Fri, Jun 12, 2015 - Page 14 News List

Taiwan Business Quick Take

Staff writer, with CNA

FOOD & BEVERAGE

TGI Fridays eyes growth

TGI Fridays (Taiwan) Inc (星期五), a unit of Bayshore Pacific Hospitality Ltd (北軒餐飲管理) that operates the US-style restaurant chain, yesterday said it is looking to grow its revenue by a double-digit percentage this year after adopting a new strategy to increase average customer spending by updating its menu. The chain, which has 13 outlets in the nation, saw sales last year rebound from 2013, bucking the declining trend of the previous three consecutive years, after Bayshore Pacific took over its management in August last year. The company last month launched 40 new menu items, a move that has generated NT$20 million (US$641,807) in sales for the chain thus far, which is set to help the company to reach the double-digit growth target set for the year, managing director Jeff Lee (李宏智) said. The chain has seen the new dishes drive up its average customer expenditure from NT$550 to about NT$600, the company said.

TECHNOLOGY

Photonic show next week

Ultraviolet (UV) and infrared (IR) LED lighting applications, optical applications on mobile devices and 3D printing technologies are the focus of this year’s Photonic show in Taiwan, show organizer the Phonics Industry and Technology Development Association (光電協進會) said yesterday. The association said that the production value of the nation’s optical electronics industry was worth NT$2.467 trillion last year, accounting for 12 percent of the global industry’s total production value of US$576.6 billion. The association said the annual trade show would be held in the Taipei World Trade Center and the Nangang Exhibition Hall from Tuesday to Thursday, with more than 500 companies showcasing the latest technologies and applications at more than 1,000 booths. The association expects more than 30,000 foreign visitors from 40 countries to visit the show.

HOSPITALITY

Farglory plans Jiaosi hotel

Farglory Hotel Co (遠雄悅來大飯店), part of Farglory Group (遠雄企業集團), is scheduled to begin construction of a hotel in Jiaosi Township (礁溪), Yilan County, in the second half of this year at the earliest, with hopes of opening it in two to three years. Farglory Hotel, which operates a luxury hotel in Hualien, received a construction permit late last year for its construction plans for Jiaosi, with the company still awaiting permits for its other plans for sites on Taipei’s Yangmingshan (陽明山) and Chiayi County’s Alishan (阿里山). As for the hotel project in the controversial Taipei Dome complex, the company said it would continue discussions with its parent company for possible cooperation in the second half of this year.

ELECTRONICS

Lite-On revenue down

Electronics component maker Lite-On Technology Corp (光寶科技) on Tuesday reported consolidated revenue of NT$16.76 billion last month, a decrease of 15 percent year-on-year and 2 percent month-on-month, which the company attributed to a slowdown of worldwide end-market demand. With stable order intakes for the company’s core businesses, such as optoelectronics and information technologies, Lite-On said its cumulative sales for the first five months of the year totaled NT$85.48 billion, a decrease of 5 percent from a year earlier.

This story has been viewed 1381 times.

Comments will be moderated. Keep comments relevant to the article. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. Final decision will be at the discretion of the Taipei Times.

TOP top