Business and Finance

Yahoo Taiwan expects e-commerce mobile traffic to pass PCs

Want China Times
Date: 2015-04-28
By: CNA

The Taiwan unit of Yahoo predicted Monday that its mobile traffic on

Jacky Wang at a press conference, April 27 (Photo/CNA)

Jacky Wang at a press conference, April 27 (Photo/CNA)

e-commerce business will exceed PC traffic in 2015 thanks to the Web portal’s “Mobile First” strategy that has been pushed by CEO Marissa Mayer since 2012.

The company’s mobile transactions accounted for 30% of its total e-commerce revenues in the first quarter of this year, with mobile traffic exceeding 40% of the overall traffic on e-commerce platforms, according to Jacky Wang, vice president of the e-commerce group at Yahoo Taiwan and Hong Kong.

Mobile traffic on Yahoo Taiwan’s Super Mall, one of its three major e-commerce platforms, took a 57% share of the total in the first quarter, surpassing PC traffic for the first time, he said.     [FULL  STORY]

HTC sales fall short, despite M9 launch

CONNECTING:The smartphone maker said it is optimistic about the market in India and that it is open to the possibility of seeking a local assembly partner in the nation

Taipei Times
Date:  Apr 29, 2015
By: Lauly Li  /  Staff reporter

Smartphone maker HTC Corp (宏達電) yesterday gave a lower-than-expected sales forecast of between NT$46 billion and NT$51 billion (US$1.49 billion and US$1.6 billion) for this quarter despite the launch of the firm’s flagship model One M9 last month.

The forecast represents quarterly growth of between 10.78 percent and 22.83 percent from last quarter’s NT$41.52 billion, which is lower than the market consensus estimate of 50 percent quarterly growth.     [FULL  STORY]

Taiwan 3rd-biggest import source for Philippines in February

Focus Taiwan
Date: 2015/04/28
By: Emerson Lim and Evelyn Kao

Manila, April 28 (CNA) Taiwan was the third-biggest source of imports to the 201504280024t0001Philippines in February, behind only China and the United States, according to a report published Tuesday by the Philippines’ National Economic and Development Authority (NEDA).

The total value of Philippine imports in February expanded to US$5.3 billion in February from US$4.8 billion in the same month of last year. The increase was in stark contrast to a 12.4 percent decline in January, according to the report.

China accounted for 16.3 percent of the total import value, followed by the United States at 10.7 percent, Taiwan at 8.4 percent, Singapore at 8.2 percent, Japan at 7.6 percent, Germany at 6.7 percent, Thailand at 6.4 percent, South Korea at 6.3 percent, Malaysia at 4.6 percent and Indonesia at 4.2 percent, according to the report.     [FULL  STORY]

Foreign brokerages key to TAIEX passing 10,000 points

Want China Times
Date: 2015-04-27
By: CNA

Analysts said the Taiwan stock exchange’s benchmark weighted index, the

A securities company in Taipei, April 23. (Photo/Yao Chih-ping)

A securities company in Taipei, April 23. (Photo/Yao Chih-ping)

TAIEX, is closing in on 10,000 points and that foreign institutional investors will be one of the key factors determining when the psychological barrier is breached.

On Friday, the TAIEX gained 115.79 points, or 1.18%, to close at a 15-year high of 9,910. Since the beginning of this year, the index has risen 6.51% after gaining 8.08% in 2014.

Allianz Global Investors Taiwan fund manager Corrina Xiao said the momentum driving capital inflows could slow down, with investors still preferring large weighted stocks because of their better profits and outlook, when publicly traded companies start to release their first quarter earnings reports.     [FULL  STORY]

Stocks lead the rise in consumer confidence index

BULLISH SENTIMENT:The index hit a record high as a liquidity-driven stock market rally, rather than economic fundamentals, lifted investor confidence

Taipei Times
Date: Apr 28, 2015
By: Crystal Hsu  /  Staff reporter

Consumer confidence rose for the fifth consecutive month this month with all component indices gaining points, led by the bullish sentiment on stock investments, a survey by National Central University showed yesterday.

The consumer confidence index advanced 1.8 points from last month to reach a record 92.93 this month, as a liquidity-driven stock rally lifted investor confidence and the wealth effect, the survey said.     [FULL  STORY]

Business activity down in March

Focus Taiwan
Date: 2015/04/27
By: Chen Cheng-wei and Scully Hsiao

Taipei, April 27 (CNA) Taiwan’s economy continued on a path of moderate 201504270022t0001growth in March, although risks increased, with a set of indicators used to monitor the country’s business activity flashing yellow-blue for that month, the National Development Council said Monday.

In March, the monitoring indicator index fell by three points from a month earlier to 21, the lowest in 12 months, according to the nation’s economic planning body.     [FULL  STORY]

Stores refurbish to increase sales

Taipei Times
Date: Apr 27, 2015
By: Amy Su  /  Staff reporter

Several department store operators recently spent tens of millions of New Taiwan dollars on refurbishing their major stores as competition becomes fiercer in the fast-changing market.

Earlier this month, Pacific Sogo Department Stores Co (太平洋崇光百貨), the nation’s second-largest department store operator, reopened two floors for jewelry, casual clothing and sportswear at its Zhongxiao branch in Taipei after a month-long refurbishment.

“The Zhongxiao branch has been open for 28 years,” Pacific Sogo vice president Cindy Wu (吳素吟) said on Tuesday last week.

“Facing stiffer competition in the department store industry lately, the company hopes to remain ahead of its competitors in terms of products and decor,” she added.     [FULL  STORY]

Market cap of Taiwan’s main board hits new high

Want China Times
Date: 2015-04-26
By: CNA

The market capitalization of the Taiwan Stock Exchange (TWSE) hit a new high

A stock trading center in Taipei, April 24. (Photo/Chen Hsin-han)

A stock trading center in Taipei, April 24. (Photo/Chen Hsin-han)

as of Friday after foreign institutional investors aggressively bought into local shares for the whole week, according to the exchange.

The TWSE said that the market cap of the local main board on Friday rose NT$337.2 billion (US$10.9 billion) or 1.19%, from a session earlier to a record high of NT$28.74 trillion (US$935 million).

The increase in the market cap came after the weighted index on the TWSE jumped 115.79 points, or 1.18%, at 9,900 on Friday. Foreign institutional investors, who rushed to pick up electronics heavyweights, had bought a net NT$46.48 billion (US$1.5 billion) worth of local shares in the session. The net buy was the third-highest level in history.

Taiwan machine tool output forecast to grow slightly in 2015

Focus Taiwan
Date: 2015/04/25
By: Jalen Chung and Frances Huang

Taipei, April 25 (CNA) The production value of Taiwan’s machine tool sector is 201504250013t0001expected to grow slightly in 2015 because of growing demand from the United States, the world’s largest economy, according to the Industrial Economics and Knowledge Center (IEK, 工研院產業經濟與趨勢研究中心).

In a report, the IEK said Taiwanese machine tool makers could also get a boost this year from rising demand in some European countries, such as Spain and Switzerland, and from higher car sales driven by lower fuel prices.

The output value of Taiwan’s machine tool business will grow 1.3 percent to 2.5 percent in 2015 to about NT$152.9 billion (US$4.92 billion), according to the IEK, a research unit under the government-sponsored Industrial Technology Research Institute (工研院).     [FULL  STORY]

Hua Nan Bank to open branch in Fuzhou

Focus Taiwan
Date: 2015/04/25
By: Tien Yu-pin and Frances Huang

Taipei, April 25 (CNA) Hua Nan Commercial Bank (華銀), a banking arm of Taiwan-based Hua Nan Financial Holding Co. (華南金控), said Saturday that it will open a branch in Fuzhou, the capital city of Fujian province, next month.

The bank said it had high hopes for the new branch, expected to begin operations on May 13, as Taiwan-based investors including the bank are eligible for preferential incentives from Fujian authorities.

Fuzhou is one of the regions covered by Beijing’s “One Belt, One Road” economic growth initiative, and the bank said the new branch hopes to take advantage of the initiative, which spans Asia-Pacific and European economies encompassing 3.81 billion people and US$16.42 trillion in economic output.     [FULL  STORY]