Tuesday, July 29, 2014
The U.S. dollar rose against the Taiwan dollar Monday, gaining NT$0.002 to close at the day's high of NT$30.037 as the greenback recouped earlier losses on the back of buying by the local central bank, dealers said.
Shares in Taiwan extended losses Monday from a session earlier as investors kept unloading their electronics stocks after the high-tech sector suffered a downturn on Wall Street at the end of last week, dealers said.
Monday, July 28, 2014
The Ministry of Economic Affairs (MOEA) said Saturday it will help the domestic photovoltaic industry respond after the United States decided on Friday to issue preliminary anti-dumping (AD) tariffs of 27.59-44.18 percent on solar products from Taiwan.
Taiwanese companies are showing an increasing interest in building an industrial cluster to produce robots amid favorable global market conditions, but they still face challenges in integrating the supply chain.
Preparing for their initial public offering (IPO) in late August, state-owned Aerospace Industrial Development Corp. yesterday announced the release of 54 percent of its total shares at the offering price of NT$12.95 per share.
Chunghwa Telecom's (CHT, 中華電信) near field communication (NFC) trusted service manager (TSM) system was recently certified by Visa to provide Visa credit card payment services on NFC-enabled smartphones in Taiwan.
DBS Bank Taiwan (星展銀行台灣) recently unveiled U.S. dollar (USD) and renminbi (RMB) deposit plans with annual interest rates as high as 2 and 3.1 percent respectively.
Sunday, July 27, 2014
Prices of Taiwan-made solar cells will stay low in the short term, due to the industry's traditionally slow season and weak demand in China and Japan, according to a local research firm.
Macquarie Securities has urged investors to to look closely at shares of touch panel supplier TPK Holding Co., calling it a potential bargain after the stock nearly fell below the NT$220 (US$7.33) mark.
China Steel Corp., the largest steel maker in Taiwan, is planning to kick off commercial production at its plant located in India by the end of this year.