■ Retailing
Direct selling green-lighted
China is preparing to lift its ban on direct selling and plans to issue a draft regulation by September, state press reported yes-terday. "Illegal pyramid selling will face a serious crackdown while legitimate direct selling companies from home and abroad will receive encouragement and support from the Chinese government," said Deng Zhan, deputy director-general of the Ministry of Commerce's Foreign Investment Administration. China imposed a ban on direct sales in 1998 after numerous fraud scandals. Ten foreign-funded direct selling companies such as Amway and Avon were allowed to continue opera-ting but had to shift promo-tion of their products to retail outlets, the China Daily said. The stop-gap measures are set to come at the end of this year, in line with promises China made on its accession to the WTO.
Richard Holwill, vice-president of Alticor Inc, Amway's parent company, was quoted by the news-paper as saying the deregu-lation followed China's commitments to the WTO.
■ Cameras
Digital sales to soar
Worldwide unit shipments of digital cameras will exceed 100 million units in 2008, from an expected 68.6 million units this year, mar-ket researcher IDC said. Global shipments of digital single-lens reflex cameras, or models favored by pro-fessionals, will be 2.1 million units this year and reach 6.6 million units in 2008 as digital SLRs replace film-based SLRs, Christo-pher Chute, senior analyst at IDC, said. Shipments of digital SLRs will be driven by sub-US$1,000 price points, legacy users of Nikon Corp and Canon Inc models, and new users interested in developing photography as a hobby, Chute said.
■ Telecoms
NTT DoCoMo gets new boss
NTT DoCoMo Inc named executive vice president Masao Nakamura as its next chief executive officer, replacing Keiji Tachikawa. Nakamura, 59, will be charged with reversing market-share losses at the world's second-largest mobile-phone operator, said Norio Wada, president of DoCoMo parent Nippon Telegraph & Telephone Corp. at a press conference in Tokyo. Nakamura takes the reins at DoCoMo as the market leader is losing ground to rival KDDI Corp's phone network and is predicting sales to decline in the business year ending March 31. Under Tachi-kawa, DoCoMo pioneered
i-mode, the world's first wireless Internet service, and FOMA, the first so-called third-generation network for faster access to games, music and video on a handset.
■ Automakers
Mitsubishi barred
Japan's National Police Agency has barred Mitsu-bishi Motors Corp and its truck affiliate from bidding for police orders for 11 months following allega-tions that company officials covered up defects which caused the wheels to come off, a news report said yesterday. The measure, which took effect on Thursday, prevents Mitsu-bishi Motors and Mitsubishi Fuso Truck & Bus Corp from selling vehicles to the agency, Kyodo News agency said. The decision comes after seven former Mitsu-bishi executives were arrested earlier this month on suspicion they falsified a report on an accident in 2002 in which a wheel flew off a truck and killed a woman. Japan's Transport Ministry has also taken a similar step.
‘UNFRIENDLY’: Changing the nationality listing of Taiwanese residents to ‘China’ goes against EU foreign policy as well as democratic and human rights principles, MOFA said Taiwan yesterday called on Denmark to correct its designation of the nationality of Taiwanese residents as “China” or face retaliatory measures. The Danish government in 2024 changed the nationality of Taiwanese citizens on their residence permits from “Taiwan” to “China.” The decision goes against EU foreign policy and contravenes democratic and human rights principles, Ministry of Foreign Affairs (MOFA) spokesman Hsiao Kuang-wei (蕭光偉) said. Denmark should present a solution acceptable to Taiwan as soon as possible and correct the erroneous designation to preserve the longstanding friendship between the two nations, Hsiao said. The issue could damage Denmark’s image and business reputation in Taiwan,
Taiwan climbed to its highest position in global export rankings in more than three decades last year, buoyed by demand linked to artificial intelligence (AI) that lifted shipments of semiconductors and technology products, Ministry of Finance data released yesterday showed. Taiwan accounted for 2.4 percent of global exports last year, or about US$640 billion, ranking 12th worldwide, the data showed. That was up four places from a year earlier and marked the nation’s best ranking since 1994, the ministry said. Taiwan’s share of global exports rose by 0.5 percentage points from the previous year, the largest increase among major economies, reflecting the nation’s
The nation’s fastest supercomputer, Nano 4 (晶創26), is scheduled to be launched in the third quarter, and would be used to train large language models in finance and national defense sectors, the National Center for High-Performance Computing (NCHC) said. The supercomputer, which would operate at about 86.05 petaflops, is being tested at a new cloud computing center in the Southern Taiwan Science Park in Tainan. The exterior of the server cabinet features chip circuitry patterns overlaid with a map of Taiwan, highlighting the nation’s central position in the semiconductor industry. The center also houses Taiwania 2, Taiwania 3, Forerunner 1 and
FIRST TRIAL: Ko’s lawyers sought reduced bail and other concessions, as did other defendants, but the bail judge denied their requests, citing the severity of the sentences Former Taipei mayor Ko Wen-je (柯文哲) was yesterday sentenced to 17 years in prison and had his civil rights suspended for six years over corruption, embezzlement and other charges. Taipei prosecutors in December last year asked the Taipei District Court for a combined 28-year, six-month sentence for the four cases against Ko, who founded the Taiwan People’s Party (TPP). The cases were linked to the Core Pacific City (京華城購物中心) redevelopment project and the mismanagement of political donations. Other defendants convicted on separate charges included Chinese Nationalist Party (KMT) Taipei City Councilor Angela Ying (應曉薇), who was handed a 15-year, six-month sentence; Core Pacific
RSS