Business

Taiwan Shares Close Up 0.73% as Market Sees Gains

Taipei: Taiwan shares ended up 273.36 points, or 0.73 percent, at 37,878.47 Wednesday on turnover of NT$946.03 billion (US$29.77 billion).

According to Focus Taiwan, the stock market in Taiwan experienced an uplift as it closed higher on Wednesday. …

Google Secures Approval for NT$27 Billion Investment in Taiwan

Taipei: The Ministry of Economic Affairs has approved two applications from U.S.-based tech giant Google to invest an additional NT$27 billion (US$857 million) in Taiwan to expand its data processing and semiconductor-related businesses.

According …

Taiwan Now Sourcing 60% of Crude Oil from U.S.: Minister

Taipei: Taiwan has significantly increased its reliance on the United States for crude oil imports, which now account for about 60 percent of total supply, Economic Affairs Minister Kung Ming-hsin said Wednesday. The shift marks a sharp rise from prev…

Taiwan Airlines to Increase Cargo Fuel Surcharges in May

Taipei: Taiwan’s major airlines are set to increase their cargo fuel surcharges starting in May, with rates for shipments to key destinations such as the United States, Europe, and Asia expected to nearly double due to rising oil prices. China Airline…

Taiwan Shares Close Up 1.75% on Strong Turnover

Taipei: Taiwan shares ended up 646.31 points, or 1.75 percent, at 37,605.11 Tuesday on turnover of NT$981.53 billion (US$30.92 billion).

According to Focus Taiwan, the market experienced a notable increase as investors engaged in significant trading…