NEW BEGINNING: The merger would be named TS Financial Holding Co and would become Taiwan’s fourth-largest financial holding company by total assets
The merger of Taishin Financial Holding Co (台新金控) and Shin Kong Financial Holding Co (新光金控) is set to be finalized on July 24, Taishin Financial Chairman Thomas Wu (吳東亮) said yesterday.Speaking at the company’s annual general meeting in Taipei, Wu said that the merged entity would be named TS Financ
Weblink International Inc (展碁國際), a distributor of a power bank model recalled last week by Chinese manufacturer Anker Innovations Co (安克創新), yesterday said that it has contacted all of its retailers to remove the product from sale.Weblink distributes Anker’s A1257 model, one of the seven models rec
Pre-sales for Premier12 Championship commemorative coins, set to be physically distributed in November, began yesterday and would run until Wednesday next week, the central bank said.A total of 36,000 coins, priced at NT$1,600 each, would be released to celebrate Taiwan’s victory in last year’s Worl
Shares in Taiwan took a hit yesterday as investor sentiment was spooked by the US bombing of three nuclear sites in Iran over the weekend, raising concerns about escalating political tensions in the Middle East.The TAIEX closed down 313.72 points, or 1.42 percent, at 21,732.02, with foreign institut
Artificial intelligence (AI) firm DeepSeek (深度求索) is aiding China’s military and intelligence operations, a senior US official told Reuters, adding that the Chinese tech start-up sought to use Southeast Asian shell companies to access high-end semiconductors that cannot be shipped to China under US
Angelo J.Y. Koo, chairman of China Development Foundation, has been upholding the philosophy that "education is the best investment" to fulfill KGI Financial Holding Co’s corporate social responsibility. In recent years, the foundation has launched several scholarship and educational resource progra
Oil prices would increase, affecting the consumer price index (CPI), if the Strait of Hormuz is closed, even though less than 20 percent of Taiwan’s oil and gas imports pass through the strait, Minister of Economic Affairs J.W. Kuo (郭智輝) said today.Iran has threatened to close the strait in retaliat
‘FRAGILE MOMENT’: With rising geopolitical risks and a potential escalation in the US’ tariffs, prolonged conflict in the Middle East would likely be felt via surging oil prices
US strikes on Iran’s three main nuclear facilities come at a fragile moment for the global economy, and the outlook now hinges on how forcefully the Islamic Republic retaliates.The World Bank, the Organisation for Economic Co-operation and Development, and the IMF have all downgraded their global gr
DOUBLE-EDGED SWORD: The increase leads to foreign exchange losses for exporters, but lowers costs for companies that need to buy materials abroad, the central bank said
Improving the competitive edge of Taiwanese exporters in the global market has offset the adverse impact of a stronger New Taiwan dollar against the US dollar, the central bank said in a report on Thursday.Many Taiwanese firms, particularly in the semiconductor industry, have invested significantly
iGasoline and diesel prices at fuel stations are this week to rise NT$0.1 per liter, as tensions in the Middle East pushed crude oil prices higher last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday.International crude oil prices last week rose for the third conse
Taiwanese companies that build clean room systems are seeing a surge in orders, as global semiconductor makers, including Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), ramp up production abroad.Clean rooms are an essential part of chip production, and are designed to eliminate dust, airborne pa
Chicony Electronics Co (群光電子) said on Saturday that it did not import power bank models from Anker Innovations Co (安克創新) that were voluntarily recalled by the Chinese manufacturer due to fire hazard concerns.Chicony, one of Anker’s two agents in Taiwan, said that it did not import any of the seven r
South Korea’s top trade negotiator yesterday said he would raise concerns about potential US restrictions on chipmakers in China when he meets US officials in Washington this week for the third round of technical discussions in tariff talks.“I will pass on the concerns among those in the industry an
A King Boat built by Donglong Temple is escorted by a group of sedan chair carriers in a procession in Pingtung County’s Donggang Township yesterday. The boat, made of Taiwan cypress, is on display at the Pingtung King Boat Museum for two years to showcase the exquisite craftsmanship and local “Wang
Sitting in his spacious office with a view of the Black Sea, Tayfun Denizer smiles: His rainbow trout, raised in submerged cages, have made him a wealthy man. “Our exports surged from US$500,000 in 2017 to US$86 million last year, and this is just the beginning,” said Denizer, general manager of Pol
As they zigzagged from one machine to another in the searing African sun, the workers were covered in black soot. However, the charcoal they were making is known as “green,” and backers hope it can save impoverished Chad from rampant deforestation. Chad, a vast, landlocked country of 19 million peop
Greek tourism student Katerina quit within a month of starting work at a five-star hotel in Halkidiki, one of the country’s top destinations, because she said conditions were so dire. Beyond the bad pay, the 22-year-old said that her working and living conditions were “miserable and unacceptable.” M
DEMAND FOR AI: Export orders in the first half of this year could reach US$318.8 billion, the second-highest level on record for the same period, an official said
Export orders expanded 18.5 percent year-on-year last month to US$57.93 billion, driven by robust demand for artificial intelligence (AI)-related applications such as servers and emerging technologies, the Ministry of Economic Affairs said yesterday.Last month’s export orders exceeded the ministry’s
NO INTEREST? A person familiar with the Taiwanese chipmaker’s thinking said that the Softbank project would have no bearing on TSMC’s plans in Arizona
Softbank Group Corp founder Masayoshi Son is seeking to team up with Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to realize what could be his biggest bet yet — a trillion-dollar industrial complex in Arizona to build artificial intelligence (AI)-powered robots.Son envisions a version of the va
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