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July, 28, 2016

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Taiwan > Business
A government-sponsored economic research group on Tuesday cut its forecast for the output growth of Taiwan's manufacturing sector in 2016, now saying it will fall into negative territory because of weak global demand.
 
Shares in Taiwan were back to above the 9,000-point mark Tuesday on late gains in the electronics sector after falling below the level Monday.
 
Taiwan Stock Exchange Co. (TWSE) announced yesterday that the securities net overbought position by foreign investors was NT$65.94 billion during the week of July 18-22. This represented the difference between NT$174.57 billion securities bought and NT$108.63 billion securities sold.
 
Net income of overall securities firms in June 2016 was NT$1,534 million. Among them, net income of integrated securities firms was NT$1,502 million, net income of securities brokerage firms was NT$65 million, and net loss of FCM which engaged in securities business was NT$32 million, according to a press release from the Taiwan Stock Exchange Co. (TWSE).
 
Representatives of thousands of Taiwanese investors who lost up to US$163 million placed with a futures company in Indonesia have traveled to Indonesia to appeal their case.
 
State-owned enterprise budget
Photos shows documents piled on tables at the Legislative Yuan as Democratic Progressive Party (DPP) lawmaker Ker Chien-ming speaks on the phone in the background.
 
Many computer users in Taiwan are faced with the decision of whether to upgrade to Microsoft Corp.'s Windows 10 operating system this week, as the deadline of a one-year free update period approaches.
 
Transportation Ministry to free up more spectrum for IoT
The Transportation Ministry said it would push harder to free up much-needed wireless spectrum for Taiwan's Internet of Things (IoT).
 
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.
 
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