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May, 2, 2016

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Taiwan > Business
Taiwan's gross domestic product (GDP) fell short of the government's forecast in the first quarter, registering minus 0.84 percent year-on-year growth, according to government figures released Friday.
 
Three companies listed on Taiwan's stock exchange will hold investor conferences in May as part of a Taiwan Stock Exchange Corp. (TWSE) initiative to boost transparency by having listed enterprises face investors and disclose information.
 
With the incoming Democratic Progressive Party (DPP) government in support of liberalizing the power market to address the nation's power crisis, Taipower (台電) Chairman Huang Jung-chiou (黃重球) stated on Thursday that the government should have a "scapegoat" to take responsibility if it fails in these efforts.
 
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.066 to close at NT$32.279 as the local currency recouped its earlier losses on the back of the strength of other regional units, in particular the Japanese yen, after the Bank of Japan (BOJ) refrained from further easing its monetary policy, dealers said.
 
Siliconware Precision Industries Co. (SPIL, 矽品) announced Thursday that its board has decided not to go through with a deal to sell a 25-percent stake to China's Tsinghua Unigroup (紫光).
 
Shares in Taiwan took a beating Thursday as selling focused on large-cap stocks, in particular in the electronics and financial sectors, pushing down the weighted index below the 8,500- point mark at the close, dealers said.
 
The Cabinet gave a green light Thursday to a law amendment proposal allowing the online sale of alcohol.
 
Daan keeps Taipei's most expensive storefronts
Storefronts in Taipei's Daan District (大安區) still command the highest rents, averaging NT$4,570 per ping (3.3 square meters), followed by Wanhua District's (萬華區) NT$4,093, according to Taiwan Realty's (台灣房屋) research.
 
Philippine Airlines to fly to Osaka from Taipei starting June 25: airline
Beginning June 25, Philippine Airlines (PAL) will operate daily flights from Taipei to Osaka (Kansai Airport), using the 199-seater Airbus 321 aircraft, according to a press release from the Philippine Airlines yesterday.
 
The Taipei District Court (台北地院) ruled yesterday that the Ministry of Finance had broken no laws in a boardroom upset that gave it control of Chang Hwa Bank (彰化銀行) in 2014.
 
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