Business

Taiwan’s Inflation Reaches 17-Month Peak in June

Taipei: Taiwan’s inflation hit the highest level for 17 months in June largely on a spike in fuel and food prices, the Directorate General of Budget, Accounting and Statistics (DGBAS) said Tuesday. Data compiled by the DGBAS showed the country’s consu…

Chunghwa Post Suspends IOSS Parcel Delivery to EU Nations

Taipei: Chunghwa Post Co. suspended services on July 1 for online sellers using the Import One-Stop Shop (IOSS) system to ship goods valued at pound 150 (US$171) or less to European Union nations, following a change in EU tariff rules, the company sai…

CPC to Implement Third Straight Weekly Reduction in Fuel Prices

Taipei: State-run oil supplier CPC Corp., Taiwan announced Saturday that it will cut domestic gasoline and diesel prices by NT$0.6 (US$0.02) and NT$0.7 per liter, respectively, in response to a fall in international crude oil prices. It marked the thi…

H and M to Close Ximending Flagship Store at End of 2026

Taipei: Swedish fast-fashion retailer H and M confirmed Friday that its flagship store in Taipei’s Ximending shopping district, its largest outlet in Taiwan, will close at the end of 2026 when its lease expires. H and M told CNA that the decision was …

Taiwan Shares Inch Up by 0.08%

Taipei: Taiwan shares ended up 36.46 points, or 0.08 percent, at 46,780.62 Friday on turnover of NT$1.02 trillion (US$31.82 billion).

According to Focus Taiwan, the moderate increase was driven by various market factors. The trading session closed w…