Saturday, May 9, 2015
The Ministry of Finance (MOF, 財政部) yesterday announced that it had successfully gained Cathay Financial Holdings Co.'s (國泰金控) 7.73 percent share in Taipei 101, thus cementing the MOF's control over the iconic skyscraper with a 52-percent stake.
Shares in Taiwan closed down Friday as the market gave up earlier gains amid concern over volatility down the road after a plunge seen a session earlier, dealers said.
The U.S. dollar fell against the New Taiwan dollar Friday, shedding NT$0.038 to close at NT$30.765 as the strength of other regional currencies prompted traders to buy into the local currency and shun the greenback, dealers said.
Evergreen Marine Corp. (長榮海運), the largest container shipper in Taiwan, said Friday that it will launch a new service soon to Vietnam, Singapore and Malaysia in a bid to tap into the booming economy in the Association of Southeast Asian Nations (ASEAN).
MediaTek Inc. (聯發科), one of Taiwan's leading integrated circuit designers, said Friday that its sales for April fell to their second-lowest level so for this year in reflection of slow-season effects in the second quarter.
Strict water rationing measures in Kaohsiung will be suspended next week after days of rainfall this week, the Water Resources Agency announced Friday.
Global Vision Monthly magazine's 11th Corporate Social Responsibility Awards' "Best Company to Work For" category recently went to HSBC (Taiwan). HSBC's designation as "Best Place to Work" was based on three main topics: entertaining workplace, unlimited opportunities and ability to maximize one's talents.
The Taiwan Stock Exchange (TWSE) announced that it will be holding a series of networking events for TWSE-listed companies in Hsinchu, Taichung and Kaohsiung starting on May 6. The events aim to provide the companies with a more concrete understanding of TWSE operations, stock market dynamics, corporate management, corporate social responsibility (CSR) and other related issues.
The Taiwan Futures Exchange (TAIFEX, 臺灣期貨交易所), the Eurex Exchange, and the Futures Industry Association (FIA) Asia attended the 2015 FIA Asia talks on the issues and challenges in Taiwan's Exchange Traded Derivatives industry.
Friday, May 8, 2015
As the end of April, the central government has accumulated NT$5.3709 trillion in long-term debts, which is equivalent to NT$240,000 per person in Taiwan, according to the Ministry of Finance (財政部, MOF).
Mainland China's economy is entering a "new normal" that presents immediate challenges to Taiwan, economists said yesterday at a forum hosted by the Chung-hua Institution for Economic Research (CIER, 中經院).
The production value of Taiwan's integrated circuit industry is expected to grow at a mild pace in the second quarter as the business has been facing inventory adjustments, a research report said Thursday.
Taiwan's Acer Inc. (宏碁), the world's fourth-largest PC maker, reported a higher-than-expected net profit for the first quarter on Thursday, buoyed by effective expense control and inventory management.
Computex Taipei, one of the most important events for the technology industry, will take place at the Taipei International Convention Center (TICC) on June 3.