Business

The Supreme Court ruled on Thursday that the children of late businessman Oung Ta-ming (翁大銘), along with two of their uncles, must pay nearly NT$1.3 billion (US$39.62 million) plus interest in damages over the depletion of Kuo Hua Life Insurance Co.'s assets two decade ago.

Taiwan Semiconductor Manufacturing Co. (TSMC) is planning to build new factories in Kaohsiung, Tainan and Taichung over the next three years, the head of the Cabinet's policy-planning agency said Thursday.

The Executive Yuan on Thursday approved draft amendments proposed by the Ministry of Finance to eliminate tariffs on 17 products from Paraguay.

National Development Council (NDC) chief Liu Chin-ching (劉鏡清) said Thursday that Taiwan's economy is likely to grow by over 3 percent next year following the election of Donald Trump as U.S. president.

Almost half of Taiwan's companies are set to give raises to their employees in 2025, the highest proportion for the past 10 years, according to a survey conducted by an online job listings website released on Thursday.

Taiwan shares ended down 132.70 points, or 0.58 percent, at 22,555.66 Thursday on turnover of NT$348.69 billion (US$10.7 billion).

Taiwan and Latvia have signed a memorandum of understanding (MOU) to collaborate in the drone industry during the first visit by a Taiwanese drone industry delegation to the Baltic country.

The U.S. dollar was traded at NT$32.554 at 10 a.m. Thursday on the Taipei Foreign Exchange, up NT$0.060 from the previous close.

The Taiwan Stock Exchange's main index opened down 16.7 points at 22,671.66 Thursday on turnover of NT$3.94 billion (US$121.16 million).

Taiwan's export orders grew for the eighth consecutive month in October, and there is a high possibility that orders for 2024 will surpass those of 2023, according to statistics released by the Ministry of Economic Affairs (MOEA) on Wednesday.