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June, 27, 2016

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Taiwan > Business
From the perspective of a bond investor, Asia is an exceptionally attractive region at the moment, Legg Mason Global Asset Management said in a press conference held in Taipei.
 
Inotera Memories Inc. (華亞科), a Taiwan-based leading DRAM chip-maker, said Monday that a deal in which U.S. counterpart Micron Technology Inc. will buy a stake in the Taiwanese firm is proceeding.
 
Taiwan Stock Exchange (TWSE) has issued a reminder to investors to cover their short positions and return borrowed securities before the ex-dividend date.
 
State-run oil refiner CPC Corp., Taiwan will raise its gasoline and fuel prices at the pump by NT$0.3 (US$0.009) per liter Monday in reflection of higher international crude oil prices.
 
Taiwan Trade Fair kicks off in Inner Mongolia
2016's third Taiwan Trade Fair (台灣名品博覽會) kicked off in China's Inner Mongolia on June 10, and up to 330 companies from Taiwan took part in the business networking event.
 
The local service sector remained weak in April, with an index that gauges the climate of the sector pointing to a slowdown, as exports continued to falter amid slow global demand, according to the Commerce Development Research Institute (CDRI).
 
Taiwan has teamed up with a Korean-owned supermarket chain in the United States to promote Taiwanese food products by unveiling "the Taiwan Food Festival" in the store's outlets on Friday.
 
China Airlines (CAL), one of Taiwan's leading international carriers, said earlier this week that production of its Airbus A350 order has fallen behind and that the first aircraft will not be delivered until the end of September.
 
The president of EVA Air said he is not surprised about the poor performance of the Chinese transit market since the measure allowing such travel was implemented Feb. 1, adding that his company will focus on services to North America to cultivate Taiwan as a key transit hub.
 
Domestic gasoline and diesel prices might go up Monday at the end of the four-day Dragon Boat Festival holiday, in reflection of further gains posted by international crude oil prices this week, market sources said Friday.
 
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