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Penghu to get 11 new wind turbines

By Kuo Chia-erh

State-run Taiwan Power Co (Taipower, 台電) yesterday said construction of 11 new onshore wind turbines at three locations in Penghu County is to be completed in 2020, as part of the government’s initiative to turn Penghu into a low-carbon-footprint island. Taipower said it is to buildFULL STORY

AIDC expects stable profit

By Ted Chen

Aerospace Industrial Development Corp (AIDC, 漢翔航空工業), the nation’s largest civilian and military aircraft manufacturer, yesterday said the company expects to see stable earnings growth next year as it balances revenue streams from the military and civilian sectors. The company reported that net income in the thirdFULL STORY

Industrial production rises for sixth straight month

By Lisa Wang

Industrial production last month rose 2.85 percent year-on-year for the sixth consecutive month as the launch of Apple Inc’s new iPhone series boosted demand for advanced chips and electronic components, the Ministry of Economic Affairs said yesterday. Manufacturing output, a pillar of the nation’s industrial output,FULL STORY

NT dollar hits high against the greenback

By Crystal Hsu

The New Taiwan dollar rose 0.04 percent, or NT$0.013, to NT$30.007 against the US dollar in Taipei trading yesterday. This was the highest it has been in two-and-a-half months as traders are downbeat about the US currency, one trader said. Both sellers and buyers appear toFULL STORY

Taiwanese ‘smart’ firms attend expo in Bengaluru

By Lauly Li

Smart Asia Expo & Summit, the Taiwan External Trade Development Council’s (TAITRA, 外貿協會) first business-to-business (B2B) “smart” city solutions exhibition, yesterday opened at the White Orchid Convention Center in Bengaluru, India, aiming to help Taiwanese firms grab business opportunities in the country. “Our first ever SmartFULL STORY

Singapore’s economy sees fast expansion

Data released yesterday showed that Singapore’s economy expanded at its fastest pace of 5.2 percent year-on-year in more than three years in the third quarter, versus a median estimate of 5 percent, and that the recovery has broadened out from export industries to the servicesFULL STORY

Fed members like near-term hike

A majority of US central bankers favor raising benchmark interest rates in the near term, signaling that the Federal Reserve is likely to tighten monetary policy next month, minutes from their last meeting revealed on Wednesday. However, sharp disagreements persist among policymakers over the dangers ofFULL STORY

UK to enforce tax for e-commerce

Britain on Wednesday announced measures to tackle tax avoidance by tech giants and to hold online marketplaces like eBay Inc and Amazon.com Inc accountable for tax evasion via their platforms. British Chancellor of the Exchequer Philip Hammond said some multinationals were avoiding tax on profits generatedFULL STORY

Final turns for Paris’ Ferris wheel

Paris city councilors on Wednesday voted to axe the city’s prominent riverside Ferris wheel, the French capital’s version of the London Eye. Run by “fairground king” Marcel Campion, who has also seen his Christmas market on the Champs-Elysees scrapped because authorities deemed it too tacky, theFULL STORY

Thai banks introduce QR code-aided transactions

Bangkok’s famous street food vendors have joined the digital revolution, embracing payment via quick response (QR) barcodes, which can be read using smartphones. Thailand is famous for its traditional street stalls that offer everything from stir-fried noodles to clothes and, for many Thais, eating out atFULL STORY

China’s microlender war imperils path to US listings

A new assault by Chinese authorities on the nation’s cash microlenders threatens to stymie any new listings in New York, as regulators in Beijing escalate their campaign to reduce risks in China’s US$40 trillion financial-services sector. China plans to purge the nation’s 157 online microlenders, leavingFULL STORY

World Business Quick Take

GERMANY Exports push up growth Exports and investment propelled growth in the third quarter, putting Europe’s biggest economy in a strong position to weather rising political uncertainty after coalition talks collapsed. Trade added 0.4 percentage points to economic expansion in the July to September period, with companyFULL STORY

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