Yuanta Financial Holding Co (元大金控), one of the nation’s biggest financial service providers, posted a net profit of NT$1.22 billion (US$39.74 million) last month, with a majority of the earnings coming from its securities brokerage arm, the company said in a statement yesterday.
That represented more than 32 percent growth from NT$922 million in net income a month earlier.
The financial service provider accumulated NT$7.12 billion in net income in the first 11 months of the year, translating into NT$0.88 earnings per share, the company said.
Yuanta Securities Co (元大證券) generated a net profit of NT$948 million last month, accounting for 77.9 percent of the holding company’s income, the company said.
Yuanta Bank (元大銀行) and Yuan-ta Securities Finance Co (元大證金) contributed NT$128 million and NT$115 million respectively last month, the company said.
In other news, Fubon Financial Holding Co (富邦金控) yesterday released a statement saying its subsidiary, Fubon Securities (富邦證券) had signed a memorandum of understanding for strategic cooperation with China’s Caitong Securities Co (財通證券).
The statement did not provide details.
In a separate statement, Fubon Financial denied media reports it had offered a bid of between US$1.5 billion and US$1.8 billion for Nan Shan Life Insurance Co (南山人壽), American International Group Inc’s Taiwan unit.
The reports are “purely market speculation,” it said in the filing to the stock exchange.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day