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St Shine announces record dividend

By Ted Chen

St Shine Optical Co Ltd (精華光學), the nation’s biggest contact lens maker, last week announced it would distribute a record high dividend on strong earnings recorded last year, but a foreign brokerage gave a reserved outlook for this year due to a lack of growthFULL STORY

Tong Yang plans higher dividend on record profit

By Kuo Chia-erh

Tong Yang Industry Co (東陽實業), which supplies automotive parts to global brands, on Friday said that its board has proposed a cash dividend of NT$2.12 per common share, compared with NT$1.4 last year. The higher dividend reflects a record net profit posted for last year, TongFULL STORY

OPEC, non-members extend oil output cuts

A joint committee of ministers from OPEC and non-OPEC oil producers recommended extending a global deal to reduce oil output by six months, a draft press release from their meeting yesterday showed. OPEC and non-member oil-producing countries were meeting in Kuwait to review progress with theirFULL STORY

INTERVIEW: Eslite Hotel plans to stand out with quality service

Taipei Times (TT): Eslite Hotel (誠品行旅) has recently increased its exposure after two years of low-key operations. What is driving the change? Tony Wang (王本仁): There is ample room for improvement in terms of marketing strategy and financial performance. Occupancy rates stood at 30 percent inFULL STORY

CPC cuts gasoline, diesel prices on falling crude oil

State-owned oil refiner CPC Corp, Taiwan (CPC, 台灣中油) yesterday announced that it would today cut gasoline prices by NT$0.2 and diesel prices by NT$0.3 per liter to reflect a decline in international crude oil prices last week. CPC said its average crude oil costs last weekFULL STORY

Start-up uses AI to pluck images from video feeds

If you are a brand advertiser at a car or cereal company, you might want to know when your product appears, unscripted, in hundreds of hours of TV shows or online videos. How to track that without watching all of it? An artificial intelligence start-upFULL STORY

Tech world debate on jobs lost to robots intensifies

Although technology has long affected the labor force, recent advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations, including highly skilled or “knowledge-based” jobs. Of 700 occupations in the US, 47 percent are at “high risk” from automation,FULL STORY

Three key markets lift Brazil meat ban

Brazil on Saturday won a major victory in the fight to restore credibility amid a tainted meat scandal, with key markets China, Egypt and Chile lifting their bans on its products. The three countries, which had totally closed their markets to Brazilian meat at the beginningFULL STORY

Trump’s US jobs push might open Mexico to China

US President Donald Trump’s push to force US firms to bring jobs home is opening investment avenues for Chinese companies in Mexico, an executive with the Industrial and Commercial Bank of China Ltd (ICBC, 中國工商銀行), the country’s largest lender, said on Friday. Fears of a hitFULL STORY

Uber grounds self-driving car fleet

Uber Technologies Inc has grounded its fleet of self-driving cars pending an investigation into the crash of an Uber autonomous vehicle in Arizona, a spokesperson for the car-hailing service said yesterday. No one was seriously injured in the accident, which occurred on Friday in Tempe, Arizona,FULL STORY

Beijing court overturns sales ban on iPhone 6

A Beijing court has overturned a ruling that Apple Inc’s iPhone 6 violated a Chinese manufacturer’s patent which saw the US tech giant ordered to cease selling the smartphone in China. The Beijing Intellectual Property Office in May last year had ruled that Apple violated designFULL STORY

Tesla to take orders for its solar roof next month

Tesla Motors Inc is ready to start taking deposits for its solar roof tiles. The company will begin taking orders next month, chief executive officer Elon Musk said on Twitter on Friday. The company has not disclosed detailed pricing on the tiles, but that would presumablyFULL STORY

Businesses hit by ‘devil’s waters’ of S Korean ferry

When South Korea’s Sewol ferry sank three years ago killing more than 300 people, it also devastated businesses close to the wreck site. Now owners hope its salvage will herald a change in their fortunes. The ship went down in an archipelago off southwestern South Korea,FULL STORY

World Business Quick Take

MEXICO Government monitoring oil The government plans “without a doubt” to protect the country against low crude prices for next year, Deputy Minister of Finance Vanessa Rubio said in an interview, in a continuation of what has become the world’s largest commodities hedging program. The amount ofFULL STORY

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