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October, 27, 2016

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Taiwan > Business
Consumer confidence climbs in October
Taiwan's consumer confidence index (CCI) rose 0.29 points to 78.95 in October...
'Remember older industries': Stan Shih
Following Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) Chairman Morris Chang's (張忠謀) recent call for the government not to forsake traditional sectors in its pursuit of innovation, Acer Inc. (宏碁) founder Stan Shih (施振榮) said it was important for new industries to leverage Taiwan's strong competitiveness in the semiconductor industry.
Asset manager Carmignac enters Taiwan market
Carmignac, one of Europe's leading asset managers, announced its arrival in the Taiwanese market Wednesday, introducing a balanced fund that is currently in high demand by local investors.
2016 Kaohsiung Food Show opens with a sizzle
The 2016 Kaohsiung Food Show and Kaohsiung International Hotel, Restaurant, Baking and Catering Show (Kaohsiung HORECA), the two most important professional events of their kind in southern Taiwan, opened Thursday, Oct. 27 for a four-day run at the Kaohsiung Exhibition Center. The exhibitions boast a record 360 exhibitors and 14 national pavilions, and are likely to attract 23,000 visitors, according to the Taiwan External Trade Development Council (TAITRA), which is hosting the twin shows.
InterPay launches electronic payment service
InterPay, the wholly-owned subsidiary of PChome Group subsidiary PChomePay, announced today that it would officially launch PChome InterPay Electronic Payment Service. It will provide online payment services to the 8.8 million users on Taiwan's No.1 e-commerce market Ruten. Through InterPay, users can use the stored credit for online shopping and can freely make transfers between electronic payment accounts.
The Taiwan Stock Exchange Co. (TWSE, 台灣證券交易所) said that Taiwan High Speed Rail Corporation (THSRC, 台灣高鐵) common shares, which had been issued by public offering, would start trading on the TWSE today. The The THSRC is the 11th domestic company to be listed on the TWSE in 2016.
Shares in Taiwan closed lower amid thin turnover Wednesday after moving in a narrow range amid cautious sentiment toward a possible major pullback, after the weighted index moved higher to approach the 9,400-point mark a day earlier, dealers said.
Taiwan's Vice Minister of Economic Affairs Yang Wei-fuu said Taiwan hoped to establish new economic and trade opportunities with a dozen of countries in Southeast Asia, Australia and New Zealand through its "New Southbound Policy."
Vice President Chen Chien-jen said Wednesday that the government aims to boost the growth of the pharmaceutical and biotechnology industry's output from the current 6 percent to 9 percent by 2025.
Stan Shih echoes call for gov't to 'remember older industries'
Following Taiwan Semiconductor Manufacturing Co. (TSMC) Chairman Morris Chang's recent call for the government to not forsake traditional sectors in its chase for innovation, Acer founder Stan Shih said it was important for new industries to leverage Taiwan's strong competitiveness in the semiconductor industry.
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