Luxgen recruiting 300
Luxgen Motor Co (納智捷汽車), a subsidiary of the nation’s largest automaker, Yulon Motor Co (裕隆汽車), is hiring 300 staff as it expands nationwide, the Chinese-language Economic Daily News reported yesterday.
The company’s sales and service staff have tripled to 650 over the past three years, and it is taking in 300 more frontline employees before the end of the year to cope with rising demand and the opening of new outlets nationwide, the report said.
Its Chinese joint venture, Dongfeng Yulon Corp (東風裕隆), will also start selling Luxgen-branded vehicles in China later this month through 15 points-of-sales network there and has garnered pre-orders for nearly 2,000 units so far, the paper said.
Yulon Group (裕隆集團) CEO Kenneth Yen (嚴凱泰) estimated that total car sales in Taiwan this year would range between 360,000 units and 370,000 units, a more than 10 percent increase from last year.
Many want to work abroad: poll
A large majority of white-collar workers are interested in working abroad, according to an online survey released yesterday.
The 1111 Job Bank poll found that 77 percent of respondents hoped to take on overseas jobs for a variety of reasons, including to broaden their horizon (45.03 percent); brighten their career prospects (40.31 percent) and earn better pay and perks (35.34 percent).
China was the top choice cited by respondents as their most favored overseas job destination (42.41 percent), followed by the US (12.3 percent) and New Zealand/Australia (9.42 percent).
The job bank conducted the poll via e-mail from Sept. 8 to 22 and collected 1,488 valid samples. The survey had a margin of error plus or minus 2.54 percentage points.
According to the job bank’s data, 60 percent of overseas jobs offered by Taiwanese companies are in China, 27 percent in Southeast Asia and 7 percent in the US.
By industry, industrial services and manufacturing form the bulk of overseas jobs offered by the firms, the poll showed.
China plan may foster growth
Major changes in the scale of global and Chinese industries are expected following the development of “emerging strategic industries” in China’s 12th five-year plan, Liang Chi-yuan (梁啟源), chairman of the Taipei-based Chung-Hua Institution for Economic Research (中華經濟研究院), said yesterday.
Speaking at a symposium on China’s 12th five-year plan and cross-strait economic ties on Kinmen, Liang said the changes were expected to create new collaboration opportunities for industries in Taiwan and China.
This year marks the start of China’s 12th five-year plan, as well as the implementation of the “early harvest” list of the Economic Cooperation Framework Agreement (ECFA) pact signed last year.
The measures and results of China’s “domestic demand expansion” and “emerging strategic industries” over the next five years will affect not only the country’s economic growth, but also the direction of the Asia-Pacific region and global economy, Liang said.
Shin Kong books gain
Shin Kong Financial Holding Co’s (新光金控) life insurance unit booked a profit of NT$620 million from the sale of a property worth NT$1.46 billion to Fubon Life Insurance Co (富邦人壽), the Taipei-based company said in a statement to the Taiwan Stock Exchange yesterday.
NT dollar retreats further
The New Taiwan dollar fell NT$0.184 to close at NT$30.572 against the greenback on turnover of US$1.12 billion yesterday.
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
China has claimed a breakthrough in developing homegrown chipmaking equipment, an important step in overcoming US sanctions designed to thwart Beijing’s semiconductor goals. State-linked organizations are advised to use a new laser-based immersion lithography machine with a resolution of 65 nanometers or better, the Chinese Ministry of Industry and Information Technology (MIIT) said in an announcement this month. Although the note does not specify the supplier, the spec marks a significant step up from the previous most advanced indigenous equipment — developed by Shanghai Micro Electronics Equipment Group Co (SMEE, 上海微電子) — which stood at about 90 nanometers. MIIT’s claimed advances last
CROSS-STRAIT TENSIONS: The US company could switch orders from TSMC to alternative suppliers, but that would lower chip quality, CEO Jensen Huang said Nvidia Corp CEO Jensen Huang (黃仁勳), whose products have become the hottest commodity in the technology world, on Wednesday said that the scramble for a limited amount of supply has frustrated some customers and raised tensions. “The demand on it is so great, and everyone wants to be first and everyone wants to be most,” he told the audience at a Goldman Sachs Group Inc technology conference in San Francisco. “We probably have more emotional customers today. Deservedly so. It’s tense. We’re trying to do the best we can.” Huang’s company is experiencing strong demand for its latest generation of chips, called
GLOBAL ECONOMY: Policymakers have a choice of a small 25 basis-point cut or a bold cut of 50 basis points, which would help the labor market, but might reignite inflation The US Federal Reserve is gearing up to announce its first interest rate cut in more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election. Senior officials at the US central bank including Fed Chairman Jerome Powell have in recent weeks indicated that a rate cut is coming this month, as inflation eases toward the bank’s long-term target of two percent, and the labor market continues to cool. The Fed, which has a dual mandate from the US Congress to act independently to ensure