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June, 29, 2016

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Taiwan > Business
Aerospace Industrial Development Corp. (AIDC), one of Taiwan's leading aviation firms, has suggested that Taiwan should set up an alliance to push for its initiatives to develop the aviation industry.
 
The Taiwan Research Institute (TRI) has adjusted its forecast for Taiwan's gross domestic product (GDP) growth for 2016 down by 1.14 percentage points, from 2.06 percent to 0.92 percent.
 
Kaohsiung Medical University and Boehringer Ingelheim collaborate on drug research
Kaohsiung Medical University Chung-Ho Memorial Hospital (KMUH, 高雄醫學大學附設中和紀念醫院) is collaborating with Boehringer Ingelheim Taiwan (台灣百靈佳殷格翰) to develop several innovative prescription drugs and treatments for conditions including chronic obstructive pulmonary disease (COPD), lung cancer, colorectal cancer, breast cancer and diabetes.
 
Taipei to see return of double-decker buses by year-end
The Taipei City Government unveiled Friday the design of a fleet of eight double-decker buses that will hit the road for tourists by the end of this year.
 
Shares in Taiwan moved higher Friday on a technical rebound from a slump seen a session earlier as investors took cues from the gains on Wall Street overnight to pick up bargains, dealers said.
 
Domestic gasoline and diesel prices are likely to trend lower next week as international crude oil prices fell amid renewed concerns over global demand ahead of a referendum scheduled by the United Kingdom for June 23 to decide on whether to leave the European Union, market sources said.
 
The U.S. dollar fell against the Taiwan dollar Friday, shedding NT$0.006 to close at NT$32.385 amid caution ahead of a referendum scheduled by the United Kingdom to decide whether to stay in the European Union, dealers said.
 
Rubber man won't bend on SE Asia
Synthetic rubber-maker TSRC Corp. (台橡) CEO Tsai Wei-chiang (蔡偉強) gestures as he shares his thoughts on the government's "New Southbound Policy," Friday, June 17. Though the government has good intentions, Tsai said, it must realize expanding into the Southeast Asian market is not as easy as it thinks. According to Tsai, the local chemical industry is highly competitive, with most plants owned by foreign investors, and Taiwan firms would be facing "world-class opponents."
 
Agricultural losses in the wake of torrential rain earlier this month have amounted to NT$41.27 million (US$1.27 million), the Council of Agriculture (COA) said Friday.
 
Premier discusses energy efficiency with US
Premier Lin Chuan (林全) received a U.S. delegation at the Executive Yuan Tuesday and expressed the government's resolve to end nuclear power and cut carbon emissions to combat climate change during the meeting.
 
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