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December, 9, 2016

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Taiwan > Business
Gamania's answer to Line
Gamania Group CEO Liu Po-yuan (劉柏園) announces a new instant messaging app "BeanGo!" on Tuesday, Nov. 22. The app will feature private messaging, friend groups and other tools that will enable communication among users. Given that currently the Korean app Line is the most commonly used instant messaging app in Taiwan, BeanGo! will be competing with Line for users once it launches.
 
Taiwan's unemployment rate edged lower in October from the previous month but was still higher than the same period a year earlier, according to government figures released on Tuesday.
 
Net loss of overall securities firms in October 2016 was NT$45 million. Among them, net loss of integrated securities firms was NT$93 million, net income of securities brokerage firms was NT$50 million, and net loss of FCM that engaged in securities business was NT$1 million, according to a press release from the Taiwan Stock Exchange Co. (TWSE, 台灣證券交易所).
 
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.055 to close at NT$31.945 as the local equity market staged a strong comeback, encouraging buying in the local currency, dealers said.
 
The real monthly earnings of Taiwanese workers in the first nine months of 2016 were down about 1 percent from the same period a year earlier and at about the same level they were 15 years ago, according to government figures released on Tuesday.
 
The U.S. dollar fell against the New Taiwan dollar Monday, shedding NT$0.010 to close at NT$32.000 as traders here locked in the gains they had built in the U.S. unit in recent sessions, dealers said.
 
State-run Taiwan Sugar Corporation (Taisugar, 台糖) is considering scrapping its wholesale business Taisuco (台糖量販), as the ailing segment has lost the company NT$2.43 billion over the past seven years.
 
Shares in Taiwan closed higher Monday but still moved in consolidation mode amid caution about further foreign institutional selling at a time when foreign investors continue to move funds out of the region, dealers said.
 
Taoyuan City Mayor Cheng Wen-tsan (鄭文燦) announced yesterday that the Taoyuan International Airport MRT would be officially up and running by March 2017.
 
Shares of TransAsia Airways (復興航空), a Taiwan-based mid-sized international carrier, took a beating in Taipei on Monday amid rumors that the company would suspend its operations, dealers said.
 
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