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January, 20, 2017

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Business > Company Focus
Hon Hai not to withdraw China investments
Hon Hai Precision Industry Co. (鴻海) Chairman Terry Gou (郭台銘) reportedly met with senior officials in China to assuage them over the firm's future in the country, after rumors of a manufacturing expansion to the U.S.
 
HSBC funding rainforest destruction: Greenpeace
Greenpeace on Tuesday accused banking giant HSBC of helping to arrange billions of dollars in financing for companies whose palm oil operations have been blamed for destroying vast swathes of Indonesian rainforest.
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Mining giant Rio Tinto reported Tuesday a ramp up in iron ore shipments on surging prices, but copper output disappointed amid production issues at its global mines.
 
GM to create 1,000 new jobs with US$1 billion investment
General Motors will announce a US$1 billion investment in its factories that will create or keep around 1,000 jobs, a person briefed on the matter said Monday.
 
Design talent badly needed for VR push: industry
Taiwanese electronics firms rushing to develop virtual reality (VR) are reportedly in the market for software talent with an eye for aesthetics.
 
Banking veteran Paulus Mok named Citi's country officer for Taiwan
Citi has appointed Paulus Mok as Citi Country Officer (CCO) for Taiwan. He will oversee all Citi's businesses and franchise operations in Taiwan and be responsible for delivering sustainable growth for Citi in Taiwan. His appointment with Citi Taiwan Limited is subject to the standard regulatory approvals.
 
Despite overseas acquisition spree, China's Wanda reports fall in revenue
China's conglomerate Wanda, owned by the country's richest man, said its turnover fell by 14 percent in 2016 despite a surge in receipts in the entertainment sector where it has multiplied its investments
 
Debate resurfaces in wake of assault
The Uber vs. taxi debate resurfaced on the internet over the weekend after two incidents involving Taiwanese taxi drivers brought into question the quality of service -- and safety -- of some yellow cab drivers.
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A major acquisition by Indian budget airline SpiceJet this week underscored the vast potential of the world's fastest-growing aviation market, but experts say woefully inadequate infrastructure and high operating costs could threaten the industry's rapid expansion.
 
Delta Air to withdraw from Taiwan market
U.S.-based carrier Delta Air Lines announced Friday that it was terminating its only route that serves Taiwan, with effect from May 25.
 
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