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August, 30, 2016

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Taiwan > Business
Former Mega Bank chief grilled in 8-hour questioning session
The Financial Supervisory Commission questioned former Mega International Commercial Bank Chairman Mckinney Tsai (蔡友才) in a marathon eight-hour meeting on Sunday as part of a money-laundering probe.
 
State-run fuel supplier CPC Corp., Taiwan announced that it would raise gasoline and diesel prices by NT$0.1 (US$0.003) starting Monday to reflect a slight rise in international crude oil prices.
 
Samsung Electronics Co. (三星) of South Korea took the top spot in smartphone sales volume in Taiwan in July due to the warm reception of its mid-range Galxay J series, according to industry sources.
 
China Airlines to take delivery of first A350 in Q3
China Airlines (CAL), one of Taiwan's leading international carriers, said Friday that it will take delivery of its first Airbus A350 aircraft in the third quarter of the year.
 
Taipei International Electronics Show slated to open Oct. with 1,000 booths
TAITRONICS 2016 will take place from Oct. 6 to 9 at Taipei Nangang Exhibition Center, Hall 1.
 
Taiwan's overall economic indicator flashed a green light in July for the first time in 17 months, signaling improvement in the economy, according to the National Development Council (NDC).
 
Taiwan's approved outbound investment, not including to China, soared almost 82 percent from a year earlier in the first half of 2016, according to Taipei-based credit information agency China Credit Information Service Ltd. (CCIS).
 
Minister of Economic Affairs Lee Chih-kung (李世光) said Taiwan was suited for smart manufacturing development because of its solid foundation in manufacturing, as well as its partnership with Germany, which is known for industry 4.0 development.
 
Pokemon Go abroad
An employee from a travel agency promotes a "Pokemon Go" Japan tour package while holding a mock Pokemon ball and a smartphone running the popular mobile game at the Taiwan International Tourism Expo in Taipei on Friday, Aug. 26. The expo will take place from Aug. 26 to Aug. 29 at the Taipei World Trade Center, Hall 1.
 
Thirteen tourism-related businesses workers will march down Ketagalan Boulevard on Sept. 12 to call attention to concerns that the number of tourists from mainland China has declined since the new administration took office in May.
 
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