Business and Finance

Pharmaceutical R&D breakthroughs recognized

Radio Taiwan International
Date: 2018-07-20

The government has given awards to the top R&D breakthroughs in the field of pharmaceutical research.

The Food and Drug Administration (FDA) and the Industrial Development Bureau co-hosted the Pharmaceutical Technology Research and Development Award on Friday. The awards have been in existence for 17 years. They honor technological achievements by local pharmaceutical companies.
Nine companies were recognized this year. Awards included a successful improvement to the flu vaccine by Adimmune, and a new patent from Chunghwa Chemical Synthesis & Biotech that reduces the cost of multiple drugs.

An FDA official said Taiwan’s pharmaceutical companies possess world-class R&D capability and the government will continue to help them shine on the world stage in the future    [FULL  STORY]

5,500 Taiwanese companies to showcase their wares in Vietnam

Taiwan Expo 2018 to showcase the best of Taiwan’s technology and lifestyle companies in Ho Chi Minh City

Taiwan News 
Date: 2018/07/20
By: Scott Morgan, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – More than 5,500 Taiwanese technology, eco-friendly and

Taiwanese products on display. (Image courtesy of Taiwan Expo in Vietnam Facebook)

lifestyle companies will showcase their wares at the Taiwan Expo 2018 in Ho Chi Minh City from July 26 to 28.

The event will be split into eight themes: Digital Commerce, Green Products, Healthcare, Orchids, Smart City, Taiwan Bubble Tea, Taiwan Excellence, and Tourism.

The event will also have facilities for one-on-one meetings between suppliers and buyers, a showcase of Taiwanese startups, cultural performances and a showcase of Taiwanese medicine.

There will also be seminars on “Taiwan Excellence Smart Life” and “Future Trends of the Orchid Industry” according to Vietnam News.    [FULL  STORY]

Employees in rented accommodation spend 27 percent of income on rent

Focus Taiwan
Date: 2018/07/20
By: Tsai I-chu and Hsu Hsiao-ling

Taipei, July 20 (CNA) Salaried workers who live in rented accommodation in

CNA file photo

Taiwan spend about 27 percent of their income on average on rent, according to a poll released Friday by the 1111 Job Bank.

The poll respondents have an average monthly salary of NT$34,386 (US$1,122.50).

The respondents in Taipei spend an average NT$10,392 per month for their accommodation, the highest level among the six municipalities — Taipei, New Taipei, Taoyuan, Taichung, Tainan and Kaohsiung.

Among the six municipalities, Tainan has the cheapest rent, with respondents spending an average NT$6,000 per month, according to the poll.   [FULL  STORY]

Export orders flat last month

DOWNTREND: Last month signaled an end to 21 months of expansion as orders for technology-related products declined, but first-half orders still hit a record high

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

Export orders edged down 0.1 percent year-on-year to US$40.31 billion last month, mainly due to slower sales of information technology and communications (ICT) products, the Ministry of Economic Affairs said yesterday.

Last month’s figure ended 21 consecutive months of annual expansion and missed the ministry’s target.

Export orders for the first half of the year still reached a record-high US$238.44 billion, up 6.6 percent from the same period last year.

“Last month’s decline was mainly due to a drop in orders for technology-related products,” Department of Statistics Director-General Lin Lee-jen (林麗貞) said at a news conference.    [FULL  STORY]

Power use hits record high for July in Taiwan

Electricity consumption in Taiwan hit an all-time high for July at 36.705 million kilowatts on Thursday, July 19

Taiwan News  
Date: 2018/07/20
By:  Central News Agency

TAIPEI (CNA) — The soaring mercury pushed peak electricity consumption in

(By Central News Agency)

Taiwan to an all-time high for July of 36.705 million kilowatts on Thursday, according to state-run Taiwan Power Co. (Taipower).

The record high occurred at 1:50 p.m., and surpassed the previous highest for July of 36.46 million kW set the previous day, Taipower said, adding that it was also the third highest daily consumption ever recorded.

The two highest daily power consumption levels were 36.771 million kW and 36.713 million kW set on May 30 and May 31, respectively, Taipower data shows.

Cheng Yu-tsai (鄭有財), Taipower’s deputy superintendent for central coordination, said heat accumulated from continued days of high temperature has driven up electricity consumption.    [FULL  STORY]

Outstanding industry players recognized at Bio Taiwan 2018

Focus Taiwan
Date: 2018/07/19
By: Han Ting-ting and Evelyn Kao

Taipei, July 19 (CNA) CH Biotech R&D Co., and TaiGen Biotechnology Co. on

President Tsai Ing-wen (蔡英文, right)

Thursday received gold awards for their outstanding achievements in the biotechnology industry during the opening ceremony of Bio Taiwan 2018, Asia’s leading event for biotech industry, according to the event’s organizers.

Foresee Pharmaceuticals Co. and medical devices producer, Wiltrom Co. won the award for biotech companies with the greatest potential, while iXensor, SynCore Biotechnology Co., and TAHO Pharmaceuticals Ltd. clinched innovation awards.

TaiGen was rewarded for developing antibiotics that have been licensed for use in more than 30 countries and for completing a second-stage clinical trial of a new drug for hepatitis C. The company also plans to submit an application for its newly developed orally administered antiflu drug with the United States Food and Drug Administration’s Investigational New Drug (IND) program in 2019.
[FULL  STORY]

TSMC drops revenue growth forecast

RIGID GOAL: The chipmaker said that its objectives are unchanged, and it still expects to meet its five-year compound annual growth target of between 5 and 10 percent in 2021

Taipei Times
Date: Jul 20, 2018
By: Lisa Wang  /  Staff reporter

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies chips for Apple Inc’s iPhones, yesterday cut its revenue growth forecast for this year again, to less than 10 percent, as volatile bitcoin prices dampened demand for the chips used in cryptocurrency mining machines.

The latest downward adjustment came after TSMC reported a 19.5 percent contraction in net profit to NT$72.29 billion (US$2.36 billion) for the April-to-June quarter, compared with NT$89.79 billion in the first quarter. Net profit expanded 9.1 percent year-on-year from NT$66.27 billion.

At the beginning of this year, the Hsinchu-based chipmaker was aiming for a revenue growth rate of between 10 and 15 percent for this year.

However, a decrease in smartphone demand last quarter and the recent decline in cryptocurrency mining activity has prompted clients to cut orders, TSMC said.
[FULL  STORY]

Taiwan prepares for second Apple Store

New store looks like structure separate from nearby future department store

Taiwan News
Date: 2018/07/18
By: Matthew Strong, Taiwan News, Staff Writer

Taipei’s new Far Eastern Department Store (left) and what could be Taiwan’s second Apple Store (images from 9to5Mac twitter account).

TAIPEI (Taiwan News) – After the opening of Taiwan’s first Apple Store drew long lines at Taipei 101 last year, the U.S. computer giant is preparing to launch a second, independent shop close by, the Apple Daily reported Wednesday.

The media outlet based its prediction on a picture of the construction site in Taipei’s Xinyi shopping district which shows a white roof similar to the one at the Apple Michigan Avenue store in Chicago.

When Taiwan’s first Apple Store opened in June last year, it was housed in one large room inside the Taipei 101 shopping mall, but this time it will be a completely separate building, the Apple Daily reported.

The new structure is being erected on a plot of land designed as “A13,” next to the “A11” Shin Kong Mitsukoshi department store.

While the Apple Store looks like a separate structure, it stands on land designated for use by a new Far Eastern Department Store with its opening planned for 2019.
[FULL  STORY]

President chain opens second unmanned convenience store

Focus Taiwan
Date: 2018/07/18
By: Kuo Hsin-yi and Flor Wang 

Taipei, July 18 (CNA) President Chain Store Corporation (PCSC), the largest convenience store chain in Taiwan, opened its second unstaffed store in Taipei Monday, eying the tremendous profit potential of such stores.

The second X-STORE, located in the bustling Xinyi District, operates round the clock in a bid to cash in on the large crowds of white-collar workers and students there, said Hsu Yi- hsiung (許義雄), chief of the company’s project management department.

The new store allows customers to enter with a facial- recognition card or an icash 2.0 card and they can pay the bill with the icash 2.0 card in the checkout area after verifying their identity with the facial-recognition card at a human-free counter, Hsu said.

Inside the store, an intelligent ATM machine using finger vein and facial recognition technology offers multi-language services and allows customers to deposit small change and withdraw foreign currencies, Hsu noted.
[FULL  STORY]

Power demand hits new July record

HOT STUFF:Taipower recorded its the third-highest daily consumption figure of all time yesterday, as most counties in the west saw temperatures of more than 36°C

Taipei Times
Date: Jul 19, 2018
By: Kuo Chia-erh  /  Staff reporter

Swelteringly hot weather yesterday pushed the nation’s peak electricity consumption to 36.46 gigawatts (GW), setting a new July record, data compiled by Taiwan Power Co (Taipower, 台電) showed.

It was also the third-highest daily consumption figure of all time, after 36.77GW on May 30 and 36.71GW May 31, the state-run utility said.

Power demand peaked at 36.46GW at 1:44pm yesterday, with the operating reserve margin falling to 6.47 percent, Taipower data showed.

Most counties in western Taiwan experienced temperatures of more than 36°C at noon yesterday, with Yunlin County reaching the highest at 37.6°C, Central Weather Bureau data showed.    [FULL  STORY]