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June, 30, 2016

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Taiwan
President Tsai continues Paraguayan leg of state trip, signs transport pact
In the final stretch of her first state trip abroad, President Tsai Ing-wen on Wednesday signed an air transport agreement with Taiwan's only South American diplomatic ally and vowed to increase Taiwan's import quota for Paraguayan beef.
 
The government proposed "progressive" adjustments to the Labor Standards Act Wednesday, laying down new rules for overtime pay compensation amid continuing disagreements among the government, capital and labor.
 
MOE boosts study abroad grants for SE Asia, India
Deputy Education Minister Chen Liang-gee Wednesday announced plans to boost the number of study abroad grants for Southeast Asian nations and India, increasing slots in the "Xuehai" university exchange program alone by as many as 50.
 
AIT head, Tsai praise Taiwan-US ties at July 4 event
President Tsai Ing-wen, who is currently visiting Paraguay, made a surprise appearance at an American Independence Day reception in Taipei on Wednesday, congratulating the U.S. on its 240th birthday in a pre-recorded video clip.
 
Cheaper homes are expected in next six months, says survey
Forty-six percent of people believe the next six months will be a prime time to make a home purchase -- nearly double the 24 percent who felt the same way just a quarter earlier, according to a Yung Ching Realty Group (永慶房屋) survey released Wednesday.
 
The Economics Ministry has said it will appeal a high court ruling, saying that China-based Taobao (淘寶網) is an illegitimate foreign investment in Taiwan.
 
From the mouth of the beast
Animal-themed facilities are seen at the venue for the 2016 Yilan International Children's Folkgame Festival in this photo taken in Yilan County on Wednesday, June 29.
 
Amid lingering concerns over the local economy, Taiwan's consumer confidence index (CCI) for June fell to its lowest level in two and a half years, National Central University (NCU) said.
 
The Taipei District Court Wednesday sentenced two former chairmen of Singfor Life Insurance Co. to 28 years in prison for embezzling huge sums from the company.
 
The Taiwan Stock Exchange (TWSE) is planning to launch dual currency-denominated exchange traded fund (ETF) transactions in August in a bid to provide investors more securities trading options.
 
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