Pingtung county: Thunder Tiger Group, a Taiwanese drone manufacturer, announced it simultaneously operated six SeaShark unmanned surface vessels (USV) from a single control station during a sea trial late last month, marking a significant milestone in Taiwan’s unmanned vessel development. According to Focus Taiwan, the Taichung-based company revealed in a
Taipei: Taiwan shares closed nearly 300 points lower Monday as concerns over overstretched AI valuations triggered heavy selling in the bellwether electronics sector, pulling the broader market into negative territory. The Taiex, the Taiwan Stock Exchange’s benchmark index, ended down 283.95 points, or 1.03 percent, at the day’s low of
Taipei: Taiwan’s excess savings are predicted to reach a record NT$5.424 trillion (US$172.55 billion) in 2025, driven by economic growth fueled by artificial intelligence (AI) business opportunities, as reported by the Directorate-General of Budget, Accounting and Statistics (DGBAS). According to Focus Taiwan, excess savings represent the difference between a country’s
Taipei: The Taiwan Stock Exchange’s main index began the week on a positive note, opening up 47.68 points at 27,674.16. The initial turnover reached NT$7.58 billion (US$241.4 million). According to Focus Taiwan, this opening indicates a positive momentum in the market as traders and investors engage actively. The increase in
Taipei: The U.S. dollar was traded at NT$31.420 at 10 a.m. Monday on the Taipei Foreign Exchange, marking an increase of NT$0.012 from the previous close. According to Focus Taiwan, this upward movement in the U.S. dollar’s value comes amidst ongoing market fluctuations. The trading session saw the currency gaining
Keelung: Keelung’s Environmental Protection Bureau (EPB) on Monday fined state-run Taiwan Water Corp. (TWC) NT$500,000 (US$15,905) over an oil spill that contaminated the water supply to over 150,000 households. The city bureau said the fine was imposed under the Drinking Water Management Act for a serious violation that endangered public
