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December, 4, 2016

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Taiwan > Business
The peak year-end shopping season is approaching, and several retailers have joined with the government to find the thousands of new workers they need to meet increased demand, the Ministry of Labor (MOL) said Saturday.
 
nvestor confidence in Taiwan weakened in the fourth quarter from a quarter earlier to near an all-time low, according to the results of the Investor Confidence Index (ICI) Survey released Thursday by J.P. Morgan Asset Management Taiwan.
 
H&M's largest Asian flagship store opens in Ximending district
Swedish brand H&M officially opened the doors to its largest Asian flagship store in Taipei's popular Ximending shopping district, Friday.
 
Local shares close slightly higher on thin turnover
Tseng Tzu-wen, center, director of Kaohsiung's Tourism Bureau, attends the opening of an international winter travel fair in the southern city on Friday, Nov. 25. The four-day fair features 400 booths set up by a total of 150 tourism-related firms.
 
Shares in Taiwan closed slightly higher Friday as turnover fell due to the U.S. Thanksgiving holiday, which kept many foreign institutional investors away from the market, dealers said.
 
The production value of Taiwan's light-emitting diode (LED) industry rose almost 15 percent in the first nine months of 2016 from a year earlier as many countries have been supporting the environment friendly business, the Ministry of Economic Affairs (MOEA) said Friday.
 
TransAsia hot potato
Chang Kang-wei, chairman of Far Eastern Air Transport (FAT), front, speaks at a press conference in Taipei Friday, Nov. 25, in response to speculation that his company might take over the collapsed TransAsia Airways.
 
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.015 to close at NT$31.942 after moving in a quiet session at a time when many foreign traders were away for the Thanksgiving holiday, dealers said.
 
The China Airlines (CAL, 華航) takeover of closing mid-sized carrier TransAsia Airways's (復興航空) domestic and overseas routes will continue until Feb. 15, 2017, Vice Minister of Transportation and Communications (MOTC, 交通部) Wang Kwo-tsai said Friday.
 
Sentiment in Taiwan's manufacturing sector rebounded in October after two consecutive months of decline, as the global economy continued to recover slowly, according to a survey released by the Taiwan Institute of Economic Research (TIER) Friday.
 
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