Stationless bike-sharing platform oBike has said it might appeal the New Taipei City Department of Transportation’s ban on parking oBikes in public parking spaces in 11 densely populated districts.
The ban follows complaints against oBike — a Singapore-based company that began operating in Taiwan in April — that their bikes often occupy public parking spaces for motorcycles or are parked in ways that obstruct pedestrians.
The bicycle sharing service has a “rent anywhere, return anywhere” policy that allows users to leave the bicycles where they want.
Photo: Lee Ya-wen, Taipei Times
As a result of the ban, 969 of the company’s bikes had been towed as of Sunday, mostly from the city’s Tamsui (淡水), Luzhou (蘆洲), Sanchong (三重), Yonghe (永和), Jhonghe (中和), Banciao (板橋), Tucheng (土城), Sinjhuang (新莊), Sindian (新店), Linkou (林口) and Sijhih (汐止) districts.
OBike Taiwan general manager Wang Yan-ting (王妍婷) said the company promotes environmentally friendly transportation and does not accept government funding.
Under existing laws, the bikes can be parked in parking spaces, she said, adding that criticizing the company for occupying parking areas is wrong.
Wang questioned the legality of the city government’s ban and said she would consult with lawyers to decide if the company would file an administrative appeal with the Executive Yuan, the Liberty Times (sister paper of the Taipei Times) reported on Sunday.
The company is unlikely to reclaim the towed bikes for the time being, she said.
New Taipei Mayor Eric Chu (朱立倫) yesterday said that the city might establish parking rules for the bikes and other forms of “green” transportation.
The transportation department said the areas selected for the ban are densely populated and motorcycle and bike parking spaces are at a premium. For-profit rental bike companies are no longer permitted to occupy public parking spaces in these areas, it said, but added that it might add more bicycle parking to encourage “green” transportation.
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
The New Taiwan dollar and Taiwanese stocks surged on signs that trade tensions between the world’s top two economies might start easing and as US tech earnings boosted the outlook of the nation’s semiconductor exports. The NT dollar strengthened as much as 3.8 percent versus the US dollar to 30.815, the biggest intraday gain since January 2011, closing at NT$31.064. The benchmark TAIEX jumped 2.73 percent to outperform the region’s equity gauges. Outlook for global trade improved after China said it is assessing possible trade talks with the US, providing a boost for the nation’s currency and shares. As the NT dollar
PRESSURE EXPECTED: The appreciation of the NT dollar reflected expectations that Washington would press Taiwan to boost its currency against the US dollar, dealers said Taiwan’s export-oriented semiconductor and auto part manufacturers are expecting their margins to be affected by large foreign exchange losses as the New Taiwan dollar continued to appreciate sharply against the US dollar yesterday. Among major semiconductor manufacturers, ASE Technology Holding Co (日月光), the world’s largest integrated circuit (IC) packaging and testing services provider, said that whenever the NT dollar rises NT$1 against the greenback, its gross margin is cut by about 1.5 percent. The NT dollar traded as strong as NT$29.59 per US dollar before trimming gains to close NT$0.919, or 2.96 percent, higher at NT$30.145 yesterday in Taipei trading