Saturday, July 25, 2015
The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) said Friday that it has lowered its forecast of Taiwan's 2015 gross domestic product growth to 3.11 percent at a time when the weakness of the global economy has sent demand lower.
The CSBC Corp. (中船), Taiwan, a government-invested shipbuilder headquartered in the southern port city of Kaohsiung, signed a contract Friday to construct four 1,800 20-foot equivalent unit (TEU) container vessels.
New Taipei signed cooperative agreements with organizations from Japan, Thailand, and Malaysia to form a biotechnology industry alliance at a ceremony held at the Taipei World Trade Center's Nangang Exhibition Hall on Thursday.
Taiwan's finance industry has completed 18 overseas mergers and acquisitions and seen a 20-percent jump in fo reign profits since the start of deregulation in 2014, the Financial Supervisory Commission (FSC, 金管會) chairman said yesterday.
Shares in Taiwan ended lower Friday, extending losses from a session earlier, amid lingering fears that the current earnings season on Wall Street will come up with more negative leads to create more volatility, dealers said.
Finance Minister Chang Sheng-ford (張盛和) reiterated Friday that recent heavy losses in the local equity market resulted from the weak economic fundamentals at home and abroad, adding that investors cannot blame the tax issue for the downturn.
Shares of Wowprime Corp. (王品), a major restaurant chain operator in Taiwan, moved sharply higher Friday morning after the company's board of directors elected a new chairman, a move which raised expectations that the new management will help stabilize the firm's operations, dealers said.
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.078 to close at the day's high of NT$31.530 as foreign institutional investors continued moving funds out of the country, dealers said.
Friday, July 24, 2015
The board of directors of Wowprime Corp. (王品), a major restaurant chain operator in Taiwan, elected Park Chen (陳正輝) chairman Thursday to replace retiring Steve Day (戴勝益).
Hon Hai Precision Industry Co. (鴻海) moved up one notch to 31st on the 2015 Fortune 500 list of the largest companies in the world, while three other Taiwanese enterprises reentered the rankings this year.