Business and Finance

MOEA announces household solar power production project

Focus Taiwan
Date: 2018/02/23
By: Huang Ya-chuan and Frances Huang

Taipei, Feb. 23 (CNA) The Ministry of Economic Affairs (MOEA) announced Friday a project to encourage households in Taiwan to install solar panels on the roofs of their homes.

Under the new measures, local governments will work with private sector firms which will organize households in designated areas and build solar panels for them in a bid to reach a fixed level of power production under the supervision of the ministry.

The MOEA said the project has designated three sizes for solar panel installation: 10-50 MW for several administrative districts in a single city or county, 1-10 MW for a single administrative district in a city or a county, and 0.5-1 MW for a township.

The minimum paid-in capital for operators interested in the power generation projects will be NT$300 million, NT$30 million and NT$10 million, respectively, to ensure programs run smoothly, the ministry added.    [FULL  STORY]

Chunghwa Telecom to build housing

SOCIAL WELFARE: In a 2006 report, the company said it had more than 400 hectares of idle land nationwide. As its revenue plunges, the revitalization move could help profits

Taipei Times
Date: Feb 24, 2018
By: Lisa Wang  /  Staff reporter

Chunghwa Telecom Co (CHT, 中華電信) yesterday said it plans to restart an asset rejuvenation program for a number of underutilized properties this year by converting them into social housing units.

The announcement represented a U-turn on the nation’s biggest telecom’s conservative stance over its idle properties at a time when the company is facing flagging revenue.

Chunghwa Telecom saw its revenue contract by 1.1 percent year-on-year to NT$227.55 billion (US$7.76 billion) last year, falling short of its estimate of NT$231 billion, attributable to a faster-than-expected decline in voice call services.

“Chunghwa Telecom owns immense assets with a big portion of them being underutilized for a long time. Those properties were only for telecom facilities in the past,” chairman David Cheng (鄭優) told a news conference yesterday.    [FULL  STORY]

Taipei among the 30 cities with the highest office rent

Taipei’s office rent has been ranked the 22nd most expensive around the world

Taiwan News 
Date: 2018/02/22
By: Maggie Huang, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Taipei’s office rent has been ranked the 22nd most expensive around the world according to new research from real estate website Commercial Café, citing a recent analysis of the world’s priciest office locations conducted by CBRE.
[FULL  STORY]

 

Japanese tour operator invests in Taiwan travel platform

Focus Taiwan
Date: 2018/02/22 
By: Wang Shu-fen and Ko Lin

Taipei, Feb. 22 (CNA) KKday, a Taiwanese travel e-commerce platform, announced on Thursday that it has received a new capital investment of US$10.5 million (NT$307 million) from one of the leading travel agencies in Japan in a strategic partnership aimed at providing a high quality and wide range of product offerings to consumers.

H.I.S. Co. Ltd. currently has branch offices in more than 130 cities globally, and is one of the leading travel agencies in Japan, according to KKday co-founder and CEO Ming Chen (陳明明).

“By utilizing H.I.S.’s global resources and integrating it with KKday’s strong marketing and big data programs, we will be able to change the in-destination travel operations model,” Chen said in a press statement.

The investment by the Japanese travel giant follows the injection of funds in KKday by companies in Singapore and Hong Kong last year.    [FULL  STORY]

HTC to merge US divisions, lay off staff

RESTRUCTURING: With revenue forecast to fall 13.05 percent year-on-year, the firm is realigning its US team, but had ‘nothing else to announce’ regarding layoffs elsewhere

Taipei Times
Date: Feb 23, 2018
By: Lauly Li  /  Staff reporter

HTC Corp (宏達電) yesterday confirmed that it plans to reduce the number of employees on its US team, as the company merges its smartphone and virtual reality (VR) divisions to centralize its organizational structure and resources.

The confirmation came one week after HTC president of smartphone and connected devices Chang Chia-lin (張嘉臨) announced his departure from the company.

“Today [yesterday] we announced a restructuring of the HTC smartphone business in North America … In doing so, there has been a reduction of some employee positions to realign the business and empower the teams to share more resources,” HTC said in a statement.    [FULL  STORY]

Chen Nan-kuang appointed central bank deputy governor

Focus Taiwan
Date: 2018/02/21
By: Yeh Su-ping and Flor Wang

Taipei, Feb. 21 (CNA) National Taiwan University (NTU) Professor Chen Nan-kuang (陳南

National Taiwan University Professor Chen Nan-kuang (陳南光)/image taken from Department of Economics, National Taiwan University website www.econ.ntu.edu.tw

光) is to succeed Yang Chin-long (楊金龍) as deputy governor of Taiwan’s central bank, the Presidential Office announced Wednesday.

Chen, 53, will fill the vacancy left by Yang, who has been appointed by President Tsai Ing-wen (蔡英文) to take over as central bank governor from Perng Fai-nan (彭淮南) on Feb. 26.

Chen, who currently serves in NTU’s department of economics, is specialized in macroeconomics and monetary economics.

Perng, the country’s longest-serving central bank governor since Feb. 25, 1998 who has retained the title as one of the world’s top-tier central bankers for 14 consecutive years, will retire the day before Yang assumes his new post.     [SOURCE]

TAIEX starts ‘new year’ with a bang

PLAYING CATCH-UP: After missing out on the US rally during the Lunar New Year holiday, investors in Taiwan sent the local index soaring nearly 300 points yesterday

Taipei Times
Date: Feb 22, 2018
By: Crystal Hsu  /  Staff reporter

The TAIEX yesterday rallied 2.81 percent, or 293.35 points, to close at 10,714.44, as

People dressed as “gods of fortune” to bring good luck to investors on the first business day after the Lunar New Year holidays hold up banners with Chinese blessings written on them in Taipei yesterday.  Photo: Fang Pin-chao, Taipei Times

investors rebuilt their positions to catch up with gains on Wall Street over the Lunar New Year holiday, traders said.

The Dow Jones industrial average picked up more than 700 points during the Lunar New Year break in Taiwan, despite a 254-point drop on Tuesday after disappointing earnings results from major US corporations, while pressure over interest rate hikes escalated.

“The rebound in the TAIEX might be sustainable as the global economy improves, although uncertainty over capital movements and a potential market correction remains,” Yuanta Securities Investment Consulting Co (元大投顧) senior manager Lee Cheng-yen (李政諺) said.

Yields on US 10-year bonds rose to 2.87 percent last week, driving fund managers to slash investment-grade corporate debts by US$2 billion and emerging market debts by US$2 billion, the worst capital flight in 60 and 64 weeks respectively, JPMorgan Asset Management Taiwan said.    [FULL  STORY]

Taiwan government encourage innovation through creative event and regulation sandbox

Taiwan government encourage enterprises to think out of the box and break through the restriction for innovation. At the same time, Small and Medium Enterprise Administration promote innovation regulatory sandbox through creative way in Taiwan natural gourmet banquet.

The News Lens
Date: 2018/02/21

In order to make Taiwan a better place to do business, Taiwan government attend to Taiwan natural gourmet banquet for promoting regulation sandbox to encourage more innovation to be tested in the market.

Over 80 representatives from investor, entrepreneurial representative and diplomatic representative join together through tasting Taiwan cuisines made from Social Enterprises and cooked by Mr. Larry Chen, Three-star Restaurant chef, before Chinese New Year.

Every dish brings an entrepreneur to make a presentation on the table instead of making presentation with PPT slides. The first dish is a gift box with red envelope to be representative of innovation regulatory sandbox, new policy by Small and Medium Enterprise Administration, MOEA.    [FULL  STORY]

Fulgent to see sales trampled due to strong currency

‘WORSE THAN EXPECTED’: The shoemaker’s performance last month fell short of analysts’ predictions, despite a traditional peak season, with sales falling 24.2 percent

Taipei Times
Date: Feb 21, 2018
By: Kuo Chia-erh  /  Staff reporter

Fulgent Sun Group (鈺齊國際), an outdoor footwear supplier to global brands such as Timberland, is this quarter expected to post a 15.1 percent quarterly decline in sales as a strong New Taiwan dollar might continue to weigh on the company’s revenue growth, Jih Sun Securities Investment Consulting Co (日盛投顧) said in a report earlier this month.

In light of the foreign-exchange factor, the brokerage said it has cut its sales estimate for Fulgent Sun to NT$2.33 billion (US$7.94 million) from the NT$2.74 billion it previously estimated.

The company posted sales of NT$2.75 billion for last quarter.

Net profit is expected to fall 1.5 percent quarter-on-quarter to NT$1.91 billion, Jih Sun said.    [FULL  STORY]

Economy to hold steady this quarter

SHIFTING TRENDS: Artificial intelligence and Internet of Things applications are to offset slowing demand for smartphones as the market becomes satiated, analysts said

Taipei Times
Date: Feb 21, 2018
By: Crystal Hsu  /  Staff reporter

Taiwan’s economy is likely to hold steady this quarter on the back of a favorable global landscape, but the outlook for private investment and consumption is dull, the Germany-based Ifo Institute said in its latest quarterly World Economic Survey.

The Munich-based institute arrived at the observations for the first quarter of this year after surveying 1,199 experts in 120 nations.

The confidence gauge for the global economic climate rose from 17.1 to 26 quarter-on-quarter, the highest in more than 10 years and the fifth consecutive increase, according to the survey released on Wednesday last week.

The rosy view might extend into the first half of the year with the six-month outlook gauge printing 23.9, up from 16.9 three months earlier, the survey said.    [FULL  STORY]