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Group takes over Twin Towers

By Crystal Hsu

A local consortium is to take over development of the Twin Towers project near Taipei Railway Station after the original winner of the contract was removed due to national security concerns, the Taipei City Government said yesterday. The local group — consisting of contract computer makerFULL STORY

Taimide launches PI film production line in Miaoli

By Lisa Wang

Taimide Technology Inc (達邁科技) yesterday launched a new production line in Miaoli County, boosting its polyimide (PI) film capacity by 40 percent as it targets the growing demand for 5G foldable smartphones. Taimide spent NT$1.8 billion (US$58.8 million), its biggest ever investment, building a new productionFULL STORY

Surveillance set to be boosted by 5G

By Natasha Li

Outdoor surveillance cameras are to become the largest global market for 5G Internet of Things (IoT) solutions over the next three years, market researcher Gartner Inc said in a report on Thursday. The number of 5G IoT installed endpoints for outdoor surveillance cameras would reach 2.5FULL STORY

Nexgen Mediatech unveils new 120-inch U-series TV

By Kwan Shin-han

Nexgen Mediatech Inc (新視代科技), a wholly owned subsidiary of Chi Mei Corp (奇美實業), yesterday released a 120-inch U-series LED TV with 4K resolution, as the company aims to grab market share in the high-end TV market. The new product surpassed its 98-inch model, which it releasedFULL STORY

FSC to lower rates for savings-type insurance policies

By Kao Shih-ching

The Financial Supervisory Commission (FSC) is to lower the discount rates for savings-type insurance policies to help local insurers improve their financial strength, commission Chairman Wellington Koo (顧立雄) said on Thursday. Discount rates are used by insurance companies to evaluate their liabilities at market value andFULL STORY

Formosa Taffeta to buy 50% stake in Schoeller Textile

By Kwan Shin-han

Formosa Taffeta Co (FTC, 福懋興業), a textile affiliate of Formosa Plastics Group (FPG, 台塑集團), plans to invest up to 40 million Swiss francs (US$40.55 million) in Schoeller Textil AG next year to deepen its cooperation with the Swiss textile manufacturer and increase its market shareFULL STORY

China GDP growth slows to 6%

China’s economy expanded at its slowest rate in nearly three decades in the third quarter, hit by cooling domestic demand and a protracted US trade dispute, official data showed yesterday. The Chinese economy grew 6.0 percent in the third quarter compared with 6.2 percent in theFULL STORY

Cathay Pacific cuts earnings outlook on HK protests

Cathay Pacific Airways Ltd (國泰航空) has cut its earnings outlook after passenger traffic fell for a second consecutive month, as protests that have put intense pressure on the carrier continued to disrupt travel and business in Hong Kong. Second-half financial results would be lower than thoseFULL STORY

More than US-China deal needed to boost GDP: IMF

New IMF managing director Kristalina Georgieva on Thursday said that a trade truce between the US and China could trim expected losses to the world economy, but would not be enough to produce strong global growth. Before last week’s tentative trade agreement, the IMF had estimatedFULL STORY

Juul halts sales of fruit, dessert e-cigarette flavors

Juul Labs Inc on Thursday stopped selling fruit and dessert e-cigarette flavors, acknowledging the public’s “lack of trust” in the vaping industry. The voluntary step is the company’s latest attempt to weather a growing political backlash that blames its flavored nicotine products for hooking a generationFULL STORY

Yandex declares self-driving milestone

Yandex NV, Russia’s largest Internet firm, said its self-driving vehicles have passed 1 million miles (1.6 million kilometers) in fully autonomous driving mode since it started testing the technology in December 2017, joining an elite group in the emerging robotaxi industry. The milestone matters for Yandex’sFULL STORY

Netflix and Amazon facing censorship in India, source says

India is deliberating potential censorship on streaming platforms such as Netflix and Amazon Prime Video, a senior government source said. While film and TV certification bodies already moderate public content in India, the nation’s laws do not allow for censorship of content on the increasingly popularFULL STORY

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