Friday, April 17, 2015
Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) on Thursday posted its second-highest profit in the first quarter of 2015, as the manufacturer of chips for Apple Inc.'s iPhones rode on continued strong demand from smartphones.
The U.S. dollar fell against the New Taiwan dollar on Thursday, shedding NT$0.077 to close at NT$31.253 as traders here were encouraged by the strength of other regional currencies to buy into the local unit, dealers said.
Shares in Taiwan closed up more than 1 percent Thursday as the semiconductor sector staged a strong technical rebound following gains on the Philadelphia Semiconductor Index overnight, dealers said.
Thursday, April 16, 2015
The plan by the governments of six counties and cities in central and southern areas of Taiwan to ban the burning of bituminous coal and petroleum coke at local factories and power plants has sparked worry over a drop in power supply and its effect on the country's industrial development.
As domestic expenditure on research and development flattened over the years, it might have wielded an adverse impact on the nation's innovative drive and in turn hurt the economy, according to Dr. Anders Karlsson of Elsevier, a global digital information solution provider.
Taipei International 5-in-1 Food Expo will be held at Taipei World Trade Center (TWTC, 世貿中心) Nangang Exhibition Hall (南港展覽館) and TWTC Exhibition Hall 1 (世貿一館) this June 24 to 27, hosted by Taiwan External Trade Development Council. (TAITRA,外貿協會)
Taiwan will outperform the three other "Asian tigers" in economic growth in 2015 and 2016, the International Monetary Fund (IMF) said.
Companies listed on the Taiwan Stock Exchange Corporation (TSEC) grew 5.42 percent in terms of revenues for 2014, while firms listed over the counter (OTC) grew 6.92 percent, according to a report released by the Financial Supervisory Commission (FSC).
The Consumers' Foundation (CF, 消基會) yesterday filed a class-action suit against 51 tainted oil manufacturers for compensation totaling NT$108.39 million.
Shares in Taiwan took a beating Wednesday as the bellwether electronics sector encountered heavy downward pressure amid concerns over the market outlook of the global semiconductor business, dealers said.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.018 to close at the day's high of NT$31.330, as heavy foreign institutional investor selling on the stock market led traders to cut their holdings in the local currency.
As major economies made adjustments to their monetary policies, Europe and Japan have wrested back control of local stock markets from U.S. influence, according to a quarterly report released by DBS Taiwan (星展銀行).
Taiwan's MediaTek Inc. (聯發科), a major supplier of handset chips to Chinese manufacturers, said Wednesday that Vice Chairman Cho Jyh-jer (卓志哲) will retire and leave the company June 12.
Taiwan's first commodity futures exchange traded fund, Yuanta Funds' (元大寶來基金) Standard and Poor's Goldman Sachs Gold ER Index equity fund, was publicly listed yesterday.