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July, 24, 2016

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Taiwan > Business
Kavalan Distillery, Taiwan's premier whisky maker, won the biggest award in the World Whisky category at the International Spirits Challenge (ISC) 2016 for its Kavalan Solist Ex-Bourbon Single Cask Strength, its parent company said Thursday in a statement.
 
Shares in Taiwan closed higher Thursday as investors took cues from a further upturn on Wall Street overnight to chase prices on the local main board, pushing up the weighted index to a new one-year high, dealers said.
 
The 5G era
Taiwan Mobile (台灣大哥大) and Nokia executives, including CEO James Cheng (鄭俊卿), center left, and Nokia's general manager of the Greater China region, Mike Wang (王建亞), center right, join hands after signing a Memorandum of Understanding (MoU) of strategic cooperation on 5G in Taipei on Thursday, July 21.
 
EVA Airways, one of Taiwan's leading airlines, announced Thursday that it will suspend all its flights to Istanbul from July 25 due to the recent political turmoil there, adding that services will not resume until at least next summer, when the carrier will re-evaluate the situation.
 
The Taiwan Stock Exchange Co. (TWSE) announced yesterday the securities trading disposition measures as shown below:
 
FSC to review financial tech laws: president
The Financial Supervisory Commission (FSC, 金管會) and related government sectors are currently reviewing existing regulations to develop Financial Technology (FinTech) in Taiwan, President Tsai Ing-wen stated at the Bloomberg 2016 Summit on Wednesday.
 
eCommerce Expo Asia to open in October
The second eCommerce Expo Asia will be held from Oct. 5 to Oct. 7 in Hall 1 of Taipei World Convention Center with a focus on big data, cross-border e-commerce, FinTech and startups.
 
More than 65 percent of businesses violated overtime regulations laid out in labor laws, according to a survey by 1111 Job Bank, one of the largest recruitment agencies in the nation.
 
Consumer electronics show opens next Thursday
Models hold up placards of featured brands and their products at a press conference ahead of the Taipei Computer Applications Show (台北電腦應用展) on Wednesday, July 20. The four-day event will be held from next Thursday, July 28 to Aug.
 
Export orders in June crawled back 5.9 percent to US$35.7 billion from May, yet sank 2.4 percent year-on-year and entered the 15th straight month of decline for the nation, worse than the 12-month streak during the global financial crisis in 2008, the Ministry of Economic Affairs (MOEA) reported Wednesday.
 
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