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January, 18, 2017

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Taiwan > Business
The share price for Taiwan depositary receipts of Hong Kong-listed Tingyi Holding Corp. (康師傅控股有限公司) plunged 9.74 percent before bouncing back to end the day down 0.51 percent Tuesday after confirmation that its affiliate Master Kong Taiwan had left the local market.
 
A fifth-grade student from Taipei Municipal Xing-an Elementary School (幸安國小) caused a fire while burning a dishcloth at the school's motorbike parking area, the principal said on Tuesday.
 
Shares in Taiwan ended higher Tuesday, the first trading session of 2017, but the gains were capped by anemic turnover as foreign institutional investors had still not returned from the New Year holiday, dealers said.
 
The Taiwan Stock Exchange (TWSE) has worked closely with the Financial Supervisory Commission (FSC), Taiwan's top financial regulator, to boost turnover on the country's stock market.
 
The Taiwan Stock Exchange (TWSE) has increased the weighting of three criteria in evaluating the corporate governance of companies listed on Taiwan's stock market.
 
The question of whether the local equity market will continue its strong showing in 2017 depends on the actions of foreign institutional investors, analysts said Monday.
 
The local manufacturing sector flashed a yellow-blue light in November for the second consecutive month, improving from a blue light recorded in September, on the back of a recovery in global demand, the Taiwan Institute of Economic Research (TIER) said Friday.
 
Former Deputy Defense Minister Ko Cheng-heng (柯承亨) will serve as the new vice chairman and secretary-general of the semi-official Straits Exchange Foundation (SEF), starting Jan. 1, according to SEF sources.
 
Costco, an American membership-only wholesale club, said on Thursday that it plans to offer discounts to members at the opening of its new store in New Taipei's Xinzhuang District instead of free breakfast and gifts as it did in the past.
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Terry Gou (郭台銘), founder and chairman of Taiwan-based manufacturing giant Hon Hai Precision Industry Co. (鴻海), has raised his stake in the Sakai Display Products Corp. (SDP) -- which he and Sharp Corp. jointly own -- to more than 50 percent.
 
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