mainland spouses to be eligible for application for R.O.C. ID cards from six years to four years. The protesters, supporting a bill spearheaded by Kuomintang lawmaker Huang Chao-shun, claim that mainland Chinese spouses are unfairly treated as the nation requires them to wait at least six years after their marriages before they can apply for ID cards while other foreign spouses are only required to wait four years.
 
EVA Airways (EVA), one of Taiwan's leading airlines, became one of only eight carriers across the world on Wednesday to be certified as a 5-star airline by Skytrax, a leading air transport rating organization.
 
Taiwan Stock Exchange Co. (TWSE) announced that the securities net overbought position by foreign investors was NT$33.04 billion during the week of June 6 to June 8. This represented the difference between NT$98.06 billion securities bought and NT$65.02 billion securities sold.
 
Taiwan's booming ETF market was a key point of discussion at the "The Asset 2nd ETF Asia Summit 2016" held in Taipei, co-hosted by the Taiwan Stock Exchange Corporation (TWSE) and Taiwan Index Plus Corporation (TIP), according to a press release from the TWSE.
 
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