Business

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…

UBS Raises Taiwan’s GDP Growth Forecast to 9.9% for 2026

Taipei: Switzerland-based banking group UBS has raised its forecast for Taiwan’s 2026 gross domestic product (GDP) growth to 9.9 percent, up from an earlier estimate of 8 percent made in April.

According to Focus Taiwan, William Deng, a UBS senior e…

Taiwan Game Software Revenue Surges by 48.7% in Five Years

Taipei: Taiwan’s game software industry generated NT$71 billion (US$2.24 billion) in revenue in 2025, marking a 48.7 percent increase from five years earlier. This growth has been driven by the rising demand for digital entertainment and the stay-at-h…

Confidence in Economy Improves Amid AI Boom: Poll

Taipei: Confidence in the local economy improved in June as Taiwan’s export-oriented economy continued to benefit from the global AI boom, a survey released by Cathay Financial Holding Co. showed Monday.

According to Focus Taiwan, Cathay Financial, …

Taiwan Shares Close Up 2.75%

Taipei: Taiwan shares ended up 1,276.31 points, or 2.75 percent, at 47,741.51 Monday on turnover of NT$1.44 trillion (US$45.20 billion).

According to Focus Taiwan, the stock market in Taiwan saw a significant increase, closing with a substantial gai…