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June, 27, 2016

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Taiwan > Business
Formosa Petrochemical Corp., a privately owned gasoline supplier in Taiwan, said Saturday it will lower its gasoline and diesel prices next week to reflect falling international crude oil prices.
 
Chinese yuan-denominated deposits held by Taiwan-based banks were down for the fourth consecutive month in May after banks cut their time deposit rates on the Chinese currency, according to the central bank.
 
The central bank said Friday it will auction off New Taiwan dollar notes with special serial numbers starting on June 30 to boost government revenues.
 
Aerospace Industrial Development Corp. (AIDC), one of Taiwan's leading aviation firms, has suggested that Taiwan should set up an alliance to push for its initiatives to develop the aviation industry.
 
The Taiwan Research Institute (TRI) has adjusted its forecast for Taiwan's gross domestic product (GDP) growth for 2016 down by 1.14 percentage points, from 2.06 percent to 0.92 percent.
 
Kaohsiung Medical University and Boehringer Ingelheim collaborate on drug research
Kaohsiung Medical University Chung-Ho Memorial Hospital (KMUH, 高雄醫學大學附設中和紀念醫院) is collaborating with Boehringer Ingelheim Taiwan (台灣百靈佳殷格翰) to develop several innovative prescription drugs and treatments for conditions including chronic obstructive pulmonary disease (COPD), lung cancer, colorectal cancer, breast cancer and diabetes.
 
Taipei to see return of double-decker buses by year-end
The Taipei City Government unveiled Friday the design of a fleet of eight double-decker buses that will hit the road for tourists by the end of this year.
 
Shares in Taiwan moved higher Friday on a technical rebound from a slump seen a session earlier as investors took cues from the gains on Wall Street overnight to pick up bargains, dealers said.
 
Domestic gasoline and diesel prices are likely to trend lower next week as international crude oil prices fell amid renewed concerns over global demand ahead of a referendum scheduled by the United Kingdom for June 23 to decide on whether to leave the European Union, market sources said.
 
The U.S. dollar fell against the Taiwan dollar Friday, shedding NT$0.006 to close at NT$32.385 amid caution ahead of a referendum scheduled by the United Kingdom to decide whether to stay in the European Union, dealers said.
 
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