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May, 1, 2016

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Taiwan > Business
Taiwan's industrial production index (IPI) fell 3.57 percent in March from a year ago in its eleventh consecutive month of contraction, the Ministry of Economic Affairs (經濟部) reported yesterday.
 
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.034 to close at NT$32.330, as foreign investors moved funds out of the region, dealers said.
 
Shares in Taiwan closed moderately lower Friday as investors took cues from the losses on Wall Street overnight amid concerns over earnings among the heavyweights in the U.S. market, dealers said.
 
The average wage for the first two months of this year fell from a year earlier as employers doled out lower year-end bonuses before the Chinese New Year holiday in the wake of an economic slowdown, the Directorate General of Budget, Accounting and Statistics (DGBAS) said Friday.
 
Evergreen Marine Corp., the largest shipping company in Taiwan, has signed a memorandum of understanding with its three foreign counterparts to set up a shipping alliance.
 
Weak trading 'unrelated' to rescue fund exit
The finance minister on Thursday rejected criticism that the exit of the National Stabilization Fund put downward pressure on Taiwan shares earlier this week.
 
Terry Gou named best-performing CEO in Taiwan
Terry Gou (郭台銘), chairman of Hon Hai Precision Industry Co. (鴻海), topped Harvard Business Review's (HBR) list of the 50 best-performing chief executive officers (CEOs) in Taiwan.
 
Citi unveils new mobile app for customer convenience
Citibank Taiwan has initiated a new project aimed at "Transforming Finance and Creative Technology." Citi hopes the project will help customers get their banking tasks done quickly and easily, allowing them to conveniently complete many common banking tasks directly from an app on their mobile phones.
 
The Executive Yuan on Thursday moved to cancel a tax exemption for imported express consignment of less than NT$3,000, in a bid to curb tax evasion in e-commerce.
 
Steel stocks moved higher Thursday, led by China Steel Corp. after the largest steel supplier in Taiwan raised its domestic wholesale prices for June deliveries after the price hikes seen in the previous few months at a time of rising iron ore prices in the global market, dealers said.
 
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