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September, 30, 2016

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Taiwan > Business
Faces of 'New Southbound'
Employees work on a production line run by a Taiwan-based firm in Thailand, Wednesday, Sept. 21. A Taiwanese investor who has run businesses in Thailand for more than 20 years said ..........
 
Investors in Taiwan's stock market largely stayed on the sidelines Wednesday as they awaited decisions by central banks in Japan and the United States on whether they would adjust interest rates.
 
Sanxin Outlets Co., a joint venture between Japanese real estate developer Mitsui Fudosan and Farglory Land Development, signed a contract Tuesday with Taiwan International Ports Corp. (TIPC) to build an outlet mall in the Port of Taichung.
 
State-run Taiwan Power Co. (Taipower) is evaluating a proposal over whether to spend NT$9.5 billion (US$302 million) to rent gas generators from Tokyo Electric Power Co. Holdings, Inc.
 
Taiwan saw the number of visiting Chinese tourists plummet by 32.41 percent in August compared with the same period of last year, according to Tourism Bureau data, increasing concerns about more serious contraction of the market sector.
 
WTO official talks up power of trade during Taiwan visit
A World Trade Organization official said Tuesday that all WTO members, including Chinese Taipei, were free to decide "if they want to put all their chips in one relationship or another."
 
The U.S. dollar fell against the Taiwan dollar Tuesday, shedding NT$0.083 to close at NT$31.367 on more fund inflow, as traders were betting on a higher local currency due to hopes of no immediate interest rate hike by the U.S. Federal Reserve, dealers said.
 
U.S.-based telecom operator Sprint has adopted chips supplied by Taiwanese IC designer MediaTek Inc. (聯發科) in a new smartphone for the Sprint network, a move analysts said can help the company gain a foothold in the North American market.
 
Shares in Taiwan closed slightly higher on reduced turnover Tuesday after moving in a narrow range throughout the session, as investors took a pause following a significant rebound a session earlier, dealers said.
 
Trading up
Wu Ying-chen (巫英臣), market research department head at Taiwan External Trade Development Council (TAITRA), speaks to the media about Taiwan's recent export performance in Taipei, Tuesday, Sept. 20.
 
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