Business and Finance

Budget airline to launch Kaohsiung-Singapore flights in July

Want China Times
Date: 2015-04-18
By: CNA

Singaporean budget carrier Scoot announced Friday that it will launch non-stop flights to

Scoot's first flight from Singapore to Taoyuan International Airport, Sept. 18, 2012. (File photo/Yeh Chien-tien)

Scoot’s first flight from Singapore to Taoyuan International Airport, Sept. 18, 2012. (File photo/Yeh Chien-tien)

Kaohsiung three times a week beginning on July 9.

Kaohsiung will be the airline’s second Taiwanese destination, as Scoot currently provides 10 flights per week to Taiwan Taoyuan International Airport, the main gateway to Taiwan, which is located some 45 kilometers away from downtown Taipei.

“Singaporeans simply love Taiwan, but there’s so much more to Taiwan than just Taipei,” Scoot CEO Campbell Wilson said in a statement.     [FULL  STORY]

NT dollar rises for fifth week as Asian currencies advance

Taipei Times
Date:  Apr 19, 2015
By: Bloomberg

The New Taiwan dollar posted a fifth weekly gain, the longest winning streak since 2013, as investors pushed back bets for higher US interest rates following data that cast doubts on the strength of a recovery.

The NT dollar has climbed 2 percent against the greenback this year in Asia’s best performance, as US reports ranging from jobs to manufacturing and consumer spending disappointed.

Only 12 percent of economists in a Bloomberg survey see the US Federal Reserve tightening policy in June, down from 45 percent in a poll last month.     [FULL  STORY]

Several foreign brokerages hike target prices on Largan shares

Focus Taiwan
Date: 2015/04/18
By: Lo Hsiu-wen and Frances Huang

Taipei, April 18 (CNA) Several foreign brokerages have raised their target prices on shares of 201504180015t0001Largan Precision Co. (大立光) after the smartphone camera lens supplier reported a higher-than-expected gross margin for the first quarter of this year.

Credit Suisse is one of the foreign brokerages which have been upbeat about Largan’s earnings prospects. Credit Suisse said that Largan will continue to take advantage of its lead over its peers in high-end camera lens production technology to secure a high gross margin.

The European brokerage has raised a target price on Largan shares to NT$3,280 (US$105) from NT$2,940, while leaving an “outperform” rating on the stock.     [FULL  STORY]

The Tesla Of Scooters Is Driving Asia’s Two Wheel Revolution

Forbes
By: Aaron Tilley000

Horace Luke wanted to be the first person in Taiwan with a Tesla Model S when the gorgeous

Gogoro CEO Horace Luke (Photo credit: Chris Stowers For Forbes)

Gogoro CEO Horace Luke (Photo credit: Chris Stowers For Forbes)

electric sedan debuted in 2012. Luke, the former chief innovation officer at smartphone maker HTC, is obsessed with beauty and function in all things. But his beloved Teslas were not sold in Taiwan (and still aren’t). He thought about importing one, but his girlfriend finally talked him out of it. With no home garage to charge it in, he’d have to juice it at the office and thus wouldn’t have use of it on the weekends.

Teslas and other electric sedans may be gaining ground in the U.S., where roomy garages are the norm, but Asia’s booming urban centers present a hostile environment for the clean car revolution. The cost of a Tesla is way out of the reach of the masses, and for the rising middle class in cramped apartment towers there are few good places to charge the cars, let alone park them.     [FULL  STORY]

Yang Ming inaugurates service of new vessel

Taipei Times
Date: Apr 17, 2015
By: Amy Su  /  Staff reporter, in Kaohsiung

Yang Ming Marine Transport Corp (陽明海運), the nation’s second-largest container shipper

YM Wish, Yang Ming Marine Transport Corp’s first 14,000 TEU container ship, is docked in Kaohsiung yesterday.  Photo: Wang Yi-hung, Taipei Times

YM Wish, Yang Ming Marine Transport Corp’s first 14,000 TEU container ship, is docked in Kaohsiung yesterday. Photo: Wang Yi-hung, Taipei Times

in terms of fleet scale, yesterday launched the service of its first 14,000 twenty-foot-equivalent units (TEU) vessel in Kaohsiung Harbor.

The YM Wish (登明輪) is currently the largest container ship in its fleet, with the company set to take delivery of another 14 vessels by the end of next year through a lease deal inked with Seaspan Corp — a Canada-based independent container ship owner.

“The introduction of these new vessels will help the company upgrade its fleet,” Yang Ming chairman Frank Lu (盧峰海) told reporters at a ceremony to mark the ship’s maiden voyage.

With lower operational costs and more efficient energy usage, the 15 new vessels could help the company save up to NT$6 billion (US$191.98 million) annually in the future, with total savings this year expected to reach NT$2 billion, Lu said.     [FULL  STORY]

EVA to add Taiwan-Singapore flights

Focus Taiwan
Date: 2015/04/16
By: Lee Hsin-Yin

Taipei, April 16 (CNA) EVA Airways, one of Taiwan’s leading international carriers, said

CNA file photo

CNA file photo

Thursday it will add more flights to its Taiwan-Singapore route starting June 21 to expand its transit services to Southeast Asian countries.

The number of those transferring between Southeast Asia and North America via Taiwan has grown by 40 percent compared with the same period last year, the airline said.

EVA said it hopes the service expansion can elevate its market presence in the area, adding that it will use a Boeing 777-300ER aircraft decorated with the popular Japanese cartoon character Hello Kitty to boost ridership.     [FULL  STORY]

Computer Show targets creative consumer items

‘INTERESTING PRODUCTS’:Taipei Computer Association secretary-general Enoch Du said that small and medium-sized firms will exhibit more than 2,000 items at the event

Taipei Times
Date:  Apr 16, 2015
By: Lauly Li  /  Staff reporter

This year’s Taipei Spring Computer Show, which opens today at the Taipei World Trade Center, is set to present more creative consumer electronics products rather than traditional computer products amid the development of Internet of Things applications.

“Over the past year, we have noticed that there are many new Taiwanese startups making smart devices to make life simpler and more fun, and they are not necessarily notebooks or smartphones,” said Enoch Du (杜全昌), secretary-general of the Taipei Computer Association (台北市電腦公會), which organizes the annual tech fair.

The number of exhibitors this year is 10 percent higher at 220 companies from last year, with about 70 percent of them being local small and medium-sized companies, Du said.     [FULL  STORY]

MediaTek vice chairman to retire (update)

Focus Taiwan
Date: 2015/04/15
By: Jeffrey Wu

Taipei, April 15 (CNA) Taiwan’s MediaTek Inc. (聯發科), a major supplier of handset chips to 201504150022t0001Chinese manufacturers, said Wednesday that Vice Chairman Cho Jyh-jer (卓志哲) will retire June 12.

MediaTek did not reveal a successor to Cho in its statement. A representative of MediaTek told CNA that the company has no plans currently to name a successor to Cho, and said the issue will be discussed by a new board of directors to be elected at an annual general shareholders’ meeting June 12.

Cho, who was promoted to his current position in 2005 to focus on new products and strategic planning, said in the statement that MediaTek has “a wealth of talent” and “a healthy organization,” which will lead the company to gain further strong growth momentum.     [FULL  STORY]

Spreadtrum, Rockchips team up with Intel to take on MediaTek

Want China Times
Date: 2015-04-15
By: Staff Reporter

After lagging behind its rivals in chip development for mobile devices, US chipmaker Intel

Intel's manufacturing base in Chengdu, May 25, 2013. (File photo/Xinhua)

Intel’s manufacturing base in Chengdu, May 25, 2013. (File photo/Xinhua)

has been gearing up to assign more resources to enter the low- to mid-range mobile communications chip turf by joining forces with Chinese counterparts, Guangzhou’s 21st Century Business Herald reports.

In turn, a move by Intel to cooperate with Spreadtrum Communications and Fuzhou Rockchips Electronics is expected to help the two Chinese integrated circuit designers take on competition from Taiwan-based counterpart MediaTek in the mobile communications chip market.

On April 13, Intel launched a chip model in Hong Kong in conjunction with Rockchips, which specializes in developing chips for tablet computers in China. The chip was the first model on which the two partners had worked together.     [FULL  STORY]

China’s Cheetah Mobile to set up Taiwan subsidiary

Focus Taiwan
Date: 2015/04/14
By: Lo Hsiu-wen and Elizabeth Hsu

Taipei, April 14 (CNA) Beijing-based mobile software maker Cheetah Mobile Inc. is to set up a branch company in Taiwan to produce intelligent hardware and home electronics, Cheetah CEO Fu Sheng (傅盛) said Tuesday.

The planned subsidiary will seek to form cooperative links with Taiwanese hardware and software producers, Fu told reporters before a speech at National Taiwan University, his first in Taiwan. He praised Taiwan as having a lot of excellent talent in the field of hardware production.

David Wu (吳德威), general manager of Taipei-based Leopard Mobile, which is Cheetah Mobile’s Taiwanese partner, confirmed that the new company establishment application has been delivered to the relevant authorities for approval.     [FULL  STORY]