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Friday, May 29, 2015
Legislators recommended adjustments to the Estate and Gift Tax Act (遺產及贈與稅法) yesterday as a means of addressing the gap between rich and poor. Lawmakers called for an adjustment to the current tax rate of 10 percent to 30 percent, while Finance Minister Chang Sheng-ford (張盛和) said that the government could evaluate an adjustment in rates within a half year.
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Shares in Taiwan closed above the 9,700-point mark Thursday as buying rotated to the bellwether electronics sector, focusing on select large-cap high-tech stocks amid optimism toward their fundamentals, dealers said.
The U.S. dollar rose against the New Taiwan dollar Thursday, gaining NT$0.076 to close at NT$30.801 after the local central bank's aggressive intervention to vault the U.S. currency back to a level above the previous close, dealers said.
China is relying on Taiwan to help supply flat panel displays (FPDs) this year as Chinese manufacturers can meet only about 50 percent of domestic demand, a Chinese industry leader said Thursday in Taipei.
Tigerair Taiwan, a joint venture between Taiwan 's China Airlines and Singapore's Tiger Airways, said Thursday that it will launch flights between Taiwan Taoyuan International Airport and Osaka International Airport July 3 to capitalize on increasing interest in travel between Taiwan and Japan. The budget carrier, which will offer discount flight tickets online from noon Thursday to 11:59 p.m. Friday, said it will operate one round-trip flight every day.
The orders and shipping report released by Semiconductor Equipment and Materials International (SEMI) revealed that its orders to semiconductor equipment manufacturers in North America in April amounted to an average of NT$157 million, with a book-to-bill ratio (B/B ratio) of 1.04.
Yilan County Government has recently cooperated with China Airlines (CAL) to establish the promotional tour package, "green Yilan; truly Taiwan," to attract Japanese and Korean tourists.
Continental Engineering Corporation (大陸工程) President Nita Yin (殷琪) has requested NT$200 million in compensation from Taipei City Government due to construction delays after last month's Taichung Mass Rapid Transit accident.
Thursday, May 28, 2015
Taiwan -- Unsanitary conditions found at big tea firms
Inspectors found dirty preparation areas at several factories that manufacture famous bottled tea, namely Uni-President (統一), Kuang Chuan (光泉), Hey Song (黑松) and Young Energy Source Co. Ltd. (YES, 悅氏), the Food and Drug Administration (FDA, 食藥署) revealed yesterday.
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Former U.S. Federal Reserve Chairman Ben Bernanke was surprised that the nation's average wage has been slipping backward in recent years, he said at an economic forum yesterday in Taipei.
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