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June, 29, 2016

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Taiwan > Business
The National Stabilization Fund committee on Monday said it would hold off on deciding whether to enter the local bourse amid Brexit fluctuation.
 
National Development Council (NDC) Minister Chen Tain-jy (陳添枝) suggested Monday that the effects of the British exit from the European Union, or "Brexit," will not leave too much of an impact on Taiwan's economic performance this year.
 
National Development Council (NDC) Minister Chen Tain-jy (陳添枝) suggested Monday that the effects of the British exit from the European Union, or "Brexit," will not leave too much of an impact on Taiwan's economic performance this year.
 
Shares in Taiwan closed down on Monday but rebounded from early lows as investors showed less anxiety over the United Kingdom's vote last week to leave the European Union, dealers said.
 
Obi Pharma meets in annual gathering
Shareholders attend the annual shareholders meeting by the biopharmaceutical firm Obi Pharma Inc. (浩鼎) in Taipei on Monday, June 27. The Ruentex Group (潤泰集團) captured four out of seven seats on the Obi Pharma Inc. board of directors in the re-election on Monday, June 27.
 
The Galaxy J7 smartphone, made by Samsung Electronics Co. of South Korea, topped Taiwan's list of bestsellers in that category in May, industry sources said.
 
China Airlines (CAL), Taiwan's largest carrier, said Monday that the additional benefits granted to flight attendants to end a one-day strike last week will add an estimated NT$550 million (US$16.9 million) a year to the airline's costs.
 
State-owned Taiwan Power Co. (Taipower) said Sunday that it is preparing for its most challenging week ahead in providing power supplies, calling for efforts by the public to help reduce electricity use.
 
In a sign of economic improvement, monitoring indicators for the nation's manufacturing, service and housing sectors rose across the board in May, according to a report compiled by the Taiwan Institute of Economic Research (TIER, 台經院).
 
Shares in Taiwan took a beating Friday as investors scrambled to dump their holdings in the wake of the results of a referendum held by the United Kingdom a day earlier which pointed to a departure of the country from the European Union, dealers said.
 
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