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Thursday, May 28, 2015
Taiwan -- Foxconn Chairman Gou announces firm to join 'Made in China 2025' plan
Hon Hai Precision Industry Co. (鴻海精密) Chairman Terry Gou (郭台銘) said that the Taiwanese manufacturing company will fully participate in the "Made in China 2025" plan, a 10-year action plan created to advance China into a world manufacturing power.
Shares of CTBC Financial Holding Co. (中信金), one of Taiwan's leading financial holding companies, jumped Wednesday morning after the company announced that subsidiary CTBC Bank (中信銀) will acquire a 100 percent stake in China CITIC Bank International Ltd., dealers said.
Shares in Taiwan closed higher Wednesday as buying rotated to the financial sector, enabling the broader market to extend its gains from a session earlier, dealers said.
Hsia Li-yan (夏立言), head of the Mainland Affairs Council (MAC, 陸委會), the top government agency in charge of cross-Taiwan Strait affairs, said Wednesday that he had not heard any comments from his Chinese counterpart.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.017 to close at NT$30.725 amid worries that the U.S. Federal Reserve will launch an interest rate hike cycle by the end of this year, dealers said.
Wednesday, May 27, 2015
COMPUTEX Taipei (台北國際電腦展), the biggest Information and Communication Technologies (ICT) exhibition of Asia that is co-organized annually by the Taiwan External Trade Development Council (TAITRA, 外貿協會) and local Taipei Computer Association (TCA), will soon take place at the Taipei World Trade Center (台北世貿中心).
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Former U.S. Federal Reserve Chairman Ben Bernanke attended an economic forum held in Taiwan yesterday, exchanging opinions with President Ma Ying-jeou, Central Bank Governor Perng Fai-nan (彭淮南) and Taiwan Semiconductor Manufacturing Company CEO Morris Chang (張忠謀), among others.
DBS Bank (Taiwan) is dedicated to providing various financial solutions to help Taiwanese small- and medium-sized enterprises (SMEs) embrace problems at different stages, grow their business, and live out promises, said DBS in a press release yesterday.
Shares in Taiwan rose slightly on Tuesday, helped by gains in the financial sector that helped overcome a flat performance by the bellwether electronics sector and low turnover.
Far EasTone Telecommunications Co. (遠傳電訊), Taiwan's third-largest wireless carrier, teamed up with more than 10 game publishers Tuesday to seek a further push into the fast-growing mobile game market.
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