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Friday, November 21, 2014
Hon Hai Group (鴻海集團), the world's largest contract electronics maker, signed an agreement Thursday with its flat panel subsidiary Innolux Corp. (群創) to invest more than NT$80 billion (US$2.59 billion) to set up a flat screen production base in Kaohsiung to improve the group's global competitive edge in the sector.
Taiwan -- Hon Hai, Innolux set to invest over NT$80 billion in flat panel factory
Seven years after holding 48 percent of Fusheng Group, Oaktree Capital is said to have hired an investment bank to begin a sale process to unload its investment in the world's largest golf club head maker.
Aiming to narrow Qualcomm's lead in China's fourth generation (4G) smartphone market, MediaTek Inc. (聯發科技) is expected to launch a new octa-core processor in the first quarter of 2015.
Taiwan -- Nation must prepare before joining trade blocs: Tong
A visiting U.S. economics official said Thursday that Taiwan will have to be ready if it wants to join high-standard trade agreements such as the proposed Trans-Pacific Partnership trade bloc.
Shares in Taiwan extended gains Thursday to close above the 9,000-point mark at 9,078.87, while the U.S. dollar rose against the New Taiwan dollar above NT$31 mark at the day's high of NT$31.015.
Thursday, November 20, 2014
Taiwan -- Delays in goods pact with the mainland may hurt local wages: Duh
Taiwan's economics minister warned Wednesday that a failure to sign a trade-in-goods agreement with China could hurt the local job market and drive Taiwan's low wages even further down.
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Zhen Que (真鍋事業股份有限公司) and Cheng Kang Provisions Limited Liability Company (呈康食品有限公司) were discovered to have been repackaging food products and altering the expiration dates on expired food products before selling them to major retailers such as Pxmart (全聯), Taisuco (台糖), RT-Mart (大潤發), OK Mart and Mr. Brown Cafe (伯朗咖啡館), according to the Taoyuan Public Health Bureau.
Taiwan's top financial regulator has relaxed restrictions on the business scope of offshore banking units (OBUs) of local banks and offshore securities units (OSUs) of local brokerages in a bid to boost turnover of the local market.
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Lenovo Group Ltd., the world's biggest maker of personal computers, introduced its latest Yoga tablet computer line, which features a built-in projector, in Taiwan on Wednesday.
Shares of Altek Co. (華晶科) yesterday surged 7 percent, the maximum allowable intraday movement on the TAIEX on rumors that the company may supply dual-camera modules for Apple's iPhone 7 handset to be released far in the future.
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