Fri, Dec 05, 2014 - Page 14 News List

Taiwan Business Quick Take

staff writer, with agencies

Chinese bank issues bonds

The Taipei branch of China-based Bank of Communications Ltd (交通銀行) yesterday issued four tranches of yuan-denominated bonds valued at 2 billion yuan (US$32.52 million), according to local bond market operator GRETAI Securities Market (GTSM).

The Chinese bank’s yuan bonds include a two-year tranche worth 200 million yuan with a coupon rate of 3.3 percent and a five-year tranche valued at 900 million yuan with a 3.75 coupon rate. The other two are a seven-year tranche worth 700 million yuan with a 3.9 percent coupon rate and a 10-year tranche valued at 200 million with a 4 percent coupon rate

Meanwhile, Natixis SA is scheduled to issue a tranche of US dollar-denominated bonds in Taiwan today. The French bank will issue US$295 million in corporate bonds with a maturity of 30 years and a zero coupon rate, the GTSM said, adding that investors are expected to receive a return of 4.67 percent.

MOF tightens hybrid tax cuts

The Ministry of Finance (MOF) yesterday tightened tax cut requirements for expensive hybrid electric vehicles on the grounds that they do little to promote green transportation.

Starting immediately, only hybrid electric cars priced under NT$1 million (US$32,110) and with carbon emissions lower than 120kg per kilometer will qualify for the 50 percent cut in sales tax, the ministry said.

In addition, they must meet engine displacement and fuel consumption requirements to qualify for the tax cut.

The tightening came after complaints that large expensive hybrid electric cars produce more carbon emissions than traditional cars.

Microsoft announces alliance

Microsoft Taiwan Corp (台灣微軟) yesterday announced the formation of an alliance with industrial computer supplier Advantech Co (研華科技) to build the first wireless Internet of Things solutions to embed a cloud platform in Asia.

Microsoft Taiwan said in a statement that the platform combines its Microsoft Azure cloud system and Advantech’s remote software management tool SUSIAccess, aiming to expand the business opportunities brought by the Internet of Things era.

The company said that the platform enables Microsoft Azure cloud system to analyze the data gathered from SUSIAccess.

DHL opens 650 service outlets

Deutsche Post DHL, one of the world’s leading mail and logistics services groups, announced yesterday that it has added 650 service locations in Taiwan at state-run Chunghwa Post Co (中華郵政) branches to fulfill customers’ peak pre-holiday season shipping needs.

DHL’s expansion of service locations will serve to provide greater accessibility and convenience to local customers and small and medium-sized enterprises, in addition to its neighborhood-based services at thousands of 7-Eleven convenience stores accepting documents, for their deliveries during this pre-holiday peak shipping season, the company said in a statement.

Google launches Chromecast

Google Inc yesterday launched its Chromecast device in Taiwan that enables consumers to cast media content such as movies, music and sports from mobile devices or computers to a television screen.

Google has launched its branded Chromecast in 24 markets, including Taiwan. The device is priced at NT$1,390 through stores operated by Chunghwa Telecom Co (中華電信) and Web portal PChome’s (網路家庭) online shopping site.

Chromecast is a thumb-sized media streaming device that plugs into the HDMI port on a television set to cast the user’s mobile entertainment content or apps to the big screen. With Chromecast, a user’s smartphone or tablet can be used as a personalized remote control for the TV, according to Google.

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