StarLux mulls A330 deal
New carrier StarLux Airlines Co (星宇航空) is considering adding wide-body Airbus SE A330 aircraft to its fleet to fly between Taiwan and capital cities in Asia where demand is strong, airline spokesman Nieh Kuo-wei (聶國維) said yesterday. The airline is still evaluating which model of the Airbus A330 and how many of the jets it might procure, with a final decision expected in the middle of next year, Nieh said. The carrier is scheduled to launch commercial services to Macau, Vietnam’s Da Nang and Malaysia’s Penang on Jan. 23, using single-aisle Airbus A321neo aircraft.
Atypical workers on the rise
The number of atypical workers in Taiwan continues to increase, but the pace of growth is slowing, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said. In a national survey released on Thursday last week, the DGBAS said that the number of atypical workers rose 0.67 percent year-on-year to 819,000 in May. Over the past three years, atypical workers accounted for about 7.1 percent of employees in Taiwan, far lower than Japan’s 37.9 percent and South Korea’s 33 percent, DGBAS data showed.
Soil survey budget released
The Ministry of Economic Affairs is to allocate NT$1.7 billion (US$55.7 million) over five years to survey the potential for soil liquefaction across Taiwan, the Central Geological Survey (CGS) said in a statement on Thursday last week. Of the NT$1.7 billion, about NT$300 million is to be allocated for next year, CGS Acting Director Tsao Shuh-jong (曹恕中) said.
Polytronics Technology Corp (聚鼎科技) yesterday announced that it is buying Henkel AG’s thermal clad dielectric material (TCLAD) business division for US$26 million as the Taiwanese firm aims to improve its technology, product portfolio and revenue performance. Polytronics, headquartered in the Hsinchu Science Park (新竹科學園區), is a supplier of protection components and heat dissipation materials. The firm entered the metallic heat-dissipation substrate market in 2007 and developed a unique solventless production process. Its board of directors approved signing an agreement with Henkel to acquire the German chemical firm’s TCLAD division in the US. The purchase includes all assets and business interests, including equipment,
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