Shares of Ruentex Development Co (
Shares of Ruentex advanced by 1.18 percent to close at NT$25.8 on the Taiwan Stock Exchange yesterday.
The project includes a station complex and a multifunction building required by the Taiwan Railway Administration.
Ruentex plans to include in the complex a business hotel, in collaboration with Ambassador Hotel Ltd (
Prior to the Songshan station project, Ruentex also won the BOT project to revamp Nankang Railway Station at the end of last year.
The company hopes to add more value to the land it is developing by turning the stations into tourism and business centers, instead of just transportation hubs, Liu said.
Ruentex is expected to start construction after the administration completes the underground rail project at the station, due by the end of 2010. The company has the right to operate the business facilities for 50 years after construction is complete.
Ruentex outbid Radium Life Tech Co (
The administration is expected to pocket more than NT$3 billion from the project, including a NT$120 million royalty for development of the land, a NT$1.2 billion royalty for operating the complexes for 50 years and a rent of NT$20 million to NT$30 million per year.
In addition to the BOT projects, Ruentex is also teaming up with Chunghwa Telecom Co (
The two signed an agreement on Wednesday to jointly construct luxury apartment buildings on a 2,332-ping (7,695.6m2) site in Wanhua District in Taipei.
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],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
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