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May, 4, 2016

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Taiwan
Drivers are expected to have to pay NT$25 (US$0.77) more to fill a 50-liter tank after state-owned oil refiner CPC Corp. hikes fuel prices from Monday, the third weekly rise in a row.
 
Taiwanese archers won a gold, two silver and a bronze medals in the recurve women's team, mixed team, and individual events, respectively, at the 2016 Archery World Cup in Shanghai Sunday.
 
A magnitude-4.8 earthquake hit Hualien at 6:46 a.m. Sunday, with Yilan's Nan'ao Township and Hualien's Heping Township and Taroko National Park registering an intensity of four.
 
A European brokerage has lowered its target for the Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) on the main board for 2016 to 8,800 points from the previous 9,000 points, citing concerns over listed companies' profitability.
 
The Taiwan Institute of Economic Research (TIER), one of the country's leading think tanks, said Thursday that as economic fundamentals remain weak, an index that gauges manufacturing activity flashed a blue light for the 12th consecutive month in March.
 
Sharp Corp. is planning to lay off about 1,000 employees as part of its efforts to strengthen its financial structure after the loss-incurring Japanese firm inked an agreement to sell a majority stake to Taiwan's Hon Hai Precision Industry Co. earlier this month, according to a news report.
 
When investors borrow securities for a short sale purpose, they can spend more than they had previously anticipated, according to the Taiwan Stock Exchange (TWSE).
 
Market 'in a frenzy' over virtual reality
Taipei City's Department of Economic Development has said that interest in virtual reality (VR) technology has reached a point of "frenzy," with manufacturers now aggressively investing in new consumer-ready immersive reality products.
 > Taipei
 
Malaysia deports ROC suspects to China
Taipei lodged a protest with the Malaysian government for sending 32 Taiwanese phone fraud suspects to China on Saturday. Taiwan will send delegation to China in around a week.
 
Tsai warns incoming ministers against gaffes
President-elect Tsai Ing-wen on Saturday warned incoming Cabinet members against making provocative remarks that could alienate her government from the nation.
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