Governance

Gun Failure Ruled Out in Army Shooting Incident: Officer

Taipei: Taiwan’s Army said Tuesday it had ruled out a possible weapon malfunction in its investigation into a shooting incident that left a male conscript severely injured in Taichung the previous day. The conscript’s rifle was inspected at an Army repair depot, which found “no damage to the gun or

Saudi Arabia Celebrates National Day in Taipei, Pledges to Enhance Ties

Taipei: Saudi Arabia’s representative to Taiwan, Mohammed S. Alghamdi, said Tuesday that he is looking to continue strengthening bilateral relations, as his office celebrated his country’s National Day. At a reception in Taipei to mark Saudi Arabia’s National Day, Alghamdi said the annual ceremony commemorates the unification of the Saudi

U.S. Dollar Higher in Taipei Trading

Taipei: The U.S. dollar was traded at NT$30.094 at 10 a.m. Thursday on the Taipei Foreign Exchange, marking an increase of NT$0.029 from the previous close.

According to Focus Taiwan, the rise in the U.S. dollar’s value against the New Taiwan dollar…

Taiwan Shares Open Higher Following Positive Market Activity

Taipei: The Taiwan Stock Exchange’s main index experienced an increase as it opened up 104.92 points, reaching 25,543.17. This opening was marked by a turnover of NT$5.84 billion (US$194.08 million).

According to Focus Taiwan, this positive movement …

Economics Minister’s Comment on US Investment Misunderstood, Says Ministry

Kaohsiung: The Ministry of Economic Affairs has objected to characterizations that Taiwan has committed to invest US$400 billion in the United States to get its 20 percent tariff rate lowered, after the agency’s head said such a deal might be necessary. At a seminar in Kaohsiung Monday with business representatives,