Lin Kun-chung (林坤鐘) will step down next month as chairman of the Chinese National Federation of Industries (工總). He will be replaced by Ho Jen-shyong (侯貞雄), chairman of Tung Ho Steel Enterprise Corp (東鋼).
"My dropping out of the re-election sets a good example for future chairmen to only serve one term," Lin said yesterday at a press conference to introduce Ho.
Ho was recommended by the business group's board to take up the post, Lin said.
After taking office three years ago, Lin promised to step down after one term and allow new blood to take over. But last month, he expressed interest in running for reelection on April 7, triggering heavy criticism for a failure to keep his word.
The power struggle over the chairmanship intensified after several candidates also announced plans to compete for the job. Candidates included Rock Hsu (許勝雄), chairman of Compal electronics Inc (仁寶) and Taiwan Electrical and Electronic Manufacturers Association (電電公會), and Lin Por-fong (林伯豐), president of Taiwan Glass Industry Corp (台玻).
An ad-hoc coordination task force, headed by Chen Wu-hsiung (
"Once they knew that Ho was willing to take the post, Hsu and Lin both agreed to drop out of the election," Chen said.
Ho, 63, was previously chairman of the government-funded Taiwan Aerospace Corp (
Vowing to do his best to serve the group's 143 members, Ho, however, refused to reveal whether he would appoint any rival candidates as his vice chairmen.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day
Thousands of parents in Singapore are furious after a Cordlife Group Ltd (康盛人生集團), a major operator of cord blood banks in Asia, irreparably damaged their children’s samples through improper handling, with some now pursuing legal action. The ongoing case, one of the worst to hit the largely untested industry, has renewed concerns over companies marketing themselves to anxious parents with mostly unproven assurances. This has implications across the region, given Cordlife’s operations in Hong Kong, Macau, Indonesia, the Philippines and India. The parents paid for years to have their infants’ cord blood stored, with the understanding that the stem cells they contained