Following the recent exodus of foreign capital, institutional investors have sold a net NT$2.97 billion worth of stocks in the bourse.
Taiwan will have a hard time breaking the record for visits to the country by foreign nationals set in 2015 because of a decline in Chinese tourist arrivals, the deputy chief of the Ministry of Transportation and Communications (MOTC) said Wednesday.
A majority of the respondents to a recent poll said they want the new government that will take office Friday to make reviving the economy its top priority rather than bringing down soaring housing prices.
Investors are eyeing the enormous business opportunities from the "Internet of Things (IoT)" market, which some analysts estimate will reach as much US$11 trillion a year in 2025.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.075 to close at the day's high of NT$32.705 amid renewed fears that the Federal Reserve will raise its key interest rates sooner rather than later, dealers said.
Angus Deaton, winner of the 2015 Nobel Memorial Prize in Economic Sciences, speaks at a forum in Taipei, Wednesday, May 18. In his speech, the British-American economist talked about his economic theories and the outlook for the economy.
The share price of Asia Pacific Telecom Co. surged Wednesday on growth in 4G subscribers as well as news that the company will begin selling the "Pepper" robot in the second half of the year in Taiwan.
Major poultry processor CP Taiwan (卜蜂食品) was among the firms embroiled in a recent food scare for using expired spices, according to the Food and Drug Administration (FDA, 食藥署).
China Airlines, one of Taiwan's leading international carriers, took delivery of the world's first co-branded Boeing 777 aircraft Monday at a Boeing production facility in Washington.
Q1. Why is it important that Citi has a strong digital presence in Taiwan?