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October, 22, 2016

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Taiwan > Business
Executive Yuan to tackle rising price of goods
Premier Lin Chuan (林全) yesterday gave the Executive Yuan a mandate to closely monitor consumer goods prices, saying merchants who engage in monopolistic practices or other forms of price manipulation would face prosecution.
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The Executive Yuan passed an amendment to the Electricity Act on Thursday morning, which could even tually terminate Taiwan Power Company's (Taipower) monopoly over the energy industry.
Taiwan's export orders rose for the second consecutive month in September, largely due to the launch of the latest Apple Inc. iPhone models and increasing demand for mid- to low-end handheld mobile devices, the Ministry of Economic Affairs (MOEA) said on Thursday.
Ringing in the sales
Department store staffers cheer in preparation for the first day of Xinyi Shinkong Mitsukoshi Mall's (星光三越百貨) Anniversary Sale in Taipei on Thursday, Oct. 20. Crowds gathered outside the main gate early in the morning, .....
Aqua Taiwan
Kaohsiung Mayor Chen Chu (陳菊), center, poses behind a water pipe with other officials at the opening ceremony for this year's International Water Show in Kaohsiung on Thursday, Oct. 20.
Shares in Taiwan reached a 15-month high in mid-session Thursday on the back of a strong performance by electronics and plastics shares.
The idea of retail investors owning shares of smartphone camera lens supplier Largan Precision Co. (大立光), the most expensive stock in the local equity market, will no longer be a dream, thanks to a new investment mechanism, the Taiwan Stock Exchange (TWSE) said.
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The Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) on Thursday raised its forecast for Taiwan's gross domestic product (GDP) growth for 2016 to 1.03 percent, in response to better-than-expected economic performance.
Taiwan Railway Administration (TRA) introduced a new train schedule on Thursday, eliminating 40 of its 930 daily train services and cutting back on the travel distance of 46 others.
Taiwan Financial Awards
President Tsai Ing-wen poses with business leaders at the awards ceremony for the Chinese-language Wealth Magazine's 2016 Taiwan Financial Awards. Tsai praised the awards for introducing a new category this year, the "innovative applications award," which honors firms that have proven achievements in the field of combining technology with finance.
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