A REVAMP: Under current rules, short-term exchange-rate movements generate major volatility in reported earnings, even if they are unrealized, the FSC said
Taiwan is set to overhaul accounting rules to help life insurers ease the impact of foreign-exchange fluctuations on their financial statements, a move that is likely to save billions of dollars in currency hedging costs.The new method would let insurance companies spread out exchange-rate gains and
Automaker Yulon Motor Co’s (裕隆汽車) debt and profitability are expected to improve over the next two years, aided by the sale of its electric vehicle brand Luxgen Motor Co (納智捷) for NT$787.6 million (US$25.02 million), Taiwan Ratings Corp (中華信評) said yesterday.The cash inflow should help Yulon improve
Retail sales last month rose 1.4 percent year-on-year to NT$445.9 billion (US$14.16 billion), a record high for the month of November, and up 6.5 percent from the previous month, government data released yesterday showed.It came as department stores’ anniversaries, Double 11 Singles’ Day and Black F
US trade officials determined that China should be penalized for employing unfair tactics to dominate the semiconductor industry, but would wait 18 months to impose tariffs, US authorities said on Tuesday.A US Trade Representative (USTR) investigation concluded China’s targeting of semiconductors “f
A field of “Tagetes erecta” flowers, often called African marigolds, bloom along the riverside Yaya Park in New Taipei City’s Sanchong District yesterday. Along with French marigold, common cosmos, zinnia and canola, the flowers are to be in full bloom until mid-February next year, the New Taipei Ci
STILL STRONG: Order momentum is expected to continue this month, potentially reaching US$74bn due to strong demand for AI, the Ministry of Economic Affairs said
Export orders last month expanded 39.5 percent year-on-year to US$72.92 billion, the 10th straight month of double-digit percentage growth and the highest for a single month, the Ministry of Economic Affairs said yesterday.Last month’s figure increased 5.1 percent from the previous month, exceeding
CARVING A NICHE: While Taiwan trails Singapore and Hong Kong in some areas, it has unique advantages such as world-class technology, FSC Chairman Peng said
Taiwan’s bid to become a leading Asian asset-management hub is gathering momentum, with assets under management climbing more than NT$4 trillion (US$127 billion), reaching a key two-year milestone ahead of schedule, Financial Supervisory Commission (FSC) Chairman Peng Jin-lung (彭金隆) said yesterday.T
Taiwan’s initial public offerings (IPO) activity is expected to remain strong next year following a stellar showing this year, as artificial intelligence (AI) and the technology supply chain continue to support Taiwanese stocks, Ernst & Young (EY) Taiwan said yesterday.“Despite the uncertainties in
Innolux Corp (群創) said it is in talks with chip companies to jointly develop next-generation panel-level chip packaging technologies, as the company’s first fan-out panel-level packaging (PLP) project entered volume production in the second quarter.The Miaoli County-based flat-panel display maker’s
Nvidia Corp has told Chinese customers it aims to start shipping its second-most powerful artificial intelligence (AI) chips to China before the Lunar New Year holiday in the middle of February, three people familiar with the matter said.The US chipmaker plans to fulfill initial orders from existing
A tariff hike to be imposed by the Mexican government will not affect Taiwan-made information and communications technology (ICT) related items such as semiconductors, the Executive Yuan’s Office of Trade Negotiations said yesterday.According to the office, these items, including chips, servers, gra
Taiwan’s economic growth for this year was forecast at 7.25 percent yesterday by the Taiwan Research Institute (TRI), a sharp upward revision from its June estimate of 2.9 percent, though it also urged cautioned over next year’s economic conditions.The TRI said that the market initially worried abou
Yulon Nissan Motor Co president Yao Chen-hsiang, left, and vice president Calvin Lee pose with a Nissan Formula E GEN3 Evo racing car at a news conference at the Taipei World Trade Center yesterday to promote the Taipei Auto Show. The biennial event, taking place from Wednesday next week to Jan. 4,
GROWTH FOR WHOM? The imbalance between the AI industry and traditional sectors helps explain why many people feel disconnected, Academia Sinica’s vice president said
The economy is set for its fastest expansion in 15 years, prompting Academia Sinica to sharply raise its growth forecast yesterday, as exports powered by surging global demand for artificial intelligence (AI) hardware proved far stronger than expected. The research institute expects GDP growth to hi
RESPONSE: The Japanese Ministry of Finance might have to intervene in the currency markets should the yen keep weakening toward the 160 level against the US dollar
Japan’s chief currency official yesterday sent a warning on recent foreign exchange moves, after the yen weakened against the US dollar following Friday last week’s Bank of Japan (BOJ) decision. “We’re seeing one-directional, sudden moves especially after last week’s monetary policy meeting, so I’m
Global server shipments are expected to surge to 15 million units next year, from 4 million units this year, with artificial intelligence (AI) servers accounting for about 30 percent, driven by massive capital spending by major cloud service providers, the Market Intelligence and Consulting Institut
The unemployment rate fell to 3.33 percent last month, a 25-year low for November, underscoring continued stability in the labor market as year-end consumption activity gathers pace, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday. The jobless rate declined for a
Solar energy associations yesterday urged the government to streamline a review of solar installations to help local companies ride through an industry slump, as some large-scale solar projects above fisheries were stalled due to new environmental protection regulations.“The new legislations deepen
Consumers’ economic mood and consumption attitude appeared slightly downbeat this month, and they were cautious about next year’s inflation outlook, a survey released yesterday by Cathay Financial Holding Co (國泰金控) showed.At the same time, people’s confidence in stock investment also fell, and they
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