Sat, Nov 22, 2014 - Page 14 News List

Taiwan Business Briefs

Staff writer, with agencies

Water rationing set to begin

Taoyuan County and Linkou District (林口) in New Taipei City are set to face first-stage water rationing from Thursday, the Taiwan Water Corp said yesterday.

Water stored in the Shihmen Reservoir (石門水庫) in Taoyuan County was recorded at 137.25 million tonnes on Thursday, which is the lowest storage level in the past decade, the company said in a statement.

The state-owned company said that the water pressure in Taoyuan and Linkou would be reduced between 11pm and 5am, adding that the first-phase measure is expected to have little impact on household water consumption.

The company suggested households that usually require large amounts of water at night should conserve water in the daytime for use as a backup source.

Ministry inks investment letters

The Ministry of Economic Affairs has signed letters of intent with three European companies, which are expected to expand their investment in Taiwan to a total of NT$5 billion (US$161.26 million) over the next three years, the Department of Investment Services said in a statement yesterday.

The companies include French-based Suez Environment, Swissray Global in Geneva and Biodenta Corp of Switzerland. Biodenta develops dental implant systems, while Suez Environment operates largely in wastewater treatment and waste management sectors, the department said.

Sovereign bond target missed

The government yesterday sold NT$22.9 billion in Treasury bonds with a coupon rate of 2.25 percent, short of a NT$30 billion goal, according to a statement issued by the central bank.

The government has missed its target at a sovereign bond sale for the fourth time this year as the Ministry of Finance capped yields amid weak demand from insurers.

The yield on 30-year sovereign notes climbed six basis points, or 0.06 percentage points, to 2.42 percent yesterday on the GRETAI Securities Market.

Investors bid 1.29 times the amount offered at the auction, less than the 1.48 ratio at the July sale.

In addition, insurers bought 22 percent of the 30-year bonds, compared with an average of 36 percent for the 30-year debts over the past five years.

Health app to promote exercise

Taiwan Mobile Co (台灣大哥大), the nation’s second-largest telecom company, on Thursday teamed up with sports events platform Sports Bank to introduce a new mobile app billed as the first locally produced platform for saving “health assets” such as time spent exercising.

The platform seeks to integrate sporting match news and information with personal exercise data.

Its central feature is keeping track of users’ data in the form of points to compete against other users and encourage a habit of working out, Taiwan Mobile said at a launch ceremony.

In Taiwan, more than 30 percent of people work out regularly — defined as three times per week, for 30 minutes each time — and more than 700 sports events are held each year, the company said.

V Air due to begin operations

V Air (威航), TransAsia Airways Group’s (復興航空集團) new low-cost carrier, yesterday said it would launch services on Dec. 17 with an inaugural flight to Bangkok.

The budget airline plans to begin operations between Taipei and Chiang Mai in northern Thailand from Jan. 7, according to the company.

Introductory prices for a one-way trip on the maiden flight would start at NT$1,988, V Air said, adding that if more people participated in an online campaign, the price would drop.

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