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September, 29, 2016

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Taiwan > Business
Shares in Taiwan closed lower Wednesday as investors were concerned that a possible interest rate hike by the U.S. Federal Reserve will impact markets in Europe and the U.S., dealers said.
 
Acer marks 40th anniversary
Acer's founder Stan Shih, right, and Chairman George Huang, left, give the thumbs up at a press conference in Taipei marking the PC vendor's 40th anniversary. The company announced that it will hold a series of arts performances and forums in September and October to celebrate the anniversary.
 
The Financial Supervisory Commission (FSC, 金管會) fined the scandal-hit Mega Financial Holding Co. (兆豐金控) NT$10 million and ordered the removal of six high-ranking personnel from their posts, Wednesday.
 
Far EasTone (TAIEX: 4904) today announced its unaudited results for August 2016. Far EasTone's consolidated total revenue was NT$7.763 billion. The consolidated EBITDA and net income were NT$2.590 billion and NT$1.077 billion, respectively. The unaudited EPS stands at NT$0.33, according to a press release from the company.
 
A licensed retailer of Apple Inc. products in Taiwan said Wednesday that its pre-orders for the new iPhone 7 have been very strong since the release of the smartphone on Sept. 8.
 
Japanese low-cost carrier Vanilla Air launched a new route between Taoyuan and Ho Chi Minh City on Wednesday, a day before it was to open service between Taoyuan and Okinawa.
 
The Taoyuan Flight Attendants Union (TFAU) confirmed that it had expelled 22 China Airlines (CAL) members who defied a union strike resolution and served on a presidential flight to Central and South America in late June.
 
Taipei-based Far Eastern Air Transport (FAT) will start to run chartered flights destined for Danang in Vietnam, and Angkor Wat, the most popular tourist destination in Cambodia, in the next few months, the carrier announced Tuesday.
 
Regional carrier UNI Airways debuted its first special livery aircraft featuring the Japanese cartoon character Badtz-Maru on the route between Taipei and Penghu Tuesday.
 
TAITRA to promote Taiwan at Berlin Marathon
This year's Berlin Marathon will show off more than athleticism, with the Taiwan External Trade Development Council (TAITRA, 外貿協會) to use the globally broadcast race to promote local products.
 
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