Taiwan to levy duty on online purchases over NT$2,000

said Ministry of Finance officials. The particular group of importers often reassembles large packages into smaller packages to lower the product value, and constantly import the resized packages into Taiwan. These persistent importers account for only ... ( read original story ...)

Over 6 million packs of smuggled cigarettes seized in 6 months

Taipei, May 29 (CNA) The government's efforts to step up a clampdown on tobacco smuggling have borne fruit over the past six months, resulting in the seizure of over 6.22 million packs of smuggled cigarettes during the period, Minister of Finance Sheu Yu ... ( read original story ...)

Discover Future from Asia at InnoVEX of COMPUTEX TAIPEI

Taipei, Taiwan, May 28, 2017 (GLOBE NEWSWIRE) -- COMPUTEX TAIPEI, the largest B2B ICT tradeshow in Asia, established a new exhibit area for startups last year called InnoVEX, creating a platform for tech startups to network with global buyers, investors ... ( read original story ...)

Cathay Financial to acquire bank in Malaysia

Taipei, May 27 (CNA) Cathay Financial Holding Co. (國泰金), one of the largest financial holding firms in Taiwan, has agreed to acquire the Canada-based Bank of Nova Scotia's banking assets in Malaysia as part of the Taiwanese banking group's efforts to ... ( read original story ...)

March-April winning uniform invoice numbers released

Taipei, May 25 (CNA) The winning number for the NT$10 million (US$332,970) special prize in the March-April uniform invoice lottery is 74748874, the Ministry of Finance (MOF) announced Thursday. The actual prize will be NT$8 million after tax and it must ... ( read original story ...)

Taiwan stocks rise for 4th day, heavyweights gain; Sinopac down

Taiwan Semiconductor Manufacturing Co (TSMC), the world's biggest contract chip maker, added 0.5 percent. Hon Hai, a key supplier of Apple Inc, jumped 1 percent. Sinopac Financial Holdings, a mid-sized financial holding firm, fell 0.2 percent. The company ... ( read original story ...)

Imported goods over NT$2,000 to be levied with customs duty

Taipei, May 23 (CNA) The Ministry of Finance (MOF) will lower the duty-free threshold for goods imported via mail to NT$2,000 (US$66.29) from the current NT$3,000, probably starting from September, ministry officials said on Tuesday. The MOF said the main ... ( read original story ...)

Taiwan stocks rise for third session; techs, financials jump

TAIPEI May 24 Taiwan stocks rose for a third straight session on Wednesday, joining other markets in the region, with tech and financial heavyweights leading the way. As of 0123 GMT, the main TAIEX index was up 0.3 percent at 10,042.10, after closing 0.1 ... ( read original story ...)

Taiwan stocks edge up with heavyweights leading gains

The electronics subindex rose 0.2 percent, while the financials subindex dropped 0.1 percent. TSMC, the world's biggest contract chip maker, added 0.2 percent. The Taiwan dollar firmed T$0.025 to T$30.027 per U.S. dollar. At least 10 people are believed to ... ( read original story ...)

Taiwan stocks rise; T$ at strongest level vs US$ in 2 1/2 weeks

TAIPEI May 22 Taiwan stocks rose along with other regional ... The electronics subindex rose 0.5 percent, while the financials subindex was unchanged. Among the most actively traded, Taiwan Semiconductor Manufacturing Co (TSMC) and Hon Hai Precision ... ( read original story ...)

Taiwan’s financial watchdog to draft strategic plan

Taiwan’s Financial Supervisory Commission (FSC) will draft a strategic plan that will guide the financial sector in these dire times of enormous challenges, especially due to the prevailing low interest rates at home and in other major markets across the ... ( read original story ...)