Business

U.S. Dollar Rises Against Taiwan Dollar on Taipei Forex Market

Taipei:The U.S. dollar saw a significant increase against the Taiwan dollar on Monday, rising NT$0.107 to close at NT$32.445.

According to Focus Taiwan, the turnover for the trading session reached US$2.831 billion. The greenback started the day at …

Tech Stocks’ Late Rally Limits Losses on Taiwan Exchange

Accra:Shares on Taiwan’s stock exchange closed lower on Monday, though the decline was curbed by a late rally in major technology stocks, including Taiwan Semiconductor Manufacturing Co. (TSMC).

According to Focus Taiwan, the Taiex, Taiwan’s benchma…

Hon Hai to Acquire 50% Stake in Mitsubishi Electric Mobility

Taipei:Hon Hai Precision Industry Co., a major Taiwan-based manufacturing company, has announced an agreement to acquire a 50 percent stake in Mitsubishi Electric Mobility Co. from Mitsubishi Electric Corp. This move is aimed at establishing a partner…

CPC Maintains Fuel Prices Despite Global Oil Market Fluctuations

Taipei:State-owned oil supplier CPC Corp., Taiwan, announced on Saturday that it will maintain domestic gasoline and diesel prices unchanged for the upcoming week. This decision aims to alleviate inflationary pressures despite persistently high intern…

Taiwan’s Economic Growth in 2026 Predicted to Reach 39-Year High

Taipei:Taiwan’s economy is expected to experience its fastest growth in 39 years in 2026, driven by robust domestic demand and exports, as projected by the Chung-Hua Institution for Economic Research (CIER).

According to Focus Taiwan, the think tank…