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October, 1, 2016

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Taiwan > Business
Taiwan shares sink to end below 9,200 points
Shares in Taiwan lost momentum and closed below the 9,200-point mark Friday, amid global concerns over a financial crisis at Deutsche Bank, Germany's largest bank.
 
Financially-troubled game developer XPEC Entertainment Inc. (樂陞科技) told investors it was working to fill a short-term funding gap of NT$600 million.
 
Taichung travel fair
Exhibitors at a travel fair unfurl a banner promoting the event outside Taichung's World Trade Center, where it opened Friday, Sept. 30. The banner alludes to the recent slump in Taiwan's tourism industry as a result of declining numbers of tourists from China. Some exhibitors are offering local hotel rates as low as more than 70 percent off the original prices. The fair runs till Monday, Oct. 3.
 
Investment strategies that track stock market indexes tend to pay off in the long term, and serve as a smart way for investors to park their money in the equity market, according to an official of the Financial Supervisory Commission (FSC).
 
Vegetable prices in the local wholesale market jumped about 65 percent Thursday from a day earlier after Typhoon Megi damaged local transportation facilities, leading to difficulties in delivery and a drop in supplies, according to the Agriculture and Food Agency (AFA) under the Council of Agriculture.
 
Taiwan excellence in India
Visitors to COM-IT Expo, India's leading expo for computers and electronic devices, look at products displayed at Taiwan's booth on the first day of the show in Mumbai Friday, Sept. 30. The "Taiwan Excellence" booth showcases top-end products developed by Taiwan makers as well as award-winning devices from Computex Taipei, the biggest information technology show in Asia. COM-IT runs till Oct. 2.
 
Formosa Chemicals & Fibre Vice Chairman Hong Fu-yuan said Thursday that his company will not shut down its plant in Changhua County, in central Taiwan, prior to Oct. 8, despite concerns that it is causing excessive pollution.
 
The local manufacturing sector continued to show signs of improvement in August as Taiwan's exports rebounded, according to a survey released Friday by the Taiwan Institute of Economic Research (TIER).
 
A new Airbus A350-900 XWB (Extra Wide Body) delivered Friday to China Airlines (CAL), one of Taiwan's leading international carriers, will be first used on flights to Hong Kong and Osaka, according to CAL Chairman Ho Nuan-hsuan.
 
Central bank governor to step down in 2018
Perng Fai-nan (彭淮南), governor of the Central Bank of the Republic of China, said yesterday that he would step down after his current term, which ends in February 2018.
 
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