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Taiwan's economy expands 3.78pc in third quarter TAIPEI: Taiwan's economy grew a better-than-expected 3.78 percent in third quarter, boosted by corporate investment, preliminary data showed Friday.The increase in July-September beat forecasts of 3.62 percent and represents the best performance since the final three months of 2012, as demand for electronics, machinery and metals continued to grow, the Directorate General of Budget, Accounting and Statistics said.The figure shows a gradual improvement in the economy, which expanded 3.24 percent in the first three months of the year and 3.74 percent in April-June.Full-year growth for 2014 was estimated at 3.41 percent, according to an August forecast, putting Taiwan on course to enjoy its best 12 months since 2011.Domestic capital spending rose 7.89 percent on-year in July-September, boosted by airlines buying new planes as well as semiconductor companies expanding their production capacities, the agency said.However, private consumption in the quarter came in at a lower-than-expected 2.43 percent on-year, hit by a ...

Bank of Japan expands monetary easing plan as economy slows TOKYO: The Bank of Japan ramped up its vast monetary easing programme Friday -- sending the yen plunging and stocks soaring -- in a surprise move aimed at reviving growth just as the Federal Reserve winds down its own stimulus spree.After a one-day meeting, policymakers said they would add up to 20 trillion yen ($182 billion) to the central bank's current asset-buying scheme, bringing it to 80 trillion yen annually.The decision sent the yen sinking ...
Diving in the dark for treasured coal in Myanmar YANGON: Gripping a rubber hose between his teeth that will be his lifeline, Than Hlaing takes a last gulp of relatively untainted air before plunging into the murky gloom of the fast-flowing Yangon river in Myanmar's main city.Lashed with weights to help him dive straight down, the 40-year-old peers through the heavily silted waters as he descends to the riverbed.There, he will grope in the darkness several metres (feet) below the surface for the treasure ...
Japan consumer inflation slows, spending down in September TOKYO: Japanese inflation slowed further in September as consumers tightened their purse strings, data showed Friday, fuelling concerns that a tax hike this year could derail the nation's economic recovery.The internal affairs ministry said Japan's core consumer inflation, stripping out volatile fresh food prices, came in at 3.0 percent year-on-year, down from 3.1 percent in August.Prices rose from year-earlier levels largely because the government raised sales tax from 5.0 percent to 8.0 percent on April ...
Japan's huge pension fund set for major investment shift: reports TOKYO: Japan will announce Friday that its public pension fund -- the world's biggest -- will double the amount of equities it holds in its investment portfolio, reports said, as it seeks out higher returns to cope with an ageing population.The welfare ministry will agree the Government Pension Investment Fund's plan that will see domestic and foreign stocks account for a combined 50 percent of its portfolio, up from about 25 percent now, the leading ...
Spanish economy pulls ahead as eurozone stalls MADRID: Spain's economy expanded for the fifth straight quarter from July to September, official data showed on Thursday, holding to weak recovery from recession while the rest of the eurozone stalled.The country is pulling away from deep problems arising from a property crash and the eurozone debt crisis, and has enacted tough reforms against a background of high unemployment. Spanish gross domestic product grew by 0.5 percent in the third quarter from output in the ...
US economy grew 3.5pc in third quarter WASHINGTON: The US economy grew at an annual rate of 3.5 percent in the third quarter, much stronger than expected, according to Commerce Department data released Thursday.The pace of gross domestic product growth followed a strong 4.6 percent expansion in the second quarter, when the world's largest economy rebounded from a first-quarter contraction linked to unusually severe winter weather.Economists had expected third-quarter growth would slow even more, to a rate of 3.0 percent according to ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln