Aviva had earlier tried to exit from the Taiwan venture back in 2010 and 2012 but could not due to opposition from regulators

Taiwan News 
Date: 2017/10/15
By Juvina Lai, Taiwan News, Staff Writer

TAIPEI (Taiwan News)– After the financial crisis, British insurance

company Aviva claimed Taiwan has been relatively less profitable and therefore it decided to sell its 49 percent stake in a joint venture with Taiwan’s First Financial Holding.

Although the group itself refused to give any insight on the price it sold its stake for, the head of investor relations at its Taiwanese partner First Financial Holdings, Annie Lee, said Aviva sold its share in the venture First Aviva Life for just US$1 (NT$30.06).

The sale will allow Aviva to withdraw the capital from the joint venture and eventually withdraw from the Taiwan market in a decision made following low returns post financial crisis, as Lee told Reuters.    [FULL  STORY]

Focus Taiwan
Date: 2017/10/14
By: Frances Huang 

Taipei, Oct. 14 (CNA) Taiwan-based Innolux Corp. (群創) was the third biggest supplier of large-sized display screens in the world in the second quarter of the year, according to U.S.-based market information advisory firm International Data Corp. (IDC).

In a research report earlier in the week, IDC said Innolux held a 16.8 percent share of the global market for large-sized displays in the April-June period, which was the third biggest share and an increase from 16.1 percent in the same period of last year.

Second-quarter global shipments of large-sized screens totaled 200 million units, up 5.9 percent from a year earlier as major suppliers increased output, with Innolux accounting for 33.6 million units, the IDC data showed.    [FULL  STORY]

The China Post
Date: October 14, 2017
By: Jackson Chang, Tien Yu-pin and Frances Huang

TAIPEI (CNA) – The local semiconductor sector served as a driver to the upturn in the

Taiwan Capitalization Weighted Stock Index on the main board this week, boosting the overall market capitalization by almost 1.8 percent, according to the Taiwan Stock Exchange (TWSE).

Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the most heavily weighted stock in the local equity market, steamed ahead and led the gains of the semiconductor sector amid optimism toward the company’s outlook due to its lead over its peers in high-end technology development, data compiled by the TWSE showed.

During the week to Oct. 13, the market cap of the local main board rose about NT$560.46 billion or 1.79 percent from a week earlier to NT$31.94 trillion (US$1.06 trillion), while the market cap of the semiconductor sector gained NT$473.5 billion, the data indicated.    [FULL  STORY]

Radio Taiwan International
Date: 2017-10-13

Taiwan is not attempting to compete with China’s One Belt One Road Initiative. That’s

the word from Premier William Lai on Friday.

The premier was echoing remarks by President Tsai Ing-wen the previous day regarding the government’s New Southbound policy. The policy seeks to boost Taiwan’s trade and cultural ties with nations in Southeast and South Asia as well as Australia and New Zealand. Beijing’s One Belt One Road Initiative aims to create greater economic cooperation in Eurasia.

President Tsai said the two initiatives do not need to compete but may in fact be complementary. Premier Lai expanded on this, also mentioning the Regional Comprehensive Economic Partnership (RCEP), another China-led trade initiative.
[FULL  STORY]

Apple maps transit direction is now available in Taiwan

Taiwan News 
Date: 2017/10/13
By: Juvina Lai, Taiwan News, Staff Writer

TAIPEI (Taiwan News)– After hints that transit support should be made available for

Taiwan, Apple has finally added Taiwan to its transit directions in its app Maps with the new update.

Apple recently updated its map app and has added the feature of transit direction and data for Taiwan which was not available in the previous version of the app.

The app users can now select routes from public transportation when navigating across the country. Transit options are now available in Taipei, Kaohsiung and other major cities in Taiwan.

The app also provides support for Taiwan Railway and High Speed Rail as well as for subways like the Mass Rapid Transit systems in Taipei and Kaohsiung.
[FULL  STORY]

Focus Taiwan
Date: 2017/10/13
By: Chu Tse-wei and Kuan-lin Liu

Taipei, Oct. 13 (CNA) Sri Lankan police have apprehended two of the five suspects allegedly involved in the hacking of US$60 million from Taiwan’s Far Eastern International Bank earlier this month, according to an update from the Criminal Investigation Bureau (CIB) on Friday.

CIB section chief Chiu Shao-chou (邱紹洲) told reporters that two individuals of dual British and Sri Lankan citizenship have been apprehended by Sri Lankan police.

One of the suspects, identified as Janaka Chaminda Nammuni, was arrested on Oct. 6 while trying to withdraw the equivalent of NT$15.7 million (about US$520.000) from a bank in Sri Lanka.

The other, identified as Shalila Moonesinghe, chairman of national liquefied petroleum gas supplier Litro Gas, was arrested on Oct. 9 after allegedly transferring US$1.1 million from Far Eastern International Bank to his personal account, according to Sri Lankan media reports.    [FULL  STORY]

Focus Taiwan
Date: 2017/10/12
By: Liao Yu-yang and William Yen

Taipei, Oct. 12 (CNA) Taiwan’s Chinese National Federation of Industries and the

Federation of Indian Chambers of Commerce and Industry (FICCI) signed 21 letters of intent in Taipei Thursday to increase economic cooperation between the two countries.

The signing took place at the Taiwan-India Industrial Collaboration Summit which is being held on Thursday and Friday.

The event invited over 70 representatives from India, including Ajay Sawhney, secretary of India’s Ministry of Electronics & Information Technology and FICCI representative Manish Sharma.

Taiwan’s Deputy Economic Affairs Minister Kung Ming-hsin (龔明鑫) said at the event that India’s economic growth has exceeded an annual average of 7 percent in the last three years, while Taiwan is also trying to implement an industrial innovation plan. That combination, he said, allowed for great opportunities for cooperation between the two countries.    [FULL  STORY]