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Allianz Taiwan says on target for growth

By Crystal Hsu

Allianz Taiwan Life Insurance Co (安聯人壽) is already more than halfway toward its goal of 20 percent growth in total premiums this year, owing to fast-growing sales of unit-linked policies, company executives said last week. As of last month, gross written premiums (GWP) reached NT$50 billionFULL STORY

Taiwanese show interest in Tokyo property

Sinyi Realty Inc (信義房屋), one of the nation’s leading property sales agencies, on Saturday said that the weakness of the yen has not only attracted Taiwanese travelers, but also potential home buyers who are eager to take advantage of foreign exchange gains. Kenny Ho (何偉宏),FULL STORY

Giga Solar purchases solar power station in Fukuoka

Giga Solar Materials Corp (碩禾電子) has acquired a solar power station in Fukuoka Prefecture, Japan. The Taiwanese solar-cell material supplier said that it spent ¥1.8 billion (US$14.51 million) to acquire the station on Kyushu with a planned capacity of 4 megawatts (MW). Market analysts saidFULL STORY

Softbank announces next Peppers sale to be July 31

One thousand more “Pepper” robots developed by Japanese telecom giant Softbank Corp and Hon Hai Precision Industry Co (鴻海精密) will be released onto the Japanese market on July 31, Softbank said. The first batch of robots, released on June 20, sold out within one minute. Pepper,FULL STORY

HTC hires British model Kelly Brook to tout phone

HTC Corp (宏達電) has hired Kelly Brook, a top British model to promote its flagship HTC One M9 in the UK. In a series of videos and photographs, Brook models a gown made out of liquid gold to celebrate the launch of the gold editionFULL STORY

CPC cuts prices as OPEC output boost lowers crude costs

By Lisa Wang

State-run oil refiner CPC Corp, Taiwan (CPC, 中油) yesterday said it would lower gasoline and diesel prices by NT$0.1 per liter from today as a boost of output from OPEC members and an unexpected rise in the US strategic petroleum reserves added to an alreadyFULL STORY

Markets must be further liberalized: FSC’s Tseng

Taiwan needs to further liberalize its financial markets or risk falling behind its neighbors, the nation’s top financial regulator said. Since taking office in 2013, Financial Supervisory Commission (FSC) Chairman William Tseng (曾銘宗) has increased the maximum daily limit for how much stocks can rise orFULL STORY

INTERVIEW: The Lalu aggressively pursuing expansion

Taipei Times (TT): Shining Group (鄉林集團), the parent group of The Lalu (涵碧樓), has unveiled an aggressive overseas expansion plan for the brand. Could you give us more details? Didier Belmonte: Group chairman Lai Cheng-i (賴正鎰) unveiled a plan to open 30 resorts under the LaluFULL STORY

ECB readies post-vote regional support

The European Central Bank (ECB) claims it can calm any regional market turmoil that follows Greece’s referendum yesterday. Saving the country’s banking system will be harder. With two asset-buying programs, international swap lines, backstops for eastern Europe and cash tenders in place, the ECB has aFULL STORY

Greece could be facing currency woes

Introducing a new currency is no small feat. Recent cases — East Germany’s adoption of the deutsche mark, the Czech-Slovak divorce of 1993, and the creation of the euro itself — benefited from years of careful planning and broad popular support. If Greece were toFULL STORY

China freezes IPOs to stem market tumble

China is suspending initial public offerings (IPOs), creating a market stabilization fund and telling investors not to panic in an effort to shore up its stock market, which has had the largest three-week drop since 1992. According to company filings to the exchanges on Saturday evening,FULL STORY

Concerns over US winter wheat may boost prices

Market concerns about the quantity and quality of the US winter wheat crop being harvested and the dry conditions in other wheat-producing nations have sparked an unexpected run up in recent weeks to wheat prices. Normally, the flood of new grain coming in at harvest timeFULL STORY

Osborne set to curb housing benefit as part of new budget

British Chancellor of the Exchequer George Osborne is likely to start his crackdown on welfare in Wednesday’s budget by making higher-earning tenants in taxpayer-subsidized housing pay market rent. From 2017, people earning more than £40,000 (US$62,000) in London and £30,000 in the rest of England livingFULL STORY

World Business Quick Take

INVESTMENT Manila plans bond offering The Philippines may offer about US$750 million of global bonds next year while seeking to keep domestic funding elevated. Manila plans to borrow 747 billion pesos (US$16.6 billion) next year, and will probably sell 33 billion pesos of global bonds, Philippines TreasurerFULL STORY

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