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December, 5, 2016

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Taiwan > Business
TransAsia hot potato
Chang Kang-wei, chairman of Far Eastern Air Transport (FAT), front, speaks at a press conference in Taipei Friday, Nov. 25, in response to speculation that his company might take over the collapsed TransAsia Airways.
 
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.015 to close at NT$31.942 after moving in a quiet session at a time when many foreign traders were away for the Thanksgiving holiday, dealers said.
 
The China Airlines (CAL, 華航) takeover of closing mid-sized carrier TransAsia Airways's (復興航空) domestic and overseas routes will continue until Feb. 15, 2017, Vice Minister of Transportation and Communications (MOTC, 交通部) Wang Kwo-tsai said Friday.
 
Sentiment in Taiwan's manufacturing sector rebounded in October after two consecutive months of decline, as the global economy continued to recover slowly, according to a survey released by the Taiwan Institute of Economic Research (TIER) Friday.
 
Action Electronics Co. General Manager Chang Jing-hu announced yesterday that the company's subsidiary Kolin had earned revenues of over NT$1 billion this year.
 
Blossoming innovations
Japanese photographer Mika Ninagawa stands with four models to present ASUS' new collection of flower-themed laptops, tablets and cellphones. Ninagawa collaborated with ASUS on these new electronic gadgets to add a splash of vibrant color to the brand's products.
 
Shares in Taiwan closed lower on Thursday after the bellwether electronics sector pulled back following a lower tech-heavy NASDAQ index in the U.S. market overnight, dealers said.
 
After becoming a hotly-searched item on Amazon.com, A-Sha Dry Noodle is expanding its reach in the U.S. by holding charity sales to promote healthy Taiwanese food and to provide help to local schools.
 
TransAsia failure reveals gov't failings: premier
Premier Lin Chuan acknowledged Thursday that reviews were necessary after TransAsia's shock closure earlier this week revealed critical problems within the government.
 
KGI Investment tapped Taiwan's Foxconn Electronics and Pegatron Corporation as two companies that would make big gains in 2017 from the new iPhone models.
 
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