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July manufacturing contracted: CIER

By Crystal Hsu

The official purchasing managers’ index (PMI) dropped to 48.6 last month from 50.8 in June, suggesting a contraction for the local manufacturing industry due to soft demand from markets abroad, the monthly survey by the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) showed yesterday. The NikkeiFULL STORY

Chinese manufacturing sees fifth month of decline

China’s factory activity shrank more than initially estimated last month, contracting the most in two years as new orders fell and dashing hopes that the world’s second-largest economy might be steadying, a private survey showed yesterday. The report followed a downbeat official survey on Saturday, whichFULL STORY

Xiaomi, Huawei edge out Apple in Chinese market

Two Chinese smartphone makers pushed US technology giant Apple Inc into third place in the world’s biggest market in the second quarter, an independent analyst firm said yesterday. Xiaomi Corp (小米), known for delivering high-performance products at cheap prices, was the largest smartphone vendor in ChinaFULL STORY

Advantech keeps double-digit growth target as it begins restructuring plan

By Lauly Li

Industrial computer maker Advantech Co (研華科技) yesterday said it would stick to its goal of growing annual revenue by a double-digit percentage this year after reporting 7.97 percent annual growth in revenue for the first half of the year. “Given [rising] demand from China, North AmericaFULL STORY

Barclays slashes Taiwan GDP growth outlook to 2%

By Crystal Hsu

British banking group Barclays PLC yesterday hacked its forecast for GDP growth in Taiwan by 1.7 percentage points to 2 percent for this year, after poor exports dragged down the nation’s showing in the second quarter and might continue to weigh it down. “Exports cut moreFULL STORY

China to tighten controls on online payment firms

China plans to tighten regulations governing the nation’s 270 online payment firms, including Alibaba Group Holding Ltd’s (阿里巴巴) finance arm, dealing another blow to the booming business of Internet finance. Under draft rules published on Friday last week, the central bank is to limit the amountFULL STORY

Asustek says its Taiwan market share tops 50%

Asustek Computer Inc (華碩) yesterday said that it accounted for more than half of Taiwan’s notebook and desktop computer sales in June, reinforcing its position as the domestic market leader amid a sluggish PC industry. Citing the latest statistics from a market research firm, AsustekFULL STORY

Research, legal expenses hit Cowealth bottom line

By Ted Chen

Medical equipment supplier Cowealth Medical Holding Co (合富醫療) yesterday said that net income dropped 14 percent annually in the first half of this year, mainly due to new product research expenditures and legal fees. Net income fell to NT$135.41 million (US$4.27 million) in the first halfFULL STORY

Taiwan Business Quick Take

ENERGY Motech quarterly losses rise Motech Industries Inc (茂迪), one of the nation’s largest solar cell manufacturers, yesterday posted a bigger quarterly loss due mainly to the acquisition of a loss-making solar cell maker. Motech reported a loss of NT$549 million (US$17.32 million) for last quarter, comparedFULL STORY

Existing home sales remain flat2015-08-03

By Crystal Hsu

Transactions for existing homes in the nation remained flat last month from June, but the figure is a marked decline from the same period last year, with self-occupancy and relocation needs driving sellers to reduce prices slightly, major brokers said yesterday. Sinyi Realty Inc (信義房屋), theFULL STORY

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