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Solar PV market to grow 7.7%: report

By Lisa Wang

The global solar photovoltaic (PV) market is likely to grow 7.7 percent to a record high again this year, supported by new government incentives and lower solar prices, market researcher TrendForce Corp (集邦科技) said yesterday. Overall, new grid-connected PV capacity is to climb to 133 gigawattsFULL STORY

Citibank upbeat on business in Taiwan this year

By Kao Shih-ching

Citibank Taiwan Ltd (台灣花旗) yesterday gave an optimistic outlook on its consumer and corporate banking business this year despite an uncertain global economic climate, as more firms in Taiwan would seek to survive seasonal corrections through mergers and acquisitions (M&A). The world’s two largest economies —FULL STORY

Lotus says subsidiary unaffected by probe

By Ted Chen

Generic drug maker Lotus Pharmaceuticals Co (美時化學製藥) yesterday said it has made non-material adjustments to its financial statements for 2016 and 2017 after South Korean regulators found minor accounting errors at its subsidiary there. The subsidiary, Alvogen Korea Co Ltd, was included in an industry-wideFULL STORY

CSBC seeks to lift business via dock upgrade

By Ted Chen

CSBC Corp Taiwan (台船) yesterday said it has completed a NT$120 million (US$3.89 million) project to upgrade one of its docks with improved weight-bearing capabilities to tap into opportunities from the emerging offshore wind energy industry and military contracts. At the Port of Kaohsiung, the weight-bearingFULL STORY

Yungtay receives notice of Hitachi’s public tender offer

By Lisa Wang

Elevator manufacturer Yungtay Engineering Co (永大電機) yesterday said it has received notification from Hitachi Ltd of a tender offer of up to NT$21.66 billion (US$702.5 million) to fully acquire its shares over the next month and a half. Yungtay, which sells and distributes Hitachi elevators,FULL STORY

E.Sun plans to hire more consultants

By Kao Shih-ching

After outperforming its peers with 6 percent growth in wealth management revenue last year, E.Sun Financial Holding Co plans to hire more financial consultants this year to keep up with an expanded customer base. Taiwanese clients remained interested in wealth management in spite of the globalFULL STORY

Furloughed workers decline

The number of workers on unpaid leave in the nation fell sharply from the end of last month after a major automaker shelved its unpaid leave program, the Ministry of Labor said yesterday. While the ministry did not identify the automaker, local media have reported thatFULL STORY

Vietnam’s Bamboo airline takes flight

Vietnam’s newest commercial carrier, Bamboo Airways, yesterday took flight, officially entering Southeast Asia’s crowded aviation sector where it faces stiff competition from established players. Air travel in the region has boomed in the past few years as appetites — and budgets — for travel have soaredFULL STORY

Contactless transactions soar: Visa

By Crystal Hsu

Contactless transactions have gained popularity in the nation — accounting for 55 percent of total face-to-face payments last year — as other forms of digital payments are adopted, such as QR codes, a survey released by Visa Inc showed. Local consumers performed contactless payments via cards,FULL STORY

China and Japan to extend overseas M&A push this year

Companies in China and Japan are to continue their pursuit of overseas mergers and acquisitions (M&As) this year amid the economic growth slowdown and geopolitical uncertainty, according to JPMorgan Chase & Co. The ready availability of capital would enable Chinese buyers to have strong purchasing power,FULL STORY

Japan welcomes a record 31 million foreign tourists

Japan last year welcomed a record 31 million foreign visitors, official government data showed yesterday, as the country gears up to host this year’s Rugby World Cup and the 2020 Tokyo Olympic Games. The world’s third-largest economy — also known for its ancient temples and vibrantFULL STORY

Delta sees tepid profit due to shutdown

Delta Air Lines Inc expects to lose US$25 million in revenue this month from the partial US government shutdown that is also creating checkpoint delays and long lines at the airline’s Atlanta, Georgia, hub. Delta’s revenue is more than US$3 billion a month, so the setbackFULL STORY

Italian banks face funding crunch without ECB help

Many Italian banks are struggling to borrow on the private markets and want European Central Bank (ECB) help as they seek more than 55 billion euros (US$63 billion) in funding this year. Even after removing the threat of major collapses by bailing out some of itsFULL STORY

Google Maps scaring away tourists: Aussie businesses

Tourism operators in Australia’s vast outback said that wild inaccuracies in Google Maps are making remote hot spots appear out of reach, deterring people from visiting the region. A number of businesses promoting their small towns as remote tourist destinations in the northeastern state of QueenslandFULL STORY

Cracks start to show for banks in the UAE with bad loans on the horizon

Lenders in the United Arab Emirates (UAE) are to come under pressure this year as a property and retail slump take its toll. One of the nation’s smallest banks is being bailed out, problem loans are expected to rise this year and lenders are exploring mergersFULL STORY

Disney aims to sell sports networks by late February

Walt Disney Co is aiming to reach agreements for the sale of the 22 regional sports networks it is acquiring from 21st Century Fox Inc by the end of next month, people familiar with the sale process said. Disney fielded the first round of bids inFULL STORY

Netflix to raise US prices for the first time since 2017

Netflix Inc is to raise its US prices for the first time since 2017, a move designed to alleviate a large, debt-fueled US$13 billion investment in new films, series and documentaries this year — as well-funded competitors emerge in the content streaming business. The subscription priceFULL STORY

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