South Korean authorities cited the risk of Chinese economic retaliation when they charged marine technology firm SI Innotec last year with violating trade laws for its work on Taiwan's new military ...
A Day of High Stakes: Taiwan Stock Index and the Rise of Electronic Stocks
The day was Friday, October 13th, a date that will be marked in the annals of Taiwan’s financial history. The Taiwan Stock Index, a barometer of the island’s economic pulse, closed at 16,782.57 points ...
Cathay Financial lowers GDP forecast to 1.3 percent
Cathay Financial Holding Co (國泰金控) yesterday lowered its forecast for the nation’s GDP growth this year from 1.8 percent to 1.3 percent — its second downward revision this year — due to weak exports, ...
Largest financial firms rake in NT$27.99 billion
making them the two most profitable financial conglomerates. Their banking arms Taipei Fubon Bank (台北富邦銀行) and Cathay United Bank (國泰世華銀行) continued to benefit from earlier interest rate hikes at home ...
Slowdown lowers tax revenue 9%
Tax revenue last month declined 9 percent from a year earlier to NT$332.4 billion (US$10.31 billion), as an economic slowdown weighed on corporate and personal income taxes, although securities ...
Taiwanese Financial Sector’s $6.3B Exposure to Israel Amid Conflict: Risk Under Control, Says FSC
Taiwan’s Financial Exposure Amid Israel-Palestine Conflict As the Israel-Palestine conflict escalates, Taiwanese financial institutions’ growing exposure to Israel has become a subject of concern. The ...
Taiwan minister says TSMC has received China chip waiver extension from US
Taiwanese chipmaker TSMC has received from the United States a waiver extension to supply U.S. chip equipment to the company's factories in China, Taiwan Economy Minister Wang Mei-hua said on Friday.
UPDATE 1-Taiwan Sept exports rise for first time in 13 months, lifted by US demand
Taiwan's exports emerged from a year-long decline in September, rising for the first time in 13 months on increased demand from the United States ahead of the year-end holiday shopping season.
US Removes Taiwan from Currency Manipulation Watchlist: A Victory for Economic Diplomacy
In a significant turn of events, the United States has reportedly removed Taiwan from its currency manipulation watchlist, a move that marks the easing of one of the many points of contention between ...
Taipei Fashion Week SS24: A Youthful Celebration of Streetwear and Culture
TAIPEI, Taiwan, Oct. 12, 2023 /PRNewswire/ -- Taipei Fashion Week SS24, kicked off its opening show on October 11, 2023, with the theme of "Youth Culture". The event showcased the latest trends and ...
COVID-19 Pandemic: Taiwan’s Economic Struggles and the Rising Unemployment Rates
When the COVID-19 pandemic hit the world in early 2020, nations globally grappled with its devastating effects. Among them, Taiwan, despite its successful containment of the virus, has had to face ...
Taiwanese Financial Institutions Report High Earnings, Set to Challenge Historical Records
In a robust display of financial performance, 14 Taiwanese financial institutions have reported their earnings for the first three quarters of the year. Despite a decline in September’s earnings, the ...
Taiwan sets up task force to study Israel-Hamas war
Taiwan has set up a task force to draw lessons from the surprise attack by Hamas on Israel, Defence Minister Chiu Kuo-cheng said on Thursday, saying intelligence is key to preventing a war as the ...
Taiwan Sept exports rise first time in 13 months, beating forecasts
Taiwan's exports, imports and trade balance for September, released by the Ministry of Finance on Wednesday. SEPT REUTERS POLL AUGUST Exports (y/y %) +3.4 -3.0 -7.3 Imports (y/y %) -12.2 -14.15 -22.9 ...
2 Pinoys caught with P100 million heroin in Taiwan
Two Filipino tourists were detained by the Taiwan police upon their arrival at the Kaohsiung International Airport in Taiwan for allegedly carrying P100 million worth of high-grade heroin, an official said yesterday.
Taiwan’s National Financial Stabilization Fund Reports Profits of $219 Million in Q3
Taiwan’s NFSF Reports Remarkable Q3 Performance The National Financial Stabilization Fund (NFSF) in Taiwan has released its third-quarter performance, revealing significant profits and an optimistic ...