Wednesday , April 25 2018
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Taiwan

Taiwan MOEA team to probe imports of Chinese steel

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TAI PEI: Economic Affairs has formed a task force to probe anti dumping and anti-subsidy charges against certain steel imports from China. International Trade Commission said in a statement that the commission plans to hold public hearings on Wednesday and Monday next week to collect feedback from concerned parties and gauge public opinion before formally launching the investigation in a ... Read More »

Taiwan to investigate Chinese steel imports

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TAI PEI: Taiwan has launched an investigation into steel imports from China, the Ministry of Finance said. “This is done in a bid for the US to add Taiwan to the exclusion list of the Section 232’s 25% tariff,” a source from a Taiwanese mill said. Chinese products being investigated by Taiwan include certain galvanized and zinc alloy flat-rolled steel ... Read More »

Taiwan’s CPC to suspend bunker customs declarations at Taichung on maintenance

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TAIPEI: Taiwan’s state-owned refiner CPC issued an alert Friday morning saying it would be unable to process bunker fuel customs declarations at Taichung port on Friday afternoon because of a company scheduled internet maintenance. Due to the maintenance, bunker fuel nominations with delivery dates from April 21-23 should be sent to CPC before 12 pm (0400 GMT) Friday, the statement ... Read More »

Taiwan starts trade probe into imports of Chinese steel

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TAI PEI: The anti-dumping probe involves Chinese imports of stainless hot-rolled and cold-rolled carbon steel, according to an April 17 statement by the territory’s Ministry of Finance. Products under the countervailing investigation include galvanized and zinc-alloy flat-rolled steel, carbon steel plate, and stainless cold-rolled steel. Taiwan already has anti-dumping duties levied on these products from China. Local mills in Taiwan ... Read More »

Taiwan launches anti-dumping probe into Chinese steel imports

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TAIPEI: The Ministry of Finance (MOF) has launched anti-dumping and anti-subsidy investigations into steel products sold by China on the local market in a bid to protect the interests of Taiwanese firms. The ministry said Chinese steel products being looked at by the anti-dumping investigation include galvanized steel, carbon steel plates and cold rolled stainless steel, while the anti-subsidy probe ... Read More »

Taiwan fishing vessel detained in Indonesian waters

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TAIPEI: Taiwan registered fishing vessel was stopped and detained by Indonesian authorities on suspicion of incorrect documents while traveling through the Strait of Malacca in the Southeast Asian country’s territorial waters Sunday. The Da Wei No. 13, based in Donggang, Pingtung County, was detained and investigated by Indonesian authorities, the country’s customs officials said. Earlier, a staff member of a ... Read More »

India launches anti-dumping probe into Taiwanese chemical firms

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MUMBAI: India has launched an investigation into chemical firms from Taiwan and three other economies, accusing them of dumping a commonly used type of chemical at unfairly low prices into the Indian market, according to the Ministry of Economic Affairs (MOEA). The MOEA said India’s Ministry of Commerce and Industry kicked off a probe on April 4 into epoxy resin ... Read More »

Taipei Exchange to Hold 2018 Taiwan CEO DAY

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TAIPEI: In cooperation with Capital Securities, will be holding the 2018 Taiwan CEO Day in Hong Kong on April 12 through 13. There will be 17 TPEx Mainboard and Emerging Stock Board listed companies joining the event including Chime Ball Technology Co., Ltd., TTFB Co., Ltd., WIN Semiconductors Corp., Bothhand Enterprise Inc., Macroblock Inc., ATE Energy International Co., Ltd., Intech Biopharm ... Read More »

Taiwan to respect local businesses decisions to invest in China

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TAIPEI: Minister of Economic Affairs Shen Jong-chin  told lawmakers Wednesday that he will respect Taiwanese businesses’ decisions to invest in China, in light of a new pledge from the Chinese president to further open its markets. Speaking at the Boao Forum for Asia Tuesday, Chinese President Xi Jinping  outlined four strategies that China will adopt to open its markets. The ... Read More »

Taiwan’s exports grow in March on strong global demand

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TAIPEI: Taiwan’s exports in March rose 16.7 percent from a year earlier to US$29.99 billion as global demand remained strong, according to data released by the Ministry of Finance (MOF) on Monday. The March export figures returned to positive territory after posting a slight year-on-year decline in February, when there were fewer working days as a result of the six-day ... Read More »

Taiwan’s power supply in April forecast to be tight

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TAI PEI: In addition to the warm weather, the sudden shutdown of the second reactor of the country’s No. 2 nuclear power plant located in New Taipei City one day after resuming operations and the annual maintenance of the first reactor of the No. 3 nuclear power plant located in Pingtung County are expected to make the situation worse and ... Read More »

Taiwan’s exports seen resuming growth in March

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TAIPEI: Taiwan’s exports are likely to have rebounded in March as electronics demand picked up, after a drop in February due to the Lunar New Year holiday, a Reuters poll showed. March exports are estimated to have expanded 7.6 percent from a year earlier, according to the median forecast of 14 analysts polled by Reuters. Exports fell 1.2 percent in ... Read More »

Taiwan shares lower after U.S. plunge

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TAI PEI: Taiwan shares moved lower on Tuesday morning as investors here reacted to a plunge on Wall Street overnight amid worries over a looming trade war between Washington and Beijing as well as further volatility among U.S. tech stocks, dealers said. The bellwether electronics sector led the downturn, with selling focusing on select large cap stocks, such as contract ... Read More »

Taiwan to appeal Turkey’s import tariff increases

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TAIPEI: Taiwan is to submit a formal statement to Turkey, voicing concern and asking for exemption from the country’s recent increase in tariffs on a range of imports, the Bureau of Foreign Trade said yesterday. The bureau is to submit a statement to the Turkish government via the Taipei Economic and Cultural Mission in Ankara, saying that the additional customs ... Read More »

Taiwan catches 2 tons of drugs hidden inside machinery from China

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TAIPEI: Customs in Keelung found 2 tons of raw materials enough to make ketamine for 5 million people hidden inside machinery imported from China, reports said Saturday. Five suspects were arrested in connection with the cases, but the authorities were still looking for the ring behind the drugs smuggling, the Liberty Times reported. The Ministry of Justice Investigation Bureau said ... Read More »

Taiwan shares may take further damage on Thursday

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TAIPEI: The Taiwan stock market on Wednesday ended the two-day winning streak in which it had advanced more than 160 points or 1.4 percent. The Taiwan Stock Exchange now rests just above the 10,865-point plateau, and the losses may accelerate on Thursday. The global forecast for the Asian markets is uninspired as tech shares figure to see continued selling pressure, ... Read More »

Taiwan economy shows growth for February

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TAIWAN: The domestic economy flashed a “green light” in February, pointing to stable growth as industrial production started a slow recovery, the National Development Council (NDC) said Tuesday. The NDC said the composite index of monitoring indicators for February increased four points from a month earlier to 24 points, flashing a green light. The NDC uses a five-color system to ... Read More »

Taiwan shares end higher after strong U.S. lead

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TAIPEI: Shares in Taiwan ended higher Tuesday following strong performance on Wall Street overnight. The Taiwan Stock Exchange’s main index closed up 146.74 points, or 1.35 percent, at 10,986.79, on turnover of NT$129.68 billion (US$4.45 billion). The market opened up 61.64 points at 10,901.69 and moved higher to end at the day’s high, recouping much of the big losses recorded ... Read More »

Taiwanese nationals nabbed for smuggling 40 kg of stimulant drugs

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TAIPEI:  As a part of a joint investigation, Kanagawa Prefectural Police and the Kanto Narcotics Control Department have arrested two male Taiwanese nationals over the smuggling of nearly 40 kilograms of stimulant drugs into Japan via ship earlier this year.. The suspects, aged aged 27 and 29, have been accused of smuggling 36.7 kilograms of kakuseizai, or stimulant drugs via a ... Read More »

Two Taiwanese arrested in Japan on suspicion of smuggling drugs

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TAIPEI: Two Taiwanese nationals have been arrested in Japan for allegedly smuggling narcotics into the country with a street value of close to 2.4 billion yen (USD$22.86 million), according to Japanese and Taiwanese media Friday. According to the Asahi Shimbun, the two Taiwanese suspects are 29-year-old Feng Kuan-chieh  and 27-year-old Wu Shang-huaand they were arrested by the Kanto-Shinetsu Regional Bureau ... Read More »