Home / Business

ECB losses drag on Nanya Technology

By Lisa Wang

Nanya Technology Corp (南亞科技), the nation’s biggest DRAM supplier, yesterday said valuation losses from its exchangeable corporate bonds (ECB) continued to eat into its bottom line last quarter, offsetting gains made by disposing of Micron Technology Inc shares. The company booked NT$6.86 billion (US$227 million) inFULL STORY

Motech, Gigasolar ink joint venture pact

By Lisa Wang

Solar cell maker Motech Industries Inc (茂迪) yesterday said it signed a solar module manufacturing venture agreement with solar paste maker Gigasolar Materials Corp (碩禾) to jointly source business opportunities in the solar industry supply chain. The strategic alliance comes as solar companies grapple with prolongedFULL STORY

ECCT calls for increased government transparency

By Crystal Hsu

The European Chamber of Commerce Taiwan (ECCT) yesterday called on the government to enhance transparency and predictability in drafting business rules and guidelines to benefit all stakeholders and the economy as a whole. The group made the plea after cohosting an annual forum on international governmentFULL STORY

Taiwanese firms should spread efforts regionally

By Ted Chen

As Taiwanese businesses continue to diversify from China to Southeast Asia, they would benefit from spreading their efforts across the region, instead of just concentrated on Singapore and Vietnam, DBS Bank said yesterday. “There is still a lot of room for Taiwanese businesses to expand inFULL STORY

Lealea to build Taiwan BOPA plant next year

By Kuo Chia-erh

Lealea Enterprise Co (力麗), which makes polyester yarn, yesterday said it is to build a plant in Taiwan next year to manufacture biaxially oriented nylon (BOPA) films through one of its subsidiaries, eyeing business potential in the food packaging market. Its subsidiary, Li Ling Film CoFULL STORY

Three generators malfunction; power reserve at 1.8GW

By Kuo Chia-erh

Two power generators at Ho-ping Power Co (和平電廠) and one at Mailiao Power Co (麥寮汽電) yesterday went offline, reducing combined power supplies by 1.8 gigawatts (GW), state-run Taiwan Power Co (Taipower, 台電) said. The unexpected shut down of a generator at Ho-ping Power Co shut downFULL STORY

CCIS calls for investment into financial technology

By Ted Chen

China Credit Information Service Ltd (CCIS, 中華徵信所) yesterday urged the nation’s financial sector to step up investments in financial technology (fintech) to improve their return on asset performance and competitiveness against peers in Asia. Although local financial holding companies dedicated more than half of their developmentFULL STORY

Average age of properties tops 29 years: agents

By Crystal Hsu

Housing in the nation is increasingly aging, with the average age of properties reaching 29.5 years in the first half of this year, raising concerns over the safety of older buildings, property brokers said. As of June, there were 8.54 million properties in Taiwan, with anFULL STORY

Hong Kong IPOs headed for worst year since 2012

Hong Kong’s market for initial public offerings (IPOs) is heading for its worst year since 2012 as a combined US$20 billion of megadeals are being pushed to next year. State-owned China Tower Corp (中國鐵塔) was scheduled to be one of this year’s biggest deals, with aFULL STORY

Taiwan Business Quick Take

INVESTMENT Ministry wary about FTC fine The Ministry of Economic Affairs yesterday expressed concern that the Fair Trade Commission’s (FTC) NT$23.4 billion (US$774.7 million) fine against Qualcomm Inc will undermine the overall atmosphere of foreign direct investment in the nation in the long term. Qualcomm has beenFULL STORY

Britain proposes tougher M&A rules

Britain wants more say over deals in its military and technology sectors, as the government tries to prevent homegrown companies in sensitive industries from falling into foreign hands. The proposals, announced yesterday as part of a broader consultation on potential changes to takeover rules, mark aFULL STORY

Colony Capital in talks to buy The Weinstein Co

The Weinstein Co has entered talks to sell the bulk of its assets to private equity firm Colony NorthStar (formerly Colony Capital), the companies said on Monday, as the film production company looks for stability after firing cofounder Harvey Weinstein. Cochairman Bob Weinstein, Harvey’s brother andFULL STORY

Netflix adds 5m subscribers and doubles its profit

Netflix on Monday said it added about 5 million new subscribers over the past three months as profits doubled, in a quarterly update that sent shares of the streaming video giant higher. California-based Netflix ended the third quarter of the year with more than 104 millionFULL STORY

Toys ‘R’ Us mulls options for its US$2bn Asia unit

Toys “R” Us Inc, the retailer which has filed for bankruptcy in North America, has been exploring options for its growing Asian business including a potential initial public offering, people with knowledge of the matter said. The US chain and its local joint venture partner, theFULL STORY

Airbus, Bombardier to form partnership

In the face of a bitter trade dispute with Boeing Co, Airbus SE announced it would take a majority stake in Bombardier’s marquee C-Series airliner program, as the Canadian firm battles a stiff tariff ruling in the US. The landmark agreement comes after the US administrationFULL STORY

World Business Quick Take

AVIATION Alitalia bid likely to drag Deutsche Lufthansa AG and British budget airline easyJet are two of seven companies that on Monday bid for Alitalia, but the process to rescue Italy’s ailing flag carrier is likely to drag out until late next year. Alitalia, which has madeFULL STORY

More :
Date Range : Past 7 Days Custom Date Range
TOP top