Business and Finance

Taiwan Pavilion shines at a luxury travel exhibition in India

The Taiwan Pavilion is the only exhibitor at the trade show to win two awards

Taiwan News 
Date: 2019/01/20
By: George Liao, Taiwan News, Staff Writer

Taiwan Visitors Association’s Singapore Office director Dr. Trust H.J. Lin (third from left)

TAIPEI (Taiwan News) – The Taiwan Pavilion was recognized with two awards at India’s leading trade show on business; meetings, incentives, conferences and exhibitions (MICE); and luxury travel, which took place on Jan. 18 and 19 in Delhi.

Business Luxury Travel Mart (BLTM) was held at the LEELA Ambience Convention Hotel. Taiwan’s Tourism Bureau had formulated a marketing strategy targeting the main theme of the bureau’s campaign for 2019 promoting Taiwan’s charming small towns to the top 2% of income earners in India, catering to their luxury shopping taste. The bureau also incorporated some of the tour packages that Taiwan’s tourism industry has been promoting by offering incentives.

The Taiwan Pavilion won “the best MICE product award” as well as “the best pavilion design award,” making it the only exhibitor at the trade show to win two awards.

This year’s BLTM gathered 150 plus exhibitors, and 250 plus hosted buyers from 11 countries and 13 Indian states.    [FULL  STORY]

Experts express concern over Huawei surpassing Apple

Focus Taiwan
Date: 2019/01/20
By: Jiang Ming-yan and William Yen

CNA file photo

Taipei, Jan. 20 (CNA) Experts have expressed concern of negative impact on the country’s manufactures as Taiwan-headquartered market research firm TrendForce said recently that China’s Huawei could overtake Apple Inc. this year to become the world’s second- largest smartphone maker.

Hua Nan Securities Investment Management Chairman David Chu (儲祥生) said some Taiwanese manufacturers have relatively close relationships with Apple and he speculated that if Huawei sales grow and Apple declines, it will have a negative impact on those Taiwanese companies.

Some of the companies that could be impacted include Hon Hai Precision Industry Co., B-Tek Technology Inc. and Catcher Technology C.o, as they accept relatively large orders from Apple, Chu pointed out.

According to a 2018 list of Apple’s supply chain, a total of 42 Taiwanese manufacturers were supplying the tech giant, including Largan Precision, Taiwan Semiconductor Manufacturing Co. and Compal Electronics.    [FULL  STORY]

FAT no longer accepting cryptocurrency purchases

MARKET DISRUPTION: The airline said the system gave people discounts of up to 55% on their tickets, which could force airlines to continuously lower their prices

Taipei Times
Date: Jan 21, 2019
By: Staff writer, with CNA

Far Eastern Air Transport Corp (FAT, 遠東航空) has voluntarily stopped accepting Airline and Life Networking Tokens (ALLN) — a cryptocurrency — for ticket purchases, due to concerns that doing so could disrupt the market order and lead to a race to the bottom, the Civil Aeronautics Administration (CAA) said on Friday.

FAT told the Central News Agency that it has stopped using the system, but made no public statement.

The ALLN system, developed by FAT’s parent company, Huafu Enterprise Holdings Ltd (樺福集團), offered passengers discounted tickets as low as 55 percent of the original price, the carrier said.

The system, which was introduced in August last year, has the potential to generate tickets below the regulated minimum price for domestic flight tickets, the CAA said.

Acer, Asustek see PC shipments fall in 2018: Gartner

The China Post
Jan. 20, 201918
By Jeffrey Wu and Frances Huang 

TAIPEI (CNA) — PC shipments of Taiwan-based Acer Inc. and Asustek Computer Inc. fell in 2018 in reflection of falling global demand, according to U.S.-based market information advisory firm Gartner Inc.

Data compiled by Gartner shows that Acer PC shipments totaled 15.73 million units in 2018, down 7.9 percent from a year earlier, to take a 6.1 percent share of the global market, compared with 6.5 percent in 2017.

Asustek PC shipments stood at 15.54 million units in 2018, down 13.5 percent from a year earlier, to take a 6.0 percent share of the global market. The 2017 market share of Asustek was 6.8 percent, Gartner said.

Last year, Acer overtook Asustek to serve as the fifth-largest PC brand in the global market, while Asustek took the sixth spot, the data indicates.    [FULL  STORY]

Taiwan exports honey oranges and cabbages to Singapore

Agricultural exports are part of Taiwan’s New Southbound Policy

Taiwan News
Date: 2019/01/19
By: Matthew Strong, Taiwan News, Staff Writer

Taiwanese honey oranges or ponkan available in Singapore. (By Central News Agency)

TAIPEI (Taiwan News) – Ahead of the Lunar New Year, Taiwan is exporting its “ponkan” honey oranges and cabbages to Singapore, a key destination for the government’s New Southbound Policy.

Since President Tsai Ing-wen (蔡英文) took office in May 2016, Taiwan has been promoting closer ties to the nations of South and Southeast Asia, as well as Australia and New Zealand.

The Council of Agriculture provided assistance earlier this year to ship one container full of local cabbages from Yunlin County to Singapore, where they should soon appear on supermarket shelves, the Central News Agency reported.

As the number of Singaporeans visiting Taiwan increased, more of them had started to appreciate the fragrant crispiness of the cabbage, according to officials. While supermarkets in the city-state sold cabbages from different countries, the Taiwanese product was highly competitive, CNA reported.    [FULL  STORY]

Foreign brokerages cut target prices for TSMC shares on Q1 caution

Focus Taiwan
Date: 2019/01/19
By: Jeffrey Wu and Frances Huang 

Taipei, Jan. 19 (CNA) Several foreign brokerages have cut their target prices for shares of Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, after the company gave weaker-than-expected sales guidance Thursday for the first quarter of this year.

In a research note, one Asian brokerage firm said that increasing weakness in global demand in recent months has prompted TSMC to issue a lower-than-expected sales forecast for the January-March period.

The falling demand boosted inventory levels in the global semiconductor industry, prompting TSMC to adjust its inventories, sending shipments lower in the first quarter.

As a result, the securities house has lowered its target price for TSMC shares to NT$254 (US$8.25) from NT$260, predicting that inventory adjustments could continue into the second quarter.    [FULL  STORY]

Taiwan owns four greatest strengths for startups: KPMG

The accounting firm indicates that rich talent, strong intellectual property laws, well-established supply chain in electronics, and good geographic location make Taiwan an ideal environment for startups

Taiwan News
Date: 2019/01/18
By: Sophia Yang, Taiwan News, Staff Writer

Taipei 101 (By Taiwan News)

TAIPEI (Taiwan News) – The government of Taiwan has been dedicated to creating a business-friendly environment for startups, and today a global accounting and consulting firm named four strengths that make the country primed for startup success.

In a startup seminar on Friday, KPMG’s innovation and startups service team leader Daisy Kuo (郭冠纓) indicated that rich talent, strong intellectual property laws, well-established supply chain in electronics, and good geographic location make Taiwan a little bit easier to get off the ground.

Kuo said that the country has a rich and high-value talent pool in IT, ICT, cultural & creative, and medical sectors. Also, the costs of going public are far lower than other markets. She took Hong Kong and the United States as examples, saying the costs of an IPO is NT$20-24 million in Hong Kong and over NT$100 million in the U.S., which are twofold and tenfold higher, respectively, than in Taiwan.

These strengths have made Taiwan an attractive destination for some startups outside the country, she added.    [FULL  STORY]

Former economics minister chosen as new TIER chairman

Focus Taiwan
Date: 2019/01/18
By: Pan Tzi-yu and Ko Lin

Wang Chih-kang (王志剛/CNA file photo)

Taipei, Jan. 18 (CNA) Wang Chih-kang (王志剛), a former economics minister, was named Friday to succeed the late Chiang Pin-kung (江丙坤) as chairman of the Taiwan Institute of Economic Research (TIER), one of the country’s leading think tanks.

Chiang, who also served as chairman of the Straits Exchange Foundation (SEF) from 2008 to 2012, died on Dec. 10, 2018 of multiple organ failure at Mackay Memorial Hospital in Taipei.

The TIER’s top position had been vacant since his death.

Wang, who is currently chairman of CTBC Venture Capital, a subsidiary of CTBC Financial Holding Co., was chosen by TIER’s board of directors in a meeting held Friday.

Acer Inc bullish on gaming revenue

ENTERPRISE SEGMENT: The company plans to expand its sales channels to reach more small and medium-sized businesses, and deepen relations with large organizations

Taipei Times
Date: Jan 19, 2019
By: Ted Chen  /  Staff reporter

PC maker Acer Inc (宏碁) expects to maintain its strong position in Asian markets this year

A model holds the latest model in Acer Inc’s Swift notebook series, the Swift 7, which is 8.98mm thick and weighs 1.1kg, at a news conference in Taipei yesterday.  Photo: CNA

despite rising headwinds, a company executive said yesterday.

Annual growth momentum of the global PC gaming market is not expected to continue at last year’s pace of between 30 and 40 percent, but rather drop to little more than 10 percent this year, Acer Asia-Pacific regional president Andrew Hou (侯知遠) was quoted as saying in a report by the Central News Agency (CNA).

Ongoing shortages of Intel Corp processors and the US-China trade dispute would continue to drag on growth, while the gaming segment would see heightened competition as rival gaming brands offer more complete product lines, Hou said.

Acer, which saw revenue contribution from its global gaming division rise 70 percent year-on-year last year, expects the lucrative segment to grow 50 percent this year, backed by the brand’s growing strength among gamers, he said.    [FULL  STORY]

U.S. dollar closes higher on Taipei forex market

Focus Taiwan
Date: 2019/01/17
By: Frances Huang
Taipei, Jan. 17 (CNA) The U.S. dollar rose against the Taiwan dollar Thursday, gaining NT$0.021 to close at NT$30.852.

Turnover totaled US$591 million during the trading session.

The greenback opened at NT$30.839, and moved between NT$30.813 and NT$30.853 before the close.     [SOURCE]