Focus Taiwan
Date: 2016/11/22
By: Tien Yu-pin and Frances Huang

Taipei, Nov. 22 (CNA) Yulon Nissan Motor Co. (裕日車), a subsidiary of Yulon Group (裕隆集團), a

leading auto maker in Taiwan, said on Tuesday that it expects about 420,000 cars to be sold in the local market in 2016, up 9,000 units from a year earlier.

At an investor conference, Tsay Wen-rong (蔡文榮) said that despite the lack of any significant improvement in the local and global economy this year, the domestic car market is expected to continue to benefit from the government’s purchase subsidy program.

Tsay said that with international crude oil prices remaining low, local consumers have become more willing to drive on their own and buy new cars, which could further boost the auto market.

In the first 10 months of this year, a total of 352,000 cars were sold in Taiwan, an increase of 4.8 percent from the previous year, with more than 35,000 units sold in October, up 12.1 percent from a year earlier.    [FULL  STORY]

The China Post
Date: November 23, 2016
By: Sun Hsin Hsuan

Sixty-five years after its founding, TransAsia Airways announced Tuesday that its board had decided to

dissolve the company and to cease all flights.

TransAsia Airways Chairman Vincent Lin yesterday apologized to company staff in an emotional statement at a press conference.

“The dissolution of the company is a painful decision,” Lin said.

“We have tried to find domestic and international agencies, partners, and even new operation teams to help reverse the outcome, but regrettably, none of the solutions worked.”

The company suffered two of the country’s most deadly crashes in 2014 and 2015 and has not made a profit since, according to the chairman.

Since this January, the company has lost NT$200 million to NT$300 million every month.    [FULL  STORY]

How can Taiwan’s sporting goods companies adopt the practices of Industry 4.0 pioneers in Taiwan and abroad?

The News Lens
Date: 2016/11/22
By: David Green

Taiwan’s smart machinery manufacturers are missing an opportunity to build markets in their own

backyard, as evidenced by the disconnection and confusion felt around this year’s World Federation of Sporting Goods Industry (WFSGI) Manufacturers Forum in Taichung, central Taiwan, last week.

The 200-plus strong delegate of the forum, drawn from Taiwan’s leading sporting goods manufacturers and the brands they supply, had themselves selected Industry 4.0 as the topic for discussion at this year’s meeting, hoping to take advantage of the efficiencies, insights and predictive models that automated production lines and big data are providing industries like autos and electronics.

A question from the floor to Delta Electronics’ speaker Andy Liu (劉佳容) captured why they were there. “Has Delta worked with any textile industry clients and if so can you share something of the process and your experience?”    [FULL  STORY]

Taiwan Today
Date: November 21, 2016

Taiwan and the U.S. announced the intention to jointly support the establishment of a subfund on

women and the economy under the Asia-Pacific Economic Cooperation, according to James Soong, representative of President Tsai Ing-wen, at the APEC Economic Leaders’ Meeting Nov. 18 in Lima, Peru.

The initiative, which was revealed by Soong and U.S. Secretary of State John Kerry at a breakfast function marking the fifth anniversary of the San Francisco Declaration on Women and the Economy, will enable APEC’s 21 members to apply for funding to support new or existing projects on women’s economic empowerment.

The subfund, created on the basis of mutual trust between Taipei and Washington, is another concrete example of Taiwan’s meaningful participation in and contribution to the international community, the Ministry of Foreign Affairs said.

Soong also took the opportunity to update function attendees such as Mercedes Rosalba Araoz Fernandez, second vice president of Peru, and Scott Price, chairman of the U.S. National Center for APEC, on Taiwan’s efforts unlocking the full economic potential of women and ensuring their integration in the regional economy.    [FULL  STORY]

Focus Taiwan
Date: 2016/11/21
By: Frances Huang

Taipei, Nov. 21 (CNA) The U.S. dollar fell against the Taiwan dollar Monday, shedding NT$0.010 to close at NT$32.000 as traders here locked in the gains they had built in the U.S. unit in recent sessions, dealers said.

The U.S. dollar losses, however, were limited by the weakness of other regional currencies, while more foreign institutional selling in the local equity market also lent some support to the U.S. currency, dealers said.

The greenback opened at the day’s high of NT$32.009 and moved to a low of NT$31.920 before rebounding. Turnover totaled US$503 million during the trading session.

Soon after the local foreign exchange market opened, the U.S. dollar faced some downward pressure as the Taiwan dollar staged a mild technical rebound from a recent slump.    [FULL  STORY]

About one fourth of workers with college or higher education earning less than NT$30,000

Taiwan News
Date: 2016/11/20
By: George Liao, Taiwan News, Staff Writer

A private think tank in Taiwan said on Sunday that the base of “the young poor group” has been on

the increase in Taiwan in the last 10 years, with about 33 percent of workers over 30 years old currently making less than NT$30,000 (about US$ 935) a month.

The Taiwan Institute of Economic Research (TIER) analyzed the government’s manpower utilization reports over the last 10 years and found that in 2005, 28.6 percent of workers 30 to 34 years old earned a salary of between NT$20,000 and NT$29,999, but the group grew to 35 percent after 10 years, indicating that young people’s salaries have retreated and more and more young people in Taiwan have become poor over the years.

The TIER also found that the salaries of young and middle-aged workers have also dwindled over the last 10 years. According to statistics, the number of Taiwanese workers over 30 whose salaries are between NT$40,000 and NT$59,999 fell one to two percentage points compared with that of 2005, and only professionals, business supervisors and managers make more than NT$60,000 a month.

In addition, in 2005, about one third of workers with college or higher education earned a salary of between NT$30,000 and NT$39,999, which has not changed much over the 10 years; however, the same demographic group making only NT$20,000 to NT$29,999 increased three percentage points, resulting in about one fourth of workers with college or higher education earning less than NT$30,000.    [FULL  STORY]