Industry

U.S. Dollar Closes Lower on Taipei Forex Market

Taipei: The U.S. dollar fell against the Taiwan dollar Tuesday, shedding NT$0.015 to close at NT$31.508. Turnover totaled US$942 million during the trading session. According to Focus Taiwan, the greenback opened at NT$31.510, and moved between NT$31.485 and NT$31.544 before the close.

Extension of EV Tax Exemption Approved by Legislative Yuan

Taipei: Amendments to commodity and vehicle license tax laws for electric vehicles (EVs) that will extend an exemption of these taxes for an additional five years cleared the Legislative Yuan on Tuesday. With the current exemptions of commodity and vehicle license taxes for consumers to buy EVs that were launched

Taiwan Shares Close Up 0.57%

Taipei: Taiwan shares ended up 160.83 points, or 0.57 percent, at 28,310.47 Tuesday on turnover of NT$420.39 billion (US$13.35 billion). According to Focus Taiwan, the increase in Taiwan shares reflects an upward trend in the stock market, with a notable rise in trading activity. The market’s performance was marked by

U.S. Dollar Lower in Taipei Trading

Taipei: The U.S. dollar was traded at NT$31.510 at 10 a.m. Tuesday on the Taipei Foreign Exchange, reflecting a decrease of NT$0.013 from the previous close. According to Focus Taiwan, the movement in the currency exchange rate indicates a slight depreciation of the U.S. dollar against the New Taiwan dollar

Taiwan’s Foreign Minister Lin and Business Delegates Seek Cooperation Opportunities in Palau

Taipei: Taiwan’s Foreign Minister Lin Chia-lung departed Taipei on Thursday for a four-day visit to Palau, accompanied by several Taiwanese business representatives, to explore opportunities for further collaboration with the Pacific ally, according to his ministry. According to Focus Taiwan, the delegation, led by Lin, includes representatives from Taiwan’s tourism,

Taiwan Shares Close Down 0.21%

Taipei: Taiwan shares ended down 56.64 points, or 0.21 percent, at 27,468.53 Thursday on turnover of NT$446.41 billion (US$14.16 billion). According to Focus Taiwan, the market’s slight decline came amid a day of trading that saw fluctuations in stock values. The turnover for the day was significant, reaching NT$446.41 billion,