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December, 10, 2016

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Taiwan > Business
Tonlin Department Store Co. to lay off over 100 staff at Taoyuan branch
Tonlin Department Store Co. (統領百貨), one of Taiwan's oldest department store operators, said Friday that its Taoyuan branch is planning to cut its workforce by laying off more than 100 workers.
 
Fubon Financial Holding Co. (富邦金) on Friday announced that its net income for the first 11 months of the year -- around NT$45.98 billion -- topped other local financial holding companies in overall profits and earnings per share.
 
Christmas market by China Airlines
China Airlines employees, left, wave to visitors to a Christmas fair organized by their company at Taipei's Huashan Creative Park Friday, Dec. 9. The fair features European-style booths selling food and other items from Holland, Austria, Austria, Italy and Germany. The fair runs till Dec. 11.
 
Shares in Taiwan moved higher Friday as momentum extended from a session earlier, but gains were limited ahead of stiff technical resistance at around 9,400 points, dealers said.
 
Farglory pulls plug on health park
The gates of an aborted health park in Houlung, Miaoli County are left half open on Friday, Dec. 9. The conglomerate Farglory Group has terminated a contract with the Houlung Township government to develop the park. The township is now appealing to the central government for funding to continue the project, which it says is crucial to the health of the people in Miaoli.
 
Electronic luggage tags slash EVA Air flight check-in time
German luggage maker Rimowa officially launched their electronic tag suitcase collection in Taiwan on Thursday.
 
Whoever takes over TransAsia Airways' (復興航空) aviation rights must employ all of the company's remaining staff, the airline's labor union representatives demanded Thursday.
 
Shares in Taiwan moved sharply higher to close above the 9,300 point mark on Thursday as buying was sparked by all-time highs posted by the Dow Jones Industrial Average and the S&P 500 index on Wall Street overnight, dealers said.
 
Travel website TripAdvisor on Wednesday recommended Hualien as an ideal travel destination while announcing its annual "Travellers' Choice Awards for Destinations on the Rise," which ranked the Eastern Taiwan county the seventh-best destination in Asia.
 
Chen Yung-cheng (陳永誠), former chair of the Taiwan Asset Management Corporation (台灣金聯), took office Thursday as chairman of the Taipei Exchange (櫃買中心).
 
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