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July, 26, 2016

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Taiwan > Business
Taiwan begins marketing Japan's Pepper robots
Taiwan has become the first country outside Japan to market "Pepper," but the humanoid robot developed by Japanese telecom giant SoftBank Corp. will only be available initially to corporate clients, the local distributor announced Monday.
 
TIER slashes economic growth forecast to anemic 0.77%
The Taiwan Institute of Economic Research (TIER, 台經院) today slashed its economic growth forecast for 2016 to 0.77 percent, citing a continuing slowdown in exports and Brexit's potential ramifications.
 
Government investment has fallen five years in a row, registering an average decline of 5.6 percent, the Ministry of Economic Affairs (MOEA, 經濟部) reported on Monday.
 
'Actual achievements' required
Beijing's Taiwan Affairs Office (TAO, 國台辦) spokesman Ma Xiaoguang (馬曉光) speaks to the press Monday in Harbin, China. He called Taiwanese media reports that mainland China's government is giving away money and houses to attract young Taiwanese startups "absurd and goofy." Taiwanese press reported earlier that China has launched a project to bribe 20 to 40-year-old Taiwanese with free offices and apartments and NT$1 million in funds to open new businesses in the country. Ma said Monday that the rewards are only for those who have made "actual achievements."
 
Shares in Taiwan edged lower Monday after a plunge midway through the trading session, but bargain hunting in select large-cap electronics stocks kept the weighted index close to the 9,000-point mark, dealers said.
 
The central bank said Monday that Taiwan's money supply in June maintained a "golden cross" -- a sign of sufficient liquidity -- for the 10th consecutive month.
 
The U.S. dollar rose against the Taiwan dollar Monday, gaining NT$0.070 to close at NT$32.140 as traders here were encouraged by recent positive economic data in Washington to buy into the U.S. currency, dealers said.
 
The Ministry of Economic Affairs (經濟部) announced on Thursday that a delegation will visit Tokyo and Osaka from October 21 to 26 to attract talent from Japan.
 
TIER cuts growth to anemic 0.77%
The Taiwan Institute of Economic Research (TIER, 台經院) today slashed its economic growth forecast for 2016 to 0.77 percent, citing a continuing slowdown in exports and Brexit's potential ramifications.
 
Farming has come a long way since the days of a man and his push plow.
 
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