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February, 25, 2017

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Taiwan > Business
Waking up the neighbors
Firecrackers go off on a street lined with shops in Kaohsiung on Thursday, Feb. 2. Many small businesses across Taiwan reopened yesterday, setting off strings of firecrackers to herald good luck in the Year of the Rooster. Markets reopened as well, with Taiwan shares rising briskly at the start then closing down 18.98 points, or 0.2 percent, at 9,428.97 on turnover of NT$132.77 billion (US$4.27 billion).
 
Taiwan shares close down on profit taking; turnover expands
Shares in Taiwan closed lower with turnover expanding to top NT$100 billion (US$3.22 billion) on Thursday, the first trading session in the Year of the Rooster after a six-day Lunar New Year holiday, as investors took profits amid concerns over U.S. trade policies under the administration of President Donald Trump, who has advocated protectionism, dealers said.
 
Consumer confidence falls to four-year low
Taiwan's consumer confidence index (CCI) in January fell to its lowest level in four years amid a stagnation of the domestic economy, according to the results of a survey released by National Central University (NCU) on Thursday.
 
Late Leslie Koo's nephew groomed for role in family empire: report
Following the passing of Taiwan Cement Corp. (台泥) leader Leslie Cheng-yun Koo (辜成允), the Koo family has begun to delegate various responsibilities of the late leader to family members, first with Koo's brother-in-law.
 
Taoyuan Airport served over 40 million passengers in 2016
Passengers served by the Taiwan Taoyuan International Airport reached 42.3 million in 2016, putting Taiwan's main gateway onto a list of airports serving over 40 million passengers, according to Taoyuan International Airport Co. statistics.
 
Corporate governance index outperforms broader main board
The TWSE Corporate Governance 100 Index (TWSE CG100 Index) outperformed the broader market on the Taiwan Stock Exchange (TWSE) over the past year, indicating that the index served as an ideal indicator for investors to follow, according to the Taiwan Index Plus Corp. (TIP).
 
Free bites for the flight
Stacks of free snackboxes prepared by Ever Rich Duty Free Store are ready for airport passengers returning to Penghu County for Lunar New Year. In consideration of residents returning home for the holidays, the Penghu County Government has set up service booths at Taipei and Kaohsiung airports for the next two days, with Ever Rich Duty Store preparing snackboxes for waiting passengers.
 
The Consumers' Foundation has received more than 300 complaints in the past six months, the group announced on Thursday, calling for updated regulations to govern the growing online shopping industry.
 
Check the label
An official from Consumers' Protection Committee's Hsinchu City Division, Liu Hsin-cheng (劉興振), inspects a package of frozen food on Thursday, Jan. 26. A day prior to Lunar New Year's Eve, Liu inspected frozen food products in major department stores in Hsinchu, verifying if content details printed on the packaging were clear and comprehensive. Liu advised consumers to check the quality, the weight, content, additives, calories, expiration dates, preservation temperatures and heating measures. He added that if consumers got sick after consuming frozen food, "preserve a specimen of the food (leftovers, vomit and even feces)" so as to report the incident to health departments and claim compensation.
 
Manufacturing unaffected by power outage
The Southern Taiwan Science Park (STSP) saw a power outage Wednesday, but no major disruption to production was reported.
 
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