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Taiwan iron ore imports declined 6%

TAIPEI: The trade statistics released by the Taiwan’s Directorate General of Customs for the month of October 2015 indicates sharp fall in iron ore imports by the country. Taiwan’s iron ore imports during the month totaled 1.959 Million tonnes, down by 6% when compared with the imports during the same month a year ago. The import prices averaged at $61.6 ... Read More »

Bad loans of Taiwanese banks to hit NT$365 million in Nov

TAIPEI: The latest statistics compiled by the Financial Supervisory Commission showed a slight uptick in non-performing loans (NPL) made by Taiwanese banks in China, with total bad debts amounting to NT$365 million (US$11.04 million) as of the end of November last year. The commission’s data, released on Thursday, showed that the Bank of Taiwan added bad debts of NT$36 million ... Read More »

Taiwan exports fall 10% in 2015

TAIPEI: Exports were likely to have fallen last month for the 11th consecutive month and could post a 10 percent decline for last year as a whole, dragged by the global slowdown, Minister of Finance Chang Sheng-ford said yesterday. Exports for last month could register another double-digit fall, Chang said when asked to give a preview of export data for ... Read More »

Agricultural Bank of Taiwan to maintains farm exports

TAIPEI: Agricultural Bank of Taiwan (ABT), the only financial institution in the country dedicated to serving Taiwan’s farm sector, set up an international banking department recently to help local farmers sell their products overseas. At the department’s opening ceremony, ABT Chairman Chen Chao-hui said the local agricultural sector needs more financial support at a time when many farmers are seeking ... Read More »

Taiwan iron ore imports down 6%: Customs data  

TAIPEI: The trade statistics released by the Taiwan’s Directorate General of Customs for the month of October 2015 indicates sharp fall in iron ore imports by the country. Taiwan’s iron ore imports during the month totaled 1.959 Million tonnes, down by 6% when compared with the imports during the same month a year ago. The import prices averaged at $61.6 ... Read More »

Taiwan investors suffer average loss of NT$250,000

TAIPEI: Equity investors in Taiwan suffered average losses of about NT$250,000 (US$7,560) last year, as the benchmark index fell more than 10 percent, market statistics showed on Thursday. The TAIEX closed 0.7 percent higher at 8,338.06 points on Thursday, the last trading day of the year. However, the index dropped 10.41 percent, or 969.20 points, for the year, the steepest ... Read More »

Gintech profit to hit $4.9m

TAIPEI: Taiwanese solar cell maker Gintech Energy Corp yesterday said it made NT$162 million (US$4.9 million) in net profit for November after swimming back to profits of NT$139 million in the third quarter. That represents earnings per share of NT$0.36. Gintech lost NT$696 million in the third quarter of last year, according to a company statement submitted to the Taiwan ... Read More »

Taiwan OBUs’ assets fall 1.7% to $187bn in Nov

TAIPEI: The 62 offshore banking units (OBUs) of banks operating in Taiwan posted total assets of US$187.01 billion in November, down US$3.159 billion, or 1.7 percent, from the previous month, the central bank said in a statement on its Web site. Among them, US$160.2 billion in assets were held by the OBUs of 37 Taiwanese banks, and US$26.807 billion in ... Read More »

Taiwan iron ore imports fall 6% in Oct

TAIPEI: The trade statistics released by the Taiwan’s Directorate General of Customs for the month of October 2015 indicates sharp fall in iron ore imports by the country. Taiwan’s iron ore imports during the month totaled 1.959 Million tonnes, down by 6% when compared with the imports during the same month a year ago. The import prices averaged at $61.6 ... Read More »

Taiwan iron ore imports declines 6% in 2015

TAIPEI: The trade statistics released by the Taiwan’s Directorate General of Customs for the month of October 2015 indicates sharp fall in iron ore imports by the country. Taiwan’s iron ore imports during the month totaled 1.959 Million tonnes, down by 6% when compared with the imports during the same month a year ago. The import prices averaged at $61.6 ... Read More »

TIER manufacturing indicator points to further contraction

TAIPEI: The manufacturing sector continued to flash “blue” last month, indicating a contraction at a time when the local economy remains in the doldrums, the Taiwan Institute of Economic Research (TIER) said yesterday. It was the eighth consecutive month in which the TIER-compiled composite index for the local manufacturing sector was “blue,” although the index showed signs of recovery. Last ... Read More »

Taiwan iron ore imports decline by 6% from 2014

BEIJING: The trade statistics released by the Taiwan’s Directorate General of Customs for the month of October 2015 indicates sharp fall in iron ore imports by the country. Taiwan’s iron ore imports during the month totaled 1.959 Million tonnes, down by 6% when compared with the imports during the same month a year ago. The import prices averaged at $61.6 ... Read More »

Taiwan agricultural bank to support farm exports

TAIPEI: Agricultural Bank of Taiwan (ABT), the only financial institution in the country dedicated to serving Taiwan’s farm sector, set up an international banking department Tuesday to help local farmers sell their products overseas. At the department’s opening ceremony, ABT Chairman Chen Chao-hui (陳朝輝) said the local agricultural sector needs more financial support at a time when many farmers are ... Read More »

Taiwan home loans up 3.2% to $182bn

TAIPEI: Taiwan’s home loans totaled NT$6.0277 trillion (US$182.6 billion) at the end of last month, up 3.2 percent year-on-year and 0.09 percent month-on-month, the central bank said on Friday. Renewed buying activity on the part of home buyers by the end of the year and ahead of a new housing policy next year accounted for the increase, the bank said. ... Read More »

Taiwan collects $378m tax reveneu since 2011

TAIPEI: A total of NT$12.5 billion (US$378.73 million) in tax revenue has been collected from land and housing transactions through the luxury tax since it was introduced in 2011, government statistics released yesterday showed. Over the past five years, 2013 and last year saw higher luxury tax revenue, with NT$3.6 billion and NT$3.18 billion respectively collected in tax revenue from ... Read More »

Customs seizes $74,925 from returning Taiwanese man

TAIPEI: A Taiwanese businessman who was trying to bring 9 million Japanese yen (US$74,925) into Taiwan lost about two thirds of it Wednesday after he failed to declare the cash and Customs officers confiscated 6.6 million yen of it. The Taiwanese man, identified by his surname Lin, told Customs officers on arrival at Taiwan Taoyuan International Airport Wednesday that the ... Read More »

Taipei Customs seizes 6.6m yen cash from businessman

TAIPEI: A Taiwanese businessman who was trying to bring 9 million Japanese yen (US$74,925) into Taiwan lost about two thirds of it Wednesday after he failed to declare the cash and Customs officers confiscated 6.6 million yen of it. The Taiwanese man, identified by his surname Lin, told Customs officers on arrival at Taiwan Taoyuan International Airport Wednesday that the ... Read More »

Taiwan ten-year bond yield drops below 1%

TAIPEI: The nation’s benchmark 10-year sovereign bond yield fell below 1 percent for the first time ever after the government said it would reduce the amount of debt issued next quarter. The Ministry of Finance plans five bond sales to raise NT$155 billion (US$4.7 billion) in the first quarter of next year, according to a statement posted on its Web ... Read More »

Taiwan unemployment rate up 0.01% to 3.91% in Nov

TAIPEI: The unemployment rate stood at 3.91 percent last month, up 0.01 percentage points from a month earlier, government statistics showed yesterday. The Directorate-General of Budget, Accounting and Statistics (DGBAS) said the month-on-month increase in last month’s jobless rate largely reflected a slowdown in the economy, which prompted many enterprises in the manufacturing sector to cut working hours. The unemployment ... Read More »

Taiwan export drops by 4.2% to $40.76bn in Nov

TAIPEI: The nation’s export orders declined at a faster-than-expected rate last month, due mainly to weak international notebook computer demand and a continued semiconductor inventory correction, the Ministry of Economic Affairs said yesterday. Export orders dropped 6.3 percent annually and 4.2 percent monthly to US$40.76 billion last month, ministry data showed. The monthly result marks the eighth consecutive month of ... Read More »