Taiwan Prospects Rosy

Sales generated by Taiwan’s retail sector and by the food and beverage sector both set new record highs in 2017, and 2018 could be another good year for them, according to the ministry of economic affairs, CNA reported. The MOEA said it was bullish on ... ( read original story ...)

Government to provide support for social housing: Tsai

Taipei, Jan. 26 (CNA) President Tsai Ing-wen (蔡英文 ... As for new housing locations, Tsai said the Finance Ministry, the (MOI) and the Defense Ministry will make 350 hectares of government land available for city and county governments for social ... ( read original story ...)

Taiwan Semi (TSM) Q4 Earnings Beat on Strong Product Ramp Up

Taiwan Semiconductor Manufacturing Co. TSM reported fourth-quarter 2017 earnings of 64 cents per ADR, which exceeded the Zacks Consensus Estimate. Further, it increased 13% sequentially and 5% year over year. Moreover, revenues increased 5.9% year over ... ( read original story ...)

Clifford Beaumont: UK Inflation Eases

TAIPEI, TAIWAN, January 18, 2018 /24-7PressRelease/ — Analysts ... Clifford Beaumont analysts believe that this decline could indicate that the financial pressure on UK households could decrease over the next few months. In the first fall since June ... ( read original story ...)

November-December winning uniform invoice numbers released

Taipei, Jan. 25 (CNA) The winning number for the NT$10 million (US$343,949) special prize in the November-December uniform invoice lottery is 75350343, the Ministry of Finance (MOF) announced Thursday. The prize must be claimed by May 7, 2018, the ministry ... ( read original story ...)

UK/Taiwan Talks Smooth Way for Increased Trade

The ministers also agreed to deepen links between the UK and Taiwan’s leading financial sectors, building on the UK’s £176 million of financial services exports to Taiwan last year. In particular, the UK will offer its expertise in financing renewable ... ( read original story ...)

FSC mulls establishment of pure digital banks

Taipei, Jan. 23 (CNA) The Financial Supervisory Commission (FSC) is studying the possibility of allowing the banking sector to open banks that operate exclusively online in a bid to strengthen financial technology in Taiwan, FSC Chairman Wellington Koo ... ( read original story ...)

Despite MOF hype, small investors not the winners of new tax code

Taipei, Jan. 19 (CNA) The Ministry of Finance (MOF) has pitched its new tax code as being beneficial to small investors because of the tax credit they will get on dividend income, but in fact big shareholders are likely to be the major beneficiaries of the ... ( read original story ...)

Cathay Financial-Nova Scotia deal still on — sources

IT has been just over seven months since Cathay Financial Holding Co, Taiwan’s largest financial group, agreed to acquire Bank of Nova Scotia Bhd (Scotiabank) for US$255 million last May, a move that would have made it the first Taiwanese group to own a ... ( read original story ...)

High Open Called For Taiwan Stock Market

For the day, the index jumped 79.28 points or 0.72 percent to finish at the daily high of 11,150.85 after moving as low as 11.095.85 on turnover of 133.51 billion Taiwan dollars. Among the actives, Cathay Financial collected 0.18 percent, while Fubon ... ( read original story ...)

AGC Biologics to Hold Technical Seminar in Taiwan

BOTHELL, Washington, Jan. 22, 2018 /PRNewswire/ -- AGC Biologics, a global leader in clinical and commercial manufacturing of therapeutic proteins, announced today the company will hold a technical seminar in Taipei City, Taiwan, exclusively focused on ... ( read original story ...)

Taiwan firms to face anti dumping tariffs in South Korea

The MOEA said the KTC has suggested that anti-dumping tariffs should be slapped on PET film makers, not only from Taiwan but also from Thailand and the United Arab Emirates (UAE) by South Korea’s Ministry of Strategy and Finance (MOSF). Firms from ... ( read original story ...)