Foreign inflows increase
Foreign institutional investors in Taiwan last month registered a net fund inflow of US$3.32 billion, increasing from the previous month, government statistics showed. Data released on Friday by the Financial Supervisory Commission showed that last month’s net inflow beat January’s figure of US$2.65 billion and was the highest monthly inflow since June last year, when it reached US$4.05 billion. Riding a wave of high liquidity, the TAIEX has risen 496.97 points, or 5.37 percent, since the beginning of this year. In the first two months of the year, foreign institutional investors bought a net NT$95.3 billion (US$3.07 billion) worth of shares on the local main bourse, the commission said.
THSRC included in index
Taiwan High Speed Rail Corp (THSRC, 台灣高鐵) has been included in the FTSE TWSE Taiwan Mid-Cap 100 Index after a quarterly review by the Taiwan Stock Exchange. The adjustment is to take effect on March 20, the exchange said. The company was listed on the main board on Oct. 27 last year, with a share price of NT$15.15.
Banks to offer Apple Pay
Seven banks in Taiwan have obtained the Financial Supervisory Commission’s approval to provide services offered by Apple Pay. The banks are Taipei Fubon Commercial Bank (台北富邦銀行), Cathay United Bank (國泰世華銀行), E.Sun Commercial Bank (玉山銀行), Taishin International Bank (台新銀行), CTBC Bank (中國信託銀行), First Commercial Bank (第一銀行) and Union Bank of Taiwan (聯邦銀行), the Banking Bureau said. It is still unknown when Apple Pay will be available in Taiwan, since it depends on Apple’s cooperation with the banks, it said.
NO VIRUS BLUES: A SEMI Taiwan official said that the virus does not slow down the global semiconductor industry’s investment in manufacturing equipment The production value of the nation’s semiconductor industry is expected to grow 16.7 percent this year from last year, outpacing the global industry’s 3.3 percent growth, industry association SEMI said yesterday. That would help Taiwan safeguard its second spot in the global semiconductor market with a production value of more than NT$3 trillion (US$102.73 billion), SEMI Taiwan president Terry Tsao (曹世綸) told a media briefing in Taipei for the Semicon Taiwan trade show beginning today. The global semiconductor industry’s production value is expected to increase to US$426 billion this year, SEMI said. In terms of semiconductor equipment investment, equipment billings from Taiwanese firms
Intel Corp has received licenses from US authorities to continue supplying certain products to Huawei Technologies Co (華為), a company spokesman said yesterday. Washington has been pushing governments around to world to squeeze out Huawei, saying that the telecom giant would hand data to Beijing for espionage. From Monday last week, new curbs have barred US companies from supplying or servicing Huawei. This week, the state-backed China Securities Journal reported that Intel had received permission to supply Huawei. China’s Semiconductor Manufacturing International Corp (SMIC, 中芯國際), which uses US-origin equipment to make chips for Huawei and other companies, last week confirmed that it had sought
Taipei Times: When do you think the hospitality industry can return to how it was before the COVID-19 pandemic? How does Formosa International Hotels Group (FIH, 晶華酒店集團) fare this quarter and beyond? FIH chairman Steve Pan (潘思亮): The virus outbreak will have a serious impact on business travel, driven mainly by meetings, incentive travel, conferences and exhibitions over the past three decades. For the past six months, many businesspeople have grown used to exchanging information on the Internet, where more people can participate. The trend might sustain for three to five years until people are vaccinated and it is safe to
DIGITAL COMMERCE: In 2016, only 2 percent of orders were delivered in Taiwan, but that has risen to 10 percent, Foodpanda Taiwan Co operations director Nick Yu said Online food delivery platforms have seen explosive growth in Taiwan this year, helped by business opportunities related to the COVID-19 pandemic, company executives said at a digital commerce conference in Taipei yesterday. When the threat of COVID-19 kept people from going out to eat, more people experimented with ordering food deliveries online, Foodpanda Taiwan Co Ltd (富胖達) operations director Nick Yu (余岳勳) said. Foodpanda started operations in Taiwan in 2012. “We experienced 5,000 percent growth in the past 24 months,” Yu said. “That’s more than the previous six years combined.” In 2016, only 2 percent of food orders were delivered in Taiwan, but that