Business

FTC Awaits Documents for Grab’s US$600M Foodpanda Acquisition

Taipei: Singapore-based ride-hailing and delivery giant Grab Holdings planned acquisition of foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, Taiwan’s Fair Trade Commission (FTC) said…

Taiwan Stock Market Closes Lower by 0.43%

Taipei: Taiwan shares ended down 164.32 points, or 0.43 percent, at 37,714.15 Thursday on turnover of NT$1.4 trillion (US$44.37 billion).

According to Focus Taiwan, the Taiwanese stock market experienced a decline, closing the session with a decreas…

TSMC Unveils A13 Process at North American Forum

Santa clara: Taiwan Semiconductor Manufacturing Co. (TSMC) on Wednesday unveiled its next-generation A13 process at its North America Technology Symposium in California, saying that it was targeting volume production in 2029. The new A13 process is ai…

Taiwan Now Sourcing 60% of Crude Oil from U.S.: Minister

Taipei: Taiwan has significantly increased its reliance on the United States for crude oil imports, which now account for about 60 percent of total supply, Economic Affairs Minister Kung Ming-hsin said Wednesday. The shift marks a sharp rise from prev…

NT$1.35 Billion February Super Lotto Jackpot Remains Unclaimed

Hsinchu city: The two winning tickets for a Super Lotto jackpot, worth NT$1.35 billion (US$42.86 million) drawn in February, have not been redeemed, Taiwan Lottery Co. said Wednesday, urging the winners to claim their prizes by May 12.

According to …

Taiwan Shares Hit New High Amid Middle East Tensions

Taipei: Shares in Taiwan closed at a fresh high on Wednesday, despite uncertainties arising from military conflicts in the Middle East, as strong buying in the electronics sector continued in response to robust global demand, dealers said. The Taiex, …