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Ministry, executives discuss tariff war

The Ministry of Economic Affairs has been urged to set up a special task force to help Taiwanese companies manage the impact of the nascent trade war between the US and China. The ministry should also assist local companies to market their products overseas, while helpingFULL STORY

Sentiment, ‘big players’ not deterred by trade spat

Although the US-China trade dispute affected the Taiwan Stock Exchange (TWSE), trading sentiment among domestic investors remained high in the second quarter of this year, with the number of “big players” increasing from the previous quarter, statistics released on Wednesday last week showed. A total ofFULL STORY

Firm eyes profits from China out-licensing deal

By Ted Chen

Center Laboratories Inc (晟德大藥廠), which makes oral liquid formulations, has signed a memorandum of understanding that would pave the way for a lucrative out-licensing deal with a Chinese partner. Through the deal, the company plans to license CS02, its diabetes drug candidate, to CR Pharmaceutical GroupFULL STORY

CPC sees higher earnings, announces fuel price cuts

Oil refiner CPC Corp, Taiwan (CPC, 台灣中油) reported higher earnings for the first half of this year than the other three companies operated by the Ministry of Economic Affairs, thanks mainly to higher global crude oil and petrochemical raw material prices. CPC’s pretax profit was NT$29.4FULL STORY

Telecoms to see revenue per user fall: analyst

The nation’s three major telecom service providers last month saw declines of 8 to 8.5 percent in average revenue per user (ARPU) amid cut-throat competition in the domestic market, KGI Securities Investment Advisory Co (凱基投顧) said last week. Although May saw a brief recovery in ARPU,FULL STORY

Milk tea brand opens Louvre branch

Chatime (日出茶太), a Taiwanese bubble milk tea brand, has opened a branch at the Louvre, one of the most popular tourism attractions in France, as part of the beverage vendor’s efforts to extend its reach worldwide. The new branch of Chatime, which opened on Friday lastFULL STORY

Chinese cancer film is a surprise box-office smash

The screen portrayal of a cancer sufferer whose illegal import of foreign medicines into China spurred national policy changes has become a box-office smash as audiences flock to a rare Chinese film on a hot-button issue. Dying to Survive (我不是藥神) is based on Lu Yong (陸勇),FULL STORY

Anxiety over S.H.E. singer’s contract wipes NT$1.3bn off HIM’s market value

Uncertainty surrounding the renewal of S.H.E. singer Ella Chen’s (陳嘉樺) agency contract with record label HIM International Music Inc (華研國際) last week harmed shares in the company, wiping out NT$1.3 billion (US$42.54 million) of its market value over the past three sessions, TAIEX tallies showed. SharesFULL STORY

S&P says banking industry hit by low earnings capacity

The nation’s financial industry suffers from low earnings capacity amid a highly competitive operating environment, according to the latest Banking Industry Country Risk Assessment: Taiwan report published by S&P Global Ratings on Thursday last week. The high proportion of domestic banks owned by the state hasFULL STORY

South Korea raises minimum wage2018-07-15

South Korea yesterday decided to raise the minimum wage by 10.9 percent to 8,350 won (US$7.40) an hour next year, but a small-business group said that it would refuse to implement the reform, as its members were already grappling with a slowing economy. Labor-friendly South KoreanFULL STORY

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