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June, 26, 2016

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Taiwan > Business
Shares in Taiwan took a beating Friday as investors scrambled to dump their holdings in the wake of the results of a referendum held by the United Kingdom a day earlier which pointed to a departure of the country from the European Union, dealers said.
 
Yuanta-Polaris cuts GDP growth forecast to 0.9%
Yuanta-Polaris Research Institute (元大寶華綜經院) on Thursday lowered its annual economic growth forecast for Taiwan from 1.42 percent to 0.9 percent amid disappointing global demand.
 
Chunghwa Telecom (中華電信) was presented with the "Taiwan Mobile Service Provider of the Year" award by consulting firm Frost & Sullivan recently in Singapore.
 
The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.031 to close at NT$32.190, the lowest level in 10 months, as foreign investors moved more funds into the region, dealers said.
 
Shares in Taiwan pulled back Thursday amid cautious sentiment as the United Kingdom prepared to hold a referendum to decide whether it will stay in the European Union, dealers said.
 
Dancing in Keelung
Mariachi dancers take to the streets of Keelung, Thursday, June 23. The city kicked off its sixth annual Ocean Eagle Festival to celebrate the 130th anniversary of the opening of its port. The city government invited performers from throughout Taiwan as well as international students to participate in the street festivities.
 
Taiwan's jobless rate in May hit 3.84 percent, down by 0.02 percentage points from April but up by 0.22 percentage points year-on-year, government statistics showed.
 
Net income of overall securities firms in May 2016 was NT$1,538 million. Among them, net income of integrated securities firms was NT$1,481 million, net income of securities brokerage firms was NT$60 million, and net loss of FCM that engaged in the securities business was NT$3 million, according to a press release from the Taiwan Stock Exchange Co. (TWSE).
 
More than 200 leading social entrepreneurs, incubators, and capacity-builders from Asian countries participated in the inaugural Social Enterprise Summit around the theme "Hard Truths and Honest Conversations: Towards Real Impact," hosted by DBS Foundation in Singapore on June 16 and 17.
 
Gou criticizes government for wasting huge sums
Terry Gou, one of the richest men in Taiwan who heads the Hon Hai business conglomerate, on Wednesday lambasted the government for wasting enormous sums of money on useless projects.
 
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