Business

O’Pay First E-Payment Platform Approved for Overseas Remittances

Taipei: O’Pay has become Taiwan’s first electronic payment platform approved to provide overseas small-value remittance services, including transfers for migrant workers, the Financial Supervisory Commission (FSC) said Thursday. The company, which has…

Taiex Suffers Biggest Single-Day Point Drop in History

Taipei: Taiwan’s benchmark stock index experienced an unprecedented plunge as it dropped 2,953.71 points on Friday, marking the largest single-day point decline in its history. The sell-off, primarily driven by a downturn in artificial intelligence-re…

Taiwan Shares Close Down Marginally

Taipei: Taiwan shares ended down 6.61 points, or 0.01 percent, at 45,624.98 Thursday on turnover of NT$900.84 billion (US$27.98 billion).

According to Focus Taiwan, the slight decline in Taiwan’s stock market reflects a marginal adjustment in inves…

Taiex Sees Minimal Change as TSMC Rebound Offsets Market Losses

Taipei: Shares in Taiwan closed little changed Thursday after contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) rebounded from the day’s low amid continued enthusiasm over artificial intelligence (AI), helping the broader market recover…

TSMC Announces Additional $100 Billion Investment in Arizona

Taiwan: Taiwan Semiconductor Manufacturing Co. (TSMC) Chairman C.C. Wei announced Thursday that the chipmaker will invest an additional $100 billion to expand its advanced chipmaking and packaging capacity in Arizona.

According to Focus Taiwan, this…