TAIWAN: CLOSING WRAP, 10Jun2013

TWSE gains ground up 0.86%; The Philippines an expert on food safety; Toxic soy products in Taipei; TSMC reported May figures; Here’s what you missed today.

Philippines bans 15 Taiwanese food products

When the Philippines bans your food products you know you have a problem.

TAIWAN: BEFORE THE OPEN, 06Jun2013

Boom times in Taiwanese property, factory transactions up, and foreign capital flocking; Taipower crushed by energy prices; Cathay Financial hits the bid; Hide and go seek at the FDA; Made in China, Taiwan exports; Foxconn changes Chinese name; Here’s what you need to know pre open.

FDA knew of acid starch in Febuary

Hiding only makes the situation worse.

From The China Post:

According to a local report, the FDA received a report on starch products containing maleic acid in February, but Kang allegedly hid the information and waited until May 14 to announce the list of products made with tainted starch.