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First rise in export orders in 13 months

By Lisa Wang

Export orders last month posted the first annual growth in 13 months to US$43.8 billion, driven by increasing orders for smartphones, 5G chips and machine tools amid easing US-China trade tensions, the Ministry of Economic Affairs said yesterday. Different from customs-cleared exports, export orders are aFULL STORY

TAIEX ends Year of the Pig up 22%

By Crystal Hsu

The TAIEX yesterday rose 0.24 percent to 12,118.71 points to close out the Year of the Pig with a 22 percent gain. On the last trading day of the old lunar year, global investors sought to take advantage of Taiwanese tech firms involved in the 5GFULL STORY

Economic confidence grows

By Kao Shih-ching

Public confidence in the nation’s economy and equity investments improved this month from last month in light of reduced economic uncertainty after the US and China’s trade tensions eased, a Cathay Financial Holding Co (國泰金控) survey found. The poll, released yesterday, found that 35.8 percent ofFULL STORY

Delta Electronics, GKN Automotive to collaborate

By Lisa Wang

Delta Electronics Inc (台達電) is collaborating with UK-based GKN Automotive Ltd to develop new-generation three-in-one eDrive systems for battery electric and hybrid vehicles, the two companies said in a statement yesterday. The nation’s biggest power and thermal solutions provider is to provide inverters to beFULL STORY

AI ‘needs to be regulated,’ Alphabet boss Pichai says

Alphabet Inc chief executive officer Sundar Pichai yesterday urged the US and EU to coordinate regulatory approaches on artificial intelligence (AI), calling their alignment “critical.” In a rare public speech in Brussels at an event hosted by the European economic think tank Bruegel, Pichai, who isFULL STORY

Outlook for Fulgent Sun remains positive: Taishin

By Chen Cheng-hui

The outlook this year for shoemaker Fulgent Sun International Holding Co (鈺齊國際) is expected to remain positive, thanks to product mix optimization, bigger economies of scale and effective cost control, Taishin Securities Investment Advisory Co (台新投顧) said. The company’s strong growth momentum is likely to continueFULL STORY

FDI at fourth-highest level on record

Foreign direct investment (FDI) approved by the government last year fell from a year earlier, but still hit the fourth-highest level on record because of investments in the local semiconductor and renewable energy sectors, the Investment Commission said yesterday. Approved FDI was US$11.20 billion, down 2.14FULL STORY

Rupiah set to take baht’s crown as strongest currency

The Thai baht was Asia’s best-performing currency last year, while this year’s winner looks to have been already decided: the Indonesian rupiah. The currency of Southeast Asia’s most populous nation has rallied for seven straight weeks as the bumper yields offered by local government bonds enticedFULL STORY

Oil jumps amid unrest in Iraq, Libya

Oil prices yesterday jumped back above US$65 a barrel as supply disruptions in Iraq and Libya reignited concerns over the market’s vulnerability to geopolitical risk in key production regions. Futures rose more than 1.7 percent in London and New York. Iraq on Sunday temporarily stoppedFULL STORY

Billionaires now richer than 4.6bn people: Oxfam

The world’s billionaires have doubled in the past decade and are richer than 60 percent of the global population, the UK-based charity Oxfam said yesterday. It said poor women and girls were at the bottom of the scale, putting in “12.5 billion hours of unpaid careFULL STORY

HK airport passenger total drops, first time since 2009

Hong Kong International Airport’s passenger numbers fell for the first time in a decade last year, as months of anti-government protests deterred people from coming to the territory. The airport handled 71.5 million passengers last year, a decline of 4.2 percent from a record 74.6 millionFULL STORY

Nomura seeks dozens of bankers for Asia wealth drive

Nomura Holdings Inc plans to hire dozens of private bankers in Hong Kong and Singapore in a bid to extend its wealth management push from Japan and China to the rest of Asia. The Tokyo-based firm, which has already outlined aggressive plans for China, aims toFULL STORY

JPMorgan to buy Paris building for London euro teams

US bank JPMorgan Chase & Co said it plans to buy a building in central Paris to house up to 450 staff in coming years, as it relocates some services from London after Britain’s exit from the EU. The expansion is expected to make the FrenchFULL STORY

Samsung names new smartphone unit head

Samsung Electronics Co has appointed Roh Tae-moon the head of its smartphone division, tasking a veteran executive with oversight of the world’s largest mobile devices business. Roh, who was formerly the unit’s No. 2 executive, was to take over the top job from Koh Dong-jin asFULL STORY

World Business Quick Take

DEFENSE TECH BAE benefits from merger British defense company BAE Systems PLC has snapped up more than US$2 billion in US defense-technology assets that Raytheon Inc. and United Technologies Corp were forced to sell in order to gain antitrust approval for their merger. BAE said it wouldFULL STORY

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