The airline has procured 17 A350 wide-body passenger planes

Taiwan News
Date: 2019/06/15
By: Huang Tzu-ti, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Taipei-headquartered StarLux Airlines (星宇航空) announced plans to operate its first flights in January 2020, with tickets available as early as December.

The company is working on flight scheduling, and the first three rented A321neo aircraft will be put in place before they take off on the same day for the service launch in January. One of the A321 aircraft will be piloted by Chairman Chang Kuo-wei (張國煒) himself upon delivery, a former pilot and chairman at EVA Airways.

The planned destinations will be located in Southeast Asia and probably Macau, StarLux spokesman Nieh Kuo-wei (聶國維) was quoted by Central News Agency as saying. Tickets are expected to become available in December, after the airline obtains an air operator certificate (AOC) issued by the Civil Aeronautics Administration (CAA), Nieh added.

StarLux has recruited over 500 employees including 120 flight attendants. At least 27 pilots are currently or to be trained in the U.S. this year, and the company has also started recruiting experienced pilots since May, said the report.    [FULL  STORY]

Focus Taiwan
Date: 2019/06/16
By: Wu Chia-jung, Han Ting-ting and Emerson Lim

Taipei, June 16 (CNA) Taiwan's two major fuel suppliers announced small hikes in fuel prices in the coming week after global crude prices rose amid tensions in the Middle East.

CPC Corp., Taiwan will raise its gasoline and diesel prices by NT$0.10 per liter starting midnight Sunday, the state-run oil refiner announced.

Following the adjustment, retail prices at CPC gas stations will be NT$27.00 (US$0.85) per liter for 92 octane unleaded, NT$28.50 per liter for 95 octane unleaded, NT$30.50 per liter for 98 octane unleaded, and NT$24.90 per liter for super diesel.

CPC cited the consensus among Organization of the Petroleum Exporting Countries (OPEC) members to extend their agreement to cut oil output and the recent attacks on two oil tankers in the Gulf of Oman as factors pushing global crude prices higher this past week.    [FULL  STORY]

Acer chairman and CEO did not specify locations

Taiwan News
Date: 2019/06/14
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Taiwanese computer maker Acer Inc. (宏碁) has started testing production outside of China in other to avoid the impact of the communist country’s trade war with the United States, company managers said Friday (June 14).

Acer Chairman and CEO Jason Chen (陳俊聖) did not specify where the new production sites were situated, but he emphasized the company would not concentrate its manufacturing in just one country, the Central News Agency reported.    [FULL  STORY]

Focus Taiwan
Date: 2019/06/14
By: Lin Meng-ju and Frances Huang

Taipei, June 14 (CNA) State-owned oil supplier CPC Corp., Taiwan, said Friday that an "attack" in the Gulf of Oman Thursday on a tanker the company chartered to deliver naphtha is expected to result in losses of about NT$8 million (US$253,968).

The preliminary assessment was made by the oil supplier after taking insurance payments into account, CPC Vice President Chiu Chia-shou (邱家首) said, adding that the "attack" would not have a major impact on the company's operations.

The Front Altair, which was charted by CPC to carry 75,000 tons of n3aphtha worth US$34 million, was one of two tankers hit by unknown objects from an unidentified source resulting in the vessel catching fire in an area near the United Arab Emirates.

The 23 non-Taiwanese crew members on the Front Altair, which is registered in the Marshall Islands, were rescued by another cargo ship in the area, the Hyundai Dubai.    [FULL  STORY]

25 percent of Foxconn's production capacity is outside of China

Taiwan News
Date: 2019/06/12
By: George Liao, Taiwan News, Staff Writer

TAIPEI (Taiwan News) — Hon Hai Precision Industry Co., more commonly referred to as Foxconn, said on Tuesday (June 11) that it's capable of moving iPhone production completely outside of China should the US-China trade war spin out of control, Liberty Times reported on Wednesday (June 12).

Foxconn is Apple’s biggest iPhone assembly partner.

The company’s statement came after the trade war between the U.S. and China showed signs of deepening, and media reports that Apple could pull iPhone production out of china if the trade war continues to escalate.

US President Donald Trump recently threatened to move forward with a plan to impose tariffs on about US$300 billion worth of additional goods from China after having increased the tariff rate on more than US$200 billion worth of Chinese goods from 10% to 25% last month.    [FULL  STORY]

Focus Taiwan
Date: 2019/06/12
By: Frances Huang

Taipei, June 12 (CNA) Shares in Taiwan closed little changed Wednesday as gains in the electronics sector offset losses suffered by financial stocks to keep the market above the 10,600-point mark, dealers said.

Escalating trade tensions between United States and China continued to haunt market sentiment, driving many investors to the sidelines and again limiting daily turnover, they said.

The weighted index on the Taiwan Stock Exchange (TWSE), the Taiex, ended up 7.90 points, or 0.07 percent, at 10,615.66, after moving between 10,566.37 and 10,630.69, on turnover of NT$100.89 billion (US$3.21 billion).

The market opened down 2.01 points and fell to the day's low in the middle of the morning after the Dow Jones Industrial Average closed down 0.05 percent overnight, stopping a six-session winning streak, dealers said.    [FULL  STORY]

RELOCATION: As part of its move out of China, the company is mulling expanding back home or in other countries such as Malaysia in light of the US-China dispute

Taipei Times
Date: Jun 13, 2019
By:: Natasha Li  /  Staff reporter

Contract electronics manufacturer Wistron Corp (緯創) yesterday said that it aims to set up a production

facility in the US as the trade dispute between Washington and Beijing rages on.

“We sell one-third of our products in the US,” Wistron chairman Simon Lin (林憲銘) said at the annual shareholders’ meeting in Taipei, adding that the company is seeking to move one-third of its production out of China.

“We already have a site on the [US] west coast, but it is more oriented toward PM [product management], R&D [research and development] and sales,” Lin said.

The company also has an after-sales service center in Dallas, Texas, but it is equally unsuitable for production, he said.    [FULL  STORY]