Mon, Aug 27, 2018 - Page 15 News List

Taiwan Business Quick Take

Staff writer, with CNA

ECONOMY

M1B grows 5.76%

Last month’s M1B — a measure of the money in circulation in the nation — grew 5.76 percent year-on-year, slower than the previous month’s 5.9 percent, the central bank reported on Friday last week. The M2 — which includes the M1B, time deposits, foreign-currency deposits and mutual funds — also saw annual growth decrease to 3.59 percent from 4.1 percent. The declines were mainly because of net foreign-capital outflows and slower growth in bank loans and investments, the central bank said. For the first seven months, the average annual growth rates of M1B and M2 were 5.33 percent and 3.70 percent respectively.

SEMICONDUCTORS

Equipment billings rise

North America-based manufacturers of semiconductor equipment last month reported worldwide billings of US$2.36 billion, international trade group SEMI reported on Thursday last week. The three-month average of worldwide billings for last month was 4.9 percent lower than June’s US$2.48 billion, but up 4.1 percent from US$2.27 billion in the same period last year, the group said. SEMI Taiwan president Terry Tsao (曹世綸) said global billings declined for the second month in a row, but the overall semiconductor equipment industry is expected to end this year with strong growth, driven by demand for memory products, high-performance computing chips and automotive electronics chips.

TRADE

TAITRA inks Finland deal

The Taiwan External Trade Development Council (TAITRA, 外貿協會) and its Finnish counterpart on Wednesday last week signed a memorandum of understanding in Taipei to promote bilateral economic and trade cooperation. Businesses exchanges are expected to increase because of the agreement, TAITRA said. The agreement was signed by TAITRA and Business Finland — the major Finnish funding agency for financial research and innovation — at the Fifth Taiwan-Finland Economic and Trade Dialogue.

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