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October, 25, 2016

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Gov't, industry at odds over economic policy
A breakfast meeting between Premier Lin Chuan and industry leaders on Monday revealed differences in the direction of government efforts to push economic policies that encourage innovative industries.
Premier Lin Chuan (林全) said Monday that the government has been taking measures to improve Taiwan's economy, such as by creating more investment opportunities, improving the nation's competitiveness, increasing investment in infrastructure construction, strengthening cooperation between the industrial and academic sectors, and recruiting talent.
Shares in Taiwan closed higher on Monday as the bellwether electronics sector trended higher, led by large cap high-tech stocks such as contract chip-maker Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電). These helped the broader market offset selling in the old economy and financial sectors, dealers said.
Industrial production in Taiwan posted a year-on-year increase for the second consecutive month in September, helped by the launch of new mobile devices by international brands, government statistics showed Monday.
Almost 70 percent of employees in Taiwan are concerned they could be laid off ahead of the Lunar New Year holiday amid concerns over an economic slowdown at home and abroad, a survey conducted by online job bank yes123 showed on Monday.
Pretty kitty takes the city
At a press conference held on Monday, models show shoppers some of the Hello Kitty-themed souvenirs to be given away by the Pacific Sogo Department Store. The giveaway, launched to celebrate the store's anniversary, has triggered a promotion war among local department stores.
Gaining traction
The picture shows a large farm tractor displayed at the first Taiwan Agricultural Machinery & Materials Exhibition, which concluded its three-day run at an agricultural expo complex in Yunlin on Monday, Oct. 24.
Average earnings per payroll employee within the industrial and service sectors recorded annual growth of 1.37 percent from January to August, but a rise in the consumer price index (CPI) meant a drop in real spending power, according to the latest government statistics.
Fair Trade Commission chair
Professor Huang Mei-ying (黃美瑛), shown above, will serves as the next Fair Trade Commission chairwoman, Cabinet spokesman Hsu Kuo-yung announced Monday.
The U.S. dollar rose against the New Taiwan dollar Monday, gaining NT$0.053 to close at NT$31.683 as traders here reacted to the weakness of the Chinese yuan in cutting their holdings of the local currency, dealers said.
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