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August, 27, 2016

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Taiwan > Business
The Fair Trade Commission (FTC, 公平會) Wednesday greenlighted Dutch company ASML's purchase of chip-making equipment manufacturer Hermes Microvision Inc. (HMI, 漢微科), saying that the deal would not jeopardize fair market competition.
 
Can you tell what it is yet?
President Tsai Ing-wen bends a flexible display during her visit to the 2016 Touch Taiwan show at Nangang Exhibition Center in Taipei, Wednesday, Aug. 24.
 
National Health Research Institutes (國衛院, NHRI) defended the government's testing methods for measuring exposure to vinyl chloride monomer (VCM, 氯乙烯), following the Executive Yuan's order for elementary school students near the Sixth Naphtha Refinery (六輕石化) in Yunlin to be transferred due to health concerns.
 
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.066 to close at NT$31.772 as traders took cues from the weakness of other regional currencies to push up the U.S. unit, dealers said.
 
Taiwan's rating by the Asia/Pacific Group on Money Laundering (APG) could be hurt after Mega International Commercial Bank's New York branch was fined for violating anti-money laundering laws in the United States, a Ministry of Justice official said Wednesday.
 
BMW turns 100!
BMW, which is celebrating its centennial this year, is holding an exhibition in Taipei to showcase the carmaker's vision for the next 100 years. The exhibition, themed "The Next 100 Years," showcases 18 car models, including the classic BMW 507 roadster and Isetta, at Taipei's Nangang Exhibition Center.
 
Shares in Taiwan closed slightly lower Wednesday after moving in consolidation mode with many investors waiting for more clues about whether and how the U.S. Federal Reserve will adjust its monetary policy, dealers said.
 
The exhibition Touch Taiwan 2016 held in Taipei is showcasing cutting edge panels and monitors including the world's highest definition 8K4K panel.
 
InnoLux Corporation's (群創) President Wang Chin-chao (王志超) said panel demand is exceeding supply in the second half of 2016, the first time that the market has been undersupplied in 20 years.
 
Ex-Mega chair barred from leaving country
Former Mega Financial Holding Co. (兆豐金控) Chairman Mckinney Tsai was barred from leaving the country Tuesday, after he was summoned for questioning over his alleged involvement in the Mega International Commercial Bank (兆豐銀行) money laundering scandal.
 
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