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Central Bank Acts to Cool Housing Market! Enacts 6th Round of Property Market Controls, Limits Second Home Loans to 60% in Six Major Cities and Hsinchu County and City

Reported 7 months ago

FTNN News Network, June 13, 2024, 6:45 AM: The Central Bank of Taiwan held its 2nd quarterly board meeting today and decided to keep the policy interest rate unchanged as expected. However, considering the recent fervent housing market, they introduced the 6th wave of selective credit controls by lowering the maximum loan-to-value ratio for second home purchases to 60% in Taipei, New Taipei, Taoyuan, Taichung, Tainan, Kaohsiung, Hsinchu County, and Hsinchu City. These measures will take effect from June 14. Additionally, the reserve requirement ratio for New Taiwan Dollar deposits has been raised by 0.25 percentage points. The Central Bank aims to further reduce credit resources flowing into the real estate market and monitor the effects of these measures on the housing market for financial stability and sound banking operations.

Source: YAHOO

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Time to Consider Investing in May's Underperforming Nasdaq Stocks

Reported 7 months ago

In May, software and some biotech stocks struggled, leading to discounts on growth stocks such as MongoDB and Exact Sciences. MongoDB lost 35% in value, primarily due to fears of a sales growth slowdown, while Exact Sciences lost around 23%. Despite this, both companies have potential for growth, making the recent decline a potential buying opportunity for investors looking for discounted high-growth stocks.

Source: YAHOO

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EU requests porn platforms' details on protecting minors online

Reported 7 months ago

The European Commission has requested information from porn platforms such as Pornhub, Xvideos, and Stripchat on the measures they have implemented to safeguard minors and prevent the dissemination of illegal content online. The companies need to provide comprehensive data on the actions taken to mitigate risks for minors and prevent the amplification of illegal content and gender-based violence by July 4. This request falls under the new online content regulations introduced by the European Union, which require companies to share data, conduct risk management, and undergo external auditing.

Source: YAHOO

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Blue Camp's Anti-Huang Challenged, Huang Kuo-chang: Stop Focusing on Elections All Day

Reported 7 months ago

As Huang Kuo-chang, a legislator from the People's Party, prepares for the 2026 mayoral election, some blue camp grassroots members express anti-Huang sentiments, questioning why the Kuomintang should collaborate with Huang, citing past behaviors and statements that many find it hard to swallow. Huang advises against constant election speculation and refocuses on parliamentary duties. While Huang expands his activities in New Taipei City, discussions on blue-white integration with Kuomintang members in public have led to opposition within the blue camp. Huang stresses the need to fulfill commitments to the people before worrying about future elections, as the feasibility of cross-party cooperation remains uncertain amidst past tensions between blue and white camps in the 2024 election. Despite the challenges, cooperative efforts are encouraged by some within the party for grassroots unity and public favor.

Source: YAHOO

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Technical Assessment: Bullish in the Intermediate-Term

Reported 7 months ago

Writing summary...

Source: YAHOO

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Faye被控違法收錄3首歌 阿沁、陳建寧求償二連敗

Reported 7 months ago

飛兒樂團前主唱Faye被指在個人專輯中未經授權擅自收錄3首歌,阿沁及陳建寧提告求償200萬元,一審二審吞敗。法院認定Faye未違法,表示3首歌為她的單獨創作,並推定阿沁上架其中一首歌。無限延伸公司對Faye提告亦遭駁回,陳建寧等人遭遇踢鐵板局面。

Source: YAHOO

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FIR樂團爭議:Faye被指違法收錄3首歌 阿沁、陳建寧求償二連敗

Reported 7 months ago

飛兒樂團前主唱Faye因被控未經授權收錄了3首歌而遭到阿沁和陳建寧提告,要求賠償200萬元。法院一審裁定Faye勝訴,阿沁等人上訴二審仍敗訴,連吞二敗。爭議歌曲包括「蒼穹」、「河畔」及「神曲」等。陳建寧旗下的無限延伸公司也對Faye提告未果。

Source: YAHOO

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Housing Market Controlled! Second Home Loan Down Payment Reduced to 60%, Two Groups Impacted

Reported 7 months ago

The Central Bank of Taiwan implemented the 6th wave of selective credit control measures, reducing the down payment for second home loans in 7 major cities to 60% to regulate the overheated housing market. This affects mainly homebuyers looking to upgrade or change homes, requiring more funds to cover the difference. The new regulations aim to cool down the market and are expected to have a gradual cooling effect, although experts note significant corrections may not be easy given the strong stock market trends. This marks the 6th round of housing market controls in 4 years, reflecting the Central Bank's vigilance towards the housing market.

Source: YAHOO

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Southern Regions to Face 3 Consecutive Days of Rainfall with Southwest Winds Carrying Moisture, High Temperature Warning Likely to Exceed 36 Degrees

Reported 7 months ago

Due to the influence of southwest winds, the southern regions will experience brief showers or thunderstorms, with a high likelihood of scattered heavy rain and continuous wet weather lasting until Sunday. Meanwhile, the northern and eastern regions are advised to be wary of extreme temperatures exceeding 36 degrees. The Central Weather Bureau has issued high-temperature alerts for 4 counties and cities, with Hualien County in particular facing a probability of continuous 36-degree heat. As southwest winds bring hot weather, the trend is expected to continue until the conversion to southerly winds next Monday, gradually reducing rainfall and thunderstorm intensity across the country.

Source: YAHOO

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Efforts to Accelerate the Reopening and Improvement of Hsinchu Baseball Stadium Next Year Urged by Hsinchu City Government, Asking Contracting Company to Stop Delaying

Reported 7 months ago

At the Hsinchu City Council's general inquiry session, Mayor Kao Hung-an stated that the city government is fully committed to advancing the reopening and improvement of the baseball stadium in Hsinchu. Despite successful bidding and progress on the removal of excess soil and the planning of the stadium's reopening design, delays by the contracting company have hindered the process, leading to legal disputes and postponements. The city government aims to complete the improvement project by April next year, pending the resolution of external obstacles caused by the contractor's persistent delays.

Source: YAHOO

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Chinese Artists Can Apply to Taiwan's Immigration Department for Performing, MAC States: We Welcome Them

Reported 7 months ago

During a routine press conference hosted by MAC Vice Chairman Liang Wenchieh, it was mentioned that there are no restrictions on mainland Chinese artists coming to Taiwan; they just need to follow certain guidelines. If the purpose of their visit is for performances, they can directly apply to the immigration department without special procedures. Liang expressed that they welcome Chinese artists like Hu Ge, and clarified that the visit of Hu Ge and Shanghai's Taiwan Affairs Office Director both had separate application processes. Additionally, other mainland artists are welcome to apply for visits or performances in Taiwan as well.

Source: YAHOO

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Foreign Investors Continue Buying Taiwanese Market, 00940 Tops the List! These Four ETFs Also Rank in Top Ten

Reported 7 months ago

Foreign investors are increasing their positions in the Taiwanese stock market, with 00940 being the top buy! The market continues to surge above 22,000 points, with foreign investors buying a net of 32.305 billion NTD, following a 16.817 billion NTD net buy from the previous day, showing their confidence in the Taiwanese market. Among the top three net buys were Yuanta Taiwan Value High Yield ETF (00940) with 147,216 shares, Fubon Taiwan Technology ETF (00929) with 64,730 shares, and TSMC (2303) with 39,903 shares. The trend reflects a bullish sentiment among foreign investors, boosting the market to a historic high above 22,000 points.

Source: YAHOO

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Chatime Appoints New CEO to Accelerate Global Market Expansion

Reported 7 months ago

On June 13, 2024, Carlos Antonius, the CEO of Chatime's Australian subsidiary, was announced to take on the role of global CEO for the renowned bubble tea brand. With over 9 years of experience leading Chatime's success in the Australian market with 200 stores and positioning it as the top bubble tea brand, Carlos will now oversee the brand's global development and international market expansion. The appointment aims to strengthen Chatime's presence worldwide and drive brand strategies, with the establishment of a global brand operations office in Singapore to attract talent for future international growth plans.

Source: YAHOO

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Hu Ge's Flash Visit to Taiwan Without Holding a Press Conference Surprises Taiwan's Mainland Affairs Council

Reported 7 months ago

During the Mainland Affairs Council's routine press conference led by Liang Wen-chieh on June 13, 2024, the topic of Hu Ge's visit to Taiwan was addressed. Chinese actor Hu Ge visited Taiwan for a day to participate in an audiovisual exchange event, sparking controversy. The Mainland Affairs Council expressed surprise at the limited nature of his visit, with Hu only attending one youth exchange event and not engaging in any other activities, clarifying that it was not related to the Council's activities. The visit was facilitated by a Taipei media production group to promote 'Flowers,' raising questions about the event's funding. Despite the lack of promotion or fan interactions during the visit, the Council approved it as a straightforward exchange case.

Source: YAHOO

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Close Call! Elderly Man Falls off Motorcycle at Level Crossing, Alishan Forest Railway Stops Just in Time

Reported 7 months ago

A terrifying accident occurred at the level crossing in Jhuci, Chiayi on June 13th morning around 9:00 am, where an elderly man on a motorcycle crashed through the level crossing, hitting the barrier pole and falling onto the railway tracks. Fortunately, the Alishan Forest Railway train was able to stop in time, avoiding casualties. The incident, which occurred in heavy rain, is still under investigation by the authorities to determine the cause. The man involved in the accident refused medical assistance despite the close call. The train delay caused inconvenience to 156 passengers, with the elderly rider facing penalties for violating traffic laws.

Source: YAHOO

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Man Arrested for Attempted Murder after Van Crashes Into Gym Owned by Guan Zhang in Taichung

Reported 7 months ago

Guan Zhang, a popular internet influencer, had his gym in Taichung crashed into by a van, resulting in the arrest of the driver, Lin, on charges of attempted murder. Lin had previously applied for a job at the gym and was rejected, leading to the incident. The court ruled that Lin posed a public hazard and approved his detention. Although no injuries occurred, the court considered the act significant due to its potential public harm.

Source: YAHOO

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Azora's Accusation of Plagiarism Against Janine Jian Rejected! Chen Jianning Continues to Seek Justice with Her Response

Reported 7 months ago

Azora's accusation of plagiarism against Janine Jian was rejected, with Chen Jianning continuing to seek justice and speaking up on the matter on June 13, 2024, at 6:39 am in Entertainment News.

Source: YAHOO

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Central Bank Lowers Loan-to-Value Ratio for Second Home, Impacting Home Swappers and Sellers

Reported 7 months ago

The Central Bank announced its sixth round of credit control measures, lowering the loan-to-value ratio for the second home loan. This will impact home swappers and sellers, who will now need to prepare more self-funded payments to bridge any financial gaps. The regulation also raised banks' reserve requirement by one percentage point, which may affect loan amounts and customer selection criteria. The new policy is effective from June 14th this year.

Source: YAHOO

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Taiwan Fertilizer Co. Advances Clean New Energy Layout with CIP, Signing MOU to Propel Ammonia Energy Development

Reported 7 months ago

On June 13, 2024, Taiwan Fertilizer Co.'s Chairman Li Sun-rong (left) and CIP's Regional Director Hsu Nai-wen (right) signed an MOU on energy transformation and low-carbon economy. Taiwan Fertilizer Co. recently signed a memorandum of cooperation with Copenhagen Infrastructure Partners (CIP) to deepen clean new energy endeavors, focusing on ammonia energy. With Taiwan Fertilizer Co.'s expertise in manufacturing and storing raw materials and advanced technology, the collaboration aims to develop a clean energy ecosystem with a focus on ammonia's local production, import, storage, transportation, and application, taking a significant step towards becoming a 'clean energy provider'.

Source: YAHOO

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G7峰會開幕,協議使用俄羅斯資產支持烏克蘭,歐盟的傳統大國重新調整

Reported 7 months ago

美聯社報導,G7峰會在意大利召開,經過同意使用冻结的俄羅斯資產作為擔保支持烏克蘭的500億美元貸款提案後,對烏克蘭提供了強烈支持,同時歐洲政治局勢也在向右轉變。意大利總理梅洛尼在會議開幕時表示,她希望透過與全球南方對話和團結來傳達會議的信息。除了討論烏克蘭問題外,加薩戰爭和中國的工業政策等問題,教皇方濟各將成為首位在G7峰會上發表演講的教宗,為這一年度集會帶來了名人和道德權威。

Source: YAHOO

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Central Bank Takes Light Measures, Experts Believe Housing Market Prices Will Continue to Rise in Second Half of the Year

Reported 7 months ago

During the second-quarter board meeting, the central bank maintained interest rates but announced the sixth wave of credit control by reducing the loan-to-value ratio for the second home in specific areas to 60%. However, experts believe the impact will be limited, leading to a high chance of housing market prices and volume continuing to rise in the second half of the year.

Source: YAHOO

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Korean Drama 'Traffic Clash' Collaborates with Seoul Police Department in First 'Traffic Crime Drama'

Reported 7 months ago

Recently, South Korea has released a number of police-themed dramas, with one standout being 'Traffic Clash,' acclaimed as a dark horse for being the first to focus on 'traffic crimes' and garnering high viewership ratings, second only to the drama 'Law School.' The drama features a storyline where police officers are investigating traffic crimes rather than major criminal cases, with a unique portrayal of the police chief's son committing a crime. With a star-studded cast and collaboration with the Seoul Police, the drama has captivated audiences and achieved top ratings in its time slot.

Source: YAHOO

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王力宏登小巨蛋任金曲獎表演嘉賓,許淑華質疑是否夠格,批評破壞價值,呼籲文化部嚴格把關

Reported 7 months ago

王力宏將在第35屆金曲獎擔任表演嘉賓,引發正反論戰。台北市議員許淑華質疑他的選擇,強調金曲獎應該維護其價值;她指出金曲獎應注重多元文化元素,呼籲文化部把關,讓金曲獎成為台灣音樂圈的驕傲。

Source: YAHOO

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U.S. Open Round 1: Patrick Cantlay and Rory McIlroy Take Early Lead

Reported 7 months ago

The U.S. Open's Round 1 at Pinehurst No. 2 saw Patrick Cantlay and Rory McIlroy take the lead with 5-under 65s, while Scottie Scheffler finished 1-over, two shots off the lead. Bryson DeChambeau is tied for fourth at 3-under. Brooks Koepka struggled with a 4-over 74 and needs a strong performance on Friday to make the cut. The tournament promises an exciting weekend as players navigate the challenging course.

Source: YAHOO

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Work Accident at Sports Administration Office: Electric Shock Incident Resuscitates Worker with CPR

Reported 7 months ago

On June 13, 2024, in Taipei, a 74-year-old technician surnamed Chen was found unconscious after an electric shock incident while working on electrical problems at the Sports Administration Office. Colleagues promptly alerted authorities, who rushed to the scene and provided medical assistance. Chen was revived and taken to Taipei General Hospital, where doctors confirmed he was out of danger. Further investigation is needed to clarify the details and causes of the incident.

Source: YAHOO

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