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Taiwan sees first rate cut in four years

Published

9 years ago

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Taipei: Taiwan cut its policy rate by 12.5 basis points as part of measures to stimulate growth after the island’s economic authority said it would be difficult to maintain the GDP growth rate above one percent this year.

Thursday’s rate cut was the first rate cut in four years as Taiwan’s latest economic data remained sluggish and its export-oriented economy is experiencing the sharpest contraction since the end of the 2008-09 global financial crisis, Xinhua news agency reported.

Taiwan’s banking supervisory body said the widening output gap, meaning the actual GDP is still below its potential even when the island is fully employed, is the main reason for the rate cut.

According to Taiwan’s statistics bureau, export orders registered the fifth consecutive monthly decline year-on-year and industrial production the fourth consecutive monthly drop year-on-year.

The bureau also reported the sixth consecutive month of drops in domestic commercial sales in August.

Following the rate cut, Taiwan’s rediscount rate has dropped to 1.75 percent, rate on accommodations with collateral to 2.12 percent and rate on accommodations without collateral to four percent.

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Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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