Sharp to woo local customers
Sharp Corp’s Taiwan branch yesterday unveiled the company’s first 70-inch 8K compatible TV and display in Taiwan. The company said it will release a series of advertisements for Sharp TVs from this month to increase its presence in the local market. The new TV is to be available in China next month, Japan in December and Taiwan in February next year, it said. Orion Ding (丁洋中), sales director of Sharp’s consumer electronics division, said the company is to hold a supply chain forum and a large launch event for other products in Taiwan in early November. In addition, Sharp plans to accelerate its development of 8K cameras, 8K broadcast receivers and other 8K products.
Sector’s profits dip slightly
The Financial Supervisory Commission yesterday said domestic banks posted pretax profits of NT$190.2 billion (US$6.3 billion) in the first seven months of the year, down 1.2 percent from a year earlier. According to the commission’s statistics, about 65.6 percent of the profits are from lenders’ local operations, 24 percent from offshore banking units, 9.4 percent from overseas branches and 1 percent from branches in China. In July, domestic banks saw their pretax profits increase 6 percent year-on-year to NT$28.9 billion, the commission said.
China Life earnings plummet
Taipei-based China Life Insurance Co (中國人壽) on Wednesday said its total premiums for the first half of this year grew 3 percent year-on-year while its first-year premiums fell 25 percent from a year earlier due to changes in product mix. The life insurer said its cost of liability dropped by 5 basis points to 3.30 percent in the first half from the same period last year, while the average investment return slid to 3.45 percent from 4.11 percent, because of higher hedging costs of 185 basis points due to foreign-exchange volatility, it said. The company’s net profit reached NT$2.344 billion in the first half, with earnings per share of NT$0.67, down 60 percent from a year earlier.
SME lending up 6.8% yearly
Loans to small and medium-sized enterprises (SMEs) rose NT$13.61 billion, or 0.23 percent month-on-month, to NT$5.883 trillion at the end of July, Banking Bureau data released on Tuesday showed. Compared with a year earlier, the figure increased 6.8 percent, the bureau said. The amount accounted for 59.6 percent of total corporate loans and 62.31 percent of total loans extended to the private sector, down 0.08 percentage points and 0.04 percentage points respectively from the previous month, the bureau said in a statement on its Web site. The underlying bad loan ratio remained unchanged at 0.45 percent last month, the bureau said.
Samsung to take pre-orders
Pre-orders for Samsung Electronics Co’s latest flagship smartphone, the Galaxy Note 8, will be accepted from today to Friday next week, Samsung Electronics Taiwan Co Ltd (台灣三星電子) said in a statement last week. Orders can be made via Samsung’s official Web site and the five major mobile network operators: Chunghwa Telecom Co (中華電信), Taiwan Mobile Co (台灣大哥大), Far EasTone Telecommunications Co Ltd (遠傳電信), Asia Pacific Telecom Co (亞太電信) and Taiwan Star Telecom Corp (台灣之星), Samsung Taiwan said. The model will be offered in gray, gold and a limited edition pink color, it said.
DEVELOPING TALENT: The electronics contractor is looking to recruit people to work in core tech fields and emerging industries like electric cars and robotics Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, has launched a recruitment drive, offering a monthly salary of no less than NT$45,000 (US$1,485) to university graduates. For those with a master’s degree, the starting pay would be NT$52,000 per month at the minimum, while doctorate degree holders would receive at least NT$60,000 a month, Hon Hai said a statement issued early this week. The latest recruitment drive is aimed at attracting talent in core technology fields — artificial intelligence, semiconductors and next-generation mobile communications — and emerging industries — electric vehicles, digital healthcare and robotics, the
MRT TRAVEL FALLS: In February, ridership on the Taipei MRT System fell 8.96 percent from an average of 2.01 million per day in January Scooter sales jumped 13 percent last month as more commuters turned to two-wheelers to avoid public transportation amid the COVID-19 pandemic, the latest statistics showed. Sales expanded to 74,493 units last month, compared with 65,913 units in February, statistics released on Wednesday by Kwang Yang Motor Co (光陽工業) and the Ministry of Transportation and Communications showed. In the first quarter, aggregate sales slid 0.51 percent year-over-year to 186,627 units, from 187,580 units, data showed. Kwang Yang, the nation’s biggest scooter manufacturer, continued to lead the market by selling 24,136 vehicles last month, growing 6.12 percent from 20,785 units in the previous month, while
Asustek Computer Inc (華碩), the nation’s leading PC vendor, yesterday launched its first dual-screen gaming laptop powered by Intel Corp’s latest central processing units (CPUs). The PC manufacturer’s announcement closely followed the US chipmaker’s unveiling of its 10th Generation Core H-series, the fastest commercial mobile processors with speeds of up to 5 gigahertz. Although Asustek’s Zephyrus Duo 15, the highlight of its Republic of Gamers line, is not the company’s first laptop with two screens, it is its first designed specifically for gaming. Nestled between the primary display panel and the keyboard, the secondary display, which Asustek calls the ScreenPad Plus, is angled
NO ILL EFFECT: Last month’s data mainly reflected deals made in February, when the spread of COVID-19 was still relatively mild in Taiwan, housing brokers said Housing transactions in the six special municipalities totaled 19,824 units last month, up 7.8 percent from a year earlier, brokers said, citing government data. Last month’s data mainly reflected deals made in February, when the pinch of the COVID-19 pandemic was not yet evident, they said. Taoyuan posted the largest improvement, with housing transactions soaring 36.6 percent year-on-year to 3,676 units, local government data showed. Taiwan Realty Co (台灣房屋) attributed the pickup to the completion of two presale residential projects in the municipality. Houses in Taoyuan have increasingly gained in popularity in the past few year years due to relatively affordable home prices and