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Tatung calls for stricter stock controls

By Kao Shih-ching

Tatung Co (大同) has urged the government to fix legal loopholes after a Hong Kong company was caught by the Financial Supervisory Commission (FSC) purchasing its shares illegally three times in two years. “Other Taiwanese companies face similar situations to ours. There must be loopholes inFULL STORY

FAT no longer accepting cryptocurrency purchases

Far Eastern Air Transport Corp (FAT, 遠東航空) has voluntarily stopped accepting Airline and Life Networking Tokens (ALLN) — a cryptocurrency — for ticket purchases, due to concerns that doing so could disrupt the market order and lead to a race to the bottom, the CivilFULL STORY

CPC plans to move Indian project

By Chen Cheng-hui

State-owned oil refiner CPC Corp, Taiwan (台灣中油) has decided to scrap a planned petrochemical project at the Mundra special economic zone in India’s Gujarat State after viewing an assessment of the Indian project. Based on the assessment conducted by consulting firm Axens Horizon, the proposed IndianFULL STORY

Hon Hai, Sakai Display to open 8K plant in China

A high-definition 8K flat-panel plant in Guangzhou Province, China is expected to begin mass production in September under the corporate umbrella of Hon Hai Precision Industry Co (鴻海), a Chinese media report published on Saturday said. Chen Yong (陳勇), the Guangzhou representative of the ChineseFULL STORY

Analysts see Nike orders boosting Paiho

By Chen Cheng-hui

New orders from Nike Inc are expected to boost prospects this year for Taiwan Paiho Ltd (台灣百和), ending a slump for the supplier of shoelaces, elastic tape and fasteners for global sports brands, analysts said last week. “Nike Inc sought Paiho’s cooperation to develop a one-pieceFULL STORY

Tariffs extended for some PRC-made footwear

By Chen Cheng-hui

Anti-dumping duties of between 4.56 percent and 43.46 percent will continue to be imposed on certain Chinese-made footwear for five more years, the Ministry of Finance said on Thursday. The announcement followed the ministry’s second “sunset review” to decide whether to continue imposing such duties untilFULL STORY

Tong Yang pre-tax profit falls 18.87%

By Chen Cheng-hui

Automotive metal sheet and bumper manufacturer Tong Yang Industry Co’s (東陽) pretax profit last year fell 18.87 percent to NT$2.44 billion (US$79.1 million) from NT$3.01 billion. Earnings per share was NT$4.05, it said on Tuesday. The declining income was due to lower revenue in the aftermarket (AM)FULL STORY

Demand for 400G switches could boost Accton’s sales

By Chen Cheng-hui

Accton Technology Corp (智邦科技) should see robust sales growth this year, due to strong demand for 400-gigabit (400G) switches, CL Securities Taiwan Co Ltd (台灣匯立證券) said last week. “We believe Accton’s 400G switch sales will pick up strongly in 2Q 2019 thanks to an attractive 400GFULL STORY

Taiwan Business Quick Take

MANUFACTURING Hiwin growth forecast Machinery maker Hiwin Technologies Co (上銀) could achieve double-digit growth in annual revenue this year, with the second half of the year likely to be better than the first half, the Chinese-language Economic Daily News reported on Saturday, citing company chairman Eric Chuo’sFULL STORY

China to address US trade imbalance2019-01-20

China has offered to go on a six-year buying spree to ramp up imports from the US in a move that would reconfigure the relationship between the world’s two largest economies, officials familiar with the negotiations said. The offer implies raising the annual import total fromFULL STORY

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