Business and Finance

2018 Creative Expo Taiwan opens in Taipei

Radio Taiwan International
Date: 2018-04-19

The 2018 Creative Expo Taiwan opened on Wednesday in Taipei. The five day event aims to promote Taiwan’s cultural and creative industry, and its spirit of innovation.

The 2018 Creative Expo Taiwan opened this week to a performance using modernized temple music. More than 500 exhibitors in the creative industry from 23 countries around the world are taking part in the event.    [FULL  STORY]

‘Internet celebrity’ makes top 10 dream jobs list in Taiwan: survey

The top three dream jobs are public servants, engineers, and online celebrities

Taiwan News 
Date: 2018/04/19
By: Huang Tzu-ti, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Making a living as an internet celebrity has emerged as the third

Photo from Pixabay

most-coveted job, following public servants and engineers, according to a new survey released by 1111 Job Bank.

The research, which saw 1,117 people aged 18 or older surveyed about their dream careers, was conducted between April 3 and 18.

The results indicate that 24.98% of the respondents wish to work as public servants, followed by the relatively high-paying engineering jobs (16.83%), online celebrities/bloggers (15.67%), guest house operators (14.68%), and chefs (13.79%).

It marks the first time cyberstars have made it to the top-10 dream job list, reported Central News Agency. The result can be attributed to the rise of the “internet celebrity economy” boosted by flourishing social networking business such as Instagram, Facebook, and YouTube, Daniel Lee (李大華), head of 1111 Job Bank’s career development and public relations division, was quoted as saying.    [FULL  STORY]

Facebook to continue pouring resources into Taiwan: local FB head

Focus Taiwan
Date: 2018/04/19
By: Wu Chia-hao and William Ye

Taipei, April 19 (CNA) Facebook will continue to pour resources into Taiwan this year as

Fei Yu (余怡慧)

it focuses on nurturing better community leaders, helping companies expand their business and cultivating technological talent, according to the head of Facebook’s operations in Taiwan and Hong Kong Thursday.

Fei Yu (余怡慧)

Speaking about the business outlook in Taiwan this year, Fei Yu (余怡慧) said the company’s mission is build on the power of online communities to make the world more open and connected.

Taiwan is a land full of opportunities, talented people and passion. It has good brands, products and services that merit more attention from the world. Therefore, local companies and businesses should think about how to attract views from around the world and raise awareness, she said.    [FULL  STORY]

TSMC lowers revenue growth forecast

CUSTOMER INTEREST: The company said that dwindling demand for premium smartphones should not derail its growth plan for its 7-nanometer technology

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

Contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday

From left, TSMC cochief executive officers C.C. Wei, Mark Liu, and the company’s chief financial officer Lora Ho are pictured at an investors’ conference in Taipei yesterday.  Photo: Liao Chen-huei, Taipei Times

trimmed its revenue growth forecast for this year to about 10 percent, citing a downward trend in high-end smartphone demand and volatile cryptocurrency mining activities.

The Hsinchu-based company in January estimated that revenue would rise by between 10 and 15 percent this year and said it aims for annual growth of 5 to 10 percent through 2010.

“China’s market is starting to pick up slowly in the smartphone segment, but high-end smartphone demand is still soft,” TSMC cochief executive officer C.C. Wei (魏哲家) said at an investors’ conference in Taipei.

However, dwindling demand for premium smartphones would not derail TSMC’s growth plan for its 7-nanometer (nm) technology, Wei said, adding that it is the most advanced chip manufacturing technology available.    [FULL  STORY]

Review of five Chinese steel products announced

Radio Taiwan International
Date: 2018-04-18

The economics minister, Shen Jong-chin, said Wednesday that the ministry will conduct a

Economics Minister Shen Jong-chin appears in this CNA photo taken Wednesday.

trade review of five Chinese steel products imported to Taiwan. The review will look for evidence of unfair subsidy and dumping practices and evaluate any harmful effects on local industry.

The move comes in response to the US announcement of steep tariffs on steel and aluminum imports. Taiwan is seeking exemption from these tariffs. Shen said his ministry hopes Washington will take note of Taiwan’s response. He also said the European Union is conducting a review of 26 steel products and Taiwan is therefore in step with the international community on this issue.

The ministry will first seek to establish if China has engaged in unfair subsidies or dumping of steel products. If this is the case, it will evaluate what harm may have been done to Taiwan’s steel industry as a result. The ministry will pass its findings to the finance ministry to determine what further steps should be taken, if any.   [FULL  STORY]

Taiwanese businessmen chair ABAC panel meetings in Tokyo

The wrap-up reports following the meetings will be sent to APEC leaders 

Taiwan News 
Date: 2018/04/18
By: Sophia Yang, Taiwan News, Staff Writer

TAIPEI (Taiwan News) –  The APEC Business Advisory Council (ABAC) hosted its second meeting of the year in Tokyo, Japan, which runs from April 16-19, with Taiwanese businessmen elected by the members to chair different working group meetings.

The meeting was attended by three Taiwanese business representatives including Chairman of I-Mei Foods Co. Henry Kao (高志尚), PChome Online Chairman Chan Hung-chih (詹宏志), and O-Bank Vice Chairperson Tina Lo (駱怡君).

Chan chaired a meeting of ABAC’s newly-established digital innovation working group, according to a Liberty Times report, and he also informed the members of the upcoming digital innovation forum to take place in Taiwan this coming July.    [FULL  STORY]

Qatar government bonds to be listed in Taiwan

Focus Taiwan
Date: 2018/04/18
By: Han Ting-ting and Kuan-lin Liu

Taipei, April 18 (CNA) Qatar government bonds will start trading over the counter on the

Image taken from Pixabay

Taipei Exchange (TPEx) on April 23, the exchange’s president said Wednesday.

Speaking at a press conference, Su Yu-ching (蘇郁卿) said that for the first time, foreign government bonds will be listed in Taiwan, based on new trading regulations that took effect on April 3.

When the bell rings at 9 a.m. Monday, US$6 billion worth of Qatar government bonds will open for trading, Su said, adding that it will be the biggest issue of foreign bonds in Taiwan.

The bonds have been issued for a 30-year term at a fixed interest rate of 5.103 percent and were underwritten by the Taiwan branches of Standard Chartered PLC and Deutsche Bank, he said.    [FULL  STORY]

Ex-TSMC engineer indicted for theft

HSINCHU CASE: The man allegedly copied information to take with him to a new job in China. He was charged with contravening the Trade Secrets Act and breach of trust

Taipei Times
Date: Apr 19, 2018
By: Lisa Wang  /  Staff reporter

A former Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) employee was indicted yesterday for theft of trade secrets linked to the chipmaker’s 28-nanometer process technology, the Hsinchu District Prosecutors’ Office said.

The engineer, surnamed Wu (吳), copied the technological information in September last year with the aim of taking the data with him to China when he took up a new job at CSMC Technologies Corp (華潤上華) in December, the office said in a news release.

“The engineer contravened the Trade Secrets Act (營業秘密法), as he intended to use and divulge the trade secrets he illegally copied in China,” the statement said.

Wu was also indicted for breach of trust, the office said.    [FULL  STORY]

NT dollar loses value four days in a row to hit three-month low

Formosa News
Date: 2018/04/17

In line with global market trends, the value of the NT dollar took a four-day slide ending Monday, hitting a three-month low yesterday against the greenback, after losing the value of 12% of an NT dollar in just one day. Though the NT rallied today, reaching 29.362, analysts say that its value is likely to keep falling.

The Taiwan dollar’s multi-day tumble ended in a one day drop of 12% of a dollar yesterday, closing at 29.425 against the greenback. Though the slide was checked today by a rally that brought the NT back up to 29.362, looking at global trends analysts believe new lows are on the horizon.    [FULL  STORY]

Japan’s StarFlyer airline to come to Taiwan in October

Regular flights between Taoyuan and Fukuoka, Kitakyushu and Nagoya of Japan are scheduled to be operated

Taiwan News 
Date: 2018/04/17
By: Juvina Lai, Taiwan News, Staff Writer

TAIPEI (Taiwan News) —  Starflyer, a Japanese airline, announced Tuesday that starting

Image from Starflyer’s official website

October of this year it will start operating regular direct flights between Taoyuan and three Japanese cities–Fukuoka, Kitakyushu, and Nagoya–with one flight each day. However, the official start date is yet to be announced by the company.

StarFlyer Inc. is a Japanese airline headquartered on the grounds of Kitakyushu Airport in Kitakyushu, Fukuoka Prefecture, Japan. The most attractive feature of their airplanes is that the body is characterized by black color with modern design and that its interior is quite spacious, local news reported.

The report also mentioned that the airline not only provides free meals, but also allows 20 kg of free checked baggage at a price similar to that of budget airlines. It also has LCD screens with sockets and USB ports for charging electronic devices as well as more spacious seating facility.     [FULL  STORY]