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Taiwan’s new mobile helps to boost exports: MOEA

TAIPEI: The launch of new mobile devices is expected to boost the nation’s export orders this month following lower-than-expected demand in the first two months of this year, the Ministry of Economic Affairs (MOEA) said. Department of Statistics Director-General Lin Lee-jen said that international brands are preparing to unveil mobile gadgets and wearable devices that would benefit Taiwanese electronics exporters ... Read More »

Taiwan export orders drop by 2.7% to $29.89b in Feb

TAIPEI: The nation’s export orders dropped 2.7 percent year-on-year to US$29.89 billion last month due to fewer working days because of national holidays, and fell 23.4 percent from the previous month, the Ministry of Economic Affairs said here the other day. “The annual decline in export orders was worse than we expected,” Department of Statistics Director-General Lin Lee-jen  told a ... Read More »

Taiwan to reduce electricity price 7.34% on average

TAIPEI: The cost of electricity is set to decline an average of 7.34 percent, or NT$0.22 per kilowatt-hour (kWh), as rates are adjusted to reflect falling global crude oil prices, the Ministry of Economic Affairs said here the other day. Beginning next month, electricity rates for households will drop 7.55 percent on average, those for commercial users by an average ... Read More »

Taiwan Govt cuts down 7.34% electricity price due to falling global crude oil prices

TAIPEI: The Ministry of Economic Affairs cut down 7.34 percent or NT$0.22 (Kwh) electricity price due to the falling global crude oil prices. At the Beginning of next month, electricity rates for households will drop 7.55 percent on average, those for commercial users by an average of 7.36 percent and those for industrial users by an average of 7.31 percent, the ... Read More »

Taiwan’s Catcher earns record income NT$17.87 b in 2014

TAIPEI: Catcher Technology Co , which supplies metal casings for Apple Inc’s iPhone models, reported net income of NT$17.87 billion (US$568.47 million) for last year, or NT$23.52 per share, a record high for the company here the other day. The annual figure jumped 29.5 percent from the previous year’s NT$13.8 billion, Catcher said. The average gross margin last year also ... Read More »

Taiwanese export orders value drops 2.7% in February 2015

TAIPIE: Ministry of Economic Affairs stated that, The Foreign Businesses orders value placed by Taiwanese firms in January and February 2015 downed to 2.7 percent with an amount of $29.89billion.However, the aggregate value of foreign orders received by Taiwanese companies in the January-February period totaled US$68.93 billion, a 3.2 percent increase over the same period of last year. The value ... Read More »

Taiwan moves to build new port at Tai Ping with $100m revenue

TAIPEI: Taiwanese government to transport construction materials to a $100m new port building on the island of Tai Ping in the South China Sea. ZPMC a Chinese state owned company reported to have been charted for this purpose. The use of the vessel came about when it became apparent that no shipping company in Taiwan could provide sufficient capacity to ... Read More »

Taiwan’s economy grows 3.74% in 2014: Vice President

TAIPEI: Taiwan’s economy grew 3.74 percent in 2014, recording the highest growth among the four Asian tigers, which include South Korea, Hong Kong and Singapore, said the vice president Taiwan’s Vice President Wu Den-yih. He further stated that the Production value of the chain and franchising business in Taiwan has now surpassed NT$1 trillion (US$31.55 billion) per annum after years ... Read More »

Thailand’s customs officials find 182 tonnes Snowfish from Kunlun ship cargo

BANGKOK: Port of Phuket’s customs officials stated that they have captured, a Kunlun ship recently entered in Phuket’s waters, which declared its cargo to be 182 tones of sea bass. Inspection showed that they were lying, because cargo was full of 182tonnes of Snowfish. After investigation customs authority found sufficient discrepancies in the paperwork of an alleged poaching ship to ... Read More »

Taiwan top foundries Q1 revenue to drop slightly by 1.5%

TAIPEI: Combined revenue at Taiwan’s top three integrated circuit (IC) foundries will fall slightly in the first quarter of 2015 due to inventory adjustments by major clients, according to research firm Digitimes Research. It is estimated that combined revenue at Taiwan Semiconductor Manufacturing Company (TSMC), United Microelectronics Corp. (UMC) and Vanguard International Semiconductor Corp. (VIS) will reach US$8.49 billion in ... Read More »

Taiwan exports fall in Feb, but cheaper imports may help economy

TAIPEI: Taiwan’s exports fell more than expected last month as the Lunar New Year holiday shortened the number of working days at factories and weaker commodity prices hit trade. However, modest gains in exports of electronic goods, improving demand from key markets and the falling cost of imports are likely to support growth for the domestic economy. The island’s exports ... Read More »

Taiwan’s Kaohsiung Harbor cargo throughput increases by 6.6%

TAIPEI: Southern Taiwan’s Kaohsiung Harbor set a new record of cargo throughput by registering 6.6 percent growth. The NDC cited statistics compiled by the Ministry of Transportation and Commission as saying that cargo throughput of Kaohsiung Harbor totaled 10.59 million twenty-foot equivalent units (TEUs). National Development Council (NDC) declared that it ranked as world’s 13th largest port in terms of ... Read More »

Taiwan’s tax revenue decreases by 16.3% year-on-year to NT$57.1 billion

TAIPEI: Ministry of Finance released a report that tax revenue of February fell 16.3 percent year-on-year to NT$57.1 billion. Revenue remained lower in securities transactions, sales and land taxes. According to Finance Ministry the annual decrease is due partly to fewer working days, as Chinese New Year fell this year in mid-February. Statistics Department Deputy Director Hsu Ray-lin stated in ... Read More »

Taiwan stocks hit 7yrs high, TAIEX gains 9,708.71pts

TAIPEI: Taiwan stocks rose 0.6 per cent to a more than seven-year high and the local currency gained sharply on Thursday on expectations of a later start and a slower pace for US rate rises following the Federal Reserve’s policy meeting. As of 0130 GMT, the main TAIEX index had climbed to 9,708.71 points, joining other regional bourses that rallied. ... Read More »

Expat workers eligible for tax refunds in Taiwan: NTBT

TAIPEI: The National Taxation Bureau of Taipei (NTBT) has said that refunds are available to foreigners who undertake working holidays in Taiwan and stay for 183 days or more. The NTBT has provided new guidance because it became aware, after telephone inquiries from Australian and Japanese taxpayers, that there have been rumors that those staying in Taiwan for working holidays ... Read More »

Taiwan’s Nanya to invest $1.27b in upgrades

TAIPEI: Nanya Technology Corp , the world’s fourth-largest DRAM chipmaker, said its board has approved a spending plan that would see NT$40 billion (US$1.27 billion) invested over the next two to three years in upgrades to manufacturing facilities that would allow it to produce 20-nanometer (nm) DRAM chips. That would make Nanya Technology the world’s fourth chipmaker capable of supplying ... Read More »

Taiwan’s Chang Hwa bank posts NT$12.45b pre-tax income in 2014

TAIPEI: State-run Chang Hwa Commercial Bank Ltd aims to build on the record-high profit it posted last year by increasing this year’s earnings through organic growth driven by corporate lending and overseas operations, Chairman Chang Ming-daw said here the other day. Chang Hwa Bank, in which Taishing Financial Holding Co and the Ministry of Finance are the two largest shareholders, ... Read More »

Taiwan banks’ offshore profits fall by NT$2.8b

TAIPEI: Banks incorporated in Taiwan saw profits in their offshore banking units (OBU) fall year-on-year in January, while earnings in their domestic banking units (DBU) were up for the same month, the Financial Supervisory Commission said on Saturday. The commission said the OBUs of the 39 banks registered in the country posted NT$6.99 billion (US$221.16 million) in pretax profit in ... Read More »

NT$30.2 billion earning in 2014: Taiwan’s Mega eyes to buy insurance firms

TAIPEI: Mega Financial Holding Co, the nation’s most profitable state-run financial services provider, is eyeing medium-sized life insurance companies and retail-focused banks as it seeks to grow into a regional powerhouse. “Mega Financial Holding aims to increase its earnings this year after achieving a record profit last year,” chairman Mckinney Tsai told a news conference at its Taipei headquarters here ... Read More »

Taiwan plans to impose duty on online purchase goods

TAIPEI: Taiwan’s tax authorities plan to levy a duty on imported goods purchased online even if their value is under NT$3,000 (US$95), sources said here the other day. The amendment to this regulation is believed to be aimed at imposing taxes to goods bought online and sent to Taiwan by Taobao, China’s leading online shopping platform. Taiwanese buyers who may ... Read More »