New Taiwan Dollar

Taiwan curbs bullish bets as local dollar rises

The Taiwan dollar has risen to a five-year high against the yen.

Taiwan's central bank reduced the daily cap on the net US dollar short position that can be held by each bank to US$5 million from US$10 million, according to Spencer Lin, director general of foreign exchange.

Friday, 24 May, 2013, 3:47am

Cafe dregs secret to popular apparel

While Taiwanese manufacturers have for years steadily shifted their operations to the mainland, at least one is swimming against the tide, using a raw material usually associated with cafes.

7 Jul 2012 - 12:00am

Treat for delegates

Taiwan has expanded its Meet Taiwan Card campaign and plans to issue 6,000 to 7,000 cards to delegates at international conferences until November 15.

14 Sep 2011 - 12:00am

HK man's scam thwarted in Taiwan

A 'greedy' Hong Kong tourist was arrested in Taiwan on Sunday after he allegedly conned cashiers out of about NT$2,700 (HK$800), while he had the equivalent of HK$51,000 in his pocket.

The 60-year-old man was nabbed in Yilan, northeastern Taiwan, after he deceived a busy coffee-shop worker into giving him change for a NT$1,000 note he had already taken back.

27 Apr 2011 - 12:00am

Yangzijiang advances 7pc daily limit on debut

Yangzijiang Shipbuilding Holdings, one of the mainland's top three private shipyards and the first mainland company to list in Taipei using Taiwan depositary receipts, made its trading debut with flying colours.

The company rose the maximum 7 per cent daily trading limit allowable with TDRs, before a mandatory suspension was triggered on the Taiwan Stock Exchange.

9 Sep 2010 - 12:00am

Making yuan legally tradable a matter of convenience and profits

From July 4, the Chinese yuan will be legally tradable in Taiwan for the first time in more than five decades, as part of a liberalisation policy that allows mainland tour groups to visit the island directly.

The Taiwanese parliament revised the law to allow exchange of up to 20,000 yuan (HK$22,688) for Taiwan dollars.

23 Jun 2008 - 12:00am

Price puts ownership out of reach for many

A sharp rise in property prices in Taipei is putting home-ownership beyond the reach of many buyers, and critics warn a property price bubble may be emerging.

14 May 2008 - 12:00am

Regulations on cross-strait business to ease

Lawbreakers set to be pardoned

Taiwanese authorities will relax rules on mainland-bound investments and pardon firms with unauthorised mainland investments in a bid to woo Taiwanese businessmen ahead of the island's presidential election on March 22.

6 Mar 2008 - 12:00am

DPP couple in hara-kiri vow after fraud claim

Two prominent members of Taiwan's ruling Democratic Progressive Party have offered to perform hara-kiri, the Japanese ritual suicide of disembowelment, if they are found to have embezzled money from a local bank.

27 Jul 2007 - 12:00am

In fine fettle

Five years after it was first was set up in 1995, Taiwan's National Health Insurance (NHI) system, and the quality of the island's health care in general, were rated by The Economist magazine as second only to Sweden's.

18 Aug 2005 - 12:00am

GE cleared for Cosmos bid

US firm's $2.92b buyout marks the first foreign acquisition of a Taiwanese bank

Taiwanese regulators have given approval for the first foreign takeover of a local bank.

16 Jul 2005 - 12:00am

Cross-strait arms trade thrives

Professional game players rake in money from weapons sales

A long day at the office for Xu Zhiqiang includes 16 hours in front of a computer, but the enormous time demand does not bother the 22-year-old university graduate.

12 Jun 2004 - 12:00am

Prosecutors urge prison terms for two Kaohsiung opposition candidates

Two opposition candidates in Kaohsiung were among 28 people charged yesterday with vote-buying.

'Wang Tein-ging, who is running for legislator in the constituency of Kaohsiung city, and Hsiao Chin-lan, running in Kaohsiung county, were charged . . .,' said an official with the prosecutors' office under Kaohsiung District Court.

28 Nov 2001 - 12:00am

United Micro profits surge

Taiwan's second-largest semiconductor-maker United Microelectronic's net profit shot up more than sevenfold to NT$7.45 billion in the first quarter. This compared with NT$946 million in the three months to March last year. Its revenues soared nearly threefold from NT$6.5 billion to NT$19.31 billion in the quarter.

28 Apr 2000 - 12:00am

Stocks tumbled

Markets in Hong Kong, the mainland and Taiwan were knocked yesterday on growing fears there would be no quick solution to renewed cross-strait tensions.

15 Jul 1999 - 12:00am