Tue, Jun 24, 2014 - Page 14 News List

Taiwan Business Briefs

Staff writer, with CNA

Finance ministry to issue bonds

The Ministry of Finance said yesterday it plans to issue NT$145 billion (US$4.8 billion) in government bonds in the third quarter to roll over some of its maturing paper.

Of the bonds to be sold, NT$40 billion are five-year bonds, NT$40 billion are 10-year bonds, NT$30 billion are 20-year bonds and NT$35 billion are 30-year bonds, the ministry said in a statement posted on its Web site.

The ministry also plans to issue NT$40 billion in treasury bills next quarter, according to the statement.

In the current quarter, the ministry issued NT$170 billion in bonds and NT$50 billion in treasury bills.

Hon Hai to invest at home

Hon Hai Group (鴻海) chairman Terry Gou (郭台銘) yesterday said he would announce investment plans in Taiwan next month, as the group plans to take advantage of the nation’s economic recovery and a rich pool of local talent, local cable TV network UBN quoted Gou as saying.

Gou did not specify the content of the investment plans, saying the group plans to formally announce the plans after Hon Hai holds its annual general meeting tomorrow at the company’s headquarters in New Taipei City’s Tucheng District (土城).

In February, Hon Hai, the world’s largest contract electronics maker, announced that it would recruit 15,000 engineers in Taiwan this year.

CSBC to build oil carriers

CSBC Corp, Taiwan (CSBC, 台灣國際造船), the nation’s only listed shipbuilder, yesterday signed a contract to build two product carriers of 40,000 deadweight tonnes for state-owned oil refiner CPC Corp, Taiwan (台灣中油) at the price of NT$2.58 billion.

CSBC may deliver the two carriers to CPC by the end of 2016, company president Chen Feng-lin (陳豊霖) said.

Rent cars like YouBike: Hotai

Hotai Leasing Corp (和運租車) aims to make renting a car “quicker and more enjoyable,” with just the swipe of a card, thanks to new automated nationwide services, the company said.

Drivers need only install the iRent app on their smartphones, which allows them to use their stored-value EasyCards as membership cards to rent from designated parking lots at any time of day, the company said at a press conference.

“It is like a car version of YouBike system,” the promoters said, referring to Taipei’s pervasive automated public bicycle kiosks.

There are only two iRent sites in Taipei currently, but the promoters said the total is expected to increase to 20 by the end of this year and to more than 50 by the end of next year to cover airports and high-speed rail stations across the country.

Hotai Leasing is a subsidiary of Hotai Motor Co (和泰汽車), the nation’s largest automobile retailer.

Largan sets share record

Shares of Largan Precision Co (大立光), which supplies smartphone camera lens products, set a record for local electronics stocks yesterday as they closed up at NT$2,255 after hitting a record high of NT$2,310 earlier in the day.

The impressive showing boosted the company’s market value to more than NT$300 billion.

The Environmental Protection Administration plans to hold an assessment meeting tomorrow about the company’s development project in the Taichung City Precision Machinery Innovation Technology Park.

Largan plans to invest NT$10.2 billion for a plant next to the Taichung park, creating about 5,000 jobs.

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