Fri, Mar 28, 2014 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

CONSTRUCTION

Building loans at record: bank

The outstanding balance of the nation’s construction loans amounted to NT$1.52 trillion (US$49.99 billion) as of last month, which marked a record high, according to central bank data released on Wednesday. The figure, an indicator of the construction sector’s outlook for the property market, was 4.83 percent higher than a year earlier, the data showed. The outstanding balance of housing loans totaled NT$5.66 trillion for the same period, down from NT$5.67 trillion recorded in January, due to the impact of Lunar New Year holiday, the data showed. On an annual basis, the figure rose 4.24 percent, the bank said.

TRADE

Buyers flock to fair: TAITRA

This year’s Sourcing Taiwan trade fair could bring in orders worth up to US$5.5 billion, Taiwan External Trade Development Council (TAITRA) chairman Wang Chih-kang (王志剛) said at the opening ceremony. This year’s event was being attended by about 630 buyers from 63 countries and by local companies in the machinery, food and information-and-communications technology sectors, TAITRA said. The number of buyers was at its highest ever, it added. As many as 365 buyers came from emerging markets including Myanmar, Ghana, Iraq and Laos, it added. Taiwan’s exports totaled US$305.4 billion last year, a 1.2 percent increase from the year before, government data showed.

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