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September, 26, 2016

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Business > Asia > Taiwan
Crate and Barrel opens second Taiwan store
Lifestyle brand Crate and Barrel's second Taiwan store opened Thursday, Sept. 22 at Taichung's Top City Department Store (台中大遠百). The international lifestyle chain invited the public to "linger and learn" about its classic and latest collections of home accessories and furniture.
 
China invested more money abroad last year than foreign firms piled into the country, data showed Thursday, a first for the world's second-largest economy as Beijing looks overseas as part of its drive to transform its economic growth model.
 
The U.S. dollar fell against the New Taiwan dollar Thursday, shedding NT$0.030 to close at NT$31.400 after the U.S. Federal Reserve left its key interest rates unchanged in a policymaking meeting concluded overnight, dealers said.
 
Shares in Taiwan closed little changed Thursday, as earlier gains were eroded by stiff technical resistance after the weighted index breached the 9,200-point mark, dealers said.
 
The average monthly nominal wage for the first seven months of this year fell slightly in reflection of smaller bonus payouts by employers, at a time when the local economy was slowing down, according to government statistics released Thursday.
 
Jobless rate rises to 4.08% as new graduates enter market
Taiwan's unemployment rate stood at 4.08 percent in August, up 0.06 percentage points from the previous month and 0.18 percentage points from a year earlier, government statistics showed Thursday.
 
The approved amount of foreign investment in Taiwan doubled in the period January to August this year compared with the same period in 2015, the Investment Commission under the Ministry of Economic Affairs said Tuesday.
 
Taiwan's unemployment rate stood at 4.08 percent in August, up 0.06 percentage points from the previous month and 0.18 percentage points from a year earlier, government statistics showed Thursday.
 
A former chairman of the Financial Supervisory Commission (FSC, 金管會) filed a complaint to the Control Yuan Wednesday to request a probe of Mega International Commercial Bank's (兆豐銀行) alleged money laundering.
 
The goal of the project for a light rail system serving New Taipei's Tamsui District is to upgrade Taiwan's rail industry by building trains locally for the new rail system, the city's Department of Rapid Transit Systems said Tuesday.
 
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