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May, 6, 2016

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Taiwan > Business
Shares in Taiwan slid Tuesday for the third straight session, falling 1 percent to end below 8,300 points after the three-day Labor Day holiday as investors stayed on the sidelines amid weak global markets, dealers said.
 
The Financial Supervisory Commission (FSC,金融監督管理委員會) will finalize its policy allowing female mainland Chinese investors to purchase stock-based funds in Taiwan, as well as its plan to approve the use of the Apple Pay system in Taiwan, before the changeover of government on May 20, a top financial official said on Monday.
 
Taiwan's purchasing managers index (PMI) for manufacturing activity edged lower in April, indicating continued weakness in the sector, the Chung-Hua Institution for Economic Research (CIER) said Tuesday.
 
Siemens is paving the way toward industrial digitalization.
 
Foreign institutional investors in Taiwan recorded a net fund inflow for the third consecutive month in April, registering US$1.75 billion, according to statistics released Thursday by the Financial Supervisory Commission (FSC).
 
Yuanta Securities Investment Trust Co. (元大投信), a subsidiary of Yuanta Financial Holding Co. (元大金), is looking to issue exchange-traded funds (ETFs) linked to the Korea Stock Exchange Index 200 (KOSPI 200).
 
Dubai-based Emirates airline is optimistic about growth, its Chief Commercial Operator Thierry Antinori said in Taipei on Monday, following the introduction of the Airbus A380 aircraft on the carrier's Taiwan route the previous day.
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South Korea's leading low-cost airline Jeju Air launched daily flights connecting Incheon International Airport and Taiwan Taoyuan International Airport on Sunday, in a bid to attract more Taiwanese passengers and boost the country's tourism.
 
In a move further showing its intent to exit the solar energy business, Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) has decided to step away from the board of Motech Industries Inc. (茂迪) this year.
 
As economic contraction continues, Taiwan is unlikely to achieve 1-percent GDP growth this year, and even risks recording negative growth, Premier-designate Lin Chuan (林全) said on Sunday.
 
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