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Yilan to tax underutilized industrial lots

By Crystal Hsu

The Yilan County Government has fired the first shot by imposing land taxes of up to five times the norm on underutilized lots in the county’s industrial parks to support the Cabinet’s effort to ease the land shortage for industrial properties. Acting Yilan County Commissioner DerekFULL STORY

Global recovery boosts Q3 manufacturing 6.43%

By Kuo Chia-erh

The nation’s manufacturing production value grew 6.43 percent year-on-year to NT$3.32 trillion (US$110.3 billion) last quarter, the highest in two years, amid a stable global economic recovery, the Ministry of Economic Affairs said yesterday. On a quarterly basis, production value increased 4.74 percent from NT$3.17 billion,FULL STORY

Lenovo should resist further M&A

By Tim Culpan

Two ugly acquisitions do not seem to have sated Lenovo Group Inc’s (聯想) appetite. Now the Chinese company is considering purchasing the PC business of Toshiba Corp, pitting itself against Taiwan’s Asustek Computer Inc (華碩), Japanese business daily Nikkei said. According to the newspaper, the Japanese companyFULL STORY

Kindom, Kedge shares hold firm after death of founder

By Crystal Hsu

Shares in Kindom Construction Corp (冠德建設) and affiliated Kedge Construction Co (根基營造) yesterday held stable as the two companies said the death of their founder and former chairman Timothy Ma (馬玉山) would not affect their operations. Ma on Thursday passed away in the hospital. He wasFULL STORY

Won’s surge has Taiwan analysts comparing central banks

There is always competitive tension between Asia’s export giants — and at the moment, it is the won’s surge that has people talking. Analysts at Yuanta Securities Co (元大證券) in Taipei concluded that policymakers in Seoul have lost their grip on the South Korean currency, accordingFULL STORY

Formosa Chemicals and Fibre to appeal county fine

By Kuo Chia-erh

Formosa Chemicals & Fibre Corp (台塑化纖) yesterday said it plans to file an administrative appeal for a fine of NT$1.24 billion (US$41.19 million) from the Changhua County Government over environmental disputes in relation to emissions from its cogeneration system. Operations at the company’s Changhua plant didFULL STORY

Trump tax bill adopted by US House

House Republicans on Thursday delivered a first-step victory to US President Donald Trump by passing a landmark tax overhaul, but the debate now shifts to the Senate, where a narrower path to success awaits. Trump had rallied his party foot soldiers barely an hour earlier inFULL STORY

Fox’s film and TV assets said to interest buyers

Comcast Corp and Verizon Communications Inc have looked into acquiring a big portion of 21st Century Fox Inc, swooping in after talks to sell film and television assets to Walt Disney Co cooled, people familiar with the matter said. Comcast, the owner of TV networks suchFULL STORY

Airbnb to offer rentals for disabled

Airbnb Inc on Thursday said it acquired London start-up Accomable to expand home-renting opportunities for people with disabilities, the latest expansion as Airbnb grows its global travel business. The deal includes adding to the Airbnb Web site Accomable’s roughly 1,100 house and apartment listings that canFULL STORY

Tesla unveils electric big-rig truck amid Model 3 ‘hell’

Tesla Inc on Thursday unveiled a prototype electric big-rig truck, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company’s future depends. Chief executive Elon Musk unveiled the big rig, dubbed the Tesla Semi, by ridingFULL STORY

Saudi Arabia says OPEC meeting should extend cuts

Saudi Arabia’s energy minister said the Organization of Petroleum Exporting Countries (OPEC) and its allies should announce an extension of their output curbs when they gather at the end of this month. OPEC is unlikely to reduce excess oil inventories to average levels by the timeFULL STORY

World Business Quick Take

GAMBLING Tabcorp-Tatts merger okayed A merger between Australian gambling giants Tabcorp Holdings Ltd and Tatts Group Ltd is back on track after the Australian Competition Tribunal (ACT) yesterday approved the A$8.6 billion (US$6.5 billion) deal. Tabcorp and Tatts first announced the deal in October last year toFULL STORY

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