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May, 6, 2016

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Taiwan > Business
The Taipei-based Chung-Hua Institution for Economic Research (CIER) has lowered its forecast for Taiwan's gross domestic product (GDP) growth in 2016 to 1.36 percent, barely half the level of its previous projection.
 
Information disclosure on Taiwan's securities and borrowing (SBL) market has the highest transparency in the Asia-Pacific region as well as the global market, said the Taiwan Stock Exchange Co. (TWSE, 台灣證券交易所) in a press release yesterday.
 
Stocks in Taiwan plunged Wednesday after failing to reach the 8,700-point mark, with weakness in large-cap stocks blamed for the poor performance, dealers said.
 
The number of day trading accounts opened at securities companies in Taiwan reached 942,472 as of March, with the number of new accounts averaging 19,089 per day during that month, according to Taiwan Stock Exchange (TWSE) statistics.
 
The businessman who won the auction for the "first bluefin tuna" of the year in Yilan County on Wednesday will turn the fish into tasty dishes for underprivileged groups.
 
A Taiwanese video and image design company has developed an advanced car safety system that allows for a wider scope to monitor driving safety, which is being showcased at a security manufacturing trade show that kicked off Tuesday in Taipei.
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There have been new entrants in the cable TV industry, and intensified competition has already resulted in annual subscription rates as low as NT$500 in New Taipei City.
 
Fubon boss urges FSC to introduce graded standard
Daniel Tsai (蔡明忠), chairman of financial services giant Fubon Financial (富邦金), on Tuesday urged the future Financial Supervisory Commission (FSC, 金管會) to implement a graded management system for the financial service industry, in place of a single, indiscriminate standard.
 
CTBC Bank Burnaby opens after relocation
The Burnaby Branch of CTBC Bank Corp. (Canada) opened on April 18 after its relocation to a larger office in order to provide more convenient and better service to local residents.
 
Le Méridien Taipei operator going public in May
My Humble House Hospitality Management Consulting Co. (寒舍餐旅管理顧問) is scheduled to go public on May 19 and will be listed under stock code 2739, the company announced on Tuesday.
 
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