The business sentiment of Taiwan’s manufacturing sector showed signs of improvement in July, as optimism toward a peak season for the global high-tech industry outranked concern over the US-China trade war, the Taiwan Institute of Economic Research (台灣經濟研究院) said on Tuesday. Citing its latest survey, the institute said the nation’s economy is recovering at a stable pace, with many manufacturers more upbeat about their operations and the overall business climate.
Aurora markets 3D printers
Office equipment sales agent Aurora Group (震旦行) on Tuesday announced that it has acquired distribution rights for two international 3D printing vendors: Israel-based Nano Dimension Ltd and Mcor Technologies Ltd of Ireland. It said it has also launched its “Aurora 3D Multi Color” in Taiwan and China to more aggressively pursue the cross-strait 3D printing market. Aurora shares rose 17.58 percent last week in Taipei trading, closing at a record-high NT$109 on Friday.
CHT reactivating assets
Chunghwa Telecom Co (CHT, 中華電信) is reportedly reactivating its land asset development, with total investment of between NT$7 billion and NT$8 billion (US$227.78 million to US$260.30 million). The Chinese-language Commercial Times last week reported that the telecom has selected sites to develop three smart office buildings, and construction would be carried out by its subsidiary Light Era Development Co (光世代建設). It has also selected three more sites to develop into social housing projects, the paper said. The company would neither confirm nor deny the report.
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
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, is to issue NT$13.9 billion (US$469.5 million) in unsecured bonds to help fund its plan to expand production capacity, it said on Friday. In a Taiwan Stock Exchange filing, TSMC said the bonds would comprise three tranches: NT$5.7 billion payable over five years, NT$6.3 billion over seven years and NT$1.9 billion over 10 years. The interest rates would be 0.58 percent on the five-year bonds, 0.65 percent on the seven-year ones and 0.67 percent on the 10-year tranche, TSMC said. Capital Securities Corp (群益金鼎證券) is to serve as the main underwriter in