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Friday, January 29, 2016
Shares in Taiwan closed above the 7,900-point mark Thursday as investors shrugged off heavy losses seen on Wall Street overnight to pick up stocks almost across the board, dealers said.
Citibank confident in oil in 2016 global predictions
Forecasters at Citibank (Taiwan) recently predicted that mainland China's economic slowdown will lead to major revisions in international stock markets in 2016, and regarded crude oil as the only worthy investment target in the energy sector.
Continuous momentum regarding a bilateral investment agreement between Taiwan and the European Union is essential for related talks to proceed, said Madeleine Majorenko, the EU representative to Taiwan, on Thursday.
North America-based manufacturers of semiconductor equipment posted US$1.34 billion in orders worldwide in December 2015 (three-month average basis) and a book-to-bill ratio of 0.99, according to the December EMDS Book-to-Bill Report, published today by Semiconductor Equipment and Materials International (SEMI).
Passenger volume last year at Taiwan Taoyuan International Airport, the country's main gateway, reached 38.47 million, an all-time high and representing a 7.45 percent annual growth, the Taoyuan International Airport Corp. (TIAC) said Thursday.
Thursday, January 28, 2016
Property transaction volume fell by 65 percent and prices by 4 percent in Greater Taoyuan last year, the Finance Ministry (財政部) said Wednesday.
The Ministry of Economic Affairs (MOEA) opened an office Wednesday as a platform to strengthen communications as part of Taiwan's efforts to participate in the U.S.-led Trans Pacific Partnership trade bloc.
Taipei is slated to raise water prices by an average of 28 percent beginning on March 1, but the hike will not affect more than half of the water users in the city, according to the Ministry of Economic Affairs (MOEA).
NCC conditionally OKs Far EasTone-CNS deal
The National Communications Commission (NCC) on Wednesday granted conditional approval to Far Eastern Telecommunications' (Far EasTone, 遠傳電信) plan to invest in China Network Systems (CNS, 中嘉) via corporate bonds worth up to NT$17.12 billion.
Shares in Taiwan closed higher Wednesday, but gains were eroded to some extent since losses on the mainland China market prompted many investors to think about further volatility in the global markets, dealers said.
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