Taiwan CB leaves interest rate on hold
The central bank left the benchmark discount rate at 2 per cent, in line with predictions from a Reuters poll of 33 economists, who all expected the rate to be held steady.
The central bank slightly lowered its 2025 estimate for economic growth to 3.05 per cent from a forecast of 3.13 percent given in December.
Taiwan's economy grew 4.59 per cent in 2024.
This story is from the March 23, 2025 edition of Gulf Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the March 23, 2025 edition of Gulf Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Real manager Ancelotti to go on trial in tax fraud case
Real Madrid coach Carlo Ancelotti will go on trial next week for allegedly failing to declare income to Spain's tax office, the Madrid court which will hear the case said Friday.
Guardiola seeks redemption as City head to Bournemouth for FA Cup tie
LONDON: Pep Guardiola takes Manchester City back to Bournemouth in the FA Cup quarter-finals on Sunday hoping to avenge the defeat that sparked their stunning title collapse.
Atleti title hopes dashed after draw vs Espanyol, Sociedad down lowly Valladolid
Atletico Madrid's slim Spanish title hopes faded further with a disappointing I-I draw at Espanyol on Saturday in La Liga.
Bank of Korea reports strong profits last year
SEOUL: The Republic of Korea’s central bank said it logged the second-highest ever yearly net profit in 2024 thanks to robust income from securities trading and interest.
Dubai set to open new gold hub to boost $382b annual jewellery sale
Dubai, which has solidified its position as the world’s best destination for gold and diamond jewellery as well as its bullion trade, is in need of a new hub that should cater to growing consumer appetite amongst UAE residents and tourists, many of whom visit Dubai to buy gold and diamond jewellery for social occasions including festive shopping and weddings.
Protesting Ashas to cut hair to press their demands
TRIVANDRUM: Women community health workers on a sit-in before Kerala’s administrative headquarters, demanding better pay and dignity, will cut their hair when the protest enters its 50th day on Monday as the authorities continue to ignore them.
Winners of InnovAlte announced
DUBAI: The second edition of InnovAlte, UAE’s largest student-led National AI Hackathon successfully concluded its second edition with team ‘Machine Mindset’ from GEMS Wellington Academy - Silicon Oasis being declared the winner.
Salama reports growth in profitability
DUBAI: Islamic Arab Insurance Company (Salama), the UAE’s largest Takaful solutions provider, has announced its financial results for 2024, showcasing significant improvement in profitability while optimising its score sheet.
Democrats need more combative centrists for sure
Senate Minority Leader Chuck Schumer is under fire from progressives for not having a clear, plan for 2024. President Donald Trump faces relentless criticism — but for an entirely different reason: He doesn’t have a clear plan to help Senate Democrats regain a majority, for House Majority Leader Kevin McCarthy’s top priority is merely to govern.
Abu Dhabi lights up streets to celebrate Eid
ABU DHABI: The Abu Dhabi City Municipality has adorned the main and secondary streets, medians, and bridges within and outside Abu Dhabi island with thousands of illuminated structures, signs of festive greetings in celebration of Eid Al Fitr, and to spread joy throughout the community.
