■ Petroleum
Blast shuts naphtha cracker
Chinese Petroleum Corp (CPC, 中油) shut down its No. 3 naphtha cracker after a leak from a methanator reactor caused an explosion during an attempt to restart the plant, an official said yesterday. Damage caused by the explosion late on Friday at the 230,000-tonne-per-year plant will likely take about month to repair, the official said, although newspapers reported the plant could be out of action for longer. "It happened as we were restarting the plant. The input valve for the reactor broke off and hydrogen leaked out," an official said. "We are still evaluating, but it should be back on line within about a month," he said. The cracker, located in Kaohsiung, had been brought off-line at the end of May because of weak profit margins and reduced buying from local customers. No one was injured in the explosion, the official said.
■ Mobile phones
Singaporeans addicted
Singaporeans have become so addicted to their cellphones that 60 percent of those queried even use them while sitting on the toilet, a survey revealed last Sunday. The Sunday Times poll on cellphone usage and habits found users would rather lose their purse or identity card than their cellphone. The 150 people queried between 14 and 40 affirmed that the gadget has, in less than 10 years, become an integral part of their lives. Six out of 10 told the newspaper they continue talking even when nature calls although the person on the other end can hear the flushing and other awkward noises. "What's the big deal? It's not as if the other party can smell your stink," businesswoman Wileen Chang, 35, was quoted as saying. Fifty-six percent of the young use their phones to flirt, sending SMS messages to those they fancy. Eighteen percent find it expedient for breaking up.
■ File-sharing
Swedish ban takes effect
Unless Swedes suddenly have changed their habits, about one in 10 became a criminal overnight on Friday when a ban on downloading copyrighted material from the Internet took effect. High-tech savvy Swedes are among the world's most prolific file-sharers of movies, music and games. Authorities say the new law -- which follows an EU directive -- is part of an effort to crack down on Internet piracy. But many industry experts say the normally law-abiding Swedes have grown so lax about copyright infringement that any regulation is likely to be useless. Industry groups estimate that about 10 percent of Sweden's 9 million residents freely swap music, games and movies on their computers, making the Scandinavian country one of the world's biggest copyright violators.
■ Automakers
Yulon-GM aims for top five
Yulon-GM Motor Co (裕隆通用) aims to be among Taiwan's top five auto sellers by 2009, and the venture will introduce four to five new Buick cars in Taiwan in the next four years, chairman Kenneth Yan (嚴凱泰) said on Friday at Yulon-GM's formation ceremony. The first Buick model will be rolled out in the second half of next year. General Motors Corp and Yulon Motor Co said on Jan. 10 that they will invest NT$2 billion (US$63 million) to form a venture to assemble Buick sedans in Taiwan. Detroit-based General Motors, the world's largest automaker, owns 49 percent of the venture. Yulon Motor, the nation's second-biggest carmaker, owns the remaining 51 percent, companies said on Jan 10.
Real estate agent and property developer JSL Construction & Development Co (愛山林) led the average compensation rankings among companies listed on the Taiwan Stock Exchange (TWSE) last year, while contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) finished 14th. JSL Construction paid its employees total average compensation of NT$4.78 million (US$159,701), down 13.5 percent from a year earlier, but still ahead of the most profitable listed tech giants, including TSMC, TWSE data showed. Last year, the average compensation (which includes salary, overtime, bonuses and allowances) paid by TSMC rose 21.6 percent to reach about NT$3.33 million, lifting its ranking by 10 notches
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
SEASONAL WEAKNESS: The combined revenue of the top 10 foundries fell 5.4%, but rush orders and China’s subsidies partially offset slowing demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) further solidified its dominance in the global wafer foundry business in the first quarter of this year, remaining far ahead of its closest rival, Samsung Electronics Co, TrendForce Corp (集邦科技) said yesterday. TSMC posted US$25.52 billion in sales in the January-to-March period, down 5 percent from the previous quarter, but its market share rose from 67.1 percent the previous quarter to 67.6 percent, TrendForce said in a report. While smartphone-related wafer shipments declined in the first quarter due to seasonal factors, solid demand for artificial intelligence (AI) and high-performance computing (HPC) devices and urgent TV-related orders
MINERAL DIPLOMACY: The Chinese commerce ministry said it approved applications for the export of rare earths in a move that could help ease US-China trade tensions Chinese Vice Premier He Lifeng (何立峰) is today to meet a US delegation for talks in the UK, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two powers. He is to visit the UK from yesterday to Friday at the invitation of the British government, the Chinese Ministry of Foreign Affairs said in a statement. He and US representatives are to cochair the first meeting of the US-China economic and trade consultation mechanism, it said. US President Donald Trump on Friday announced that a new round of trade talks with China would start in London beginning today,