Home / Business

Ministry mulls income tax cuts

By Crystal Hsu

The Ministry of Finance is studying plans to cut taxes on personal income and stock dividends, among other changes, in an attempt to help boost the economy and invigorate the local bourse. Minister of Finance Sheu Yu-jer (許虞哲) said the ministry has commissioned a think tankFULL STORY

PChome unveils third-party payment service

By Kuo Chia-erh

PChome InterPay (國際連), a wholly owned subsidiary of PChomePay (支付連), yesterday launched a third-party payment and online financing service. PChome InterPay, with a paid-in capital of NT$501 million (US$15.88 million), said that its service would allow tens of millions of customers within subsidiaries of PChome OnlineFULL STORY

Better-than-forecast demand sees Acer Inc facing shortages

By Lauly Li

Acer Inc (宏碁) chief executive officer Jason Chen (陳俊聖) yesterday said the company’s Chromebooks and its new notebook computers are facing component and assembly shortages due to stronger-than-expected market demand. The company has requested both suppliers and assemblers increase their capacity to ease the constraints, ChenFULL STORY

Closure of Formosa generators to affect power supplies: Lee

By Lauly Li

Minister of Economic Affairs Lee Chih-kung (李世光) yesterday said the suspension of Formosa Chemicals & Fibre Corp’s (台灣化學纖維) three power generators at its Changhua County plant would impact the stability of the nation’s electricity supply. Formosa Chemicals’ coal-fired cogeneration power units had been one of TaiwanFULL STORY

UMC profit up on demand for 28-nanometer chips

By Lisa Wang

United Microelectronics Co (UMC, 聯電), the nation’s second-largest contract chipmaker, yesterday reported a 15.5 percent quarterly growth in net profit for last quarter, benefiting from strong demand for chips using its 28-nanometer process technology. Net profit expanded to the highest level in three quarters at NT$2.98FULL STORY

Nanya net profit surges on demand, asset gains

By Lisa Wang

DRAM chipmaker Nanya Technology Corp (南亞科技) yesterday said net profit surged last quarter from the previous quarter thanks to robust demand and asset gains. Net profit reached NT$1.4 billion (US$44.36 million) from NT$397 million in the second quarter, a Nanya financial statement showed. On an annual basis,FULL STORY

Taozhu Garden ceremony scheduled

By Crystal Hsu

Taozhu Garden (陶朱隱園), a sustainable residential tower in Taipei’s prime Xinyi District (信義), is poised for its topping-off ceremony next month and space is to go on sale next year, amid a stagnant luxury housing market in Taiwan. Core Pacific Group (威京集團), whose business interests encompassFULL STORY

Toyota announces recall of nearly 6m more Takata airbags

Toyota Motor Corp yesterday said it was recalling another 5.8 million Takata Corp-made airbags in a global safety scandal blamed for a string of deaths and injuries. The world’s biggest vehicle maker said it was calling back 1.47 million airbags installed in cars sold in Europe,FULL STORY

Taiwan Business Quick Take

GAMING Cayenne to list in Taipei Mobile game distributor Cayenne Ark Mobile Co Ltd (辣椒方舟), an affiliate of Cayenne Entertainment Technology Co (紅心辣椒), is to list today on the Taipei Exchange’s Emerging Stock Board at NT$20 per share. Cayenne Ark chairman Joe Deng (鄧潤澤) yesterday told aFULL STORY

NZ easiest place to do business

New Zealand has edged out Singapore to take top spot for ease of doing business in the World Bank’s latest rankings, but money-laundering experts warned the honor masked the darker side of the Pacific nation’s vulnerability as a channel for illegal funds. In its annual DoingFULL STORY

Nintendo cuts full-year sales and profit forecasts

Nintendo Co cut its sales and operating profit outlook for the year, as the popularity of Pokemon Go failed to make up for sliding sales of its 3DS and Wii U games. Operating profit for the fiscal year through March would be ¥30 billion (US$288 million),FULL STORY

Internet disruption costs US$2.4bn

Governments pay a significant price when they disrupt access and connectivity to the Internet because such shutdowns undermine economic growth, jeopardize lives and erode confidence, the Brookings Institution said in a study. Between July 1 last year and June 30 this year, 81 temporary Internet blackoutsFULL STORY

HNA Group takes a breather following US$34 billion spree

After a US$34 billion deal-making spree over the past year, HNA Group Co (海航集團) might need some time to catch its breath. The acquisitive Chinese conglomerate’s potential bid for Singapore logistics operator CWT Ltd (迅通集團) could be delayed until at least the end of the year,FULL STORY

Surprise demand for iPhone 7 Plus catches out Apple

Apple Inc said it was caught off guard by how many people want to buy its biggest smartphone, the iPhone 7 Plus, and the miscalculation might hit profits this holiday season. The technology leader is not sure it can make as many units of the iPhoneFULL STORY

Low rates don’t equal inequality: Draghi

The president of the European Central Bank (ECB) is defending the bank’s monetary stimulus programs and record-low interest rates against concerns that they hurt savers and favor the wealthy. ECB President Mario Draghi said in a speech in Berlin on Tuesday that low interest rates areFULL STORY

World Business Quick Take

PHARMACEUTICALS Bayer raises its forecast German chemicals and pharmaceuticals giant Bayer yesterday said it had slightly increased its forecast for the whole year after hgiher sales and profits in the third quarter. Results released by the firm showed that profits rose by 18.8 percent to 1.2 billionFULL STORY

More :
Date Range : Past 7 Days Custom Date Range
TOP top