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Taiwan export orders to fall for seventh month in a row

TAIPEI: The Ministry of Economic Affairs on Saturday said that it is to report a year-on-year decline in export orders last month for the seventh consecutive month, amid lingering weak global demand. The year-on-year decline reflects a relatively high comparison base created in October last year, when export orders totaled US$44.91 billion, up 13.4 percent from a year earlier, the ... Read More »

Asustek expects 10% growth in its Q4 sales

TAIPEI: Asustek Computer Inc yesterday said sales and shipments for this quarter might grow 10 percent from last quarter on the back of recovering demand. Fourth-quarter shipments of PC products are expected to reach 5.8 million units from 5.3 million units in the last quarter, chief financial officer Nick Wu told an investors’ conference. Shipments of mobile products are forecast ... Read More »

Inventec Corp’s net income jumps 6.59% to $59m in Q3

TAIPEI: Inventec Corp yesterday reported better-than-expected net income for last quarter, driven by strong demand for handheld devices and its solar power products. The company’s net income was NT$1.94 billion (US$59.05 million) last quarter, up 6.59 percent from last year’s NT$1.82 billion and 65.81 percent from NT$1.17 billion made in the prior quarter. The figures indicate Inventec’s most profitable quarter ... Read More »

Taiwan’s Sinyi Realty net profit dips 18% to $3.51m

TAIPEI: Sinyi Realty Inc, the nation’s only listed real-estate broker, saw its net profit fall 18 percent to NT$114.83 million (US$3.51 million) last quarter from a year earlier amid a sluggish housing market, and said the market might not be out of the woods any time soon. “The soft patch may extend into the current quarter and beyond, although transactions ... Read More »

TIER cuts forecast  for years’s GDP growth to 0.83%

TAIPEI: The Taiwan Institute of Economic Research (TIER) yesterday cut its forecast for GDP growth this year to 0.83 percent, from 3.11 percent projected in July, as private consumption failed to benefit from energy cost savings and exports falter amid a global economic slowdown. The Taipei-based think tank expects the nation’s export-oriented economy to fare better next year with a ... Read More »

Casetek Holdings net income rises 68.4% to $49m

TAIPEI: Casetek Holdings Ltd, which mainly supplies metal casings for Apple Inc, yesterday reported better-than-expected net profits for last quarter, thanks to strong demand for MacBook and iPad products. Net income rose 26.2 percent annually and 68.4 percent quarterly to NT$1.61 billion (US$49.2 million) last quarter, beating consensus estimates of NT$1.49 billion. “We expect sales this quarter to be flat ... Read More »

Taiwan’s TPK suffers loss of $595m

TAIPEI: TPK Holding Co, a major supplier of touchpanels for Apple Inc’s iPhone 6S and Watch, yesterday reported a quarterly loss of NT$19.39 billion (US$595 million) due to massive asset impairments. The company said it is undertaking a drastic restructuring as lackluster demand for touchscreen notebook computers has affected its factory utilization rate, leaving some of its equipment idle. TPK ... Read More »

Taiwan tenders to import 92,000 tons wheat of US

HAMBURG: The Taiwan Flour Millers’ Association has issued an international tender to purchase 92,000 tonnes of grade 1 milling wheat to be sourced from the United States, European traders said. The tender deadline is Nov. 10, they said. The wheat is sought in two consignments. One consignment of 39,650 tonnes is for shipment between Dec. 21 and Jan. 4 and ... Read More »

Police seizes 1.2kg heroin at Taiwan airport

TAIPEI: A woman has been arrested for smuggling heroin into Taiwan, aviation police at the Taiwan Taoyuan International Airport said. Police said the 38-year-old woman, surnamed Tian, was found to have 1,212 grams of heroin hidden in her underwear when she arrived from Vietnam aboard an EVA Air plane. Another man, also surnamed Tian, 23, who was accompanying her, and ... Read More »

Taiwan police arrest woman for smuggling heroin

TAIPEI: A woman has been arrested for smuggling heroin into Taiwan, aviation police at the Taiwan Taoyuan International Airport said. Police said the 38-year-old woman, surnamed Tian, was found to have 1,212 grams of heroin hidden in her underwear when she arrived from Vietnam aboard an EVA Air plane. Another man, also surnamed Tian, 23, who was accompanying her, and ... Read More »

Police arrest woman in heroin smuggling case

TAIPEI: A woman has been arrested for smuggling heroin into Taiwan, aviation police at the Taiwan Taoyuan International Airport said. Police said the 38-year-old woman, surnamed Tian, was found to have 1,212 grams of heroin hidden in her underwear when she arrived from Vietnam aboard an EVA Air plane. Another man, also surnamed Tian, 23, who was accompanying her, and ... Read More »

Taiwan police foil attempt to smuggle 1.2kg of heroin

TAIPEI: A woman has been arrested for smuggling heroin into Taiwan, aviation police at the Taiwan Taoyuan International Airport said yesterday. Police said the 38-year-old woman, surnamed Tian, was found to have 1,212 grams of heroin hidden in her underwear when she arrived from Vietnam aboard an EVA Air plane. Another man, also surnamed Tian, 23, who was accompanying her, ... Read More »

Innolux’s profit dips 35.6% to $105m in 3Q

TAIPEI: Innolux Corp, the world’s No. 3 LCD panel maker, yesterday said deteriorating demand would reduce its shipments of TV and PC panels by a high-single digit percentage this quarter. The average selling prices by unit of the company’s products are also set to drop by a high single-digit percentage this quarter, the Miaoli-based company said. The company’s downbeat outlook ... Read More »

Taiwan makers’ shipments of LCD TVs reach 9.26m in Q3 of 2015

TAIPEI: Taiwan makers’ shipments of LCD TVs reached 9.26 million in the third quarter of 2015, up 16.6% on quarter, according to Digitimes Research.The makers benefited from TV developments from Toshiba and Xiaomi, and also saw orders increase from various customers to meet peak demand. Shipments to customers in the US increased but orders to Mexico where makers were previously ... Read More »

Montana trade delegation visits Taiwan

TAIPEI: Governor Steve Bullock is leading a delegation of Montanans overseas on a trade mission to the Pacific Rim for the second time in as many years. Bullock and 16 other people are visiting Taiwan and South Korea with the delegation including folks from the agriculture and high-tech industries, as well as education. Bullock says a similar visit last year ... Read More »

Delta net income jumps by 1% to $180m

TAIPEI: Delta Electronics Inc yesterday reported a record profit last quarter, thanks to catalysts such as contributions from a newly acquired power system company and improved sales at its power management unit. However, the nation’s top power supply maker did not offer sales guidance for this quarter, citing a law banning financial forecasts before the completion of fundraising at the ... Read More »

Poya Co net income rises 35.7% to NT$279m

TAIPEI: Poya Co on Tuesday reported third-quarter results which were in line with market expectations. Net income rose 35.7 percent to NT$279 million (US$8.5 million), or NT$2.93 per share, from the previous quarter, while sales grew 7.3 percent quarter-on-quarter to NT$2.76 billion. Poya, which as of the end of last quarter operates 122 stores selling cosmetics and beauty products, personal ... Read More »

Guam Customs seizes 5g ice allegedly from Taiwan

TAIPEI: Guam Customs and Quarantine Agency officers at the A.B. Won Pat Guam International Airport Authority on Thursday seized 5 grams of ice allegedly brought in from Taiwan. Officers have forwarded the case to the Office of the Attorney General. According to Customs, officers detained a 26-year-old passenger, Yu-Lang Lin, who was arriving in Guam on a flight from Taipei ... Read More »

Coretronic Corp shuts down plant due to fall in iPad sales

TAIPEI: Coretronic Corp, a Taiwan-based company that manufactures panels for United States tech giant Apple Inc, is halting production at one of its mainland factories due to dwindling iPad sales. The plant, located in Nanjing, Jiangsu province, has stopped operations and filed applications to liquidate its assets, the National Business Daily said on Tuesday. The factory produces liquid crystal display ... Read More »

SinoPac to acquire two brokerages to bolster wealth

TAIPEI: SinoPac Securities Co on Friday said it is to acquire two brokerages in a bid to bolster its wealth management business in Taiwan and expand the operational scale of SinoPac Securities (Asia) Ltd, its Hong Kong-based subsidiary. SinoPac Securities plans to acquire BEA Wealth Management Services Taiwan Ltd for NT$375 million (US$11.53 million) and Tung Shing Holdings Co for ... Read More »