Fri, Nov 07, 2014 - Page 14 News List

Taiwan Business Briefs

Staff writer, with agencies

TIER boosts GDP outlook

The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) yesterday raised its forecast for national GDP growth this year to 3.44 percent, citing steady improvements in private consumption and investment, as well as strong growth in exports driven by a robust demand for new consumer electronics.

The latest forecast was up from the 3.28 percent annual growth that the institute forecast in July.

For next year, the Taipei-based think tank said the economy could expand by 3.48 percent, despite some uncertainties in the global economy.

Siliconware posts results

Siliconware Precision Industries Co (SPIL, 矽品精密), the nation’s second-largest chip packager and tester, on Wednesday said consolidated revenue for last month rose 12.6 percent year-on-year and 1.72 percent month-on-month to NT$7.38 billion (US$241.45 million).

Total revenue for the first 10 months of the year increased 20.95 percent to NT$69.02 billion from a year earlier, Siliconware said.

Revenue for this quarter is expected to be between NT$19.7 billion and NT$21 billion, down by between 3 and 9 percent from last quarter, the company said in a conference call last month.

Yageo hit by slow season

Yageo Corp (國巨), the nation’s largest passive components maker, on Wednesday said consolidated sales rose to NT$2.12 billion last month, up 6.5 percent from a year earlier. However, the figure was down 13.4 percent from the previous month, as the slow season effect sapped sales in the Greater China region, Europe and North America.

Sales in the first 10 months of the year increased to NT$22.93 billion, 9.7 percent higher than the same period a year ago, Yageo said in a stock exchange filing.

Lextar posts NT$310m profit

Lextar Electronics Corp (隆達電子), which manufactures LED chips and provides packaging services, on Wednesday said it made a net profit of NT$310 million in the past quarter, its best performance since the second quarter of last year, when it reported a net profit of NT$307 million.

Earnings per share were NT$0.59 last quarter, compared with NT$0.35 a year earlier and NT$0.32 in the previous quarter, while gross margin rose to 16.8 percent from the year-earlier level of 15 percent and 14.5 percent the previous quarter, as cost reductions and efficiency improvements more than offset the decline in average selling prices.

For this quarter, Lextar expects revenue to fall by about 15 percent from the record level of NT$4.17 billion last quarter, due to seasonal factors, while gross margin might also trend down due to lower factory utilization and falling prices.

VietJet eyes Taiwan market

Vietnam-based budget airline VietJet on Wednesday said it was planning to explore the travel market between Taiwan and Vietnam in advance of launching a Taoyuan-Ho Chi Minh route on Dec. 12.

The new route could be especially popular among Vietnamese living in Taiwan, many of whom are workers or married to Taiwanese, VietJet Business Development Manager Desmond Lin (林義晃) said.

Government statistics show that Taiwan is home to more than 90,000 Vietnamese citizens and immigrants married to Taiwanese nationals.

VietJet plans to operate five round trips per week — excluding Thursdays and Saturdays — using Airbus 320 jets.

TV panels show meager growth

Global shipments of LCD panels used in televisions are forecast to increase by 3 percent next year from this year due in part to the limited capacity of Taiwan’s Innolux Corp (群創光電) and AU Optronics Corp (友達光電), David Hsieh (謝勤益), vice president of the Greater China market at NPD DisplaySearch, said in a report on Monday.

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