Taiwan's forex reserves drop as central bank intervenes in market

Taipei (CNA) - Taiwan's foreign reserves fell at the end of May for the first time in six months as the central bank entered the market to buy the local currency, which offset its returns from its...

Confidence in Taiwan economy improves in March

Local confidence in Taiwan's economy improved for a second consecutive month in March as optimism over a possible resolution of the U.S.-China trade war offset concerns over disappointing economic...

Taiwan's jobless rate falls to 3.70% in November

Taipei, Dec. 22 (CNA) Unemployment in Taiwan fell to 3.70 percent in November, pointing to a stable job market, government statistics showed Saturday. According to data compiled by the Directorate ...

Taiwan Central Bank hints at rate hikes in H2

Taiwan's central bank hinted it could tighten its monetary policy by raising interest rates in the second half of the year after leaving rates unchanged for an eighth consecutive quarter at its po...

Taiwan ranked as 5th largest lender worldwide

TAIPEI (CNA) - Taiwan remained the world's fifth largest lender in 2017 as its net international investment position rose more than 6 percent from a year earlier, according to the country's ce...

Consumer goods imports hit 4-month high

TAIPEI (CNA) - Consumer goods imports for the first four months of this year totaled US$11.49 billion, up 13.2 percent from a year earlier, according to data compiled by the Ministry of Finance (MOF)....

U.S. dollar closes lower on Taipei forex (update)

Taipei, Oct. 14 (CNA) The U.S. dollar fell against the Taiwan dollar Friday, shedding NT$0.088 to close at NT$31.672 in reflection of a rebound staged by other regional currencies after a recent slu...

Taiwan ranks 2nd in talent shortage: survey

Taiwan has the second most acute shortage of talent in the world, trailing only Japan, according to the results of a survey released by global human resources firm ManpowerGroup on Monday. Manpower...

U.S. dollar closes higher on Taipei forex (update)

The U.S. dollar rose against the Taiwan dollar on Thursday, gaining NT$0.131 to close at NT$31.760 as the weakness of regional currencies placed downward pressure on the local currency throughout the ...

Employers turn cautious about hiring in Q4: survey

Taipei, Oct. 11 (CNA) Despite signs that the domestic economy is improving, many employers in Taiwan are more cautious than in the past about hiring workers in the fourth quarter, a survey released ...

One third of young workers live hand to mouth: poll

Taipei, Oct. 6 (CNA) More than 30 percent of employees under 40 spend almost all their monthly salary and some find it difficult to make ends meet, a survey showed on Thursday. Citing the s...

Central bank stops interest rate cut cycle

Taipei, Sept. 29 (CNA) The Central Bank of the Republic of China (Taiwan) said Thursday after concluding a quarterly policymaking meeting that it has decided to stop an interest rate cut cycle. ...

FSC to tighten tender offer rules

Taipei, Sept. 29 (CAN) The Financial Supervisory Commission (SFC), Taiwan's top financial regulator, said Thursday that it will tighten the rules governing the implementation of tender offers after ...

Chinese yuan deposits halt 6-month straight slide

Chinese yuan-denominated deposits held by banks operating in Taiwan stopped a six-month losing streak in August for the currency partly due to many banks' efforts to hike yuan deposit rates in a bid t...

U.S. dollar closes lower on Taipei forex (update)

The U.S. dollar fell against the Taiwan dollar Tuesday, shedding NT$0.083 to close at NT$31.367 on more fund inflow, as traders were betting on a higher local currency due to hopes of no immediate int...