Business

Fair Trade Commission Approves Uber’s Acquisition of Crown Taxi

Taipei: The Fair Trade Commission on Wednesday approved the acquisition of Taiwanese taxi company Crown Taxi by the Taiwan subsidiary of U.S.-based Uber Technologies, Inc. The commission confirmed that the two companies had previously been in a partne…

Taiwan Shares Slip as TSMC Retreats from Record High

Taipei: Shares in Taiwan closed lower Wednesday as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) pulled back on profit taking after hitting a record closing level a session earlier, dealers said. The Taiex, the Taiwan Stock Exchange…

Nan Shan Life’s Colombia Exposure Tops NT$62.9 Billion: FSC

Taipei: Nan Shan Life Insurance Co.’s exposure to Colombia reached NT$62.91 billion (US$2 billion), Financial Supervisory Commission (FSC) Chairman Peng Jin-long said Wednesday, as geopolitical tensions in Latin America drew legislative scrutiny.

Ac…

Taiwan Shares Open Lower on Tuesday

Taipei: The Taiwan Stock Exchange’s main index saw a decrease as trading began, opening down by 171.39 points at 29,933.65. The turnover was reported to be NT$14.06 billion, equivalent to US$440 million.

According to Focus Taiwan, this opening marke…

Louisa Coffee Announces 5% Increase in Menu Prices

Taipei: Taiwanese coffeehouse chain Louisa Coffee will implement a price increase on approximately 90 menu items by an average of 5 percent starting Tuesday, the company’s management announced.

According to Focus Taiwan, the decision to raise prices…