Taiwan Stock Exchange Corp (TSE, 台灣證交所) plans to launch dual-listings of exchange traded funds with Tokyo Stock Exchange Inc by the end of the first half of the year, a company executive said yesterday.
"The Tokyo Stock Exchange has expressed an interest in dual-listing with us. More details will be ironed out during TSE president Su Song-chin's [
TSE chairman Wu Rong-i (吳榮義) said yesterday that the stock exchange would continue to work on its proposed merger with three other exchanges -- the Taiwan Futures Exchange (期交所), the GRETAI Securities Market (櫃買中心) and the Taiwan Depository and Clearing Corp (集保結算所) -- to create financial holding company through share swaps.
"The Financial Supervisory Commission has approved the TSE's proposed cooperation with Chunghwa Telecom Co (中華電信) to set up a new computer center in Banciao, Taipei County, to enhance the TSE's international competitiveness, with an investment valued at about NT$2 billion [US$62.15 million]," Wu told a news conference yesterday.
Aside from the merger of the markets, attracting foreign-based Taiwanese businesses to return and list on the local bourse would also be a priority, he said.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
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