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May, 30, 2016

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Tsai urged to focus on attracting investment
Industry leaders on Wednesday urged the incoming Tsai Ing-wen administration to spur the economy by attracting investment.
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7-Eleven was the top violator among all convenience stores last year in selling cigarettes to minors, according to the results of a Consumers' Foundation investigation released Thursday.
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FIH Mobile, a subsidiary of Hon Hai Precision Industry, will take over Microsoft's feature phone business for US$350 million, the U.S.-based company said on Wednesday, May 18.
Traditional pastry maker Victor Kobo (維格餅家) on Wednesday revealed it has been undertaking plans to develop Southeast Asian markets, since it predicted a drop in tourists from mainland China due to political reasons last year.
Shares in Taiwan closed slightly higher Wednesday as buying emerged late in the session to offset the impact of a plunge on Wall Street overnight, dealers said.
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.
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