Industry

National Central University Names Asteroid After Pingtung’s Hengchun

Pingtung: National Central University (NCU) on Saturday announced that an asteroid it discovered has been officially named “Hengchun,” coinciding with the 150th anniversary of the Pingtung County township’s founding. According to Focus Taiwan, at a press conference at Pingtung County Library, NCU Vice President Chen Wen-yih described the asteroid’s naming

Stabilization Fund to Continue Market Intervention Amid U.S. Tariff Concerns

Taipei: The National Financial Stabilization Fund will continue to intervene in the local stock market despite a significant rebound since it first entered the market in early April, with the Ministry of Finance (MOF) citing uncertainties stemming from U.S. tariff policies. According to Focus Taiwan, the MOF stated that the

EVA Air Revenue Falls in September, Starlux and Tigerair Taiwan Report Growth

Taipei: EVA Airways, one of Taiwan’s prominent international carriers, experienced a 10 percent year-on-year decline in revenue for September. In contrast, Starlux Airlines, the newest Taiwanese international carrier, and Tigerair Taiwan, the country’s sole low-cost airline, reported an increase in revenue during the same month. According to Focus Taiwan, EVA

85°C Café to Close Underperforming Outlets in China, Bolster U.S. Expansion

Taipei: Gourmet Master Co., the owner of the 85°C Bakery Cafe chain, has announced plans to shutter underperforming outlets in China as part of a business restructuring strategy, while simultaneously ramping up its expansion efforts in the United States. According to Focus Taiwan, the decision stems from challenges in the

Taiwan Shares Open Higher on Thursday

Taipei: The Taiwan Stock Exchange’s main index opened up 237.93 points at 27,301.61 Thursday on turnover of NT$14.03 billion (US$459.81 million). According to Focus Taiwan, this increase in the index reflects a positive market sentiment as trading commenced for the day. The initial turnover indicates active participation from investors, contributing

Military Flyover Rehearsal Conducted in Taipei for National Day Celebrations

Taipei: An assortment of military aircraft flew over the Presidential Office building in downtown Taipei early Thursday as part of a rehearsal organized by Taiwan’s military ahead of the National Day of the Republic of China (Taiwan) flyby performance on Oct. 10. According to Focus Taiwan, Thursday’s rehearsal, held from