Friday , November 17 2017
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Taiwan-Japan cooperation helps crack big drug smuggling operation


  TOKYO: Japan stopped a drug smuggling operation in its waters in August with the help of Taiwanese police, officials with Taiwan’s Criminal Investigation Bureau (CIB) said Monday, touting the case as a successful example of international cooperation in combating the drug trade. Acting CIB investigation squad chief Yang Kuo-sung (楊國松) trumpeted the success at a press conference on Monday, ... Read More »

JCCI urges Taiwan to ease 3/11 food import ban


TAIPEI:  The Japanese Chamber of Commerce and Industry is urging Taiwan to ease its ban on food imports from five prefectures imposed as a result of the Fukushima nuclear disaster. In its annual white paper released Friday, the Taipei branch of the business group expressed hope that Taiwan will work to join regional economic cooperation agreements and sign a free ... Read More »

Taiwan export machine tool sales expected to grow


TAIPEI: At the end of October, I had the opportunity to sit down with Walter Yeh, president and CEO of the Taiwan External Trade Development Council (TAITRA), to discuss the current state of the Taiwan machine tool industry and the initiatives the industry is embracing as it endeavors to increase exports and become more competitive in the world market. Mr. ... Read More »

Taiwan economy picked up speed in 3rd quarter on tech upswing


TAIPEI: Taiwan’s economy accelerated in the July-September period for the first time in three quarters, official data showed Tuesday. The growth was powered by continued strength in the island’s technology exports against the backdrop of the latest smartphone-release cycle. Gross domestic product expanded by 3.11% from a year ago, accelerating from a 2.13% increase in the second quarter. The result ... Read More »

Taiwan’s Q3 GDP to post 6th quarter of expansion on strong exports


TAIPEI: Taiwan’s economy probably grew for a sixth straight quarter in July-September and at a faster pace, boosted by tech exports on the back of a global economic upswing and recovering consumption. Gross domestic product was forecast to have expanded 2.15 percent in the third quarter from a year earlier compared with 2.10 percent in the previous three months, according ... Read More »

Taiwan’s Art Bank program opens in Singapore


TAIPEI: The Art Bank program, initiated by the Ministry of Culture (MOC), started showcasing art painted by Taiwanese artists at the Taipei Representative Office in Singapore and the representative’s official residence in the country on Thursday. A total of 37 paintings by 29 Taiwanese artists are on show, with 19 works showcased in the office and 18 art pieces displayed ... Read More »

Taiwan manufacturing, service sectors confidence over growth cools in September


  TAIPEI: The manufacturing and service sectors in Taiwan have less confidence in future growth as economic uncertainties loom, a report showed Wednesday. The confidence index for the manufacturing sector ended three months of consecutive increase by dropping 0.5 points to stand at 101.72 points in September, while that for the service sector also edged down, according to a report ... Read More »

Taiwan probes sea for Chinese ownership ahead of $1n US listing


TAIPEI:  Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. ... Read More »

Taiwan Sept export orders to rise for 14th month, but at slower pace


TAIPEI: Taiwan’s export orders in September likely rose for a 14th straight month, propelled by the launches of new smartphone models and other tech gadgets ahead of the traditional peak year-end shopping season. Export orders in September were expected to expand 7.1 percent from a year earlier, according to the median forecast of 11 analysts in a Reuters poll. That ... Read More »

Malaysia imposes anti-dumping tariffs on Taiwan steel firms


  TAIPEI: Malaysia has imposed anti-dumping tariffs on steel companies from four countries, including Taiwan, after accusing them of selling their cold rolled stainless steel products at unfairly low prices, according to Taiwan’s Ministry of Economic Affairs (MOEA). The MOEA’s Bureau of Foreign Trade (BOFT) said in a statement Monday that Malaysia’s Ministry of International Trade and Industry issued a ... Read More »

Qualcomm faces $774 mln antitrust fine in Taiwan


TAIPEI: Qualcomm’s antitrust troubles aren’t going away any time soon. Taiwan’s Fair Trade Commission has fined the company the equivalent of $774 million over claims it abused its dominance of cellular chipsets in phones. The company effectively has a monopoly over CDMA, WCDMA (3G) and LTE chipsets, the Commission said, and it refuses to properly license its technology to others. ... Read More »

Taiwan Sept exports surge at best pace in 7 yrs, showing solid tech demand


TAIPEI: Taiwan’s already-buoyant exports surged much more than expected in September, growing at the fastest on-year pace in more than seven years, thanks to strong global demand for electronic gadgets at the start of the year-end shopping season. Exports in September rose 28.1 percent from a year earlier, the finance ministry said on Wednesday. That was the fastest growth pace ... Read More »

Taiwan’s Brogent widens global footprint


  TAIPEI: Taiwan-listed Brogent Technologies Inc is set to advance in the global entertainment scene with its i-Ride flying theatres, as it plans to expand in Europe and to the Middle East. The group currently has nine i-Ride theatres globally, spread out across China, Canada, Japan, the US, Germany, Spain, and Taiwan, where it calls home. In an i-Ride theatre, ... Read More »

Taiwan inflation slows more than expected in September


TAIPEI: Taiwan’s consumer price inflation eased more-than-expected in September, figures from the Directorate General of Budget, Accounting and Statistics showed Friday. The consumer price index rose 0.5 percent year-over-year in September, slower than the 0.96 percent climb in August. Economists had expected the inflation to ease to 0.9 percent. Transportation and communication costs grew 1.05 percent annually in September and ... Read More »

Taiwan not involved in trafficking of illegal drugs: Minister


  TAIPEI: Justice Minister Chiu Tai-san (邱太三) said Thursday that Taiwan is not a source of illegal drugs trafficked to other countries, as claimed by Philippine President Rodrigo Duterte. Asked about the issue during a hearing of the Legislative Yuan’s Judiciary and Organic Laws and Statutes Committee, Chiu said Duterte’s claim could be based on the fact that China and ... Read More »

Netbay PCL increased 6.31% on Oct 3


  TAIPEI: Shares of Netbay PCL (BKK:NETBAY) last traded at 29.5, representing a move of 6.31%, or 1.75 per share, on volume of 2.26M shares. After opening the trading day at 28, shares of Netbay PCL traded in a close range. Netbay PCL currently has a total float of 200.00M shares and on average sees 1.48M shares exchange hands each ... Read More »

Taiwanese banks eye Cambodian market


TAIPEI: Taiwan Cooperative Bank, Chang Hwa Commercial Bank and First Commercial Bank, all Taiwan-based banking institutions, will soon open new branches in the kingdom. The announcement follows a string of positive reports about the investment climate in the local banking industry, particularly as it pertains to banking houses from the island nation. According to a report from Taiwan Business TOPICS ... Read More »

Growth remains sluggish in Taiwan’s manufacturing sector

manufacturing sector

TAIPEI: The local manufacturing sector continued to flash a “yellow-blue” light for the third month in a row in August, signaling sluggish growth, although the composite index and other indicators rose slightly from July, according to a report released Friday. In the report, the Taiwan Institute of Economic Research (TIER) said that the composite index for the manufacturing sector rose ... Read More »

Duterte blames Taiwan gang for drug war


  TAIPEI: President Rodrigo Duterte has defended his drug war and placed the blame on the “Bamboo Triad” of Taiwan, which he claimed was flooding the Philippines with illegal drugs. The president said his administration was not after killing people. “Now, there are some countries which are insulting us, (asking us) to open our records to them. Who are you ... Read More »

Taiwan denies Duterte claim to source of drugs


  TAIPEI: Taiwan denied President Rodrigo Duterte’s claim that it is a source of drugs in the Philippines, as in fact Taiwanese authorities have helped seize P3.2 billion ($62.8 million) in shabu, shabu laboratories, and related equipment. “Taiwan has never been the source of illegal drugs entering the Philippines. Rather, Taiwan is the best partner for the Philippines to jointly ... Read More »