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May, 6, 2016

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Taiwan > Business
Shares in Taiwan closed moderately lower Wednesday as stocks in the Apple Inc. supply chain weakened and buying rotated to select old economy stocks.
 
House tax is set to be levied this year on 8.43 million units for a record-setting NT$71.68 billion, the Ministry of Finance (財政部) said yesterday.
 
The Taiwan Stock Exchange (TWSE) will hold a conference on May 5 for auditing executives of listed companies to improve their professional knowledge and raise awareness of their companies' social responsibility.
 
A Taiwan-Thailand investment forum was held in Bangkok, in an effort to promote investment exchanges between the two countries.
 
V Air, one of Taiwan's two budget carriers, said Monday that it is scheduled to launch flights to Okinawa from July 1 to tap strong demand over the upcoming summer vacation period.
 
CAL introduces bird 'Flight Ambassadors'
In celebration of 14 new Airbus A350 aircraft whose delivery is scheduled for July this year, China Airlines (CAL, 華航) announced on Tuesday plans for aircraft designs to incorporate Taiwanese cultural themes and birds that will serve as "Flight Ambassadors." Each aircraft will adopt one bird as its name.
 
Chinese firms have ramped up display panel production, and China's manufacturing capacity will overtake that of Taiwan by the end of the year, before further threatening Korean rivals next year, research consultancy IHS said Tuesday.
 
For the past six years, Taiwan has been the No. 1 electronics exporter to Singapore and owns the largest 30.2 percent in market share, the Ministry of Economics Affairs has said in a report.
 
Shares in Taiwan moved higher Tuesday as suppliers to Apple Inc. staged a technical rebound, giving support to the broader market, dealers said.
 
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.
 
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