Thu, Jun 12, 2014 - Page 14 News List

Taiwan Business Briefs

Staff writer, with CNA

Taiwan status unchanged: MSCI

Taiwan remains an emerging market on the MSCI index after its annual market classification review, the global index provider said on Tuesday.

In a statement released on its Web site, MSCI said that both Taiwan and South Korea had been removed from the review list of country indices for potential upgrade into developed markets.

“This decision is motivated by the absence of any significant improvements in key areas negatively affecting accessibility in the [South] Korean and Taiwanese equity markets for the past few years,” MSCI said in the statement.

HTC’s market down to 2%

Smartphone maker HTC Corp (宏達電) held only a 2 percent share of the global smartphone market last year, ranking it 11th in a market dominated by Samsung Electronics Co and Apple Inc.

HTC shipped 20.35 million smartphones last year, a decline of 38 percent from the 32.86 million units it shipped in 2012, according to its annual report to shareholders published late on Tuesday.

HTC said Samsung continued to lead the global smartphone market last year with a 31.6 percent share, followed by Apple with 15.5 percent. The next three spots were taken by Huawei Technologies Co (華為), LG Electronics Inc and Lenovo Group Ltd (聯想), with market shares of between 4.5 percent and 5 percent, the report said.

New products lift Acer sales

PC vendor Acer Inc (宏碁) on Tuesday reported a 32.69 percent sequential increase in consolidated sales last month, thanks to the introduction of new tablets and smartphones.

On an annual basis, however, last month’s consolidated sales of NT$25.55 billion were down 2.91 percent, Acer said in a statement.

Cumulative sales in the first five months of the year totaled NT$121.53 billion, down 15.54 percent from a year earlier.

Quanta sales rise 14.8%

Quanta Computer Inc (廣達), the world’s largest contract notebook computer maker, on Tuesday said that consolidated sales last month reached NT$70.12 billion, down 3.4 percent from a month earlier, but up 14.8 percent from a year earlier.

Quanta’s notebook shipments totaled 3.9 million units for the month, up 18 percent from April. Although shipments increased, sales last month trended lower because it shipped more low-priced models.

Consolidated sales in the first five months of the year rose 12.1 percent from a year earlier to NT$358.54 billion, the company said.

Cathay Bank, SPD sign deal

Cathay United Bank (國泰世華銀行), the banking arm of Cathay Financial Holding Co (國泰金), yesterday inked a memorandum of understanding with China’s SPD Bank (上海浦東發展銀行) to cooperate in trade financing, yuan clearing and settlement, cash management and other businesses.

SPD Bank is the eighth Chinese lender to sign an MOU with the Taiwanese bank, which is seeking to expand its presence in China.

Established in 1993, SPD Bank has 915 branches and outlets across China.

Chunghwa gains Firefox support

Chunghwa Telecom Co (中華電信) has signed a cooperation agreement with Mozilla Corp, developer of the Firefox Web browser, to gain support for the Firefox operating system for its mobile phones. The nation’s top telecoms operator yesterday said that through the Web-based Firefox OS, it would be able to bring more value-added and customized mobile services and provide better user experience.

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