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January, 23, 2017

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Taiwan > Business
Days before the Ministry of Economic Affairs (MOEA) is due to make its 2016 export order announcement on Jan. 20, officials are already predicting an overall decrease in the number and value of export orders for 2016.
 
Authorities crack down on economic crime
Nearly 7,000 economic crime cases were solved in the first 11 months of 2016, and about 70 percent of them involved the infringement of intellectual property rights, according to the latest Ministry of the Interior statistics released on Saturday.
 
Brokerages to benefit from eased business restrictions: TWSE
A move by the Financial Supervisory Commission (FSC), the top financial regulator in Taiwan, to ease restrictions on how brokerages do business is expected to strengthen their profitability, the Taiwan Stock Exchange (TWSE) has said.
 
Formosa Petrochemical announces gas, diesel price cuts for this week
Formosa Petrochemical Corp. (台塑石化), a privately owned fuel supplier in Taiwan, said Saturday it will cut its gasoline and diesel prices this week in response to a fall in international crude oil prices this week.
 
Investment scheme has loopholes: brokerages
A newly announced small investment scheme to make expensive stocks and other securities more accessible to retail investors could have loopholes, according to brokerages.
 
The Executive Yuan said Friday Taiwan's exports to countries covered under the government's "New Southbound Policy" totaled US$5.37 billion in December, up 20 percent from the same month last year.
 
Foreign brokerages raise target prices for lens-supplier Largan
Three foreign brokerages have raised their target prices for the stock of Taiwan-based smartphone camera lens supplier Largan Precision Co. (大立光) after the company posted a record net profit and gross margin in the fourth quarter of last year.
 
Hon Hai, Sharp mulling India LCD plant: report
Taiwan-based manufacturing giant Hon Hai Precision Industry Co. (鴻海) and its Japanese subsidiary Sharp Corp. are considering building a liquid crystal display plant in India to meet rising demand for TVs in the country, the Nikkei Asian Review reported Saturday.
 
Feeling lucky?
Huang Chih-yi, general manager of Taiwan Lottery Co., Ltd., poses with a series of new scratchcards issued for the upcoming Lunar New Year holiday at a press conference in Taipei on Friday, Jan. 13. Huang said his company had not only boosted the winning ratios for the new tickets but also hiked the winning bonuses for top prizes.
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TSMC posts record-high Q4 revenue, net profit
Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the world's largest contract chipmaker and a major supplier to Apple Inc., Thursday announced record-high revenue and net profit for the fourth quarter of last year.
 
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