Taiwanese like foreign firms
More than nine out of 10 white-collar workers in Taiwan would like to work for a foreign enterprise, 1111 Job Bank said yesterday, citing the results of an online survey. According to the survey, 61 percent of the respondents who said they want to work for a foreign company in Taiwan said they believed they would have a better future working for international firms. Meanwhile, "good benefits" was mentioned by 58 percent of the office workers who said they want to work for a foreign company, and "high wages" was mentioned by 51 percent. The "dream employers" include IBM, Sony, Microsoft, American Express Bank, Citibank and HSBC, the poll showed.
Business-friendly poll plea
A recent survey said that 54.5 percent of chief executives at Taiwan's top 1,000 enterprises want the nation's next president to first create a business-friendly investment environment, CommonWealth Magazine said on Friday, citing the results of a poll conducted between March 9 and April 11. Of the chief executives polled, 52.3 percent said that the next president should engage in more open interaction with China, while 39.2 percent said the president should have a visionary development plan. The total number of chief executives who are not happy with Taiwan's economy reached 77 percent this year, the survey indicated, adding that the percentage has been on the rise since 2004.
Rival sues ABN Amro
Bank of America Corp sued ABN Amro on Friday to keep alive its US$21 billion deal with the Dutch bank to buy LaSalle Bank Corp. In a filing in a New York federal court, the Charlotte-based bank said it had an exclusive sale agreement with ABN Amro for LaSalle. On Thursday, a Dutch court halted the sale, ruling ABN must receive shareholder approval before it can proceed. In its lawsuit, Bank of America said ABN had told the company the deal didn't need shareholder approval.
Genting sets up UAE office
Resorts operator Genting International is setting up an office in the United Arab Emirates to help attract Middle Eastern tourists to its hotels and theme park in Malaysia, a news report said yesterday. The office will be fully operational in June, marking Genting's latest bid to spread its wings after opening offices in China and India over the past two years, said Faizal Iskandar, Genting's chief representative in the UAE. "It will be in time for the summer vacation in the Middle East when the Arabs take long breaks starting July," Faizal told Malaysia's national news agency, Bernama, in an interview in Dubai.
Chavez spooks markets
Venezuelan President Hugo Chavez's threat to nationalize banks spooked the markets on Friday, but the president of Citibank Venezuela said he did not see the local financial industry in imminent danger. Caracas' main stock index fell 2.74 percent, while its index of financial stocks fell 3.12 percent. The decline was led by Venezuelan banks whose shares are mostly held by local investors. "We don't see it as a threat. It was a message of responsibility because President Chavez is saying that we all need to work to help Venezuela get ahead," Francisco Aristeguieta, president of Citibank Venezuela, was quoted as saying in an interview with the state news agency.
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