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August, 24, 2016

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Taiwan > Business
Shares in Taiwan staged a technical rebound on Tuesday led by the financial sector to close above the 9,000-point level, dealers said.
 
Sharp Corp. is likely to buy back its TV assets in the United States and Europe now that its takeover by Taiwan-based manufacturing giant Hon Hai Precision Industry Co. (鴻海) has been completed, the Yomiuri Shimbun reported Tuesday.
 
A delegation organized by the Ministry of Economic Affairs (MOEA) that has just returned from the United States and Canada may end up generating NT$6 billion (US$189 million) in investment over the next three years, according to the MOEA.
 
Taiwan's industrial production dropped unexpectedly in July, ending two months of consecutive gains, according to statistics released by the Ministry of Economic Affairs (MOEA) Tuesday.
 
Cabinet probes Mega Bank money laundering allegations
The Financial Supervisory Commission (FSC, 金管會) Mondays announced preliminary findings in a probe on Mega International Commercial Bank (兆豐銀行), which allegedly violated U.S. anti-money laundering laws in 2012.
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The Executive Yuan Monday ordered that students from a primary school near the Sixth Naphtha Refinery (六輕石化) in Yunlin County be transferred to another school due to concerns over long-term exposure to toxic petrochemical compounds.
 
The average real wage of employees in the service and manufacturing sectors in Taiwan declined 0.1 percent year-on-year in the first six months of the year, government data showed Monday.
 
Export orders shrank 3.4 percent to US$1.25 billion in July, marking the 16th consecutive month of decline, according to a report released by the Economics Ministry Monday.
 
Failure to adhere to standards?
This photo shows Formosa Chemicals & Fibre Corporation's (台化公司) plant in Changhua County. The plant's operating license is due to expire on Sept. 28, and the firm has sought to extend the deadline for renewing their license.
 
Unemployment in Taiwan rose 0.1 percentage points in July from a month earlier to 4.02 percent, the highest level in 23 months, according to government figures released Monday.
 
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