General Electric Capital Corp, a finance arm of General Electric Co, yesterday finished the first leg of its Asian road show in Taipei, vowing to reinforce its investor focus in the Asia-Pacific region.
Asian investors bought US$650 million, or 5 percent, of US$12.9 billion in bonds and commercial paper GE Capital issued last year.
Lauding Taiwan's efforts in liberalizing its financial markets, the US company said it planned to issue up to US$60 billion-worth of global depositary receipts (GDR) this year, 10 percent of which will be reserved for the Asia-Pacific region, Aris Kekedjian, managing director of GE Capital's newly established fixed-income investor relations, told reporters on Monday.
Kekedjian, along with his assistant treasurer Kathleen Yoh, visited the central bank and several investment banks after the Monday road show in Taipei, expressing their interest and commitment to reinforcing investor relations here.
GE Capital is one of the companies that came to Taiwan to soak up some of the non-performing loans (NPL) that were plaguing the banking system, buying NT$56.5 billion of bad loans from the state-controlled First Commercial Bank (
The government has pressured domestic lenders to accelerate write-offs of troubled loans that have accumulated over the past five decades.
In 2002, President Chen Shui-bian (
Following GE Capital's experience in the non-performing loan market, Kekedjian said during the road show that the company didn't rule out the possibility of issuing New Taiwan dollar-denominated bonds. But this would be a long-term plan, he added, without elaborating.
After winding up his Taipei trip yesterday, Kekedjian is scheduled to proceed with his Asian road show in Seoul and Tokyo.
AI REVOLUTION: The event is to take place from Wednesday to Friday at the Taipei Nangang Exhibition Center’s halls 1 and 2 and would feature more than 1,100 exhibitors Semicon Taiwan, an annual international semiconductor exhibition, would bring leaders from the world’s top technology firms to Taipei this year, the event organizer said. The CEO Summit is to feature nine global leaders from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), ASE Technology Holding Co (ASE, 日月光投控), Applied Materials Inc, Google, Samsung Electronics Co, SK Hynix Inc, Microsoft Corp, Interuniversity Microelectronic Centre and Marvell Technology Group Ltd, SEMI said in a news release last week. The top executives would delve into how semiconductors are positioned as the driving force behind global technological innovation amid the artificial intelligence (AI) revolution, the organizer said. Among them,
Demand for artificial intelligence (AI) chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said, dismissing concerns that investors had misjudged the pace and extent of spending on AI. While the global chip market has grown about 8 percent annually over the past 20 years, AI semiconductors should grow at a much higher rate going forward, Scientech Corp (辛耘) chief executive officer Hsu Ming-chi (許明琪) told Bloomberg Television. “This booming of the AI industry has just begun,” Hsu said. “For the most prominent
Former Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman Mark Liu (劉德音) yesterday warned against the tendency to label stakeholders as either “pro-China” or “pro-US,” calling such rigid thinking a “trap” that could impede policy discussions. Liu, an adviser to the Cabinet’s Economic Development Committee, made the comments in his keynote speech at the committee’s first advisers’ meeting. Speaking in front of Premier Cho Jung-tai (卓榮泰), National Development Council (NDC) Minister Paul Liu (劉鏡清) and other officials, Liu urged the public to be wary of falling into the “trap” of categorizing people involved in discussions into either the “pro-China” or “pro-US” camp. Liu,
Minister of Economic Affairs J.W. Kuo (郭智輝) yesterday said Taiwan’s government plans to set up a business service company in Kyushu, Japan, to help Taiwanese companies operating there. “The company will follow the one-stop service model similar to the science parks we have in Taiwan,” Kuo said. “As each prefecture is providing different conditions, we will establish a new company providing services and helping Taiwanese companies swiftly settle in Japan.” Kuo did not specify the exact location of the planned company but said it would not be in Kumamoto, the Kyushu prefecture in which Taiwan Semiconductor Manufacturing Company (TSMC, 台積電) has a
RSS