Taipei, June 30 (CNA) Three to five typhoons will hit Taiwan this year, the Central Weather Bureau (CWB) forecasted Tuesday, while reminding people to always be prepared during the typhoon season from July to September. The bureau also predicted that 24 to 27 tropical storms and typhoons may form over the northwestern Pacific Ocean this [...]

People interested in seeing rare images of Taiwan in the 1950s, 1960s and 1970s can visit the exhibition of director Lee Hsing’s (李行) films at the Chinese Taipei Film Archive (CTFA) beginning next month. The 80-year-old Lee directed many award-winning films between the 1950s and 1980s, including Oyster Girl (蚵女), Beautiful Duckling (養鴨人家), He Never [...]

Taipei, June 29 (CNA) The Central Taiwan Science Park and Spain’s Murcia Science Park inked a letter of intent of cooperation Monday. Central Taiwan Science Park Administration Director-General Yang Wen-ke and Murcia Science Park Foundation Executive Director Francisco Vidal signed the pact and pledged to increase cooperation to promote scientific progress and industrial competitiveness. Yang [...]

On June 11 the EasyCard Corp. and President Chain Store Corp. announced an alliance for the joint issuance of the icash-EasyCard, which promises to become a highly popular e-wallet for small daily purchases in Taiwan much as the Octopus Card is in Hong Kong. The new card will combine the functions of the EasyCard and [...]

In conformity with the newly revised Real Estate Securitization Act, the Financial Supervisory Commission (FSC) is drafting guidelines for real estate securitization funds to invest in real estate development and expand their size via cash injection. This is expected to stimulate the development of the local real estate securitization market. Lin Tung-liang, deputy director of [...]

Companies with public offering can make cash-dividend payout from their retained earnings and legal reserves, so long as they are not in the red, according to the revised Company Law, scheduled to be passed by the Executive Yuan (the Cabinet) this Thursday. In order to assure the health of corporate finance, companies can only utilize [...]

Chairman M.J. Cai of MediaTek Inc., currently Taiwan’s No.1 fabless house, recently said he expects the company’s revenue for the fourth quarter to rise from the third quarter this year although past records show the company’s fourth quarter revenue usually declines after the third quarter peak season. Cai said although his company’s business prospects remain [...]

Taiwan’s manufacturers and traders received orders totaling US$25.17 billion in May of this year, up by US$100 million from a month earlier, according to the Ministry of Economic Affairs (MOEA).Compared to the same month of last year, the order value tumbled by US$6.3 billion or 20.14%. In January of this year the export orders stood [...]

Taipei, June 29 (CNA) The focus of Taiwan’s homeland development will be adjusted after a number of the country’s regional governments were formally upgraded to municipalities Monday, with more balanced growth the main objective. Jiang Yi-huah, minister of the Research, Development and Evaluation Commission, said the government’s local development plan will now concentrate on the [...]

Taipei, June 29 (CNA) President Ma Ying-jeou departed Taipei Monday on a visit to two of Taiwan’s diplomatic allies in Central America in an effort to cement mutual friendship and expand cooperation in various fields. The June 29-July 6 journey is taking Ma to Panama and Nicaragua, with a transit stop in San Francisco en [...]