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Taiwan’s PCSC expects fresh fruit, vegetable sales to grow 20%

TAIPEI: President Chain Store Corp (PCS) said its annual sales of fresh fruit and vegetables are expected to grow by 20 percent from a year earlier to NT$1.2 billion (US$38.55 million) this year on expanded collaboration with a Formosa Environmental Technology Corp’s organic farm. President Chain last month launched a special sales section for fruit and vegetable products at a ... Read More »

Taiwan notebook shipments down 16% in Q1 of 2015

Taiwan makers shipped about 31.62 million notebooks in the first quarter of 2015, decreasing 16% from a quarter earlier, the government-backed MIC (Market Intelligence and Consulting Institute) has estimated. The production value of the notebook industry will reach US$13.7 billion in the first quarter, down 15.6% from the previous quarter, MIC said.The notebook industry also saw its production value decline ... Read More »

Taiwan export orders jump 1.3% to $38.43bn: MOEA

TAIPEI: Taiwan’s export orders rose 1.3 percent annually to US$38.43 billion last month, as sluggish demand from China offset strong demand for handheld devices from the US and Europe, the Ministry of Economic Affairs (MOEA) said here the other day. That brought the export orders last quarter up 2.5 percent annually to US$107.36 billion, from US$104.7 billion, according to the ... Read More »

Taiwan, Swaziland sign MOU to combat human trafficking

TAIPEI: Taiwan and the Kingdom of Swaziland have signed a memorandum of understanding (MOU) to cooperate on anti-terrorism, immigration affairs and the prevention of human trafficking, Taiwan’s National Immigration Agency (NIA) said. The agreement will enable Taiwan and Swaziland to work closely within the confines of the law to jointly battle the cross-border issues of human trafficking, illegal immigration and ... Read More »

Taiwan tax revenue jumps 16.4% to NT$162.2bn

TAIPEI: The national treasury collected NT$162.2 billion (US$5.18 billion) in tax revenue last month, up 16.4 percent from a year earlier, as companies and individuals recorded income gains amid improved economic conditions, the Ministry of Finance said yesterday. Business income taxes totaled NT$3.8 billion last month, more than double a year earlier, while personal income taxes jumped 30 percent to ... Read More »

Taiwan’s CGA seizes 12,000 illicit orchids worth NT$5m

TAIPEI:  The Coast Guard Administration (CGA) seized around 12,000 lady’s slipper orchids worth an estimated NT$5 million (US$160,000) in Yunlin County that were smuggled into Taiwan from China, the agency said. The Coast Guard arrested a man surnamed Shen who is suspected of smuggling the orchids from Guangxi Province into Taiwan through express delivery services and mini-links ferry services between ... Read More »

Taiwan’s Nanya Technology revenue jumps to NT$3.97bn in Feb

TAIPEI: DRAM chipmaker Nanya Technology Corp reported a 2.86 percent rebound in revenue for last month on higher shipments, indicating that chip prices are stabilizing. Revenue rose to NT$4.08 billion (US$130.6 million) last month from NT$3.97 billion in February. Shipments rose 6.8 percent last month from February, offsetting a more than 3 percent decline in average selling prices, the Taoyuan-based ... Read More »

Taiwan’s Fubon Financial posts record NT$20.03b in Q1

TAIPEI: Fubon Financial Holding Co remained the most profitable financial services provider in Taiwan in the first three months of the year by posting a record-high net income of NT$20.03 billion (US$641.17 million). Net profit soared 44.48 percent from the same period last year, with earnings per share (EPS) in the first quarter standing at NT$1.96, also the highest among ... Read More »

Taiwan’s Largan revenue dips 37% to NT$10.57b

TAIPEI: Largan Precision Co Ltd, which supplies camera lens modules for Apple Inc’s iPhones posted a deeper-than-expected 37 percent decline in revenue for last quarter from the previous quarter — to NT$10.57 billion (US$337.7 million) — on seasonally weak demand. That was despite a strong increase of 50 percent in revenue last month to NT$3.92 billion, from February’s NT$2.62 billion, ... Read More »

Taiwan to donate three choppers to Honduras for eradicating drug smuggling

TAIPEI: Taiwan will donate three helicopters to its diplomatic ally Honduras in the coming days to bolster the latter’s crime-fighting capabilities, the Ministry of Foreign Affairs (MOFA) said here the other day. Speaking during a regular MOFA briefing, Antonio Yeh counselor to the ministry’s Department of Latin American and Caribbean Affairs, said the three decommissioned UH-1H helicopters have already arrived ... Read More »

Taiwan’s TransAsia Airways net income dips byNT$12.58m in 2014

TAIPEI: Despite being the only listed carrier in Taiwan to make profit last year, TransAsia Airways Corp saw its net income in the fourth quarter last year mark the lowest level in six quarters, reflecting the negative impact after a crash in Penghu in July last year. TNA, which primarily operates regional and cross-strait passenger routes, posted NT$304.91 million (US$9.74 ... Read More »

China’s ZPMC helps erect $100m new port in Taiwan

TAIPEI: A heavy-lift vessel belonging to Chinese state-owned ZPMC is reported to have been chartered by the Taiwanese government to transport construction materials to a $100m new port that it is building on the island of Tai Ping (also known as Itu Aba) in the South China Sea. The use of the vessel came about when it became apparent that ... Read More »

Taiwan manufacturing turnover jumps record 3.5% to $237.31bn

TAIPEI:  Taiwan’s manufacturing turnover rose by an annual 3.5 percent in 2014 to the highest annual level ever, but investment in fixed assets dropped 0.8 percent, according to statistics published on Monday by the Ministry of Economic Affairs (MOEA). In the fourth quarter of 2014 alone, the country’s manufacturing turnover was NT$7.4275 trillion (US$237.31 billion), a 2.3 percent year-on-year increase ... Read More »

Taiwan authorities seize 30,000 bottles of illicit wine

TAIPEI: Taiwanese authorities have seized 30,000 bottles of wine from an importer in New Taipei, which are thought to be bulk wine rebranded as top Bordeaux. As reported by The China Post, Taiwan’s Investigation Bureau estimates that the counterfeit wines have netted the company a profit of £2.1m over the past five years. The bureau received a tip that Tequila ... Read More »

Taiwan’s CTBC targets growth of insurance general assets to $31.09b

TAIPEI: CTBC Financial Holding Co aims to raise the general assets of its insurance business to NT$1 trillion (US$31.09 billion) in 2017 — a figure that would represent 25 percent of the financial holding firm’s total assets, a company executive said on Saturday. The general assets of CTBC Financial’s insurance business — mainly CTBC Life Insurance Co Ltd now total ... Read More »

Taiwan tax revenue falls 16.3% to NT$57.1 b in Feb

TAIPEI: February’s tax revenue fell 16.3 percent year-on-year to NT$57.1 billion, led by lower revenue in securities transactions, sales and land taxes, according to a Ministry of Finance report released here the other day. The Finance Ministry said the annual decrease is due partly to fewer working days, as Chinese New Year fell this year in mid-February. The local market ... Read More »

Taiwan’s TRI revenue exceeds NT$1 b in 2014

TAIPEI: Taiwan Textile Research Institute President Bai Chi-chung recently said that the TTRI will become more diverse internationally this year, through creating intelligent textile products and advanced development. Bai said that company revenue in 2014 exceeded NT$1 billion. The TTRI also made a new record in applying for patents, with 1,140 applications. Bai also said that 674 of the applications ... Read More »

First profitable year in three years: Taiwan’s Acer earns NT$1.79 b in 2014

TAIPEI: Acer Inc , the world’s No. 4 PC brand, swung into its first profitable year in three years last year after it  reported 0.5 percent sequential growth in net profit for last quarter here the other day. Net income totaled NT$1.79 billion (US$57.23 million) last year, or NT$0.66 per share, reversing 2013’s loss of NT$20.51 billion, according to a ... Read More »

Taiwan’s Hiwin profit jumps by 15.03% to NT$2.26 b in 2014

TAIPEI: Hiwin Technology Co, which produces linear guideways and ballscrews, said its net income rose 15.03 percent year-on-year to NT$2.26 billion (US$72.5 million) last year, or NT$9.16 per share, on the back of the rising demand for industrial automation. The company also announced the purchase — at a cost of more than NT$100 million — of a 41.93 percent stake ... Read More »

Earn NT$7.09 b: Taiwan’s Inventec profit hit by US solar tariffs in 2014

TAIPEI: Inventec Corp, a computer and mobile device manufacturer, reported a lower-than-expected profit for last year mainly due to weakness in its solar business. Net income totaled NT$7.09 billion (US$222.48 million) last year, or earnings per share of NT$1.98, compared with the previous year’s NT$7.07 billion. “The solar business was affected by the US government’s decision to impose anti-dumping tariffs ... Read More »