Apple updates armor
Apple Inc released a software update to keep hackers from running programs remotely, the Computer Emergency Response Team at Carnegie Mellon University said today in a statement. The updates are intended to fix the Mac OS X, Mac OS X Server and iChat software packages that Apple distributes with its personal computers, the national computer security center said. Apple has 4.7 percent of the personal computer market, according to a Jan. 17 report from IDC and Gartner Inc. The Cupertino, California-based company has produced advertisements promoting its operating system as being less vulnerable to viruses and other malicious attacks.
Court pooh-poohs Disney
US media giant Walt Disney Co has lost a court battle in a long-running fight over the copyright of the Winnie the Pooh character, the attorney challenging the company said Friday. A US federal judge in California granted Stephen Slesinger Inc, which claims the rights to Winnie the Pooh, a "summary judgment" that effectively ends Disney's efforts to take back the copyright, attorney Barry Slotnick said. The heirs of Stephen Slesinger, who bought the US rights from Pooh author A.A. Milne in 1930 and began licensing them to Disney in 1961, claim the powerful firm has cheated them out of hundreds of millions of dollars in royalties.
US, Japan scratch tariff
The US and Japan agreed on Friday to remove a key non-tariff barrier to their trade in telecommunications and radio equipment worth nearly US$3 billion a year. They signed a so-called Mutual Recognition Agreement in Washington to make certification of such equipment easier, officials said. Following the pact, Japan will accept results of "conformity assessment" procedures, including product testing and certification, performed by the US that determine if equipment meets Japan's technical requirements.
Contingency plan in place
Taiwan's state-run enterprises have formed special task forces to address possible emergency situations during the nine-day Lunar New Year holiday, officials from the Ministry of Economic Affairs said on Friday. Taiwan Power Co (台電), CPC Corp, Taiwan (台灣中油) and Taiwan Water Corp (台灣自來水) have taken steps to ensure a stable supply of electricity, oil and water during this period, the officials noted. Should a power failure occur during the holiday, the public can call a hotline on 1911, while the water company said that customers can call a toll-free hotline at 0800-000-876 if water supplies fail or leaks occur, officials said.
Circulation hits new record
The amount of NT dollars issued has hit a record high of NT$1.38 trillion (US$41.75 billion), Taiwan's central bank said on Friday. The amount of currency issued often peaks on the day before Lunar New Year's Eve, the central bank said, because companies pay year-end bonuses and customers buy more. The figure has been growing every year since 2003, this year growing NT$57.7 billion, or 4.38 percent, over last year's amount, according to central bank records. Central bank officials said that with the Lunar New Year holiday lasting nine days, people need to keep more cash at hand.
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
ROW: A probe would determine if the rights of shareholders who were not allowed to vote yesterday had been violated, while the stock exchange also wants answers The election of board directors yesterday at Tatung Co (大同) sparked controversy after the company blocked some institutional and individual shareholders from participating in the general shareholders’ meeting, prompting the Financial Supervisory Commission (FSC) to announce that the vote would be investigated. Lin Kuo Wen-yen (林郭文艷) was re-elected as chairwoman of the household-appliance maker’s nine-member board, but prior to the vote she announced that several shareholders would not have voting rights. They were being denied a vote because they had contravened the Business Mergers and Acquisitions Act (企業併購法), and the Act Governing Relations Between the People of the Taiwan Area and