Business and Finance

HTC sends out invites for One M9+ phone launch in Taiwan

Want China Times
Date: 2015-05-08
By: CNA

Taiwan’s HTC sent out media invitations in Taiwan on Thursday for a launch

Models pose with the HTC One M9. (Photo courtesy of HTC)

event of the bigger variant of its flagship One M9 phone in an attempt to boost sluggish sales with its “dual-flagship” strategy.

The press event will be held on May 14 in Taipei, where HTC North Asia president Jack Tong is expected to reveal local pricing and availability for the One M9+.

HTC took the wraps off the One M9+ in Beijing in early April–a slightly larger phone with a nearly identical metal unibody design–just weeks after the One M9 made its debut at the Mobile World Congress show in Barcelona on March 1.

The major enhancements of the M9+ include a 5.2-inch 2K display with a resolution of 1440 x 2560 pixels, a MediaTek MT6795T octa-core 2.2GHz mobile processor, a fingerprint scanner built into a home button on the front, the new-and-improved Duo Camera and support for up to 2TB of micro-SD external storage.

State-run firms to buy 7.7% of TFCC

TAIPEI 101:The Ministry of Finance, the largest shareholder of these firms, said the next step is to seek majority control over TFCC’s board in the December elections

Taipei Times
Date: May 09, 2015
By: Crystal Hsu  /  Staff reporter

State-run financial institutions yesterday announced plans to buy a 7.7 percent stake in Taipei Financial Center Corp (TFCC, 台北金融大樓公司) from Cathay Financial Holding Co (國泰金控), a deal that would expand the government’s majority stake in the Taipei 101 operator.

The transaction, which still requires the approval of the Financial Supervisory Commission, would cost NT$2.79 billion (US$90.69 million), or NT$27.9 per share, the parties involved said in separate stock exchange filings.

The figure is much lower than an earlier NT$46 per share offer by a Malaysian land developer for Ting Hsin International Group’s (頂新國際集團) 37.17 percent stake in TFCC.     [FULL  STORY]

Taiwan’s exports tumble 11.7% in April

Focus Taiwan
Date: 2015/05/08
By: Wei Shu and Scully Hsiao

Taipei, May 8 (CNA) Taiwan’s exports and imports took their steepest monthly f201505080031t0001all in five years in April because of cheaper oil and fuel prices and slower global economic growth, official data showed Friday.

The value of the country’s exports fell 11.7 percent in April year-on-year to US$23.49 billion in goods last month, while imports tumbled 22.1 percent to US$18.73 billion, according to Ministry of Finance data.

Yeh Maan-tzwu, the head of the ministry’s Department of Statistics, attributed the steep declines to slower global economic growth, cheaper oil and agricultural and industrial materials, and reduced production during the Tomb Sweeping holiday in early April.

New Online Game Billionaire Clan Emerges In China

Forbes
Date: 5/07/2015
By:  Russell Flannery Forbes Staff

Wu Xushun, co-founder and a director of Wuhu Shunrong Sanqi Interactive Entertainment Network Technology, has joined the ranks of the world’s billionaires following gains in the share price of the Shenzhen-listed online and mobile game company.

Wu, 67, together with daughter Wu Weihong and son Wu Weidong, own a 30.7% stake in Wuhu Shunrong Sanqi Interactive worth 7.1 billion yuan, or $1.1 billion, at yesterday’s closing price of 78.53 yuan, after discounting collateral shares. Son Weidong and daughter Weihong are the chairman and general manager.

Trading in the company’s shares was suspended on Feb. 25 and resumed on Tuesday. The’ve shot up by a third since trading resumed.

Wuhu Shunrong Sanqi Interactive acquired 60% of Sanqi Interactive Entertainment Shanghai Technology last December, and changed the firm’s name at the time, Wuhu Shunrong Auto Parts, to Wuhu Shunrong Sanqi Interactive in January, reflecting a shift in its businesses focus from auto parts to online and mobile games. Sanqi Interactive Entertainment Shanghai Technology owns online game platforms 37.com and 6711.com.     [FULL  STORY]

Presale spring housing projects plummet

Taipei Times
Date:  May 08, 2015
By: Crystal Hsu  /  Staff reporter

Developers and builders launched NT$137.6 billion (US$4.47 billion) worth of presale housing projects during the just-concluded spring sales season, 55.5 percent lower than expected, as the grim sentiment extended to the supply side, although few would cut prices significantly to attract buyers, a survey by online property researcher HouseFun (好房網) showed.

The figure accounted for just 44.5 percent of a NT$230.9 billion HouseFun forecast before the sales season that runs from late March to the end of last month.

“The result reflects a downturn in sentiment among developers and builders, but is not all negative for the market,” HouseFun head Ni Tze-jen (倪子仁) said.     [FULL  STORY]

Emirates to boost Taipei-Dubai capacity by 20%

Want China Times
Date: 2015-05-07
By: CNA

Dubai-based airline Emirates said Wednesday it will expand capacity on its

An Emirates aircraft. (Photo/Emirates)

An Emirates aircraft. (Photo/Emirates)

Taipei-Dubai route by 20% starting Dec. 1 to meet increasing demand from Taiwan’s market.

The carrier said it will use a two-class Boeing 777-300ER instead of a three-class Boeing 777-300ER on the flight, increasing capacity to 428 passengers or 74 more than at present.     [FULL  STORY]

Acer Q1 earnings rise on cost control

Focus Taiwan
Date: 2015/05/07
By: Jeffrey Wu

Taipei, May 7 (CNA) Taiwan’s Acer Inc. (宏碁), the world’s fourth-largest PC 201505070029t0001maker, reported a higher-than-expected net profit for the first quarter on Thursday, buoyed by effective expense control and inventory management.

Although consolidated revenue dropped 11.4 percent year-on-year to NT$67.95 billion (US$2.16 billion) in the three months ending in March, gross profits increased 4.5 percent to NT$6.66 billion and operating income surged 139 percent to NT$304 million.

First-quarter net income was NT$173 million, or NT$0.06 per share, compared with net income of NT$1 million, or NT$0.0004 per share, in the same period of last year.     [FULL STORY]

Amazon China creates a ‘Taiwan Pavilion’ for Chinese customers

Want China Times
Date: 2015-05-07
By: Staff Reporter

In cooperation with the Xiamen city government, Amazon China has kicked off

Amazon Taiwan's shopping page. (Photo/Amazon)

Amazon Taiwan’s shopping page. (Photo/Amazon)

the “Taiwan pavilion” on its website, offering over 5,000 kinds of Taiwanese goods. Products like pineapple cakes, masks, and various electronics can be delivered to Chinese customers within two to three days of placing the order.

The new service is part of the city’s e-commerce push within the Fujian Free Trade Zone, which also aims to bring Chinese goods to overseas markets.

Amazon China has selected Xiamen its physical site for overseas e-trade, capitalizing on the city’s advantageous position with Taiwan and the its status as a key port of the 21st Century Maritime Silk Road. The collaboration between the city and Amazon China will guarantee the US company convenient customs clearance, rapid inspection of goods, cross-border payment, tax rebates, and logistics services for its overseas e-commerce.     [FULL  STORY]

Tigerair offers free extra tickets in Mother’s Day campaign

Focus Taiwan
Date: 2015/05/07
By: Lee Hsin-Yin

Taipei, May 7 (CNA) Tigerair Taiwan, a budget carrier joint venture between Taiwan’s China Airlines and Singapore’s Tiger Airways, said it will launch a Mother’s Day campaign Thursday noon to offer an extra free ticket to every paying passenger.

The campaign, which will last until 11:59 p.m. May 10, will offer buy-one-get-one-free deals on its routes of Taoyuan-Bangkok, Taoyuan-Chiang Mai, Taoyuan-Singapore, Taoyuan-Macau and Kaohsiung-Macau.

The tickets will be good for travel between May 11 and Oct. 24, 2015, according to the no-frills airline, which launched its inaugural flight to Singapore last September.     [FULL  STORY]

Taiwan, Japan develop weight-loss starch

Focus Taiwan
Date: 2015/05/05
By: Kuo Chu-chen and Evelyn Kao

Taipei, May 5 (CNA) A farmer in Pingtung County, in collaboration with a 201505050026t0001Japanese expert, has successfully developed a starch made from green bananas that can facilitate weight loss and has hit the Japanese market, a farmer’s cooperative in the southernmost county said Tuesday.

The starch, a type of starch that is not digested in the stomach or small intestine, reaching the colon intact and touted as a miracle weight-loss cure, will also be made available on the Taiwan market later this month, Pingtung Yunghsin Fruit and Vegetable Distribution Cooperative Chairman Chiu Yung-feng (邱永豐) said at a press conference.

Chiu and Katsuaki Hayashibara, the head of Japan’s Vantec Corp., have jointly produced starch from green bananas, according to Chiu.     [FULL  STORY]