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Taiwan posts robust Q4 growth

Taiwan's economy grew a better-than-expected 2.92 percent on-year in the fourth quarter, preliminary government data showed Tuesday, as exports rebounded on improving demand for consumer electronics and domestic consumption surged. Full-year growth for 2013 stood at 2.19 percent, the Directorate General of Budget, Accounting and Statistics said, up from 1.48 percent in 2012 -- its slowest pace in three years -- as declining exports to most overseas markets were offset by increased demand from China and Southeast Asia.

Taiwan's export orders up 7.4 percent in December

Taiwan's export orders rose 7.4 percent in December from a year ago on the back of growing overseas demand for new cellphones and other consumer products. Offering hopes of a slightly brighter picture in 2014 for the export-reliant economy, shipments in December totalled $42.31 billion, compared with a rise of just 0.8 percent recorded in November, the economics ministry said in a statement Export orders -- orders filed to manufacturers one or two months ahead -- are seen as a key index to measure the strength of the island nation's economy.

Taiwan's leading telecom operator gets new boss

Taiwan's leading telecom operator Chunghwa Telecom will get a new chairman from the high-tech sector, transport minister Yeh Kuang-shih said Tuesday. The cabinet has approved the appointment of Rick Tsai, former chairman of the world's leading contract microchip maker Taiwan Semiconductor Manufacturing Co. (TSMC), to take over the reins at Chunghwa Telecom, Yeh told reporters. Tsai will succeed Lee Yen-sung who retires next month. The surprise appointment is expected to be endorsed by the board of Chunghwa, which is controlled by the government, officials said.

Shares of Acer jump after names ex-TSMC sales exec new CEO

TAIPEI (Reuters) - Shares of Acer Inc jumped on Tuesday, after the company named former sales executive Jason Chen of the world's largest contract chipmaker TSMC its new CEO in a bid to revive the struggling PC company. Soon after the opening bell, Acer firmed 3.5 percent to T$17.6, versus a 0.2 percent rise in the broader market. Chen will take over executive duties on January 1 from company founder Stan Shih, who returned to the company in November and will remain Acer's chairman, Acer said in a statement on Monday.

S. Korea committed to enforcing fair market rules, encouraging competition: FTC chief

SEOUL, Dec. 11 (Yonhap) -- South Korea is committed to enforcing unbiased market rules and stamping out discrimination so as to support the country's sustainable growth drive through fair competition, the head of the country's anti-trust watchdog said Wednesday. In a news conference held in Seoul, Fair Trade Commission (FTC) chairman Noh Dae-rae made clear that Seoul remains firm on its stance to correct abuse of market power by big companies and unfair trade practices that hinder the growth of smaller sized firms.

Taiwan exports flat in November

Taiwan's exports remained sluggish in November but declines in most overseas markets were offset by increased demand from China, its biggest export destination, the government said Monday. Shipments in November totalled $24.9 billion, unchanged from a year ago but down 4.7 percent from the previous month, the finance ministry said in a statement. The figure however marked an improvement following year-on-year declines of 7.0 percent and 1.5 percent respectively in September and October.

Taiwan's weak November exports drag on economic outlook

By Roger Tung and Michael Gold TAIPEI (Reuters) - Taiwan's exports posted no growth in November, constrained by weak demand in key markets ahead of the Christmas season that will likely drag on growth in the final quarter of the year. The government cut its full-year growth outlook in late November, the second time it did so in three months, reflecting weak prospects for the island's pivotal high-tech goods. Slowing growth in its biggest export market, China, is also set to restrain demand next year.

Taiwan stocks close up 0.09 pct

Taiwan stocks close up 0.09 pct HONG KONG, Dec. 2 (Xinhua) -- Taiwan's share prices closed higher Monday with the weighted index up 7.78 points, or 0.09 percent, to close at 8,414.61, according to news reaching here from Taipei. Turnover totaled 67.72 billion new Taiwan dollars (about 2.29 billion U.S. dollars).

Taiwan downgrades 2013 growth forecast

Taiwan further slashed its 2013 growth forecast on Friday as slowing global demand weighs on the export-reliant economy, the government said. The government chopped its full-year growth forecast to 1.74 percent, down from 2.31 percent predicted in August and 2.4 percent in May, according to the Directorate General of Budget, Accounting and Statistics. Slowing demand for liquid crystal display panels, falling shipments of petrochemical products and stiff competition from China were to blame for the worse-than-expected performance, the agency said in a statement.

Taiwan stocks close up 0.53 pct

Taiwan stocks close up 0.53 pct HONG KONG, Nov. 29 (Xinhua) -- Taiwan's share prices closed higher Friday with the weighted index up 44.4 points, or 0.53 percent, to close at 8,406.83, according to news reaching here from Taipei. Turnover totaled 85.01 billion new Taiwan dollars (about 2.87 billion U.S. dollars).
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