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July, 29, 2016

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Business > Asia
Mainland China legalizes ridesharing services
Mainland China on Thursday announced new rules governing ridesharing services, making clear for the first time that they are now legal in a giant market where U.S.-based Uber is at loggerheads with local rival Didi Chuxing.
 
Singapore multibillion-U.S.-dollar sovereign wealth fund GIC on Thursday reported a substantial dip in returns and warned of "difficult" global investment conditions over the next decade.
 
Economy in June on track for 'slow recovery'
The National Development Council (NDC, 國發會) said its economic monitoring indicator flashed the "yellow-blue" signal in June for the third month in a row, indicating that the economy was on track for a "slow recovery."
 
Japan's government Wednesday announced a stimulus package worth more than 28 trillion yen (US$266 billion) in its latest attempt to fire up the lukewarm economy, with the central bank expected to unveil its own measures this week.
 
The SEMICON Taiwan 2016, the grand annual event of the local semiconductor industry, will run Sept. 7-9 at Hall 1 and Hall 4 of the Taipei Nangang Exhibition Center, with 700 international and Taiwanese exhibitors to display their latest products and...............
 
One of the best
This file photo shows the Eslite Spectrum shopping mall at Taipei's Songshan Cultural Park. It has made it to CNN's list of the world's 14 best department stores although Eslite Spectrum is not a typical department store. The Eslite chain is known for its book-selling business.
 
The yen fell sharply Wednesday in response to a report that Japan's government will unveil a massive 27 trillion yen stimulus package to boost the stumbling economy.
 
Long overdue
This photo from the Kaohsiung health authorities shows a police officer inspecting frozen prawns confiscated during a crackdown on vendors selling expired seafood products in the southern port city, .......
 
Futures tracking the Taiwan Stock Exchange Capitalization Weighted Stock Exchange Index (TAIEX) have been listed on the Osaka Exchange at a time when Taiwan and Japan have expanded their efforts in equity market exchanges.
 
Eying bright prospects for the cruise business in Taiwan, with growing interest in Asia in the travel model, the central government is striving to provide tailored services for cruise passengers visiting ports in Taiwan, Deputy Transportation Minister Wang Kwo-tsai said Tuesday.
 
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