Print

Mail

wiki links

Business Briefs

Evertrust opens VIP outlet

Evertrust Rehouse Group (永慶房仲集團) yesterday inaugurated a VIP outlet in downtown Taipei to provide upscale customers with one-on-one advice on real estate deals.

Evertrust chairman Sun ­Ching-­yu (孫慶餘) said his group put together a consultant team of 20 agents selected from among its 1,200 employees nationwide.

By mounting the new venture, the group seeks to reverse its falling corporate performance caused by shrinking demand as well as overpricing, Sun said.

Customers will have to make an appointment before visiting the outlet on Renai Road Sec 4, Evertrust said.

Regulator warns stock traders

The Financial Supervisory Commission yesterday urged company employees not to trade company shares within 12 hours of their company’s board finalizing any share buyback proposal to avoid violating insider trading regulations.

The commission’s media statement yesterday cited Article 157-1 of the Securities and Exchange Law (證券交易法), which regulates employees’ trading of shares.

Employees who have not been informed of company policies can trade shares any time they prefer and would not be accused of insider trading, the commission’s statement said.

BOFT targets emerging markets

The Bureau of Foreign Trade (BOFT) will draw up exclusive programs targeting emerging markets to help stimulate Taiwan’s economy, bureau Director-General Huang Chih-peng (黃志鵬) said.

Huang, who is visiting India, said prior to his departure for a trade promotion tour that his bureau would target India, Russia and countries in Southeast Asia, Eastern Europe and Latin America to boost exports in line with an economic stimulus package approved by the Executive Yuan.

In a concerted move with the Executive Yuan’s efforts to boost exports, Huang said, the BOFT would increase its subsidies to Taiwanese companies that participate in trade fairs in emerging economies — a move that Huang said would help spur exports to these markets.

Chunghwa to buy equipment

Chunghwa Telecom Co (中華電信), Taiwan’s largest phone operator, will purchase networking equipment worth NT$1.2 billion (US$37.5 million) from HwaCom Systems Inc (華電聯網).

HwaCom will supply the phone carrier with broadband Internet equipment over the next year, Chunghwa said. The gear will be used to connect fiber-optic networks to buildings and so-called Very High Speed Digital Subscriber Lines version 2, or VDSL2, to a user’s premises.

TWSE plans seminars abroad

The Taiwan Stock Exchange Corp (TWSE) will hold a series of investment seminars in Japan and various European countries later this month as part of its efforts to seek foreign investors, a TWSE executive said yesterday.

TWSE Chairman Schive Chi (薛琦) will first attend a Sept. 23 business forum organized by CLSA Asia-Pacific Markets, a brokerage and investment banking group headquartered in Hong Kong, in which he will give a speech about Taiwan’s business environment.

After the forum, the TWSE, in cooperation with Taiwan’s Daiwa Securities SMBC-Cathay Co, will hold 50 business seminars in Tokyo from Sept. 25 to introduce Taiwan’s environment and policies.

Another 50 seminars will be held by the two institutes in Zurich, Geneva and Milan from Sept. 29 to Oct. 3, targeting European investors, the executive said.

The TWSE has previously held a series of business seminars in Dubai, Egypt, Vietnam and Malaysia to promote Taiwan’s investment advantages.


This story has been viewed 990 times.