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October, 26, 2016

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Shares in Taiwan closed higher Wednesday as most Asian markets closed up, following strong earnings reports from a number of U.S. companies, which drove solid gains on Wall Street overnight, dealers said.
Taiwan's electricity operating reserves plunged to a historic low on same-month records, as a malfunction at Dalin Power Plant early Wednesday morning pushed the nation closer to power rationing.
Super Typhoon Haima is not expected to directly threaten Taiwan because it is moving on a more southward course than expected, but air currents from its periphery could still deliver strong winds, the Central Weather Bureau (CWB) said Wednesday.
Hung calls for party consensus, flexibility in China talks
Kuomintang (KMT) Chairwoman Hung Hsiu-chu on Wednesday called for party members to close ranks ahead of her planned trip to Beijing next month and blasted allegations that China was giving the opposition financial assistance.
Labor unions to march for 123 days off every year
Labor unions will stage a thousands-strong rally on Tuesday against the Tsai Ing-wen's administration and Democratic Progressive Party's (DPP) "unrelenting determination" to pass a controversial workweek bill.
Taipower warns of electricity shortages
The Taiwan Power Company (Taipower) warned on Tuesday of electricity shortages as the country's operating reserve dived to the eighth lowest in history, triggering an orange alert.
Taipei urged to decriminalize sex work
Sex workers and their supporters called Tuesday for the Taipei City government to legalize prostitution. The demonstrators criticized Mayor Ko Wen-je for trying to "wash his hands" of the issue.
Confidence in the local economy has shown signs of a slight improvement as various economic data points to a rebound, a survey conducted by Cathay Financial Holding Co. (國泰金) .
Kuomintang lawmaker Wang Jing-pyng addressed the Legislative Yuan on Tuesday urging that the pan-blue and pan-green coalitions put down their political differences and seek consensus on national matters for the sake of the people.
Separating revisions to the Electricity Act (電業法) into two stages would allow for more efficient production and would increase generation from renewables, Premier Lin Chuan said on Tuesday.
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