Business and Finance

Hon Hai mulling 100 billion yen investment in Sharp: report

Focus Taiwan
Date: 2015/04/03
By: Yang Ming-chu and Scully Hsiao

Tokyo, April 3 (CNA) Taiwan-based Hon Hai Precision Industry Co., which assembles iPhones 201504030025t0001and iPads for Apple Inc., is mulling an investment of about 100 billion Japanese yen (US$835.5 million) in electronics maker Sharp Corp., the Sankei Shimbun reported on Friday.

The investment would be made to support the Japanese company as it undergoes a global restructuring in return for a role in the company’s operations and access to the company’s technological know-how, according to the report.

Hon Hai, which is hoping to buy the stake through a third-party allotment of new share, would end up with a roughly 20 percent stake in Sharp, should the deal be made. Sharp currently has a market capitalization of 400 billion yen.     [FULL  STORY]

Soft-World targets Chinese market

GOLD MINE:A popular mobile game can generate revenue of up to NT$60 million a month for at least six months in China, general manager Chung Hsing-po said

Taipei Times
Date:  Apr 04, 2015
By: Lauly Li  /  Staff reporter

Taiwanese video game developer Soft-World International Corp (智冠科技) is targeting the Chinese Internet protocol television (IPTV) market this year, which has seen a surge in subscribers since 2011.

“China’s IPTV market is the next growth driver for Soft-World,” general manager Chung Hsing-po (鍾興博) told reporters on Thursday on the sidelines of an investors’ conference.     [FULL  STORY]

Brazil’s new visa policy good for business ties with Taiwan: MOEA

Focus Taiwan
Date: 2015/04/03
By: Huang Chiao-wen and Frances Huang

Taipei, April 3 (CNA) A move by Brazil to extend its business visa validity for Taiwanese

CNA file photo

CNA file photo

nationals is good for bilateral ties and expected to help Taiwanese exporters penetrate the Brazilian market, the Ministry of Economic Affairs (MOEA) said Friday.

According to the MOEA, Brazil’s Ministry of Foreign Affairs notified its embassies and consulates on March 25 that the country had decided to extend the validity of business visas issued to Taiwanese citizens to three years from the previous 90 days.

The MOEA said the longer visa period will give more flexibility to Taiwanese companies hoping to do business in Brazil and showed Brazil’s determination to improve its investment environment and attract more foreign investors.     [FULL  STORY]

Samsung, Asus and HTC roll out April Fools’ smart devices

Want China Times
Date: 2015-04-02
By: Staff Reporter

The world’s top smartphone companies on Wednesday brought out outrageous new products

The Galaxy Blade Edge. (Photo courtesy of Samsung)

The Galaxy Blade Edge. (Photo courtesy of Samsung)

that appear too good to be true — because they are.

South Korea’s Samsung and Taiwan’s Asus and HTC are among the international smartphone and electronics producers to promote wacky — and fictional — new inventions for April Fools’ Day.

Samsung “created” the new Galaxy Blade Edge phone, described as the “ultimate cooking companion,” which comes with all the features of a Galaxy S6 but with an edge so sharp that it can also serve as a chef’s knife.     [FULL  STORY]

Analysts cautious despite property payouts

THUMBS DOWN:Taishin Securities Investment Trust chairman Andy Wu said that property shares may remain weighed down by unfavorable news developments

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

Though major land developers have announced generous dividend payout plans because of strong earnings they made last year, analysts yesterday remained cautious about investment outlook for the sector.

Share prices of major players in the property sector have generally lagged behind the benchmark TAIEX this year, which analysts attributed to the negative impact of unfavorable policy measures.     [FULL  STORY]

Taiwan registers almost 36% increase in March car sales

Focus Taiwan
Date: 2015/04/02
By: Tien Yu-pin and Frances Huang

Taipei, April 2 (CNA) Car sales in Taiwan rose 35.9 percent in March from the previous month, 201504020027t0001largely in reflection of a significant difference in the number of business days in the two months, government statistics indicated Thursday.

About 33,900 cars were sold in Taiwan in March, compared with 24,933 cars in February, when the one-week Lunar New Year holiday resulted in a reduction in the number of business days, the statistics indicated.

While the March sales increased by a monthly 35.9 percent, they registered a drop of about 1.2 percent year-on-year, the data showed.     [FULL  STORY]

Finance Ministry explains AIIB entry

Focus Taiwan
Date: 2015/04/01
By: Wei Shu and Ted Chen

Taipei, April 1 (CNA) The Ministry of Finance stated Wednesday that although proposed by

Finance Minister Chang Sheng-ford (張盛和), left.

Finance Minister Chang Sheng-ford (張盛和), left.

China, the Asian Infrastructure Investment Bank (AIIB) initiative is envisioned to be an international financial institution based on the terms of a Memorandum of Understanding signed by 21 other nations and that therefore, the matter should not be examined under the limited scope of cross-Taiwan Strait relations.

The ministry said that the sending of a letter of intent on joining the AIIB as a founding member will secure the right for Taiwan to voice its opinions on the stewardship of the proposed bank.

According to the ministry, the AIIB is designed to be a regional intergovernmental financial organization similar to the Asian Development Bank.     [FULL  STORY]

‘Next’ report alleges Ma rigged Taipei Dome bidding

Taipei Times
Date:  Apr 02, 2015
By: Shih Hsiu-chuan  /  Staff reporter

President Ma Ying-jeou (馬英九) was accused of having rigged the bidding process for the Taipei Dome project to favor Farglory Construction Co as media reports yesterday disclosed information about the bid decision meetings held when Ma was Taipei mayor in 2003.

The latest issue of the Chinese-language Next Magazine reported that Ma took control of the bidding selection committee by rejecting the candidates who were on the list compiled by the Executive Yuan’s Public Construction Commission in accordance with the Act for Promotion of Private Participation in Infrastructure Projects (促進民間參與公共建設法) and instead handpicked other external members.     [FULL  STORY]

Activist named board member of Taipei’s agricultural marketing company

Focus Taiwan
Date: 2015/04/01
By: Yu Kai-hsiang and Ted Chen

Taipei, April 1 (CNA) Yang Ju-men (楊儒門), an activist known as the “Rice Bomber,” on

Yang Ju-men (楊儒門).

Yang Ju-men (楊儒門).

Wednesday was appointed to serve on the board of directors of the Taipei Agricultural Products Marketing Co., a company established by Taipei City’s Department of Economic Development.

In the newly established tradition of using unconventional recruiting process advocated by Mayor Ko Wen-je (柯文哲), the Taipei City government had elected to reserve a board of directors seat for Yang, as opposed to its earlier plan to select all five candidates from the public sector.

A Taipei City government recruiting committee member who recommended Yang said that as a farmer of the younger generation and a long-time proponent for reforms of the marketing of fresh produce, he represents the much needed new blood for Taiwan’s agricultural sector.     [FULL  STORY]

Manufacturing slows down in February: think tank

Focus Taiwan
Date: 2015/03/31
By: Chen Cheng-wei and Jay Chen

Taipei, March 31 (CNA) The composite index of Taiwan’s manufacturing sector flashed a blue light in February, indicating a severe slowdown, the Taiwan Institute of Economic Research (TIER,台灣經濟研究院) said Tuesday.

TIER’s manufacturing composite index for February fell 2.49 points from the previous month to 9.68, as the industrial production index and growth in export orders and imports all fell below their levels in January, the think tank said.

The lower than average number of working days because of the six-day Lunar New Year holiday in February also dragged down the index, which had flashed a yellow-blue light, indicating sluggishness, for the previous 10 months, the TIER said.     [FULL  STORY]