Corporate governance, currently a red-hot issue in Taiwan, is crucial for companies to raise their competitiveness beyond conventional production and marketing, industry analysts said yesterday.
\n"The issue of corporate governance is of great concern to the private sector and the government right now," Ko Chen-en (
The Ministry of Economic Affairs yesterday gave the green light to Good Way Technology Co’s (東碩資訊) application to invest up to NT$700 million (US$23.1 million) in Taiwan under a three-year program that provides incentives for overseas Taiwanese companies to invest back home. Good Way, which specializes in docking stations and counts Intel Corp among its major clients, plans to set up a manufacturing facility in New Taipei City’s Sijhih District (汐止), the ministry said in a statement. Good Way, which has a research and development facility in Taiwan and only one manufacturing plant — in Kunshan, China — decided to expand its
Business sentiment in all industries last month weakened further as the number of COVID-19 infections escalated, threatening to push the global economy into a recession, the Taiwan Institute of Economic Research (TIER, 台經院) said yesterday. The business confidence gauge for local manufacturers fell 5.31 points to 88.73 from a month earlier, the lowest since January last year, a monthly survey by the Taipei-based institute indicated. Only 19.3 percent of manufacturers remained upbeat about their business outlook in the coming six months, 6 percentage points lower from a month earlier, while companies with a gloomy outlook rose 9.8 percentage points to 36.9 percent,
‘STAY CONNECTED’: Chairman Simon Lin dismissed the pandemic as a short-term issue and forecast a small increase in the firm’s top line and profit margin this year Wistron Corp (緯創), one of Apple Inc’s iPhone assemblers, yesterday said it was upbeat regarding business this year, despite production being halted in India due to the COVID-19 pandemic. “We are under a big threat of course, regarding the coronavirus outbreak, as we encountered a factory shutdown as well as material shortages from the supply chain [in China] … but we believe this is a short-term issue,” Wistron chairman Simon Lin (林憲銘) told investors at an earnings conference in Taipei. He forecast a small annual increase in the company’s top line this year, as well as an increase in its profit margin. The
ENTERTAINMENT Taipei Game Show canceled The Taipei Game Show has been canceled due to the COVID-19 pandemic, the Taipei Computer Association (台北電腦公會) said yesterday. The annual expo was originally scheduled for February, but the association on Jan. 31 postponed it until June 25 to 28 after the WHO declared the outbreak a public health emergency of international concern. As the Central Epidemic Command Center yesterday advised against indoor gatherings of more than 100 people, the association said in a statement that it and most participating companies had agreed to call off the show this year. SEMICONDUCTORS China approves ASE merger The Chinese Ministry of Commerce’s