Fri, Jul 25, 2014 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with agencies

Canada acts on OCTG dumping

The Canada Border Services Agency (CBSA) on Monday initiated an antidumping investigation on oil country tubular goods (OCTG) made in or exported from Taiwan and eight other countries, the Bureau of Foreign Trade said yesterday, calling on firms making the products to take the Canadian government’s survey by Aug. 27, so they could apply for lower tariff rates.

It is crucial for every company to participate in the CBSA’s survey, or the investigator may judge “normal value” or “export price” of oil country tubular goods arbitrarily, which could cause unfavorable outcomes for Taiwanese firms, the bureau said.

Acer to adjust smartphone price

Acer Inc (宏碁), the world’s fourth-largest PC maker, will adjust the price of its new smartphone that is scheduled to be launched in Taiwan next month after taking a rival’s pricing strategy into account, Acer’s local marketing division director Samuel Chang (張世欣) said on Tuesday.

“With the other company entering such a low price band and using such a market strategy, we need to review our product and see if it has enough competitiveness in the market before we launch it,” Chang said of Asustek Computer Inc’s (華碩) low-cost ZenFone models, which are priced as low as US$99.

He declined to give prices or other details of the new Acer smartphone.

Compal eyes casing firm

Contract notebook computer maker Compal Electronics Inc (仁寶) yesterday said it plans to invest NT$988.24 million (US$32.97 million) in a Chinese company that produces magnesium alloy or plastic-made casings for PCs and handsets, as part of its long-term investment strategy.

Compal has invested NT$343.51 million so far in the Chongqing, Sichuan Province-based Chang Bao (昶寶), which has capital of NT$889.55 million and plans to raise additional capital of about NT$2.69 billion including Compal’s share, according to a filing with the Taiwan Stock Exchange.

Computer show coming up

The Taipei Computer Applications Show, one of the nation’s major consumer electronics exhibitions, is set to open on Thursday next week and run through Aug. 4, the Taipei Computer Association (TCA) said on Wednesday, adding that about 200 electronics suppliers at home and abroad would man a total of 1,100 booths to showcase their devices.

The association said that this year’s show, to be held at the Taipei World Trade Center Exhibition Hall 1, would feature smart electronic gadgets, including mobile devices, computer systems, digital imaging products, digital entertainment and related software developments.

A gaming seminar is to be held alongside the event, in which several international game developers, such as US-based Blizzard Entertainment and Japan’s CAPCOM, are to share their software development experiences.

Loan increase on target

Domestic banks increased loans by NT$32.3 billion (US$1.07 billion) to companies in the creative industry for the first six months of this year, achieving 64.6 percent of the NT$50 billion target set for the year, the Financial Supervisory Commission said yesterday.

The commission has encouraged such loans through a contest among banks which aims to more than double cumulative lending to NT$360 billion in 2016, from NT$181.7 billion late last year.

There were 2,164 successful loan applications in the first half, the commission said.

Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

TOP top