Fri, Oct 03, 2014 - Page 14 News List

Taiwan Business Briefs

Staff writer, with agencies

Taipei seeks BIA with US

Taiwan is seeking to sign a bilateral investment agreement (BIA) with the US in a bid to forge closer business ties between the two countries, Vice Minister of Economic Affairs Bill Cho (卓士昭) said yesterday in a US Business Day event in Taipei.

Cho said it is important for Taiwan and the US to ink such an agreement, given that the US was the nation’s third-largest trading partner last year, while Taiwan was the US’ 12th-biggest trading partner.

In June, the American Chamber of Commerce in Taipei said it had urged the US government to start negotiations with Taiwan on a BIA to help address non-tariff trade barriers between the two countries and spur more bilateral investment.

‘Curb’ call on Japanese items

Minister of Finance Chang Sheng-ford (張盛和) on Wednesday urged curbing consumption of Japan-made products to force a price cut after the recent sharp depreciation of the Japanese yen, though consumers excitedly taking advantage of department store sales indicated the call may go unheeded.

Chang said the government needs help from the public because it has limited tools to pressure Japan outside of “moral persuasion,” while the Fair Trade Commission said it had begun to look into the prices of made-in-Japan cosmetics as well as Japanese cosmetics produced locally.

Wistron forecasts strong Q3

Wistron Corp (緯創) yesterday said it expects to report strong shipment data for the third quarter on the back of back-to-school demand, adding that the third-quarter shipments could reach the peak of the year.

However, with the peak season effects fading this month, its notebook computer shipments are expected to slow down to some extent before an uptrend resumes next month with the approach of the Christmas shopping season, Wistron said.

The company kept its full-year shipment forecast unchanged at 20 million units, representing a fall of about 16 percent from last year due to slower global PC business.

TSMC inks pact with ARM

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday signed a new multi-year agreement with ARM Holdings PLC to expand their partnership to 10-nanometer FinFET process technology.

The 10nm FinFET technology will be used to deliver the UK-based chip designer’s 64-bit processors. ARM’s designs have been used mainly in smartphones, including Apple Inc’s iPhone.

TSMC is the world’s largest contract chipmaker.

Yuanta buys AMCI stake

Yuanta Securities Co (元大寶來證券), the nation’s largest brokerage by market share, has agreed to acquire a 99 percent stake in PT Amcapital Indonesia (AMCI) for 83.68 billion Indonesia rupiah (US$6.9 million).

The company said it would acquire the stake in the Indonesian brokerage from Malaysia-based AMMB Holdings, becoming the first Taiwanese brokerage to enter the Indonesian market.

Yuanta Securities said AMCI is capitalized at 146.19 billion rupiah, with a net worth of 133.73 billion rupiah.

HTC names new COO

HTC Corp (宏達電) yesterday said it had appointed head of product research and development David Chen (陳文俊) as chief operating officer (COO), adding that the appointment took effect on Friday last week.

Chen’s appointment came after the smartphone maker on Wednesday confirmed the resignation of chief marketing officer Ben Ho (何永生) for personal reasons.

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