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February, 25, 2017

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Business > Company Focus
McDonald's Taiwan in final stage of transfer to local owner: report
McDonald's Taiwan is in the final steps of transferring its operation to a local managing team, Taiwan media reported on Monday.
 
Gamania sets sights on NOWnews takeover
Albert Liu (劉柏園), head of Taiwan-based online game publisher Gamania Digital Entertainment (遊戲橘子), said Monday that the firm had decided to fully acquire NOWnews as early as the second half of this year.
 
Kraft Heinz withdraws bid to buy Unilever
Ketchup maker and packaged food giant Kraft Heinz has withdrawn a US$143 billion offer to buy Unilever, backing away after the mayonnaise, tea and seasonings maker rejected the bid as too low.
 
Uber chief executive Travis Kalanick has announced an "urgent investigation" at the ride-sharing company after a former employee wrote a blog post Sunday alleging sexual harassment and sexism at the firm.
 
Mark Zuckerberg lays out sweeping manifesto
Mark Zuckerberg's long-term vision for Facebook, laid out in a sweeping manifesto, sometimes sounds more like a utopian social guide than a business plan. Are we, he asks, "building the world we all want?"
 
Taiwan-based Hon Hai Precision Industry Co. (鴻海), the world's largest contract electronics maker, and its Japanese subsidiary Sharp have reportedly sped up plans to build a plant for the mass production of organic light-emitting diode (OLED) displays.
 
Growing local footprint
This photo shows the new flagship store of Japanese footwear and athletic apparel brand ASICS in Taipei's Daan District. The brand is strengthening its presence in Taiwan, adding the island to its chain of flagship stores around the world, including in New York, Tokyo and London.
 
Encouraged by U.S. President Donald Trump's "friendly attitude" toward the domestic oil and gas industry, Formosa Plastics Group (FPG, 台塑關係企業) said Friday it has boosted planned investments in the U.S. to approximately NT$500 billion.
 
Donald Trump's first six months in office are likely to stimulate the global economy, and Asian investors could benefit, according to Lim Say Boon (林哲文), chief investment officer of DBS Bank.
 
The axe finally fell on South Korea's once-mighty Hanjin Shipping on Friday as a Seoul court declared it bankrupt after struggling for years under the weight of billions of dollars-worth of debt.
 
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