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Taiwan

Taiwan’s economy seeing sluggish growth

TAIWAN

TAIPEI: Taiwan’s economy turned sluggish in April, with the overall monitoring index flashing “yellow-blue” for the first time after nine consecutive months of stable growth, according to business indicators published on Friday by the National Development Council (NDC). The NDC uses a five-color system to gauge the country’s economic performance, with blue indicating economic recession, yellow-blue representing economic sluggishness, green ... Read More »

Taiwanese investors interested in Vietnam’s solar energy projects

TIAWAN

TAIPEI: Under Decision No. 11/2017/QD-TTg dated April 11, 2017, solar power investors have to pay corporate income tax at just 10 percent for their first 15 years of operation. They can also receive tax exemptions in the next four years and pay half tax for the next nine years. They are also exempt from import tariffs to create fixed assets ... Read More »

Taiwan shares end down in reduced turnover

TIAEAN

TAIPEI: Shares in Taiwan slid Friday, extending the losses of a session earlier, amid rising concerns that the political uncertainty facing U.S. President Donald Trump will make it hard for him to push for tax reform and infrastructure investment, dealers said. Turnover was also relatively low, limiting trading of large-cap stocks to within a narrow range that prevented the broader ... Read More »

Malaysian gov’t starts anti-dumping investigation over Taiwan stainless steel

TAIWWAN

TIAPEI: Malaysia’s Ministry of International Trade and Industry (MITI) has launched an anti-dumping investigation into cold rolled stainless steel  (CRSS) imports from Taiwan, China, Korea and Thailand, according to a statement released by Taiwan’s Bureau of Foreign Trade. Bahru Stainless, a Malaysian CRSS manufacturer, filed a petition to the Malaysian government on May 17 to look into the stainless steel ... Read More »

Information service sector’s sales expected to hit high in 2017

TAIWAN

TAIPEI: Sales of the local information service sector are expected to hit a new high in 2017 on the back of a wider range of applications in the Internet of Things (IoT), cloud computing, e-commerce and big data, the Ministry of Economic Affairs (MOEA) said Monday. The MOEA said that revenue generated by the local information service sector is estimated ... Read More »

Taiwan to spend NT$10b fighting narcotics over next 4 years

TIAWAN

TAIPEI: Premier Lin Chuan said on Thursday that the government plans to adopt a more human-centric strategy to fight the spread of narcotics and is planning to spend NT$10 billion (US$331.3 million) on such efforts over the next four years. The planned spending marks a significant increase from the current level of NT$1.2 billion per year, Lin said at a ... Read More »

Taiwan Mobile Q1 profit up 5%, revenue slightly declines

TIWAN

TAIPEI: Taiwanese operator Taiwan Mobile saw its net income grow 5 percent year-on-year to TWD 3.96 billion in the first quarter of 2017. Revenues slightly declined by 1 percent year-on-year, plunging 6 percent quarter-on-quarter, to TWD 28.84 billion for the three months to 31 March 2017. EBITDA was flat year-on-year at TWD 8.44 billion. Fourth-quarter mobile service revenue fell 2 ... Read More »

Taiwan seizes 3 ‘world’s most expensive’ tortoises at airport

TAIWAN

TAIPEI: A Malaysian tourist was caught on Sunday at Taiwan Taoyuan International Airport for trying to smuggle into Taiwan three angonoka tortoises, which are listed as critically endangered species by international wildlife conservation organizations and reputed to be the most expensive tortoise on earth – worth about NT$1 million (US$33,150) each. The Malaysian man arrived at Taiwan’s main international airport ... Read More »

Taiwan inflation misses estimates in April

TIWANNN

TAIPEI: Inflation in Taiwan rose at a slower pace than expected in April as price growth for fuels, lubricants, tobacco and betel nuts were offset by falling food prices. The consumer price index rose 0.12 per cent year on year in April, slowing from a 0.18 per cent pace in March, according to Taiwan’s Directorate-General of Budget, Accounting and Statistics. ... Read More »

Tax website crashes for 6 hours on first day

taiwan

TAIPEI: The first day of the annual tax filing period began yesterday with a flood of applications and complaints as the online tax-filing system slowed to a crawl for up to 6 hours, due to heavy user traffic generated over the May Day holiday. Ministry of Finance Director Lee Ching-hua apologized for the slowdown and said the ministry is taking ... Read More »

Microsoft’s fiscal 3Q revenue falls short of expectations

TAIWAN

TAIPEI: Microsoft’s cloud business propelled its fiscal third-quarter earnings above Wall Street’s expectations, but revenue fell short, sending the software maker’s stock lower in after-hours trading. Microsoft Corp. said Thursday that it earned $4.8 billion, or 61 cents per share, in the January-March period. That’s up 28 percent from $3.76 billion, or 47 cents per share, in the same period ... Read More »

East Jordan public schools looking for $10.84m bond

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TAIPEI: Leaders at East Jordan Public Schools are trying to get people to the polls next Tuesday for a vote on a $10.84 million bond. Part of the bond will go toward fixing up the buildings, improving security, updating locker rooms and building a walking track in the high school’s gym. It would also update the school’s technology and the ... Read More »

Taiwan to slash tax on same day securities trading

TAIWAN

TAIPEI: Taiwan’s Legislative Yuan adopted legislation to halve the securities transaction tax rate on day trading activity from 0.3 percent to 0.15 percent. The amendments to the Securities Transaction Tax Act are designed to improve the jurisdiction’s attractiveness to investors and help Taiwan compete against other financial centers in the region, such as Hong Kong and Singapore. A move to ... Read More »

Taiwan remains on US currency watch list

TAIWAN

TAIPEI: The U.S. Department of Treasury has kept Taiwan on its currency monitoring list after Washington released its latest twice-a-year foreign exchange policy report on Friday. It was the third time that Taiwan was placed on the currency monitoring list since the United States started to publish such a report in April 2016. However, the U.S. Treasury did not name ... Read More »

Beijing’s new electronic Taiwan travel-pass includes fingerprints

TAIWAN

TAIPEI: Beijing has introduced new electronic travel passes for mainland visitors to Taiwan, replacing the paper versions. The ID card-sized travel pass is valid for five years for people aged under 16 years, and 10 years for those older than 16. Applicants in Beijing are required to have their fingerprints scanned when applying for the e-pass, which is expected to ... Read More »

Taiwan stocks rise tracking regional markets

TAIWAN

TAIPEI: Taiwan stocks rose on Friday, tracking gains in regional markets as investors bet on strong earnings and tax reforms in the United States.  As of 0251 GMT, the main TAIEX index was up 0.75 percent at 9,705.06, after closing down 0.1 percent on Thursday. All sectors rose with the semiconductor index up 1.18 percent and the automobile index 0.77 ... Read More »

American posing as arms dealer defrauds 3 Taiwanese women

TAIWAN

TAIPEI: An American man has been detained by police for allegedly defrauding at least three Taiwanese women who he met on an online dating site while posing as a weapons dealer, reports Apple Daily. The suspect, Archie Boimah Richards, earlier this year told a Taiwanese woman he met on a dating website that he conducted an important arms sale with ... Read More »

taiwa

TAIPEI: Following a drop of more than 100 points in the previous session on heightened geopolitical tension, the weighted index on the Taiwan Stock Exchange had finished slightly lower Monday by 16.53 points, or 0.17 percent, to 9716. The local bourse remained in the doldrums amid cautious sentiment after the North Korea’s missile launch, which ended in failure but enraged ... Read More »

Uber announces return to Taiwan

TAIWAN

TAIPEI: Uber Technologies Inc., a U.S-based ride-sharing company, announced on Thursday its return to Taiwan with a new business model that involves cooperating with car rental companies. Mike Brown, Uber Asia-Pacific regional general manager, called the suspension of its service two months ago an “incredibly difficult decision,” but said the company was happy to “bring Uber back.” In every country ... Read More »

China slowdown drags on Taiwan tech sales in March

TAIWAN

TAIPEI: Sales at Taiwan’s major tech companies decelerated sharply in March, pressured by a slowdown in Chinese smartphone makers and an unfavorable foreign exchange rate for the export-reliant electronics sector. Total revenue of the 19 tech companies monitored by Nikkei Asian Review went up 2.67% from a year ago to 885.5 billion New Taiwan dollars ($28.97 billion) in March, slowing ... Read More »