Business and Finance

Wistron in new iPhone chain: sources

SHIPPING IN AUGUST:A source said that Wistron Corp has prepared adequate production capacity for the new iPhone model and has started to recruit workers

Taipei Times
Date: May 19, 2016
By: Lauly Li / Staff reporter

Wistron Corp (緯創) has reportedly been selected to become part of the supply chain for Apple Inc’s next-generation, larger iPhone and is expected to start shipping the product from August, sources said.

A new smaller-sized iPhone is to be assembled by Pegatron Corp (和碩) and Hon Hai Precision Industry Co (鴻海精密), while a new larger-sized model is to be manufactured by Hon Hai and Wistron, the sources told the Taipei Times.

Previously, Wistron helped assemble Apple’s iPhone 5C and iPhone 6 Plus, according to people who are familiar with the matter.

However, its participation in the assembly for the new iPhone in the second half of this year is the first time that Wistron is ramping up production at the same time as other suppliers, the sources said.     [FULL  STORY]

Taiwan budget carriers closely watching new regional alliance

Focus Taiwan
Date: 2016/05/17
By: Wang Shu-fen and Kay Liu

Taipei, May 17 (CNA) Taiwan’s two budget carriers — Tigerair Taiwan and V Air — said they are

The launch ceremony of the Value alliance in Singapore. (Photo courtesy of Scoot)

The launch ceremony of the Value alliance in Singapore. (Photo courtesy of Scoot)

closely watching the development of an alliance created Monday by eight of their low-cost counterparts in the region.

Eight low-cost carriers in Asia and Australia announced in Singapore the establishment of the Value Alliance, with the aim of offering one-stop booking by the end of the year.

The eight carriers are Tigerair Singapore, Tigerair Australia, Cebu Pacific of the Philippines, South Korea’s Jeju Air, Thai-based Nok Air and NokScoot, Singapore-based Scoot and Japan’s Vanilla Air.

The alliance said passengers will be able to book through a new online platform developed by United Kingdom-based Air Black Box, and pay one fee for flights booked with its member carriers, compared with the fees currently charged separately by different carriers through their respective websites.   [FULL  STORY]

Hiwin says robots may turn H2 profit

CHINA INITIATIVE:The firm expects to benefit from growing automation demand in China. It said its medical robots have gained approval in China, Taiwan and the EU

Taipei Times
Date: May 18, 2016
By: Aileen Chuang / Staff reporter

Leading machinery maker Hiwin Technologies Co (上銀科技) yesterday said its industrial robot segment might see profit contribution in the second half of this year amid growing demand for automation in China.

“The China Manufacturing 2025 initiative is driving an industrial demand for transformation and upgrading, which we can take advantage of,” Hiwin chairman Eric Chuo (卓永財) said at an investors’ conference in Taipei.

While the firm’s robot business has not yet reached the scale of economy it needs to become profitable, with revenue contributing only 6 percent to the company’s total revenue in the first quarter, and the introduction of Hiwin robotic products to Chinese companies took more time than he had expected, Chuo said the company could see further progress in the robot business over the next two quarters, due to help from local system integrators and its own production allocation.

Hiwin’s medical robots have earned regulatory approval in China, Taiwan and Europe, Chuo said, adding that the firm has sold 10 units of lower limb rehabilitation machines to China and is hoping to ship 20 more units this year.     [FULL  STORY]

Energized to Cover the “Last Mile” in Taiwan

Eye On Taiwan
Date: May 18, 2016
By: David Wang

While debatable but Skyway Lu may be the type of man who is cut out to promote not only a line of electric personal transporters to cover the “last mile” but also envision a 20160517_105233more commuter-friendly future for Taipei, parts of which are notorious for lacking sufficient parking spaces for residents and commuting workers.

Pictured proudly on an e-hover board in front of the banner hung adjacent the retailer Rider Techjoy at the former Flora Expo site at the corner of Min-Zu and Zhong-Shan Rds., Skyway, while tinkering with one of the e-transporters, spoke at length about the ins and outs of the fledgling business that he curtly describes as being the Wild, Wild West.

The “last mile” incidentally is the term given by urban planners typically designating the distance between a terminal station of public transport or one’s parked car and one’s destination, which may be office, shopping mall, uncle Tom’s home, or a Home Depot (or B&Q in Taiwan) outlet.

A self-described man with joie de vivre or passion for life, Skyway also candidly admitted to being a hotdog of sorts who has indulged his adventurous spirit to have tried auto racing in Pingtung in southern Taiwan and triathlon.

With educational background in information technology, Skyway has always been drawn to electric personal transporters as electric unicycles, scooters, hover boards, a variety of which are sold by Rider Techjoy as non-exclusive agent in Taiwan.

The man is a blogger on Facebook where his followers read his evaluations of all kinds of electromechanical products as e-personal transporters. Perhaps being candid to a fault, Skyway conceded that he is not the type of salesman usually preferred by businesses, which would only pay for positive reviews or ones specially spun for public relation or promotional purposes. But such scathing honesty apparently did not deter Kaifu from following Skyway’s blogs that eventually grew into their boss-employee relationship.

Established in 2014 and without the history-changing path taken by Elon Musk, Rider Techjoy came about because Kaifu Chen was looking for a new business venture after failing in his hotpot diner. After spotting an e-unicycle online, Kaifu was sufficiently motivated to fly to Beijing to negotiate with the supplier.

I am still working in probation but we’re talking about a potential partnership, said Skyway of Kaifu’s newly-found business.

There is plentiful market potential for e-personal transporters in Taipei and even Taiwan, said Skyway, who thinks, echoing the sentiment of most Taipei residents, that shortage of parking spaces in the city results in the perfect market for Rider Techjoy, and that the ample spaces in southern Taiwan, coupled with relatively less public transport, is also ripe for e-personal transporters.

You have to pay to take a bicycle onto a train in Taipei that makes the commute from home to work even more expensive than riding my motor scooter…that just contradicts the government’s effort to promote green transport…but you can easily carry this e-unicycle onto a train and MRT to cover the “last mile,” said Skyway, who also believes Rider Techjoy’s e-personal transporters are suitable for businesses with expansive premises as huge factories that call for green portable transporters to ferry personnel on inspections, errands.

Rider Techjoy’s innocuous line of e-personal transporters can cover pavement at up to 25kph or over quadruple the speed of walking.

Skyway even envisions e-personal transporters as e-hover boards, which he said come with gentle learning curve, as an alternative to motor scooters for police when making rounds in Taiwan.

But just as the “last mile” is challenging to cover easily, so is the gap between Skyway’s vision of a more commuter-friendly Taipei and reality in the city.

Laws in Taiwan currently do no cover the use of e-personal transporters as e-unicycles, scooters and Segway, said Skyway, who is obviously conscientious as he showed a brochure listing all the potential risks of riding an e-hover board in the real world with potholes, bumps and undulations.

You cannot legally ride an e-scooter on a road and should always yield to pedestrians on sidewalks, said Skyway, who added that since no laws exist to regulate e-personal transporters in Taiwan, Rider Techjoy’s business, as its rival in Taiwan that charges relatively higher prices due to higher-profile advertising, is technically illegal and a free-for-all.

Our Mini Pro e-hover board goes for about US$920…is an export-model with Bluetooth certification and UL-approved, said Skyway, who warned of the existence of Taiwanese suppliers that import cheap parts from China for assembly into e-transporters that undersell those from Rider Techjoy…go online to see reports of subpar batteries from such fly-by-night suppliers that catch on fire during recharging.

Vice premier touts productivity upgrade as ‘no-regrets strategy’

Taiwan News
Date: 2016-05-16
By: Central News Agency

Outgoing Vice Premier Duh Tyzz-jiun urged the incoming government Monday to continue promoting a productivity transformation and upgrade, which he described as a “no regrets” policy.

“No matter what industrial policy looks like in the future, there is a strategy that will never cause regrets during political changes. It is transforming and upgrading productivity,” Duh said in response to a call for an improvement in the investment environment.

Liao Wan-lung, the chairman of the Council For Industrial and Commercial Development (CICD), made the call at a CICD-sponsored national congress of business operators in Taipei.

Duh said the government began a Productivity 4.0 initiative last year after seeing a falloff in exports and changes in the international economic environment.     [FULL  STORY]

Flooding hurts farmers in parts of Taoyuan

Focus Taiwan
Date: 2016/05/16
By: Pien Chin-feng and CNA intern Brook Hsiao

Taipei, May 16 (CNA) An estimated 20 hectares of farmland in Bade District in Taoyuan were damaged by the heavy rain that poured down on the metropolitan area Monday morning and caused flooding, according to the city’s department of agriculture.

Representatives of the department inspected the damaged areas in Bade on Monday and recorded the losses that had occurred after receiving notification from farmers that their fields had flooded.

The department estimated the damaged areas at about 20 hectares, and will assist the affected farmers in applying to the Council of Agriculture for financial assistance.     [FULL  STORY]

SPIL suggests friendly talks with ASE

SIBLING RIVALRY:ASE said that its SPIL acquisition plans would see both companies delisted from the stock exchange and re-entering the market under a parent company

Taipei Times
Date: May 17, 2016
By: Lisa Wang / Staff reporter

Siliconware Precision Industries Co (SPIL, 矽品精密) yesterday said it would consider negotiating a “friendly” takeover with its tenacious pursuer Advanced Semiconductor Engineering Inc (ASE, 日月光半導體) in a gesture to soften its stance against an acquisition bid.

Reversing previous rejections, the world’s No. 3 chip tester and packager seems to want to adjust its posture in a practical way, two months after ASE put forward the idea of bringing SPIL under a bigger industrial holding company together with ASE.

“We oppose a hostile takeover. Friendly negotiations can bring about anything,” SPIL chairman Bough Lin (林文伯) told reporters on the sidelines of the company’s annual shareholders’ meeting yesterday.     [FULL  STORY]

Taiwan changes fisheries law to avoid EU ban on seafood exports

Focus Taiwan
Date: 2016/05/15
By: Yang Su-min and Evelyn Kao

Taipei, May 15 (CNA) The government is working to change its legal framework to comply with

An event held by Greenpeace in Taipei

An event held by Greenpeace in Taipei

European Union (EU) demands to tighten controls on illegal, unreported, and unregulated (IUU) fishing by Taiwan’s large distant-water fishing fleet to avert EU trade sanctions on Taiwanese seafood, according to the Council of Agriculture, which oversees the fishing industry.

The move came after the European Commission issued a yellow card to Taiwan on Oct. 1, 2015 following the discovery of a Taiwanese fishing vessel violating shark finning laws in international waters, after a long series of discussions between the EU and Taipei over the elimination of illegal fishing practices.

In particular, the EU pointed to Taiwan’s inadequate monitoring, control, and surveillance of long-distance fleets.

It gave Taiwan six months to improve its legal framework and take corrective measures. Those six months have passed, and Taiwan has not yet received a “red card” — which would entail Taiwan being banned from exporting seafood to the EU, a potential loss of an estimated NT$7 billion in trade, according to Greenpeace.     [FULL  STORY]

HSBC increases Yuanta Financial target price

Taipei Times
Date: May 16, 2016
By: Ted Chen / Staff reporter

HSBC Securities Taiwan Corp raised the target price for Yuanta Financial Holding Co (元大金控) slightly, as the company has curbed life insurance losses while showing resilience in banking earnings in the first quarter.

Yuanta Financial in the first quarter reported that net income surged 786 percent sequentially to NT$3.47 billion (US$106.36 million), but declined 15 percent from a year earlier.

The company said that Yuanta Securities Co (元大證券) saw net income in the January-to-March period fall 51 percent sequentially and 14 percent annually to NT$2.04 billion due to a 4 percent decline in average daily turnover at the local stock market, weakening retail investors’ participation.

Yuanta Commercial Bank reported that net income rose by 50 percent sequentially and 10 percent annually to NT$1.45 billion due to an improved loan mix that prioritizes syndicated loans and loans to small-to-medium-sized enterprises and consumers.     [FULL  STORY]

TWSE trading on Friday

Taiwan News
Date: 2016-05-13
By: Central News Agency

The weighted index on the Taiwan Stock Exchange opened at 8,095.93 points today. After moving between 7,999.98 and 8,095.93, the index closed at 8,053.69 points, down 54.36. Turnover totaled NT$89.16 billion.

The weighted index, excluding the financial sector, closed at 6,839.80 points, down 48.28.

A total of 2,106 stocks closed up, and 3,072 ended down with 346 unchanged. The top 10 stocks in terms of trading volume were 00632R, 2317, 2330, 2498, 3481, 00637L, 2883, 00631L, 2409 and 2881.

The top 10 stocks in terms of trading value were 2330, 2317, 00632R, 2498, 3008, 2474, 0050, 1216, 2881 and 3673.     [FULL  STORY]