Saturday, November 28, 2015
The Directorate General of Budget, Accounting and Statistics (DGBAS, 主計總處) yesterday cut its forecast for annual gross domestic product (GDP) growth from 1.56 percent to 1.06 percent.
The U.S. dollar rose against the New Taiwan dollar Friday, gaining NT$0.114 to close at NT$32.815 after Taiwan's central bank continued its efforts to prop up the U.S. currency and drag down the local unit for the sake of Taiwan's exports, dealers said.
The National Development Council's (NDC, 國發會) business monitoring indicator edged up one point in October to 15, flashing blue for recession for the fifth straight month.
Taiwan's consumer confidence weakened for the seventh consecutive month in November but sentiment toward the local economic climate recovered after falling in the previous six months, according to a survey released by National Central University on Friday.
Shares in Taiwan pulled back Friday to drag down the index below the 8,400 point mark as investors trimmed their holdings before Taiwan's weighting cut by global index provider MSCI Inc. in three of its indexes becomes effective next week, dealers said.
Shipments of large-size flat panels larger than 7 inches in 2015 are expected to fall 4.1 percent from a year earlier, reflecting weakness in the global information technology industry, a research report said Friday.
Friday, November 27, 2015
The Industrial Technology Research Institute (ITRI, 工研院) has recently developed new algorithms that utilize big data for intelligent decision-making.
Economics Minister John Chen-chung Deng (鄧振中) said Thursday that Taiwan prioritizes a trade-in-goods agreement with China over the U.S.-led Trans-Pacific Partnership (TPP) for the moment, adding that he hopes talks on the trade pact with mainland China will make a breakthrough by the end of this year.
Lawrence Ng, entrepreneur and co-founder of Oversee.net, launched OnRamp Fund, a US$10 million incubator that invests in early stage startups. Unlike other funds that invest in a large number of startups, OnRamp Fund's focus is to help its portfolio companies achieve critical milestones by working closely with select entrepreneurial teams, according to the organization.
The Taiwan Textile Federation (TTF, 中華民國紡織業拓展會) celebrated its 40 year anniversary Wednesday.