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October, 28, 2016

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High Speed Rail shares jump on main board debut
Shares of Taiwan High Speed Rail Corp. (THSRC) moved sharply higher Thursday, the first day the company was listed on the local main board, as investors rushed to park their funds in the defensive stock, dealers said.
Advanced Semiconductor Engineering Inc. (ASE, 日月光) reported a consolidated revenue of NT$72.7 billion in the third quarter, up 16.3 percent from the previous quarter.
On the back of gains posted on the local equity market, consumer confidence in Taiwan has been showing signs of improvement, according to a statement released Thursday by National Central University (NCU).
Aerospace deal
Aerospace Industrial Development Corporation (AIDC, 漢翔航空) President Ho Bo-hwa, left, signs a contract with GE Aviation in the U.S. on Thursday, Oct. 27. GE Aviation agreed to increase the purchase of AIDC's LEAP engine parts for an existing contract for four years
Shares in Taiwan moved lower to close below the 9,300-point mark Thursday, as the bellwether electronics sector encountered relatively heavier downward pressure in the wake of losses incurred on the tech-heavy NASDAQ index in the U.S. market overnight, dealers said.
Consumer confidence climbs in October
Taiwan's consumer confidence index (CCI) rose 0.29 points to 78.95 in October...
'Remember older industries': Stan Shih
Following Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) Chairman Morris Chang's (張忠謀) recent call for the government not to forsake traditional sectors in its pursuit of innovation, Acer Inc. (宏碁) founder Stan Shih (施振榮) said it was important for new industries to leverage Taiwan's strong competitiveness in the semiconductor industry.
Asset manager Carmignac enters Taiwan market
Carmignac, one of Europe's leading asset managers, announced its arrival in the Taiwanese market Wednesday, introducing a balanced fund that is currently in high demand by local investors.
2016 Kaohsiung Food Show opens with a sizzle
The 2016 Kaohsiung Food Show and Kaohsiung International Hotel, Restaurant, Baking and Catering Show (Kaohsiung HORECA), the two most important professional events of their kind in southern Taiwan, opened Thursday, Oct. 27 for a four-day run at the Kaohsiung Exhibition Center. The exhibitions boast a record 360 exhibitors and 14 national pavilions, and are likely to attract 23,000 visitors, according to the Taiwan External Trade Development Council (TAITRA), which is hosting the twin shows.
InterPay launches electronic payment service
InterPay, the wholly-owned subsidiary of PChome Group subsidiary PChomePay, announced today that it would officially launch PChome InterPay Electronic Payment Service. It will provide online payment services to the 8.8 million users on Taiwan's No.1 e-commerce market Ruten. Through InterPay, users can use the stored credit for online shopping and can freely make transfers between electronic payment accounts.
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