Hiring intent falls: poll
Only 53 percent of businesses in Taiwan intend to hire new employees in the first quarter of next year, a lower percentage than for the same period over the past four years, according to the results of a survey released yesterday. The figure, down 12 percentage points from the current quarter, reflected growing reluctance among companies to recruit new people amid a sluggish economy. The survey, conducted by online broker 1111 Job Bank, also found that companies are most likely to hire new employees to fill vacancies left by former employees (38.4 percent) or as part of routine recruiting efforts (34.9 percent).
lMedFirst plans more storesl
MedFirst Healthcare Services Inc (杏一醫療), the nation’s largest chain of healthcare stores with medical consultancy, yesterday said it plans to open 10 more stores in Taiwan next year after also opening 10 stores this year. The company has 200 stores in Taiwan and China, MedFirst Healthcare Services said. MedFirst president Jimmy Tsai (蔡德忠) said the company plans to raise NT$600 million to NT$1 billion (US$18.13 million to US$30.22 million) to build a logistics center in Taiwan next year in a bid to expand its operating scale.
lEslite to open more outletsl
Eslite Group (誠品集團) plans to launch outlets in Taiwan, Hong Kong and China next year, the group’s subsidiary Eslite Spectrum Corp (誠品生活) general manager Lee Chieh-hsiu (李介修) told a media briefing yesterday. Eslite, which runs bookstores, galleries and department stores, opened 10 new or renovated outlets in Taiwan, one in Hong Kong and one in Suzhou, China, this year, Lee said. As part of the efforts to continue expanding the group’s reach in Asia, Lee said Eslite is to open three new outlets, one in Linkou District (林口), New Taipei City, in the Cityplaza mall on Hong Kong Island and one in Shanghai.
lReports no worry: Pegatronl
Pegatron Corp (和碩) chairman Tung Tsu-hsien (童子賢) said yesterday that he is not concerned about the entry of Chinese contract notebook makers into the supply chain of Taiwanese PC vendors, as it is more important for Pegatron to continue to improve its competitiveness in the market. Tung’s remarks came after the Apple Daily newspaper reported that Chinese firm BYD Co Ltd (比亞迪) has entered the supply chain for making notebook products for Taiwan’s Asustek Computer Inc (華碩). Other than being one of the main assemblers for Apple Inc’s iPhones, Pegatron also manufactures notebooks for Asustek. Tung said the market tends to pay close attention to the entry of new firms into the industry, but it is more important for Pegatron to focus on its competitiveness rather than worrying about other firms.
lGreater demand predictedl
TrendForce Corp (集邦科技) yesterday said global growth in demand for industrial robots would continue accelerating on account of labor shortages in China and the loss of demographic dividends. TrendForce said in a statement that China has been energetically pushing forward with the transformation of its economy and sales of industrial robots have been growing swiftly in response to the rising demand for automation. TrendForce said it expects China’s industrial robot demand to reach 95,000 units next year, up 26.66 percent from this year’s estimate of 75,000 units.
Polytronics Technology Corp (聚鼎科技) yesterday announced that it is buying Henkel AG’s thermal clad dielectric material (TCLAD) business division for US$26 million as the Taiwanese firm aims to improve its technology, product portfolio and revenue performance. Polytronics, headquartered in the Hsinchu Science Park (新竹科學園區), is a supplier of protection components and heat dissipation materials. The firm entered the metallic heat-dissipation substrate market in 2007 and developed a unique solventless production process. Its board of directors approved signing an agreement with Henkel to acquire the German chemical firm’s TCLAD division in the US. The purchase includes all assets and business interests, including equipment,
SIZE MATTERS: Medium-sized hotels that do not have the support of parent groups are more vulnerable and are forced to take action, a REPro Knight Frank researcher said About 50 hotels across Taiwan are seeking to exit the market as they succumb to the bleak business outlook amid international travel restrictions imposed to combat the COVID-19 pandemic. Yomi Hotel (優美飯店) on Minsheng E Road, Sec 1, in Taipei is seeking to transfer ownership with an asking price of NT$950 million (US$32.15 million) and a pledge for a lease contract that guarantees a 3 percent return. The budget hotel, with room rates that start from NT$1,400 per night, maintains normal operations, but has been struggling since March, when the government placed restrictions on inbound and outbound travel. Occupancy rates for hotels in
With the US dollar expected to weaken in the next 12 months due to near-zero interest rates, investors should consider purchasing US corporate bonds, Standard Chartered Bank Taiwan Ltd (渣打台灣銀行) said on Thursday. The bank said that the US Federal Reserve since last month has been buying bonds issued by US companies to curb default rates. The US dollar is forecast to be weaker against the pound, the euro and the yen, as well as the Canadian dollar, the Swedish krona and the Swiss franc, as the greenback lacks high investment returns after the Fed in March slashed the benchmark interest rate
A Bollywood actor’s face tattooed on his arm, Sandeep Bacche’s devotion shocks few in India where stars enjoy semi-divine status, but even there the hallowed silver screen might be losing its shine to streaming services and pandemic fears. “Whenever things get better and theaters begin operations, I will watch three movies a day for sure just as a way to celebrate,” said the Mumbai rickshaw driver, who is recovering from the virus himself. However, others might not join the party. With cinemas shut for months due to a COVID-19 lockdown, and little prospect they will reopen soon, frustrated Bollywood producers have turned to