Tue, Jul 26, 2016 - Page 11 News List

Taiwan Business Quick Take

Agencies

LEASING

Chailease net income rises

Chailease Holding Co (中租控股) yesterday announced that aggregate net income in the first half gained 3 percent year-on-year to NT$3.53 billion (US$109.83 million). Earnings per share in the first six months were NT$3.1. Net income last month soared to NT$760 million, 10 percent higher than a year ago, and set a new record for June, the company said. Profits in the second quarter posted a 18 percent sequential growth on the back of rising fees and interest income from its aircraft leasing operations in Taiwan and China. The company said that earnings in the second half are likely to be driven by more commercial aircraft leasing in Taiwan and expectations of robust financing needs by small to medium-sized enterprises in China, as well as new business from its new subsidiaries in Southeast Asian markets.

BOOKSTORES

Eslite to keep one 24/7 store

Eslite Spectrum Corp (誠品生活), which operates bookstores, shopping malls and restaurants, yesterday said it would keep at least one bookstore in Taipei that is open around the clock, if its bookstore on Dunhua S Road in Taipei closes after its lease expires in 2020. Eslite chairman Wu Ching-yu (吳清友) told reporters that as much as the firm would like to keep its bookstore on Dunhua S Road, it is not up to the company if the owner of the Dunhua Financial Building decides not to renew the lease for the bookstore with Eslite. However, if that happens, Eslite plans to extend the business hours of one of its bookstores in Taipei to 24 hours a day, Eslite vice chairwoman Mercy Wu (吳旻潔) said.

BANKING

CTBC to launch hackathon

CTBC Financial Holding Co (中信金控) yesterday said the company would begin receiving submissions for a hackathon aimed at discovering new innovations in financial technology (fintech). The company said that it would allow participants access to the application programming interface of its banking subsidiary, CTBC Bank Co Ltd (中國信託銀行), and that the top three winners in the contest would receive a total of NT$600,000 in cash prizes. The hackathon is a joint effort between CTBC and the Epoch Foundation’s (時代基金會) Garage+ start-up incubation program. Participants are to compete in peer-to-peer payments and lending, investment and personal bookkeeping tools, organizers said.

COSMETICS

TAITRA eyes Southeast Asia

The Taiwan External Trade Development Council (TAITRA), the nation’s main trade promotion agency, yesterday announced its beauty products promotion plan targeting Southeast Asian markets with 11 related companies, including skincare brand Dr Wu (達爾膚生醫科技) and Yuan Soap (阿原肥皂). In the second half, the council plans to increase brand awareness and seek sales channels in the markets, especially Malaysia, Singapore, Thailand, Vietnam, Indonesia and the Philippines, it said.

STOCK MARKET

Taiwanese shares fall

Shares in Taiwan yesterday edged lower after a plunge midway through the trading session, but bargain hunting in select large-cap electronics stocks kept the weighted index close to 9,000 points, dealers said. The fall was driven by fears that foreign institutional investors would move funds out of the nation after scaling down their net purchase of shares in the market on Friday last week. The TAIEX closed down 0.24 percent at 8,991.67.

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