Business

Taiwan Targets All 27 EU Nations as Mango Exports Surge

Taipei: Taiwan’s mango exports are projected to rise significantly, with expectations to increase by 2.5 to 2.6 times year-on-year by 2026, as the government plans to expand sales to all 27 European Union member states, Agriculture Minister Chen Junne…

U.S. Dollar Closes Sharply Higher on Taipei Forex

Taipei: The U.S. dollar rose sharply against the Taiwan dollar Wednesday, gaining NT$0.126 to close at NT$31.751.

According to Focus Taiwan, turnover totaled US$3.372 billion during the trading session. The greenback opened at the day’s low of NT$31…

FSC Closely Monitors Growing Personal Loans Amid Equity Boom

Taipei: The Financial Supervisory Commission (FSC), Taiwan’s top financial regulator, is closely watching expanding personal credit as more retail investors borrow money to invest in the stock market and tap the current equity boom. Speaking with repo…

Taiwan Shares Close Down 2.24%

Taipei: Taiwan shares ended down 1,057.05 points, or 2.24 percent, at 46,043.6 Wednesday on turnover of NT$1.45 trillion (US$45.44 billion).

According to Focus Taiwan, the market experienced a significant drop, reflecting a broader trend in market se…

CUB Founder Assaults Bank Chairman Over ‘Misunderstanding’

Taipei: Following reports of a physical altercation between Cathay United Bank (CUB) founder Tsai Chen-yu and bank Chairman Kuo Ming-jian, the bank on Wednesday attributed the incident to a “misunderstanding” about Kuo’s multiple positions outside the…