Friday, September 5, 2014
The real estate equivalent of the El Nino phenomenon has been seen in Taiwan this summer, as housing sales underperformed in Tamsui District and Keelung City, while sales picked up in Jiaosi, Yilan County, said Shih Shuan-chieh (施絢傑), the chief editor of My Housing magazine (住展雜誌).
The government has tightened tax inspections on shopping centers to make sure they are not conducting illegal transactions with local tour operators in an attempt to profit from low-quality travel packages aimed at Chinese tourists, Transport Minister Yeh Kuang-shih said Thursday.
Shares of Innolux Corp. and AU Optronics Corp. , two of Taiwan's leading flat panel suppliers, appeared resilient Thursday morning, bucking a downturn on the broader market, in the wake of higher TV panel prices quoted for September, dealers said.
Shares in Taiwan pulled back Thursday with Apple concept stocks under downward pressure, which pushed down the bellwether electronics sector as investors took cues from a plunge in shares of Apple Inc. on Wall Street overnight, dealers said.
Taiwan Business Bank International Leasing Co. recently kicked off operations in China (Shanghai) Pilot Free Trade Zone (PFTZ), making itself the first Taiwanese financial institution to operate in the free trade zone.
The real effective exchange rate (REER) index for the Taiwan dollar in July was 101.03, lower than that of the South Korean won and the Chinese yuan, giving export goods from the island an edge during price negotiations.
The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.014 to close at NT$29.972 as geopolitical tensions related to Ukraine appeared to reduce somewhat, prompting traders to move their funds out of the greenback, which had been a safe haven amid such non-economic jitters, dealers said.
Thursday, September 4, 2014
Acer Inc. (宏碁) said Thursday it has established a venture capital fund to seek out long-term investments that will strengthen its technology development and promise good financial returns.
Advanced Semiconductor Engineering Inc. (ASE, 日月光), the world's largest integrated circuit (IC) packaging and testing services provider, said Wednesday that the company expects it will grow quarter by quarter in the second half of this year.
Several legislators departed for Shanghai Wednesday with the aim of helping Taiwanese businesspeople in Shanghai's free trade zone to be able to get Chinese yuan-denominated loans more easily and cheaply than at present.