U.K. language school CES opens its first overseas branch in Taiwan

Taipei, April 30 (CNA) Britain’s private English-learning school Center of English Studies (CES) on Thursday opened its first branch outside England and Ireland in Taipei, aiming to help Taiwanese students improve their English skills so they can get into schools abroad. [...]

TSMC expects less market decline than previously thought

Taiwan Semiconductor Manufacturing Co. (TSMC) Vice Chairman F.C. Tseng recently said his company had cut its recession forecast for the global chip-making market to an annual rate of 20% this year from 30% as previously thought based on data from its customers. Tseng credits the recent demand surge in China triggered by government stimulus package [...]

China’s QDIIs allowed to invest in Taiwan stock market

China’s qualified domestic institutional investors (QDIIs) will be able to invest in the local stock market from next Monday (May 4), following the publication of the “measures governing investments by mainland Chinese investors in Taiwan`s securities and futures” by the Financial Supervisory Commission (FSC) on Thursday. The measures allow China`s QDIIs to hold up to [...]

Asustek to hand out NT$2.02 in dividends per share

Asustek Computer Inc., one of Taiwan’s leading manufacturers of laptop computers, recently announced the firm would hand out NT$2.02 (US$0.059 in US$1:NT$34) in dividends per share, including NT$2 cash and NT$0.02 stocks.Due to the impact of the global recession, Asustek saw net income reach NT$3.8 (US$0.11) per share last year, the worst earnings performance since [...]

Acer’s Wang optimistic about global electronics industry Prospects

Chairman J.T. Wang of Acer Inc. recently forecast electronics industry to grow better in the first quarter than the second quarter, as well as in the second half than the first half.Wang based his optimistic forecast on his belief that the consumer panic triggered by the global economic recession would be gone in the second [...]

Money supply may see ‘golden cross’ in April

The annual growth of Taiwan’s two major money supply indicators-M2 and M1B-stood at 6.39% and 5.44%, respectively in March, and the gap between the two narrowed to less than one percentage point, very likely to form a “golden cross” in April when the growth of the latter may exceed that of the former, according to [...]

Government pledges support for renewable energy

President Ma Ying-jeou has promised to push for the passage of a renewable energy development bill during the current session of the Legislative Yuan, which wraps up at the end of June. The proposed law would provide an environment conducive to the establishment of a viable renewable energy industry on the island. It would also [...]

Share prices post biggest single-day gains on Taipei bourse

Taipei, April 30 (CNA) Taiwan’s share prices surged 6.74 percent Thursday, marking the biggest single-day rise this year and the eighth biggest ever, on optimism that the new government will soon announce measures to boost investment and relax controls on economic links with China, [...]

Foreign exchange rates

Taipei, April. 30 (CNA) The exchange rates for major foreign currencies quoted in New Taiwan dollars by Chang Hwa Bank Thursday [...]

U.S. dollar down in early Taipei trading

Taipei, April 30 (CNA) The U.S. dollar was traded at NT$33.290 at 9:45 a.m. Thursday on the Taipei Foreign Exchange, down NT$0.368 from Wednesday’s close. (By Y.F. Low)

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