The establishment of direct links across the Taiwan Strait may strengthen China's magnetic effects on Taiwan technology and capital while bilateral high-tech competition would sharpen, according to a recent report. \nThe report, conducted by the Chung-Hua Institute for Economic Research (中經院), found that direct trade, transport and postal links would increase China's absorption of Taiwan's expertise and investment, while competition between high technologies on the two sides would become sharper because the focal direction of their industrial development is similar. \nFollowing the entry of Taiwan and China into the WTO, both sides are facing a crossroads in terms of business relocation and industrial transformation, the report said. \nHowever, it pointed out that high-tech competition between the two sides is inevitable and would become fiercer with the opening of the links, especially in the electronics and information sectors. \nThe report noted that electronics product makers surveyed said that if the links are established, they will save about 15.8 percent on product and material transport costs and 25.5 percent on business travel costs. \nIt further found that opening shipping links with Shenzhen or Huangpu ports in Guangdong Province may cut shipping costs by 20 percent, while up to 61 percent would be saved if links were forged with Fujian Province's Xiamen and Fuzhou ports. \nSetting up shipping ties with Shanghai or Qingdao will also slash costs by 52 percent and 60 percent, respectively, according to the report.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price
NOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenue Chunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Subscribers would have unlimited data transmission for monthly fees starting at NT$1,399 — the same flat rate as when the company launched its 4G service in 2014 — and they can subscribe to the highest-rate plan for NT$2,699 per month for faster data transmission speeds and larger bandwidth, the company said. Data transmission speeds would be within the range
ROW: A probe would determine if the rights of shareholders who were not allowed to vote yesterday had been violated, while the stock exchange also wants answers The election of board directors yesterday at Tatung Co (大同) sparked controversy after the company blocked some institutional and individual shareholders from participating in the general shareholders’ meeting, prompting the Financial Supervisory Commission (FSC) to announce that the vote would be investigated. Lin Kuo Wen-yen (林郭文艷) was re-elected as chairwoman of the household-appliance maker’s nine-member board, but prior to the vote she announced that several shareholders would not have voting rights. They were being denied a vote because they had contravened the Business Mergers and Acquisitions Act (企業併購法), and the Act Governing Relations Between the People of the Taiwan Area and