Business and Finance

HTC sales dip in August to eight-year low

Focus Taiwan
Date: 2015/09/03
By: Jeffrey Wu

Taipei, Sept. 3 (CNA) Taiwanese smartphone maker HTC Corp. (宏達電) on

SONY DSC

SONY DSC

Thursday reported its lowest monthly revenue in more than eight years, citing a product transition period and business realignment program.

The Taoyuan-based company reported consolidated revenue of NT$6.89 billion (US$212 million) for August, the lowest since it posted NT$6.59 billion in February 2007.

On Aug. 13, HTC said it was planning to cut its global workforce by 15 percent — around 2,300 jobs — as part of a business realignment plan to seek “significant profitable growth with a leaner and more agile operating model.”     [FULL  STORY]

Long-anticipated HTC smartphone to be unveiled on Sept. 6

Want China Times
Date: 2015-09-03
By: CNA

HTC’s long-rumored smartphone dubbed “Aero” could finally debut this weekend

HTC's headquarters in New Taipei. (Photo/Yen Chien-lung)

HTC’s headquarters in New Taipei. (Photo/Yen Chien-lung)

after the Taiwanese company set Sept. 6 as the date for the product launch.

The HTC event was confirmed on Tuesday via the company’s official Weibo microblog account in China, with an image showing the outline of a smartphone.

Earlier media reports said the new HTC smartphone is expected to sport a 10-core processor from Taiwan’s MediaTek, 4GB of RAM and an improved camera capable of taking uncompressed RAW-quality photos.

A RAW format contains all the image information captured by the camera’s sensor, allowing for good quality and flexible image processing.     [FULL  STORY]

Land Bank to continue with IPO plan

INVESTMENT PROPOSAL CONCERNS:Bank employees are against the planned IPO, fearing that their job security and benefits could be threatened by the scheme

Taipei Times
Date:  Sep 04, 2015
By: Crystal Hsu  /  Staff reporter

Deputy Minister of Finance Wu Tang-chieh (吳當傑), who is acting chairman of the state-owned Land Bank of Taiwan (土地銀行), yesterday said the lender would press ahead with plans to raise new funds through an initial public offering (IPO).

Wu took up the position yesterday from Shiu Kuang-si (徐光曦), who was appointed to the helm of state-run Hua Nan Financial Holding Co (華南金控) after former chairman Liu Teng-cheng (劉燈城) retired upon turning 65 years old.     [FULL  STORY]

Taiwan’s semiconductor sector forecast to outpace global industry

Focus Taiwan
Date: 2015/09/02
By: Jackson Chang, Jalen Chung and Frances Huang

Taipei, Sept. 2 (CNA) The Ministry of Economic Affairs (MOEA) said Wednesday 201509020032t0001that Taiwan’s semiconductor sector will record a higher growth rate than the global industry this year and contribute significantly to the domestic economy.

Taiwan’s integrated circuit business is expected to post NT$2.259 trillion (US$69.08 billion) in sales this year, an annual increase of 5.5 percent and a higher growth rate than the global IC industry, said Deputy Economics Minister Shen Jong-chin (沈榮津) at the opening of SEMICON Taiwan, a leading global semiconductor trade exhibition.

He however did not give a projection for the growth of the global semiconductor sector.     [FULL  STORY]

iPhone 6S to hit Taiwan stores in first round of sales

Want China Times
Date: 2015-09-02
By: CNA

Taiwan will become one of the first countries to sell the successors to Apple’s

An ad for the iPhone 6 at a store in Taipei. (File photo/Wang Ying-hao)

An ad for the iPhone 6 at a store in Taipei. (File photo/Wang Ying-hao)

iPhone 6 and 6 Plus models, according to a source familiar with the matter.

The so-called iPhone 6S will go on sale in Taiwan Sept. 18 following the smartphone’s expected launch at an Apple press event Sept. 9 in California, the source told CNA on condition of anonymity.

If true, it will be the first time Taiwan has been listed among the initial wave of new iPhone availability. The country reached the second wave of iPhone 6 availability in September last year, alongside 16 other markets.     [FULL  STORY]

PMI hits lowest level in survey’s history

SUPPLY CHAIN:A Supply Management Institute in Taiwan official said the market’s response to Apple’s new iPhone models would be crucial for the technology sector

Taipei Times
Date:  Sep 03, 2015
By: Crystal Hsu  /  Staff reporter

A deepening economic slowdown pushed the official manufacturing purchasing managers’ index (PMI) down to 45 last month, from 48.6 in July, marking the lowest level in the survey’s history, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday.

Bearish sentiment has spread to the service sectors, with the institute’s non-manufacturing index (NMI) hitting 47.5 last month, sliding into the contraction zone for the first time since the Taipei-based CIER launched the survey in August last year, indicating that domestic demand-driven companies also started to feel the pinch.     [FULL  STORY]

Taiwan’s manpower demand forecast to hit 7-year low

Focus Taiwan
Date: 2015/09/01
By: Zoe Wei and Evelyn Kao

Taipei, Sept. 1 (CNA) Work force demand in Taiwan is expected to rise by 201509010033t000126,802 between August and October, which represents a seven-year low for that three-month period, due mainly to a slowing global economy, according to a survey published Tuesday by the Ministry of Labor (MOL).

The survey of businesses with 30 or more employees found that 20.36 percent of employers would be willing to increase their workforce by the end of October, while 5.56 percent plan to reduce hiring of new employees, compared with the previous three months.

The total manpower demand from August to October is estimated at 43,900 workers, but demand for new employees will drop by 17,100, which means there is likely to be a net increase of 26,800 workers, according to the poll.     [FULL  STORY]

HTC to cut 400 jobs in Taiwan by end of October

Want China Times
Date: 2015-09-01
By: CNA

Taiwanese smartphone maker HTC will cut 400 jobs at its Taoyuan factory by the

HTC's headquarters in Taoyuan, Aug. 5. (File photo/Kang Hung-chih)

HTC’s headquarters in Taoyuan, Aug. 5. (File photo/Kang Hung-chih)

end of October as part of its efforts to reduce costs, the Taoyuan city government confirmed on Monday.

The layoff plan, which was sent to the local government on Aug. 28, would affect around 5% of the nearly 9,000 employees at HTC’s Taoyuan factory, according to local media reports.

HTC declined to comment and reiterated its earlier announcement that the company plans to cut 15% of its global workforce as part of a business realignment plan.

The program includes the establishment of new business units to create profitable growth in the company’s key areas of premium smartphones, virtual reality and connected lifestyle products, HTC said.

Hon Hai Indonesia plans to continue

GREENDUST DEAL:The company is to invest in the refurbished online shopping site, which it said is part of an as yet unconfirmed plan to expand its reach in India

Taipei Times
Date: Sep 02, 2015
By: Lauly Li  /  Staff reporter

Hon Hai Precision Industry Co (鴻海精密), an assembler of Apple Inc’s iPhone devices, yesterday said it will continue to look at investment opportunities in Indonesia after it is reported to have canceled plans to invest in a manufacturing plant there.

Citing Indonesian Chamber of Commerce and Industry Chairman Suryo Bambang Sulisto, Indonesian daily Kontan said that Hon Hai has decided to withdraw its planned investment of US$1 billion from the nation because the Indonesian government reportedly rejected a company request for free land.     [FULL  STORY]

Taiwan records 8.04% rise in average household net worth

Focus Taiwan
Date: 2015/08/31
By: Chen Cheng-wei and Y.F. Low

Taipei, Aug. 31 (CNA) The average net worth per household in Taiwan was NT$12.17 million (US$374,842) at the end of 2013, an annual increase of 8.04 percent, according to the latest government data released Monday.

The 2013 figure, which increased NT$910,000 from the previous year, included life insurance and pension fund reserves, fixed and demand deposits, foreign assets, securities, and real estate, the Directorate General of Budget, Accounting and Statistics (DGBAS) said.

The growth rate, the highest since the DBBAS began recording such data, was driven mainly by rising land values and an increased number of securities, the DGBAS said.     [FULL  STORY]