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May, 4, 2016

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Taiwan > Business
Vice Finance Minister Wu Tang-chieh said that the National Financial Stabilization Fund would not unload its holdings for the moment as the local equity market continues to move in consolidation mode.
 
The government has continued its efforts to stop Uber from operating illegal ride-sharing services in Taiwan and has so far imposed NT$51.3 million in fines on the company, the Directorate General of Highways (DGH) said Tuesday.
 
Vice Premier Duh Tyzz-jiun said that the Hacks in Taiwan (HIT) association has helped enhance Taiwan's information security technology and talent cultivation by holding activities and forums and the government should certainly extend its support to it.
 
Taiwan Stock Exchange Co. (TWSE) announced that the securities net overbought position by foreign investors was NT$10.13 billion last week. This represented the difference between NT$117.40 billion securities bought and NT$107.27 billion securities sold, according to the TWSE.
 
Think tank cuts forecast for national 2016 GDP growth to 1.27 percent
The Taiwan Institute of Economic Research (TIER), one of the leading think tanks in the country, on Monday lowered its growth forecast for Taiwan's 2016 gross domestic product (GDP) to 1.27 percent, citing a slow global economic recovery.
 
Dunlop Tires announced a recall of its SP TOURING T1 tire products, offering free replacement and installation for customers owning the tires.
 
Camera lens-maker Largan Precision Co. (大立光) announced Monday that it will pay a divided of NT$63.5 per share, which is a record high for Taiwan's listed companies.
 
Shares in Taiwan staged a mild rebound Monday from a session earlier, as buying rotated to the financial sector and select old economy stocks, but turnover still fell to a new low for this year, dealers said.
 
The U.S. dollar rose against the New Taiwan dollar Monday, gaining NT$0.031 to close at NT$32.361 after a quiet session ahead of conclusions to be reached by the central banks of the United States and Japan in their policymaking meetings set for later in the week, dealers said.
 
Taipei-based games developer XPEC Entertainment Inc (樂陞科技) said yesterday it had reached an agreement to become the largest shareholder in AltPlus Inc., a social games developer listed on the Tokyo Stock Exchange.
 
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