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Saturday, August 30, 2014
Taiwan -- APT to snub rival, launch 4G network later this year
Asia Pacific Telecom (APT,亞太電信) Chairman Lu Fang-ming (呂芳銘) yesterday stated that shifting its 4G network launch date from the first quarter of next year to before the end of this year is the best path for the company, he said at the firm's extraordinaire shareholders' conference.
Tax revenues in the first seven months reached a new high of NT$1.19 trillion, with securities trading tax revenues surging 34.3 percent to hit a three-year high of NT$54.1 billion.
Transfers of non-investment life insurance policies sold in Taiwan became effective Friday in a bid to meet a wide range of different fund needs of insurance policyholders, according the Financial Supervisory Commission (FSC,金融監督管理委員會).
Shares in Taiwan closed lower Friday, extending losses from a session earlier in the wake of losses posted on Wall Street overnight amid renewed geopolitical concerns related to Ukraine, dealers said.
The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.005 to close at the day's high of NT$29.970 as the greenback recouped its earlier losses on the back of local central bank intervention, dealers said.
Jih Sun International Commercial Bank (日盛國際商銀), the banking arm of Taiwan-based Jih Sun Financial Holding Co. (日盛金控), opened a representative office in Hong Kong Friday, establishing its first overseas foothold.
Friday, August 29, 2014
Acer Inc. (宏碁) said Thursday it has established a venture capital fund to seek out long-term investments that will strengthen its technology development and promise good financial returns.
The Financial Supervisory Commission (FSC, 金管會), Taiwan's top financial regulator, expects the number of small businesses registered on the local incubation board to hit 300 in four years.
The board of directors of Taiwan's United Microelectronics Corp. (UMC, 聯電), the world's No. 3 contract chipmaker, on Thursday approved a plan to form a chip production joint venture with Japan's Fujitsu Semiconductor Ltd.
Taiwan's Asustek Computer Inc. (華碩科技) said Thursday that it is aiming to be the top smartphone maker in the local market for the rest of the year as the company will boost its inventory from September.
  
  
  
  
  
  
  
  
  
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