Taipei: Taiwan’s men’s national basketball team suffered a heartbreaking loss on Wednesday, ending its FIBA Asia Cup run after Iran staged a dramatic comeback to secure a 78-75 victory in the quarterfinals at King Abdullah Sports City in Saudi Arabia. The national squad, competing under the name Chinese Taipei, led

Taipei: The Taiwan Stock Exchange’s main index experienced a decline as trading commenced, opening down by 111.52 points at 24,258.5. The initial turnover was recorded at NT$8.15 billion, equivalent to approximately US$272 million. According to Focus Taiwan, the drop in the index reflects a cautious atmosphere among investors as trading

Taipei: The U.S. dollar was traded at NT$29.917 at 10 a.m. Thursday on the Taipei Foreign Exchange, reflecting a decrease of NT$0.043 from the previous close. According to Focus Taiwan, this development in the foreign exchange market indicates a slight weakening of the U.S. dollar against the New Taiwan dollar.

Taipei: Taiwan’s Foreign Minister Lin Chia-lung on Thursday confirmed that he visited Japan last month, adding that China’s “backlash” over the trip will not affect the cordial relations between Taipei and Tokyo. It was the first time Lin had publicly acknowledged the reported trip. While this was not the first

Taipei: The Central Weather Administration (CWA) lifted all sea and land warnings for Typhoon Podul on Thursday after it weakened to a tropical storm and moved inland over China, but some parts of Taiwan may still see heavy rain. According to Focus Taiwan, as of 8 a.m., Podul was about

Taipei: The Formosa Plastics Group (FPG), one of Taiwan’s largest conglomerates, has announced a decision to increase employee wages by 2 percent, effective retroactively from July 1. This decision comes despite the company’s major entities experiencing significant financial losses in the first half of the year. According to Focus Taiwan,