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September, 30, 2016

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Taiwan > Business
Taiwan-based manufacturing giant Hon Hai Precision Industry Co. (鴻海) has agreed to set up a joint venture with Japan's Sharp Corp., the newly acquired subsidiary of the Taiwanese firm, to manage the Japanese company's intellectual property rights (IPR).
 
Eleven Taiwanese nationals arrested on suspicion of fraud in Jakarta were to be repatriated to Taiwan on Tuesday instead of being sent to China, in a joint operation between Indonesia and Taiwan police, Indonesian police said.
 
The number of small and medium-sized enterprises (SMEs) in Taiwan reached an all-time high of 1.38 million last year, accounting for 97.69 percent of the total firms nationwide and up 2.29 percent from 2014, according to the latest White Paper on SMEs released Tuesday by the Ministry of Economic Affairs.
 
Shares in Taiwan ended slightly lower Tuesday as investors pocketed gains from earlier in the day, pushing the weighted index into negative territory by the end of the session amid lingering concerns over more foreign fund outflow, dealers said.
 
The Ministry of Economic Affairs (MOEA) said Tuesday that it is on track to attract NT$53.5 billion (US$1.69 billion) worth of investments in Taiwan this year by overseas-based Taiwanese businesses.
 
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.010 to close at NT$31.706 as concerns eased over an interest rate hike by the U.S. Federal Reserve, prompting traders to lower their U.S. currency holdings, dealers said.
 
Cross-strait harmony good for tourism: TIER
Responding to the mass demonstration staged by the tourism industry yesterday, the Taiwan Institute of Economic Research (TIER, 台經院) said the industry's survival hinged on a steady flow of Chinese travelers to the island.
 
Buyers of Samsung Electronics Co.'s latest flagship smartphone model -- the Galaxy Note 7 -- in the local market will be able to file their applications for a replacement or a refund starting from Sept. 13, as reports of the device catching fire due to a battery problem have caused much concern.
 
End stations in sight
One of seven Beamline End Stations at the National Synchrotron Radiation Research Center is seen in this photo taken in Hsinchu City on Monday, Sept. 12. The seven Beamline End Stations, constructed for the first phase of the research center's Taiwan Photon Source Project, will be completed on Sept. 22. They are intended to be made available to Taiwan's industries, including the biotech sector.
 
Crustacean nation
Models pose for a photo with crabs in their hands at a promotional event for crab season in Wanli Township, New Taipei City, on Monday, Sept. 12. The city's Fisheries and Fishing Port Affairs Management announced the coming of crab season in the township and welcomed visitors to taste the seasonal local seafood.
 
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