Hoping to steal some of the limelight from fashion outlet-packed Taipei, the Dream Mall (
The new shopping mall is the nation's largest, with a floor space of 121,000 ping (399,300m2), the sixth-largest in Asia and the 11th largest in the world.
The mall rises nine stories and has three basement levels and has roped in Japan's Hankyu Department Store; Japan's largest lifestyle and home-furnishing brand, Nitori; the UK's Marks & Spencer; and a sub-zero temperature playground introduced from Japan so subtropical Taiwanese can experience a winter wonderland.
PHOTO: HUANG CHIH-YUAN, TAIPEI TIMES
All of these retailers will make their Taiwan debut at the Dream Mall.
However, Hankyu Department Store, Marks & Spencer and Nitori will not open their doors for business until May 12, when a grand opening ceremony is scheduled.
Dream Mall president Paul Chang (
Chang predicted that the mall, which took an investment of NT$18.5 billion, would break even within three years and start pulling in profits in ten years.
Another much-anticipated feature is the mall's NT$200 million rooftop Ferris wheel, whose 36 carts are painted with Sanrio Co's famous cartoon figures, including Hello Kitty, Cinnamoroll Dog and Badtz-Maru penguin.
The firm said it is the only Ferris wheel in Taiwan with a view of the ocean.
Taipei's Miramar Entertainment Park (美麗華百樂園) in Dazhi District also banks on its rooftop 48-cart Ferris wheel, the second-largest in the world after the wheel atop the Hip Five shopping center in Osaka, Japan, as a draw for those curious to get a bird's eye view of the greater Taipei area.
Statistics show that Kaohsiung's department store and shopping mall market is worth about NT$22 billion per annum. Hanshin Department Store takes the lion's share with sales of NT$10 billion a year.
DIVIDED VIEWS: Although the Fed agreed on holding rates steady, some officials see no rate cuts for this year, while 10 policymakers foresee two or more cuts There are a lot of unknowns about the outlook for the economy and interest rates, but US Federal Reserve Chair Jerome Powell signaled at least one thing seems certain: Higher prices are coming. Fed policymakers voted unanimously to hold interest rates steady at a range of 4.25 percent to 4.50 percent for a fourth straight meeting on Wednesday, as they await clarity on whether tariffs would leave a one-time or more lasting mark on inflation. Powell said it is still unclear how much of the bill would fall on the shoulders of consumers, but he expects to learn more about tariffs
Meta Platforms Inc offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker’s talent and strengthen its own generative artificial intelligence (AI) teams, OpenAI CEO Sam Altman has said. Facebook’s parent company — a competitor of OpenAI — also offered “giant” annual salaries exceeding US$100 million to OpenAI staffers, Altman said in an interview on the Uncapped with Jack Altman podcast released on Tuesday. “It is crazy,” Sam Altman told his brother Jack in the interview. “I’m really happy that at least so far none of our best people have decided to take them
NOT JUSTIFIED: The bank’s governor said there would only be a rate cut if inflation falls below 1.5% and economic conditions deteriorate, which have not been detected The central bank yesterday kept its key interest rates unchanged for a fifth consecutive quarter, aligning with market expectations, while slightly lowering its inflation outlook amid signs of cooling price pressures. The move came after the US Federal Reserve held rates steady overnight, despite pressure from US President Donald Trump to cut borrowing costs. Central bank board members unanimously voted to maintain the discount rate at 2 percent, the secured loan rate at 2.375 percent and the overnight lending rate at 4.25 percent. “We consider the policy decision appropriate, although it suggests tightening leaning after factoring in slackening inflation and stable GDP growth,”
PLANS: MSI is also planning to upgrade its service center in the Netherlands Micro-Star International Co (MSI, 微星) yesterday said it plans to set up a server assembly line at its Poland service center this year at the earliest. The computer and peripherals manufacturer expects that the new server assembly line would shorten transportation times in shipments to European countries, a company spokesperson told the Taipei Times by telephone. MSI manufactures motherboards, graphics cards, notebook computers, servers, optical storage devices and communication devices. The company operates plants in Taiwan and China, and runs a global network of service centers. The company is also considering upgrading its service center in the Netherlands into a