The local manufacturing sector flashed a "blue light" in May, indicating contraction for the 14 consecutive month, the longest period on record, the Taiwan Institute of Economic Research (TIER) said Thursday.
Chu Tzer-ming, Minister of the Directorate General of Budget, Accounting and Statistics (DGBAS), said Thursday that Taiwan's economy is likely to return to growth in the second quarter of the year.
The local manufacturing and service sectors showed an improvement in sentiment toward their business outlook in May, a survey released by the Taiwan Institute of Economic Research (TIER) showed .
Hotai Motor, the local distributor for Toyota vehicles, said that more than 12,000 Toyota cars in Taiwan will have to be recalled because of possible defects in the airbag inflators and emissions control systems.
Taiwan Stock Exchange (TWSE) said in a press release that it had halted trading of securities listed by J Touch Corporation (JTOUCH, Stock code:3584).
The Taiwan Stock Exchange Co. (TWSE) announced that the net income of all of its securities firms reached NT$1,538 million in May.
The central bank of the Republic of China (Taiwan) cut its key interest rates by 0.125 percentage points Thursday after concluding a quarterly policymaking meeting.
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.057 to close at NT$32.286 as the foreign exchange markets in the region climbed out of the Brexit shadow, dealers said.
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.
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.