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April 28, 2017

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Taiwan > Business
Tools of development
Vice President Chen Chien-jen (陳建仁) speaks at the opening ceremony of the 26th Taipei International Machine Tools Show, Tuesday, Mar. 7. Taiwan's exports of machine tools rank fifth globally, and Chen said he hoped that the industry could gross over NT$1 trillion this year, propelling Taiwan into an age of Industry 4.0.
 
Local peer-to-peer (P2P) network lending platform lend.com.tw said its new online-lending procedure could cut loan application time down to 30 minutes.
 
Star Cruises taps into booming cruise industry
Eyeing bright prospects for the cruise business in Asia, Star Cruises (麗星郵輪) -- a subsidiary of Genting Hong Kong (雲頂香港) -- on Feb. 17 unveiled more services that start in March for SuperStar Aquarius (寶瓶星號) and SuperStar Virgo (處女星號), with home ports in Keelung and Kaohsiung on a seasonal basis. This year, Star Cruises aims for 374 port calls to bring more passengers to Taiwan cities.
 
Retirement savings: how big a difference does 20 years make?
We've heard many times how it makes sense to start early when saving for retirement, here's some more perspective.
 
With the fate of Uber Taiwan in limbo, U.S. officials have reportedly tried to persuade Taiwan's government to cave and legalize the ride-sharing service.
 
Japan's share growing
A representative from the Taiwan Stock Exchange attends the IR Festa2017 event hosted by the Tokyo Stock Exchange to attract Japanese investors to invest in Taiwan on Tuesday, Feb. 28. Japanese investment in Taiwan grew to make up 2.7 percent of all foreign investments last year, a significant increase from the 1.6 percent in 2010.
 
As predicted, leading steelmaker China Steel Corp. has announced a NT$1396 increase for each ton of steel for its domestic sales in the second quarter.
 
Starbucks price hike: more harm than good?
Starbucks opened its first branch in Taiwan in Tienmu, Taipei on March. 28, 1998. A joint venture between Starbucks' U.S. parent company and Uni-President (統一企業), with the latter acting as the local operating management company, the coffeehouse chain has been serving Taiwan with coffees ranging from espressos to caramel macchiatos for almost 20 years.
 
American warehouse club Costco Wholesale Corp. announced Sunday that it will begin providing fuel services to Costco members at its branch in Zhongli, Taoyuan starting Thursday.
 
Lealea Enterprise Co. (力麗), one of the largest polyester filament yarn and polyester chip makers in Taiwan, said Saturday it will set up its first overseas factory later this year in Indonesia.
 
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