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Wednesday , February 22 2017
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Taiwan

Rise in export orders outpaces official forecast

TAIWAN

TAIPEI: Export orders last month climbed 5.2 percent annually to US$35.97 billion, outperforming the government’s estimate mainly due to persistent robust demand for information technology and communication (ICT) products, the Ministry of Economic Affairs said yesterday. The result beat the ministry’s forecast of 3.8 percent annual growth and represented the sixth consecutive month of annual expansion, the ministry’s data showed. ... Read More »

Q4 2016 Taiwan IC revenue increase 14.4% YoY

TAIPEI: According to the TSIA survey showed that Q4 2016 Taiwan IC revenue as a whole (including design, manufacturing, packaging and testing) totaled NT$644.2 billion(US$19.9B), down 2.3% on-quarter and 14.4% increase on-year. TSIA’s report indicated that Q4 2016 Taiwan IC revenue were NT$159.8B in design (US$4.9B) (down 10.4% on-quarter and 0.6% drop on-year), NT$360.6B in manufacturing (US$11.2B) (up 0.5% on-quarter ... Read More »

Taiwan Cement seeking growth opportunities in India

taiwan-cement-corp

TAIPEI: Taiwan Cement Corp. (TCC), the nation’s biggest cement company, is seeking growth opportunities in India, a market that the late chairman of TCC Leslie Koo believed to have great development potential. Leslie Cheng-yun Koo, Taiwan Cement chairman and president, has died on January 21st from severe head injuries after falling down the stairs at a Taipei hotel. A memorial ... Read More »

Taiwan upgrades GDP forecast to 1.92%

GDP growth

TAIPEI: The Taiwan government upgraded its forecast for the nation’s GDP growth this year to 1.92 percent, from the 1.87 percent it predicted three months earlier, saying that an improving global economic environment and stable crude oil prices might boost exports. The upward revision came after the economy expanded 2.88 percent in the fourth quarter of last year, raising GDP ... Read More »

Taiwan’s containerized imports increase in February

Taiwan's containerized imports increase in February

TAIPEI: Prices for Taiwanese containerized imports increased by $8 a ton to $245 a ton during the week ended February 10, as per the latest figures. The Taiwanese market remained silent over the week, with no concluded trades for imported ISRI grade scrap. Imported material was seen making its way to North Asian buyers, as well as South East Asian ... Read More »

Taiwan stocks higher on closing on Tuesday, hit 52 week high

stocks higher

TAIPEI: Taiwan stocks were higher after the close on Tuesday, as gains in the Electricity, Rubber and Oil, Gas & Electricity sectors led shares higher. At the close in Taiwan, the Taiwan Weighted rose 0.09% to hit a new 52-week high. The best performers of the session on the Taiwan Weighted were Taisol (TW:3338), which rose 9.97% or 3.00 points ... Read More »

Taiwan: Stocks rise to over 1-1/2 year high

TAIWAN

TAIPEI: Taiwan stocks rose on Monday to a more than one-and-a-half-year high, tracking gains in overseas markets. Asian shares ticked up, helped by renewed optimism over US President Donald Trump’s tax reform plans and his change of tack to agree to honour the “one China” policy, and generally upbeat global economic data. As of 0326 GMT, the main Taiex index ... Read More »

DBS predicts 2.1% to 3.1% growth in Taiwan’s GDP in 2017

DBS

TAIPEI: Taiwan’s economy could expand 2.1 percent this year from last year, driven mainly by better demand for technology devices, and the growth might reach 3.1 percent if the technology sector puts in an exceptional performance, DBS Bank Ltd said. However, the central bank could keep interest rates unchanged for the entire year to check a negative output gap, the ... Read More »

Taiwan’s agricultural exports to China fell 19.4% in 2016

Taiwan's agricultural exports to China fell 19.4% in 2016

TAIPEI: The amount of Taiwan’s agricultural exports to mainland China fell by 19.4 percent in 2016 when compared to the numbers of 2015, according to the Council of Agriculture (COA). The council blamed the fall on cold weather and typhoons which harmed production. According to details, COA tallies showed that in terms of value, Taiwan’s agricultural shipments to mainland China ... Read More »

Taiwanese banks reduces exposure to China: FITCH

Taiwanese banks reduces exposure to China: FITCH

TAIPEI: Taiwanese banks reduced exposure to China in the past two years, which puts them in a better position to deal with contagion risks stemming from China’s debt overhang, pressure on the yuan and cooling cross-strait ties, Fitch Ratings said. Accordion to details, exposure to China among Taiwanese banks fell to about 6.2 percent of system assets in December last ... Read More »

Taiwan: 20,000 electric motorcycle sales in 2016

Taiwan: 20,000 electric motorcycle sales in 2016

TAIPEI: Taiwan’s Ministry of Economic Affairs said that the sale of electric motorcycles reached 20,000 units last year, nearly double the previous year. Reportedly, the ministry said it would extend incentive measures for buyers this year, with the aim of doubling sales. Minister of Economic Affairs Lee Chih-kung announced the goal yesterday with a plan to extend battery charging stations ... Read More »

Taiwan’s camera lens company’s sale decline 30.15%

Taiwan’s camera lens company’s sale decline 30.15%

TAIPEI: Largan Precision Co, Taiwan’s leading Smartphone camera lens supplier, saw last month’s sales decline 30.15 percent from December last year, according to company’s statement. According to details, consolidated revenue fell from NT$5.45 billion in December last year to NT$3.804 billion (US$175.5 million), but the figure was still 17.88 percent higher than the NT$3.23 billion posted in January last year, ... Read More »

Taiwan’s housing purchase increase 37.5% in January

taipei-skyline

TAIPEI: Housing transactions in the Taiwan’s six municipalities soared 37.5 percent last month from a year earlier as buying interests recovered somewhat due to a stabilizing economy and a reduction in political rhetoric from policymakers, analysts said. Reportedly, deals totaled 15,656 units in the six municipalities despite fewer working days in the month, according to data released by the respective ... Read More »

Taiwan’s Chunghwa Telecom aims to improve its service in two years

Chunghwa Telecom Co

TAIPEI: Taiwan’s largest telecom, Chunghwa Telecom Co., said it aims to improve its Internet TV service within two years after a rule change that would allow it to offer more competitive content. According to details, the National Communications Commission last month approved a rule granting Chunghwa Telecom equal status with its local cable TV competitors in sourcing content and TV ... Read More »

Apple to launch mobile payment service in Taiwan

apple-mobile-payments

TAIPEI: The US technology giant, APPLE, said that Apple Pay, a mobile payment and digital wallet service provided by Apple Inc, will soon be available in Taiwan. According to details, consumers will be able to use iPhones and Apple Watches equipped with Touch ID fingerprint authentication to make payments, the Web site said, but did not give an exact date ... Read More »

Taiwan witness growth in global textile market

textile

TAIWAN: The textile industry in Taiwan has witnessed a significant growth over the recent years since it’s originally establishment in 1950s. After over 60 years of development, the textile industry in Taiwan has transformed from mass production to more innovative and value-added integrated product chain. Today, this island is world’s 7th largest textiles exporter and 31st clothing exporter, according the ... Read More »

EU imposes anti-dumping tariffs on steel products from Taiwan, China

steel products

TAIPEI: The European Commission has imposed anti-dumping duties on steel products from China and Taiwan to stop them flooding Europe’s struggling steel market. The Commission said that an investigation has confirmed that Chinese and Taiwanese stainless steel tube and a type of butt-welded pipe fitting have been sold in Europe at dumping prices. The Chinese exports will now be taxed ... Read More »

Taiwan’s economy flashes a “green light”

economic-growth

TAIPEI: Taiwan’s economy flashed a “green light” last December, signaling stable growth for the sixth consecutive month, as its exports continued to grow amid recovering global demand, the National Development Council (NDC) said. According to details, the gains on the domestic equity market and an improvement in the local job market also helped boost the economy, the NDC said. Its ... Read More »

New UK envoy to Taiwan optimist on bilateral trade

Catherine Nettleton

TAIPEI: The new U.K. ambassador to Taiwan said that her country’s decision to leave European Union (EU) would allow it negotiate trade pacts with partners beyond Europe and become a global power. The British Office in Taipei’s new representative Catherine Nettleton quoted U.K. Prime Minister Theresa May’s speech from last week to emphasize that leaving the EU was not a ... Read More »

Taiwan economy grows 2.58% in 4Q

taiwan_vote_0

TAIPEI: Taiwan’s Gross Domestic Product (GDP) grew 2.58 percent in the fourth quarter of 2016 from the same period a year earlier, beating an earlier forecast of 2.37 percent in November, according to preliminary data by the statistics bureau. According to details, after seasonal adjustments, the Q4 growth rate was up 0.47 percent from the previous quarter and 1.89 percent ... Read More »