Industry

Taiwan Shares Open Higher on Monday

Taipei: The Taiwan Stock Exchange’s main index began the week on a positive note, opening up 47.68 points at 27,674.16. The initial turnover reached NT$7.58 billion (US$241.4 million). According to Focus Taiwan, this opening indicates a positive momentum in the market as traders and investors engage actively. The increase in

U.S. Dollar Closes Higher on Taipei Forex Market

Taipei: The U.S. dollar strengthened against the Taiwan dollar on Monday, closing with an increase of NT$0.023 to reach a final rate of NT$31.431. According to Focus Taiwan, the trading session saw a total turnover of US$1.116 billion. The U.S. dollar began the day at NT$31.400, fluctuating within a range

Employers Blame U.S. Tariffs as Furloughed Workers Hit 9,153

Taipei: The number of workers in Taiwan on formal unpaid leave rose from 8,456 to 9,153 in the second half of November, with 369 out of 456 employers citing U.S. tariffs, the Ministry of Labor (MOL) said Monday. According to Focus Taiwan, three large manufacturers in the machinery equipment, metal

4,080 Contaminated Fish Fillets Sold in Kaohsiung Before Recall

Kaohsiung: The Kaohsiung City health department announced a recall order for tilapia fillets found to contain traces of a banned veterinary drug, with approximately 4,080 packets already sold before the recall could be enforced. According to Focus Taiwan, the recall was initiated on November 27 after tests conducted in October

Taiwan Shares Close Down 1.03%

Taipei: Taiwan shares ended down 283.95 points, or 1.03 percent, at 27,342.53 Monday on turnover of NT$476.47 billion (US$15.16 billion). According to Focus Taiwan, the decline in Taiwan shares was observed as the market closed on Monday. The trading turnover for the day was noted at NT$476.47 billion, equivalent to