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Chunghwa Telecom Co aims to increase 3% revenue

TAIPEI: Chunghwa Telecom Co , the nation’s biggest telecoms operator, aims to increase its revenue by 3 percent annually over the next three years, benefiting from rapidly growing demand for video streaming and enterprise services after launching its high-speed 4G service. The growth goes against the industry’s trend, as the nation’s telecoms revenues have barely grown over the past five ... Read More »

TSMC to spend $2.2 billion on R&D to accelerate its technology development

TAIPEI: Taiwan Semiconductor Manufacturing Co here the other day said it planned to boost spending on research and development (R&D) this year by 16 percent to an all-time high of US$2.2 billion to accelerate its technology development. The company, which supplies chips to Apple Inc for its iPhone 6 series, said it had made efforts on new technologies, capacity expansions ... Read More »

Consumer confidence lost in Taiwan: Survey

TAIPEI: Consumer confidence weakened somewhat this month, reversing five months of uptick, as the nation’s soft economic showing dampened the public’s confidence in stock investments, a survey by National Central University showed here the other day. The consumer confidence index printed 91.64 this month, receding from a record high of 92.93 last month, dragged by shifting sentiments toward stock investment, ... Read More »

Taiwan industrial output growth slows to 1.06%

TAIPEI: Industrial production grew at a weaker-than-expected 1.06 percent annually to 106.37 last month, choked by sagging demand for PC-related goods and optical products, the Ministry of Economic Affairs said yesterday. “The industrial production index missed the ministry’s previous forecast of 3 percent annual growth, marking the weakest growth momentum in the past 14 months,” Department of Statistics Deputy Director-General ... Read More »

Asustek’s notebook shipments fall 24%, Acer’s drops by 12.8%

TAIPEI: Notebook computer shipments by Asustek Computer Inc and Acer Inc fell sharply in the first quarter, as depreciation of the euro and emerging market currencies hurt demand, Taipei-based market adviser TrendForce Corp reported. Volatility in the eurozone and emerging markets hit Asustek and Acer’s notebook sales because those markets are the major buyers of the companies’ devices, Trendforce said, ... Read More »

Taiwan’s Mercuries Life sees 24.8% jump in embedded value

TAIPEI: Mercuries Life Insurance Co said its embedded value (EV) reached NT$91.04 billion (US$2.98 billion) as of the end of last year, up 24.8 percent from NT$72.92 billion a year earlier. The updated figures translated into an industry-leading EV per share of NT$67.3 — based on the number of common shares in circulation — which translates to a 13.3 percent ... Read More »

Taiwan unemployment drops to 3.63% in April

TAIPEI: The nation’s unemployment rate dropped to 3.63 percent last month, the lowest in 15 years for April, as companies increased headcounts and people dissatisfied with earlier jobs rejoined the labor force after receiving their lunar year-end bonuses, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said here the other day. The latest jobless figure marked a 0.28 percentage point ... Read More »

Taiwan’s Neo Solar plans to invest $50m in power plant venture

TAIPEI: Neo Solar Power Corp, one of the nation’s largest solar cell makers, announced it had approved a plan to invest US$50 million in a joint venture to expand its presence in the solar power-plant market. A first in Asia, the joint venture is to operate as a “yield company,” Neo Solar said. A yield company is usually a publicly ... Read More »

Taiwan’s Elan Microelectronics expects 10% down in Q2 revenue

TAIPEI: Touch-pad controller chipmaker Elan Microelectronics Corp yesterday said its revenue could fall as much as 10 percent this quarter from last quarter, as demand slips ahead of the launch of Microsoft Corp’s new operating system. A weak euro would also hurt consumers’ purchasing power in Europe and take a toll on notebook computer sales to Elan’s customers, company spokesman ... Read More »

Taiwan export orders drop 4% to $37.32b last month

TAIPEI: The value of export orders dropped 4 percent annually to US$37.32 billion last month, as soft demand for handheld devices from China offset the demand for handheld devices from other regions, the Ministry of Economic Affairs said here the other day. This is the first time the nation’s export order values dropped annually since July 2013, the ministry said. ... Read More »

Taiwan’s Taishin International Bank to raise NT$6bn

TAIPEI: Taishin International Bank said it plans to raise NT$6 billion (US$195.82 million) from its parent company in September to shore up operational funding. The move to raise fresh funds comes as a significant amount of the bank’s capital is now tied up in its holdings of Chang Hwa Commercial Bank amid a legal battle between subsidiary Taishin Financial Holding ... Read More »

Taiwan gives 6 months to Alibaba to wind down Taobao’s operations

TAIPEI: Taiwan has given e-commerce giant Alibaba Group Holding Ltd six months to wind down its online marketplace Taobao’s operations on the island after it failed to apply for the permit required for a Chinese mainland company to do business there, Taipei authorities said here the other day. An official at Taiwan’s investment commission said a fine of NT$240,000 (US$7,896) ... Read More »

Hiwin Technologies Corp annual profit falls 3.55% due to foreign exchange loss

TAIPEI: Hiwin Technologies Corp, one of the nation’s major machine tool makers, yesterday posted a 3.55 percent annual decline in net profits for the last quarter due to foreign exchange loss, but the company expects growing demand for industrial automation to drive the next quarter’s business. Hiwin has received more orders this quarter due to surging labor costs in China, ... Read More »

Taiwan developers plan to launch NT$100bn worth of presale housing projects

TAIPEI: Developers and builders plan to launch more than NT$100 billion (US$3.27 billion) worth of presale housing projects over the next four weeks, on predictions the government is set to implement favorable policies to celebrate the anniversary of President Ying-jeou’s inauguration, online property researcher HouseFun said here the other day. Presale housing projects in northern Taiwan worth NT$107 billion are ... Read More »

Taiwan’s Hon Hai income swells 55.47% to NT$30.38b in Q1

TAIPEI: Hon Hai Precision Industry Co reported that its net income surged 55.47 percent year-on-year to NT$30.38 billion (US$992.42 million) last quarter, marking the highest profit for the January-March quarter in the company’s history. The iPhone assembler’s earnings results beat market expectations of NT$28.36 billion. Earnings per share were NT$2.05 last quarter, compared with NT$1.33 a year earlier, the company ... Read More »

Expatriate packages are lower in Taiwan as compare to other Asian countries

TAIPEI: The nation dropped a place to 12th in the latest ranking of expatriate pay packages in the Asia-Pacific region, a survey by consulting firm ECA International showed. In contrast, China rose to fourth, overtaking Hong Kong, the survey released on Thursday found. The cost of expatriate salary packages in Taiwan is among the lowest in the region, with an ... Read More »

Taiwan exports fall 11.7% to $23.49bn in April

TAIPEI: Exports fell by a deeper 11.7 percent to US$23.49 billion last month, following an 8.9 percent decline in March, as a lackluster global recovery weakened demand for electronic devices, while cheaper oil prices continued to depress non-technological shipments, the Ministry of Finance said here the other day. The slump in exports, the deepest in more than five years, indicated ... Read More »

Taiwan state-run firms to buy 7.7% stake in Taipei Financial Center Corp

TAIPEI: State-run financial institutions announced plans to buy a 7.7 percent stake in Taipei Financial Center Corp from Cathay Financial Holding Co, a deal that would expand the government’s majority stake in the Taipei 101 operator. The transaction, which still requires the approval of the Financial Supervisory Commission, would cost NT$2.79 billion (US$90.69 million), or NT$27.9 per share, the parties ... Read More »

Emirates to expand capacity on its Taipei-Dubai route by 20%

TAIPEI: Dubai-based airline Emirates said it will expand capacity on its Taipei-Dubai route by 20% starting Dec. 1 to meet increasing demand from Taiwan’s market. The carrier said it will use a two-class Boeing 777-300ER instead of a three-class Boeing 777-300ER on the flight, increasing capacity to 428 passengers or 74 more than at present. Emirates said it will also ... Read More »

Taiwan police nabbed ‘Ho’ brother for selling contraband marijuana

TAIPEI: Two brothers were arrested by Taipei police on April 30 on charges of manufacturing and selling narcotics at night clubs in Taipei, the Criminal Investigation Bureau has announced here th eother day. In a statement, the CIB said it had received tips earlier this year that the brothers, surnamed Ho, were selling marijuana at several night clubs in Taipei. ... Read More »