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Ting Hsin chairman Wei quits as Taiwan Star head

By Lisa Wang

Ting Hsin International Group (頂新國際集團) chairman Wei Ying-chiao (魏應交) yesterday quit as head of the group’s 4G telecom Taiwan Star Cellular Corp (台灣之星). Following Wei’s resignation, Taiwan Star’s board of directors approved a plan to install former China Airlines Ltd (中華航空) chairman Ringo Chao (趙國帥) asFULL STORY

Acer to remain profitable: analysts

By Lauly Li

PC maker Acer Inc (宏碁) might remain profitable this year, but it could take a longer time for investors to become more optimistic toward the company’s business prospects, analysts said. “We forecast Acer will maintain its profitability this year on improving notebook demand worldwide in theFULL STORY

Inotera expects DRAM chip prices to stabilize

By Lisa Wang

DRAM chip supplier Inotera Memories Inc (華亞科技) yesterday said chip prices would stabilize throughout the rest of this year, driven by strong demand for mobile phones and servers. “In the first quarter, DRAM chip prices dropped deeper than we expected,” Inotera chairman Charles Kau (高啟全) said,FULL STORY

PCSC expects solid growth, Shanghai profits from 2018

By Amy Su

President Chain Store Corp (PCSC, 統一超商), which operates the nation’s largest convenience store chain, 7-Eleven, expects President Chain Store (Shanghai) Ltd (統一超商上海便利) to start making a profit from 2018, following years of store and strategy adjustments. PCSC posted NT$9.09 billion (US$289.72 million), or earnings per shareFULL STORY

Wan Hai targeting higher annual sales and a US comeback

By Amy Su

Wan Hai Lines Ltd (萬海航運) yesterday said it is aiming to raise its annual sales to NT$70 billion (US$2.23 billion) this year, an increase of 4.5 percent from last year. The nation’s third-largest container shipping company in terms of fleet size is banking on an expansionFULL STORY

Consumer confidence hits record high: NCU

By Crystal Hsu

Consumer confidence climbed to a record high this month, as a stable economy and hot money inflows raised investment interest, a survey by National Central University (NCU) showed yesterday. However, positive public sentiment failed to facilitate property transactions due to policy uncertainty, according to the survey,FULL STORY

Economy remains stable, NDC says

By Crystal Hsu

The nation’s business climate indicators flashed the “green” signal again last month, indicating that the domestic economy remained broadly stable, the National Development Council (NDC) said yesterday. The indicators gained one point to 24 last month on the back of better imports of machinery and electricFULL STORY

PChome Online Inc’s net income rises by 27.45%

By Lauly Li

PChome Online Inc (網路家庭) on Thursday reported net income of NT$195 million (US$6.22 million) for last quarter, up 27.45 percent year-on-year and up 13.37 percent from the previous quarter, thanks to gains in market share and an increasing sales contribution from non-IT products. Last quarter’s earningsFULL STORY

Taiwan Business Quick Take

REAL ESTATE Yuanta wins auction Yuanta Life Insurance Co (元大人壽保險), the life insurance arm of Yuanta Financial Holding Co (元大金控), on Thursday beat nine other bidders to win an auction for two state-owned land plots in Taipei with generous premiums. The insurer won the bid for twoFULL STORY

S Korea bullish on joining AIIB

South Korea hopes its infrastructure companies will benefit from the country joining the China-backed Asian Infrastructure Investment Bank (AIIB), the South Korean finance ministry said yesterday. Shares in some South Korean iron and steel product makers rose sharply, partly on hopes for new orders when theFULL STORY

Facebook eyeing Internet drone air fleet

Facebook Inc co-founder Mark Zuckerberg on Thursday proclaimed the successful test of a wide-winged, solar-powered drone built to deliver wireless Internet access to remote areas. The test flight of a drone prototype dubbed “Aquila” took place in Britain and was considered a milestone in an Internet.orgFULL STORY

Twitter goes toe-to-toe with Meerkat

The battle for live streaming smartphone video heated up on Thursday as Twitter Inc launched its Periscope application, taking on fast-rising online rival Meerkat, which unveiled a fresh round of capital investment. The Periscope app, like Meerkat, allows anyone to stream live video to a wideFULL STORY

Britain, Norway to build longest energy connector

Britain and Norway are to build the world’s longest undersea interconnector — a method of linking up electricity and gas networks — to provide enough low-carbon energy for almost 750,000 British homes. Britain’s National Grid and Statnett, the Norwegian transmission system operator, signed the ownership agreementFULL STORY

Citigroup said to be close to selling its Japanese card unit

Citigroup Inc is in final talks to sell its Japanese credit-card unit to Sumitomo Mitsui Trust Holdings Inc for at least ¥40 billion (US$335 million), people familiar with the matter said. The US bank plans to reach a final agreement with Sumitomo Mitsui Trust Bank LtdFULL STORY

Give workers paid time off, Microsoft tells US suppliers

Microsoft Corp said on Thursday that it would push its US suppliers to give their employees paid time off — but that only applies for the staffers that do work for Microsoft. Microsoft said it has about 2,000 US suppliers, who provide services such as maintenanceFULL STORY

World Business Quick Take

JAPAN Economy in the doldrums The nation reported lackluster inflation and wages data for last month that suggest its economic recovery remains in the doldrums. The government yesterday said that core inflation was 2 percent last month, down from 2.2 percent in January. Excluding the impact ofFULL STORY

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