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May, 25, 2016

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Taiwan > Business
HTC announces buy-back
Cher Wang, chairwoman of HTC Corp. (宏達電), speaks at the World Economic Forum in this file photo. The troubled smartphone-maker said late Sunday, May 15 that it planned to spend up to NT$2.8 billion to buy back 40 million treasury shares from today to July 15.
 
A plan proposed by MediaTek Inc. (聯發科), Taiwan's largest integrated circuit designer, to set up a joint venture with a Chinese firm needs regulatory approval, according to the Ministry of Economic Affairs (MOEA).
 
United Microelectronics Corp. (UMC, 聯電), the second largest contract chip-maker in Taiwan, has signed a cooperation agreement with a semiconductor developer in China's Fujian province to develop dynamic random access memory (DRAM) chip production technology.
 
Yang Ming Marine Transport Corp. (陽明海運), one of Taiwan's leading container shippers, has formed a new shipping alliance with five of its foreign counterparts, to grab a bigger share of the global shipping industry.
 
Formosa Petrochemical Corp. (台塑石化), a privately owned gasoline supplier in Taiwan, said Saturday that it has decided to raise its gasoline and diesel prices for next week in reflection of higher international crude oil prices.
 
MediaTek to sell subsidiary to China's NavInfo
MediaTek Inc., one of the world's biggest mobile phone chip suppliers, Friday announced it will sell a subsidiary to China-based digital map provider NavInfo Co. to pave the way for a partnership to jointly tap the automotive IC market.
 
Current phase of Danhai rail system over 30% completed
Construction of the first phase of the light rail system in Tamsui District in New Taipei is 30.95 percent completed, the city's Department of Rapid Transit Systems announced Friday.
 
China Airlines flight attendants rally to escape 'enslavement'
More than 150 China Airlines (CAL, 華航) flight attendants protested outside the Ministry of Labor (MOL, 勞動部) on Friday morning over what they call an "enslavement contract."
 
Taiwan's weightings in two indexes managed by MSCI Inc. have been cut after a semi-annual review by the global index provider.
 
Good rice
This photo provided by the Tantze agricultural cooperative in Taichung shows Good Tanmi Rice products from the area. Good Tanmi Rice is an ingredient in the making of Ban Tiao -- flat rice noodles -- to be served at the May 20 state dinner marking President-elect Tsai Ing-wen's presidential inauguration.
 
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