Tax revenues rose last month
The nation's treasury took in NT$86.5 billion (US$2.63 billion) in tax revenues last month, up by 3.7 percent from a year ago, the Ministry of Finance said yesterday.
Among the main tax categories, the biggest increase was recorded in income tax revenues, which rose NT$5.1 billion, or 13 percent, to NT$44.56 billion.
Revenues from the securities transaction tax dropped by 10 percent to NT$6.3 billion last month because unstable domestic politics weakened stock transactions, said Hsu Ray-lin (許瑞琳), deputy director of the ministry's statistics department.
The average daily stock turn-over last month stood at NT$75.3 billion compared with NT$79.6 billion recorded a year ago.
For the first eight months of the year, tax revenues reached NT$1.08 trillion, up 2.2 percent year on year. The figure accounts for 73.4 percent of the government's target set for the whole year, Hsu said.
Mergers reach NT$268.30bn
Since the Company Merger Law (公司合併法) was put into practice in 2002, the total value of all mergers has reached NT$268.38 billion (US$8.18 billion), the Council for Economic Planning and Development (CEPD) said yesterday.
The CEPD said that 616 corporate mergers or acquisitions have been reported during the period.
The officials said small-sized and medium-sized companies that have paid-in capital of under NT$500 million have the highest merger rates at 54.2 percent, followed by companies with paid-in capital of over NT$2 billion at 14.4 percent.
In terms of the sectors involved in the total mergers, officials said mechanical engineering accounted for 9.6 percent, electronics 8.4 percent, food 8.4 percent and communications 7.2 percent.
Ericsson chooses Taiwan
Swedish telecom giant Ericsson has chosen Taiwan as the headquarters for its mobile telecommunications technology development unit in the greater China area, a spokeswoman for Ericsson Taiwan said yesterday.
"Greater China houses important customers for Ericsson. So, Ericsson Mobile Platform [EMP] has established its greater China headquarters here to service our customers in Taiwan, Hong Kong and China," the spokeswoman said.
EMP is a business unit within Ericsson charged with developing and providing various systems for mobile phone networks.
The greater China EMP headquarters now has 22 research and development staffers, the spokeswoman said.
Big German presence planned
Taiwan is expected to be the second-largest exhibitor at the Automechanika 2006 show, which will be held in Germany from Sept. 12 to Sept. 17, the Taiwan External Trade Development Council (TAITRA, 外貿協會) announced in a report that was released yesterday.
A total of 550 companies from Taiwan will take part in Automechanika 2006 in Frankfurt -- the leading international trade fair for the automotive industry -- making Taiwan the second-largest exhibitor this year after Italy, TAITRA officials said.
More than 4,500 companies from 72 countries have registered to take part in the show, which features the state-of-the-art automobile products, techniques and trade information in an exhibition area of 27,900m2, according to TAITRA officials.
NT dollar continues slide
The New Taiwan dollar has continued to lose ground against its US counterpart.
It declined NT$0.020 to close at NT$32.880 on the Taipei foreign exchange market. Turnover was US$629 million.
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
STAYING AHEAD: TSMC expects its sales this year to grow 14 to 19 percent and could spend up to US$3.52 billion on research and development, leaving its rivals far behind Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) reported that the US last year approved 99 percent of its patent applications, which placed the tech giant among the top patent holders in the US. In its Corporate Social Responsibility Report, TSMC said it last year secured about 3,600 patents worldwide, including more than 2,300 in the US. As of the end of last year, TSMC owned more than 39,000 patents, the report said. The company last year filed almost 6,500 patent applications worldwide and ranked among the top 10 patent applicants in the US. In Taiwan, it was the largest patent applicant for the fourth