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Number of inherited homes surges 6%

By Crystal Hsu

The number of homes inherited in the first quarter rose 6 percent year-on-year to a record high of 11,700 units, with the figure set to rise further with a rapidly aging population, Sinyi Realty Inc (信義房屋) said. The continued pickup in the number is inFULL STORY

Foreign brokerages upbeat on ASE shares

Several brokerages have a “buy” rating on Advanced Semiconductor Engineering Inc (ASE, 日月光半導體) shares after the world’s largest IC packaging and testing firm reached a deal to form a holding company with a smaller rival. The brokerages are upbeat about ASE’s bottom line, as theFULL STORY

Analysts lower forecasts for China Life Insurance

By Ted Chen

Analysts reduced their financial forecasts for China Life Insurance Co Ltd (中國人壽保險) for this year, after the company reported lukewarm sequential earnings for last quarter. Yuanta Securities Investment Consulting Co (元大投顧) slashed its earnings per share (EPS) estimate for the insurer by 9 percent for thisFULL STORY

Handset assemblers saw Q1 market-share fall: IDC

Taiwan witnessed its share of the global smartphone assembly business fall in the first quarter of this year amid escalating competition in the world market, market information advisory firm International Data Corp (IDC) said on Friday. According to IDC, Taiwan’s share of the global smartphoneFULL STORY

CPC Corp to hold gasoline prices, edge diesel down

By Lisa Wang

State-run oil refiner CPC Corp, Taiwan (CPC, 中油) yesterday said it would keep gasoline prices unchanged, but cut diesel prices by NT$0.1 per liter as global crude oil prices inched up on improved oversupply concern. That marked the second week that CPC maintained prices for itsFULL STORY

Taipei office rentals rated 16th-highest in the region

Rental prices for Grade-A offices in Taipei were the 16th-highest among major cities in the Asia-Pacific region, property market consulting firm REPro Knight Frank said on Saturday. Citing a research report, the consultancy said the average rent for a Grade A office in Taipei hitFULL STORY

FEATURE: Startups stir chai into Silicon Valley

In a Silicon Valley culture known for brilliant ideas boiling up in coffee shops, Gaurav Chawla is pouring his heart into chai. Chawla was on a break from his job as an engineering manager at San Francisco-based cloud-computing star Salesforce.com when he began lamenting how toughFULL STORY

Taiwan working to woo Muslim visitors: bureau

Taiwan, which was recently ranked as the safest non-Organization of Islamic Cooperation (OIC) destination in the global Muslim travel market, needs to improve its efforts to promote the unique experience it offers to stand out from other destinations, a Tourism Bureau official said. Only about 200,000FULL STORY

Minister to attend WTO, TiSA meetings in Paris

A delegation led by Minister of Economic Affairs Lee Chih-kung (李世光) is to depart for France tomorrow to attend informal mini-ministerial meetings of the WTO and the Trade in Services Agreement (TiSA). The WTO and TiSA meetings are to take place on the sidelines ofFULL STORY

Japan to delay sales-tax hike: official

Japan will probably delay a sales tax increase scheduled for April next year for two-and-a-half years because the government needs to give priority to economic recovery, Hakubun Shimomura, an aide to Japanese Prime Minister Shinzo Abe, said yesterday. “We have no other options but to postponeFULL STORY

Paris adamant on corporate taxes

France is to “go all the way” to ensure that multinationals operating on its soil pay their taxes and more cases could follow after Google and McDonald’s Corp were targeted by tax raids, French Minister of Finance Michel Sapin said. Sapin, speaking in an interview withFULL STORY

Luxury brands struggle to win loyalty of millennials

Seducing hyper-connected millennials poses an increasing challenge for luxury brands, which find their markets slowing as young, skeptical consumers force them to rethink strategies. Goldman Sachs estimates that 92 million Americans are in the millennial generation — born between the early 1980s and the 2000s —FULL STORY

German finance minister blasts Merkel on EU-US pact

German Minister for Economic Affairs and Energy Sigmar Gabriel lashed out at German Chancellor Angela Merkel for her “wrong” stance on a huge EU-US free-trade pact in an interview to be published today, signaling a deepening rift within the government over the controversial accord. Gabriel, alsoFULL STORY

Coal India profit misses estimates as glut weighs

Coal India Ltd, the world’s biggest producer of the fuel, missed analysts’ estimates for profit in the January-to-March quarter as oversupply of the fuel and lower international prices trimmed earnings. Net income for the three months ended March 31 rose to 42.5 billion rupees (US$634.01 million)FULL STORY

World Business Quick Take

ENERGY IRENA touts renewables Renewable energy will account for 40 percent of electricity output capacity by 2030, almost double today’s market share, according to the International Renewable Energy Agency (IRENA). The expansion will be due to lower technology costs, IRENA director-general Adnan Amin said in an interviewFULL STORY

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