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January, 22, 2017

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Business > Company Focus
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.
 
Hon Hai considering building LCD plant in US: report
Taiwan-based Hon Hai Precision Industry Co. (鴻海) and its Japanese subsidiary Sharp are considering building a liquid crystal display (LCD) plant in the United States, an unidentified Sharp executive was quoted Friday as saying.
 
Taiwan-based memory chip supplier Phison Electronics Corp. (群聯電子) President Pan Chien-cheng (潘健成) expressed optimism Friday that there would be a massive NAND flash memory chips supply shortage this year.
 
Standard Chartered Taiwan has released its investment forecast for 2017, complete with expected trends for the upcoming year and strategic advice to enable investors to take full advantage of the situation.
 
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