Taipei: The U.S. dollar was traded at NT$31.411 at 10 a.m. Wednesday on the Taipei Foreign Exchange, marking a decrease of NT$0.024 from the previous close. According to Focus Taiwan, this decrease in the U.S. dollar’s value is indicative of recent trends in foreign exchange markets. Market participants have been
Taipei: Criminal investigators searched 11 sites and questioned 13 people on Tuesday over allegations state-run oil company CPC Corp., Taiwan inflated construction budgets for its Third LNG Terminal project in Taoyuan, the Taipei District Prosecutors Office said Wednesday. The office said it directed the Agency Against Corruption’s Northern Investigation Office
Washington: United States President Donald Trump has signed into law the Taiwan Assurance Implementation Act, which mandates the State Department to regularly review and update guidelines governing official U.S. interactions with Taiwan. According to Focus Taiwan, the new law, signed by Trump on Tuesday (U.S. time), serves as an amendment
Taipei: A Taiwan-issued stablecoin may enter the market in the latter half of 2026 at the earliest based on the current timeline for passing related legislation, Financial Supervisory Commission (FSC) Chairman Peng Jin-long said Wednesday. According to Focus Taiwan, at a legislative hearing, Peng explained that the stablecoin’s proposed legal
Taipei: China’s latest package of 12 measures aimed at advancing cross-Taiwan Strait “integration” will have little effect in attracting Taiwanese investment, Taiwan’s Mainland Affairs Council (MAC) predicted Tuesday. The MAC was responding to a report by China’s state-run Xinhua News Agency that the Fujian provincial government announced new measures to
Taipei: Taiwan shares ended up 228.77 points, or 0.83 percent, at 27,793.04 Wednesday on turnover of NT$439.698 billion (US$14.04 billion). According to Focus Taiwan, the trading session saw a significant rise in the share index, reflecting positive investor sentiment in the market. The increase in points marked a notable performance
