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Thursday, April 16, 2015
The Consumers' Foundation (CF, 消基會) yesterday filed a class-action suit against 51 tainted oil manufacturers for compensation totaling NT$108.39 million.
Shares in Taiwan took a beating Wednesday as the bellwether electronics sector encountered heavy downward pressure amid concerns over the market outlook of the global semiconductor business, dealers said.
The U.S. dollar rose against the New Taiwan dollar Wednesday, gaining NT$0.018 to close at the day's high of NT$31.330, as heavy foreign institutional investor selling on the stock market led traders to cut their holdings in the local currency.
As major economies made adjustments to their monetary policies, Europe and Japan have wrested back control of local stock markets from U.S. influence, according to a quarterly report released by DBS Taiwan (星展銀行).
Taiwan's MediaTek Inc. (聯發科), a major supplier of handset chips to Chinese manufacturers, said Wednesday that Vice Chairman Cho Jyh-jer (卓志哲) will retire and leave the company June 12.
Taiwan's first commodity futures exchange traded fund, Yuanta Funds' (元大寶來基金) Standard and Poor's Goldman Sachs Gold ER Index equity fund, was publicly listed yesterday.
Wednesday, April 15, 2015
Taiwan -- Kerry says U.S. will continue to step up relations with Taiwan
U.S. Secretary of State John Kerry said recently that Washington will continue to step up efforts to improve its relations with Taiwan, which is a key stakeholder of the U.S. Asia-Pacific regional policy.
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Taiwan -- Local rose tea brand contains DDT: gov't
The Public Health Bureau of Miaoli County yesterday revealed that the imported rose tea material for local English-themed soft drink chain Stornaway (英國藍) contains 13 kinds of pesticides, including four kinds of dichlorodiphenyltrichloroethane (DDT).
Premier Mao Chi-kuo (毛治國) said yesterday that organizers of the Asian Infrastructure Investment Bank (AIIB, 亞投行) would not block Taiwan's entry as a regular member. The premier also defended Taiwan's bid to join the AIIB as a regular member despite its inability to become a founding member of the organization, according to reports on Monday.
Taiwan -- Ko delivers 1st city report to Taipei Council
Taipei Mayor Ko Wen-je (柯文哲) yesterday delivered his first municipal report to the Taipei City Council, during which Kuomintang (KMT) councilors rejected the mayor's report in unison, while Democratic Progressive Party (DPP) councilors defended Ko.
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