Long Life to be sold in China \n \nThe nation's most popular cigarettes, Long Life, will be sold in China next year, Morgan Hwang (黃營杉), president of the Taiwan Tobacco and Liquor Corp (台灣菸酒公司), said yesterday. \nHwang, who visited Chinese authorities in charge of tobacco monopoly sales recently, said Long Life will be sold in the Chinese market through a Chinese company in Hong Kong and Taiwanese distributors in various parts of China. \nHe estimated that sales of Long Life in China could reach 2 million cases per year, roughly equal to its sales in Taiwan. \nHis company will begin to select distributors soon. \nChina imposes duties on PVCs \n \nChina imposed import duties on polyvinyl-chlorides, or PVCs, from Taiwan, the US, Japan, South Korea and Russia because they sold the product at below cost in the country, cutting the profit of local producers, the Ministry of Commerce said in a statement on its Web site. \nCompanies that export PVCs to China will be forced to pay duties based on the amount they sell and the price charged. \nThe additional duties will be in place for five years starting today, the Beijing-based ministry said. \nRepurchase tax considered \n \nThe country is considering imposing a tax on interest earned from temporary purchases of bonds, transactions known as repurchase agreements. \nThe government hasn't made a decision, said Joanne Ling (凌忠嫄), income tax director at the Ministry of Finance, denying a Chinese-language newspaper report. \nThe move would help reduce tax evasion by wealthy individuals, the report said. \nThe government is proposing the biggest-ever budget deficit next year, calling for the shortfall to widen 13 percent to NT$257.4 billion (US$7.6 billion). \nA tax on interest income may become applicable after the government changed accounting rules to treat repurchase transactions as a form of financing, Ling said. \nIn repurchase agreements, a bondholder such as an insurer sells securities to an investor such as a mutual fund for a set period, often for one day. At maturity, the securities are returned to the seller and the cash to the buyer. \nSeminar to discuss EPZs \n \nThe Economic Processing Zone Administration under the Ministry of Economic Affairs will host a seminar in Kaohsiung today to introduce the investment climate in various newly built economic processing zones (EPZs), such as the Pingtung and Touliu EPZs, a spokesman for the administration said yesterday. \nThe administration will invite potential investors and companies from related industries to the seminar, the spokesman said. \nBusinesses approved to set up plants in those EPZs will enjoy low rent and investment incentives provided by the government, including a free-trade port area to be set up by the administration to help them sell to the world, he added. \nNT dollar strengthens \n \nThe New Taiwan dollar yesterday traded higher against its US counterpart, up NT$0.001 to close at NT$33.790 on the Taipei Foreign Exchange. Turnover was US$898 million. \nThe NT dollar pared gains on trader speculation the central bank sold its currency to prevent exporters' month-end demand from extending its gains, which threaten to slow exports. \n"There's speculation that the central bank sold the NT dollar," said Jerry Ho, a foreign exchange trader at International Bank of Taipei (台北商銀). "It's probably anticipation of rising NT dollar demand from exporters toward the end of the month" that prompted the central bank to sell to prevent the currency from "rising too fast."
DEVELOPING TALENT: The electronics contractor is looking to recruit people to work in core tech fields and emerging industries like electric cars and robotics Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, has launched a recruitment drive, offering a monthly salary of no less than NT$45,000 (US$1,485) to university graduates. For those with a master’s degree, the starting pay would be NT$52,000 per month at the minimum, while doctorate degree holders would receive at least NT$60,000 a month, Hon Hai said a statement issued early this week. The latest recruitment drive is aimed at attracting talent in core technology fields — artificial intelligence, semiconductors and next-generation mobile communications — and emerging industries — electric vehicles, digital healthcare and robotics, the
MRT TRAVEL FALLS: In February, ridership on the Taipei MRT System fell 8.96 percent from an average of 2.01 million per day in January Scooter sales jumped 13 percent last month as more commuters turned to two-wheelers to avoid public transportation amid the COVID-19 pandemic, the latest statistics showed. Sales expanded to 74,493 units last month, compared with 65,913 units in February, statistics released on Wednesday by Kwang Yang Motor Co (光陽工業) and the Ministry of Transportation and Communications showed. In the first quarter, aggregate sales slid 0.51 percent year-over-year to 186,627 units, from 187,580 units, data showed. Kwang Yang, the nation’s biggest scooter manufacturer, continued to lead the market by selling 24,136 vehicles last month, growing 6.12 percent from 20,785 units in the previous month, while
Asustek Computer Inc (華碩), the nation’s leading PC vendor, yesterday launched its first dual-screen gaming laptop powered by Intel Corp’s latest central processing units (CPUs). The PC manufacturer’s announcement closely followed the US chipmaker’s unveiling of its 10th Generation Core H-series, the fastest commercial mobile processors with speeds of up to 5 gigahertz. Although Asustek’s Zephyrus Duo 15, the highlight of its Republic of Gamers line, is not the company’s first laptop with two screens, it is its first designed specifically for gaming. Nestled between the primary display panel and the keyboard, the secondary display, which Asustek calls the ScreenPad Plus, is angled
NO ILL EFFECT: Last month’s data mainly reflected deals made in February, when the spread of COVID-19 was still relatively mild in Taiwan, housing brokers said Housing transactions in the six special municipalities totaled 19,824 units last month, up 7.8 percent from a year earlier, brokers said, citing government data. Last month’s data mainly reflected deals made in February, when the pinch of the COVID-19 pandemic was not yet evident, they said. Taoyuan posted the largest improvement, with housing transactions soaring 36.6 percent year-on-year to 3,676 units, local government data showed. Taiwan Realty Co (台灣房屋) attributed the pickup to the completion of two presale residential projects in the municipality. Houses in Taoyuan have increasingly gained in popularity in the past few year years due to relatively affordable home prices and