Vaccine factory planned
Local drug maker Medigen Biotechnology Corp (基亞) said on Thursday that a vaccine factory of its subsidiary is likely to be operational in 2016, with its production volume to be 3 million vials in the first year of its operation.
Annual production at the factory, located in the Hsinchu Biomedical Science Park (新竹生物醫學園區), will reach 5 million vials in the second year, it said. The factory has an annual capacity of 10 million vials, according to Medigen.
Hon Hai eyes display sector
Hon Hai Precision Industry Co (鴻海精密), which assembles iPhones and iPads for Apple Inc, is planning to set up a display plant in China to produce high-end screens for smartphones, the Wall Street Journal reported on Thursday.
The report said the investment in Zhengzhou, Henan Province, could amount to 35 billion yuan (US$5.7 billion).
Money supply growth cools
The nation’s M2 money supply, the broadest measure of money flowing through the banking system, rose 5.31 percent last month from a year earlier, but down from August’s 5.64 percent rise, while the M1B monetary aggregate rose 7.36 percent year-on-year last month, compared with August’s 7.56 percent increase, the central bank said yesterday.
The increase in M2 money supply last month marks the slowest growth in 15 months, while that in M1B monetary aggregate represents the lowest advance for 16 months, the bank said.
The bank attributed the slower growth to an increase in net foreign capital outflows, as well as slower growth in bank loans and investments.
For the first nine months of this year, M2 and M1B increased 5.77 percent and 8.29 percent respectively from the previous year.
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
JET JUICE: The war on Iran’s secondary effects have seen fuel prices skyrocket, knocking flight schedules down to earth in return as airlines struggle with costs Airline passengers should brace for more irritation in the next few months as carriers worldwide cancel flights and ground planes to cope with stratospheric increases in jet-fuel prices. Dutch flag carrier KLM is the latest company to cut its schedule, saying on Thursday that it would scrap 80 return flights at Amsterdam’s Schiphol Airport in the coming month. That puts it in the same league as United Airlines Holdings Inc, Deutsche Lufthansa AG and Cathay Pacific Airways Ltd, which have all pruned itineraries to mitigate costs. Global capacity for next month has been reduced by about 3 percentage points, with all
The US said it plans to help build a first-of-its-kind industrial hub in the Philippines to boost production of inputs crucial to US supply chains. The 4,000-acre hub is intended to be “a purpose-built platform for allied manufacturing” and “an investment acceleration hub where the specific industrial activities are shaped by market demand,” the US Department of State said on Thursday. The project — touted as an “economic security zone” — would be within the Luzon Economic Corridor, a flagship economic project backed by the US and Japan on the main Philippine island. The project was also described as “the first artificial intelligence
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