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February, 24, 2017

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Business > Company Focus
Shihlien Chemical Industrial looks to diversify production and investments
Shihlien Chemical Industrial Jiangsu Co., Ltd. is planning to invest US$180 million in the production of health-related products in order to increase its profits and elevate its corporate image.
 
'Le Cost Killer' Ghosn quits as Nissan CEO, stays chair
Nissan chief executive Carlos Ghosn said on Thursday he will quit the post to focus on overhauling scandal-hit Mitsubishi Motors, but will stay on as chairman at the Japanese automaker he was credited with saving.
 
TSMC says to raise R&D spending by 15% in 2017
Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the world's largest contract chipmaker, said it would spend 15 percent more on research and development this year, as the 7-nanometer (nm) wafer is scheduled to undergo risk production in the first quarter and begin mass producing by 2018.
 
Global intelligent systems provider Advantech (研華) on Thursday announced earnings per share (EPS) of NT$8.96 for 2016, the highest the firm has seen since going public 18 years ago.
 
Australian carrier Qantas Airways posted Thursday a 7.5 percent hit to first half earnings, impacted by lower fares, greater competition and empty seats.
 
British bank Barclays returned to profit in 2016 after slashing provisions set aside for legal and compensation costs linked to foreign exchange and insurance scandals, it said Thursday.
 
Ex-EVA Air chair plans return to airline industry
Former EVA Air Chairman Chang Kuo-wei -- ousted by his half-brothers in a board-room coup last year -- will announce his comeback plan to the airline industry in the next few months, his spokesman was cited as revealing Wednesday.
 
Biotech firm using mushrooms for cancer
Since its establishment in 2009, Zhenjuntang Biotechnology Co. Ltd. (珍菌堂生物科技股份有限公司) has invested more than NT$2.2 billion across the Taiwan Strait to manage 158 operation centers in 21 of China's provinces. The Taipei-based company aims to highlight the alleged benefits of stout camphor fungus, also called "niu zhang zhi" (牛樟芝) in Chinese, a promising medicinal mushroom from Taiwan, in the fight against cancer.
 
Like a bird on a wire
Contestants fix utility poles during a skill competition held by Taiwan Power Company (Taipower) on Wednesday, Feb. 22. The 49th competition of maintenance skills was held on Wednesday in Kaohsiung. The contest attracted more than 902 contestants to take part in 25 different challenges, marking the highest number of participants for three years. Taipower said that the competition was an important stage for allowing employees to demonstrate the professional skills required to do their job, while also providing an opportunity for them to exchange knowledge and experiences.
 
Toshiba's shares skyrocketed over 22 percent Wednesday on hopes it will unload a stake in its prized chip business to shore up a battered balance sheet.
 
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