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Friday, April 25, 2014
As real estate prices peak, stocks may serve as better investment, because they are likely to provide a better rate of return, Finance Minister Chang Sheng-ford (張盛和) said yesterday.
Shares in Taiwan suffered profit taking to close in negative territory Thursday, although certain local suppliers in the Apple Inc. supply chain posted gains in the wake of better-than-expected quarterly results from the U.S. consumer electronics giant, dealers said.
The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.02 to close at NT$30.306 as traders were encouraged by the strength of the South Korean won to raise their holdings in Taiwan's currency, dealers said.
Largan Precision Co. (大立光) yesterday impressed the market by posting NT$6.86 billion and NT$22.36 for first-quarter consolidated revenues and earnings per share (EPS), both of which reached a new high in the first quarter.
Sales generated by the local commercial sector for the first quarter of this year rose more than 2 percent from a year earlier on the back of a recovery in domestic commercial activity, according the Ministry of Economic Affairs (MOEA) said Thursday.
Taiwan's leading chief financial officers (CFOs) are more bullish on 2014 growth prospects compared with last year, but identify financial market risk and uncertainty in the domestic economy as the primary challenges to achieving higher revenue and profitability targets.
Thursday, April 24, 2014
Taiwan -- Maximum housing tax to be raised to 3.6%
A legislative committee yesterday approved an amendment to increase maximum housing taxes from 2 percent to 3.6 percent.
Housing taxes could be subject to new rates by May of next year if an amendment aimed at pulling down extreme housing prices clears the Legislature, Finance Minister Chang Sheng-ford said Wednesday.
The return on investment for Taiwan's commercial real estate market has been low in the past two years, and many investors have switched their investment targets to New York, London and Tokyo, among others, according to a real estate consultancy.
Asia's largest computer show will focus this year on smart living technologies and applications, from 3D printers to wearable devices, according to one of the organizers of Computex Taipei.
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