Yen course favorable: Kuan
The continued depreciation of the Japanese yen is a “mixed blessing” to Taiwan, Minister of the Council for Economic Planning and Development Kuan Chung-ming (管中閔) said on Saturday. Kuan made the remarks on the sidelines of a speech. He said a lot of raw materials and semi-finished products are imported from Japan, so the yen’s depreciation can be favorable to Taiwan. Kuan said that the impact of depreciation of the yen on the nation’s economy will have to be observed for a period of time.
Facebook app updated
Facebook Inc’s Home launcher is now available for HTC Corp’s (宏達電) new smartphone, as the official Facebook app received an update hours after the world’s largest social network said on Thursday that Facebook Home had almost hit 1 million downloads. Users of Samsung Galaxy S4 and Sony Xperia ZL can also receive unofficial support for the app, as their devices will show an option to “Use Home Anyway” after installation, Web site Android Central reported on Thursday.
Holdings’ profit falls
The nation’s 15 listed financial holding companies registered a fall of almost 30 percent in net profit last month, statistics showed on Saturday. Last month, the 15 financial holding firms recorded NT$16.01 billion (US$537 million) in net profit, down 29.45 percent from a month earlier, according the statistics. Analysts said the decline partly reflected shrinking profitability of these companies’ banking operations. In the first four months of the year, the companies recorded NT$103.35 billion in net profit.