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December, 10, 2016

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Taiwan > Business
Chang Kuo-wei (張國煒), a former chairman of EVA Airways Corp., who was removed from his post earlier this year in a family succession war, is in the process of establishing a new airline company, a close associate confirmed Wednesday.
 
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.072 to close at NT$31.890 as traders here took cues from weakness in other regional currencies to dispose of the local unit, dealers said.
 
The Taiwan Institute of Economic Research (TIER, 台經院), one of Taiwan's leading think tanks, said Wednesday that it has upgraded a forecast of the local manufacturing sector for 2016, at a time when the country's exports and industrial production have shown signs of improving.
 
Indonesian President Joko Widodo met with a Taiwanese business delegation Wednesday and expressed gratitude for Taiwan's investment in his country over the years, while inviting more investment from Taiwan.
 
Crown Bioscience International Inc. conducted its initial public offering (IPO) of common shares by auction and public offer, according to a press release from the Taiwan Stock Exchange Co. (TWSE).
 
MediaTek (聯發科), Taiwan's leading integrated circuit designer, on Tuesday revealed plans to break into the car market, with its first automobile chip set to launch in the first quarter of 2017.
 
Shares in Taiwan closed 0.32 percent lower on Tuesday, falling below the 9,200 benchmark following a pullback by U.S. stocks overnight.
 
Industrial Development Bureau Director-General Wu Ming-ji, left, presents an award during the 2016 Best Taiwan Global Brand award ceremony on Tuesday, Nov. 29. Taiwanese PC maker Asustek Computer Inc. (華碩) came in first place for the fourth consecutive year in an annual list of the country's top brands released by the Ministry of Economic Affairs. Asus' brand value was estimated at US$1.748 billion this year.
 
China Airlines (CAL), Taiwan's largest carrier, said it will launch direct flights between Taipei and Amsterdam in December to increase its competitiveness in Europe.
 
The National Development Council (NDC) approved an extension to the Kaohsiung MRT to be built in two stages, according to Kaohsiung City government.
 
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