Business

Taiwan Shares Close High Despite Decreased Turnover Pre-Holiday

Taipei:Shares in Taiwan reached a new high on Wednesday, despite a drop in turnover as some investors remained cautious ahead of the long Mid-Autumn Festival weekend.

According to Focus Taiwan, the Taiex, Taiwan Stock Exchange’s benchmark index, rose…

U.S. Dollar Declines in Taipei Exchange

Taipei:The U.S. dollar was traded at NT$31.689 at 10 a.m. Wednesday on the Taipei Foreign Exchange, marking a decrease of NT$0.019 from the previous close.

According to Focus Taiwan, the currency experienced this dip during the morning trading sessi…

CPC Announces Steady Fuel Prices Amid Rising Crude Costs

Taipei: State-owned oil supplier CPC Corp., Taiwan, announced Saturday that it will leave its domestic gasoline and diesel prices unchanged next week despite higher crude oil purchasing costs.

According to Focus Taiwan, CPC Corp. stated it will reco…

AI-Driven Inflation Manageable: Central Bank

Taipei: Inflationary pressure driven by artificial intelligence (AI) remains manageable in Taiwan, the central bank said Thursday, adding that wider adoption of AI is expected to boost productivity and eventually help ease inflationary pressure.

Acco…

Taiwan Freezes Electricity Rates to Support Economy

Taipei: Electricity rates in Taiwan will remain unchanged from October, the Ministry of Economic Affairs (MOEA) announced Friday following a review, citing the need to stabilize prices and support industrial development. The ministry decided to keep t…