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January, 17, 2017

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Taiwan > Business
Capital Bus Co. and Kamalan Bus Inc. have announced an increase in fares beginning Jan. 1 for routes connecting Taipei to Yilan, citing hikes in costs resulting from newly implemented revisions to the labor law.
 
'Asian Silicon Valley' operations base opens
Vice President Chen Chien-jen (陳建仁) inaugurated Sunday the base for the implementation of the government's ambitious "Asian Silicon Valley" plan, which is designed to improve Taiwan's overall economic structure.
 
High-tech firms in Taiwan generally plan to give year-end bonuses equivalent to two months of wages this year as the Lunar New Year holiday approaches, industry sources said Sunday.
 
The local wholesale sector has reported a record November high in revenue on the back of an increase in global demand for consumer electronic devices during the year-end shopping season, according to the Ministry of Economic Affairs (MOEA).
 
Transactions of luxury residential housing in Taipei for 2016 are expected to fall more than 50 percent from the previous year amid lingering caution over the local property market, according to H&B Business Group (住商不動產).
 
Shares in Taiwan extended losses from the previous session on Friday, when trading volume continued to shrink with more foreign institutional investors away for the upcoming Christmas holiday, dealers said.
 
Sentiment in the local service sector improved in November, with an index that gauges the outlook of firms in the sector reaching its highest level for 17 months, according to a survey released by the Taiwan Institute of Economic Research (TIER) on Friday.
 
Central bank says key interest rates to remain the same
The Central Bank of the Republic of China (Taiwan) has kept its benchmark interest rates steady for a second straight quarter, a move in line with market expectations.
 
Shares in Taiwan trended lower on Thursday, falling below the 9,200 point mark, amid cautious sentiment ahead of a central bank policymaking meeting due later in the day, dealers said.
 
Apple Inc. led Taiwan's smartphone market in November, in terms of both sales volume and sales value, and also had the best-selling single model, according to statistics released Thursday by industry sources.
 
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