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September, 1, 2016

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Taiwan > Business
Shares in Taiwan moved lower to close below the 9,100-point mark Friday amid concerns over foreign fund outflows from the region as investors took cues from a plunge of the New Taiwan dollar against the U.S. dollar, dealers said.
Taisun Int'l (Holding) Corp. ("Taisun-KY") applied for primary listing on the Taiwan Stock Exchange (TWSE, 台灣證券交易所) on Friday, according to a press release from the TWSE yesterday.
Domestic gasoline and diesel prices are expected to rise next week to a new high in more than one month after Brent crude, the global benchmark, topped the US$50 mark per barrel overnight, market sources said Friday.
Taiwan External Trade Development Council (TAITRA, 外貿協會) Chairman Liang Kuo-hsin (梁國新) Wednesday said TAITRA had added an additional NT$80 million to help Taiwanese companies expand trade with countries in Southeast Asia.
The Directorate-General of Budget, Accounting and Statistics (DGBAS) on Friday raised its economic growth forecast for Taiwan in 2016 to 1.22 percent.
Up to 58.3 percent of companies are not satisfied with the new government's performance since its swearing in, according to a survey conducted by the 104 Job Bank.
Samsung Electronics launched sales of its new flagship Galaxy Note 7 on Friday in Taiwan, one of nine world markets in which the smartphone was released for the first time.
Consultation time
Wu Der-lang (吳德朗), head consultant of Chang Gung Memorial Hospital, speaks to the press in Taipei on Friday, Aug. 19. The selection of the hospital's 14th board of directors ended Friday. Lee Pao-chu (李寶珠), the third wife of Formosa Plastics Group cofounder Wang Yung-ching (王永慶) and former chairwoman of Chang Gung Medical Foundation, is not listed as a board member.
The disposable income gap between the highest and lowest income-earning households widened slightly in 2015, with the top 20 percent earning 6.06 times what the bottom 20 percent made, according to government statistics released Friday.
Takeover to make GlobalWafers third-largest silicon wafer maker
Taiwan-based GlobalWafers Co. (環球晶圓) said Thursday that the company is expected to become the third-largest silicon wafer supplier in the world after it completes a deal to acquire Singapore-headquartered SunEdison Semiconductor Ltd.
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