TAIEX slips on cautious trading
The TAIEX closed lower yesterday after moving in narrow trade as market sentiment remained cautious following a spate of mixed economic data from the US, dealers said.
While property stocks steamed ahead on hopes that the government would relax regulations, most electronics shares were sluggish amid concerns over global demand, they said.
Among the rising property stocks, Highwealth Construction Co (興富發建設) climbed 3.8 percent to NT$51.90 and Huaku Development Co (華固建設) gained 5.6 percent to NT$71.30.
The weighted index closed down 22.29 points, or 0.3 percent, at 7,467.92 on turnover of NT$76.05 billion (US$2.54 billion).
Gintech losses shrank in Q2
Solar cell maker Gintech Energy Corp (昱晶) yesterday reported a smaller loss of NT$158 million for the second quarter, compared with losses of NT$208 million in the first quarter.
Cumulative losses in the first half of this year were NT$366 million, more than double the losses of NT$180 million in the same period last year.
However, its gross margin improved to 1.66 percent in the first six months, compared with 0.65 percent a year ago.
Revenue shrank 18.7 percent to NT$8.11 billion in the first two quarters, from NT$9.97 billion in the prior year.
Hotel revenues rose 6.6%
Tourist hotels’ revenues rose 6.6 percent to more than NT$25.7 billion in the first six months of the year, the Tourism Bureau said yesterday.
Revenues were lifted by the 25.2 percent increase in foreign arrivals to 3.58 million in the first half of the year. Chinese were the largest group of visitors, with 1.03 million arrivals, up 29.8 percent from a year earlier.
Japanese came in second, with 1 million arrivals, up 28.7 percent year-on-year, the bureau said.
The average price of a hotel room rose 5.3 percent year-on-year to NT$3,416 per night, it said.
More firms join ‘green’ initiative
Thirty-one private enterprises have voluntarily joined a government-led initiative to conserve energy and reduce carbon emissions in a bid to create a sustainable environment, the Ministry of Economic Affairs said yesterday.
The businesses, including banks, restaurants and shoe stores, have vowed to adopt “green” practices, such as setting their air conditioners at temperatures no lower than 26°C, the ministry said.
The ministry also handed out awards to 17 supermarkets, department stores and shopping malls that achieved their goal of reducing electricity consumption by at least 5 percent within three years.
Total electricity consumption at those enterprises in the past three years has dropped by 80 million kilowatt hours (kWh), according to the Bureau of Energy.
With 31 other businesses now on board, the bureau expects an additional decrease of 41.35 million kilowatt hours.
EVA adds Taipei-Hakodate
EVA Airways Corp (EVA, 長榮航空), the nation’s second-largest carrier, announced on Thursday it would operate two Taipei-Hakodate flights per week starting on Oct. 28 to meet increasing travel demand between Taiwan and the northern Japanese island of Hokkaido.
The number of flights will be increased to three per week from December, the company said.
EVA currently operates seven flights per week to Hokkaido’s Sapporo City.
NT dollar slides further
The New Taiwan dollar yesterday lost another NT$0.005 to close at NT$30.025 against the US dollar. Turnover was US$513 million.