Uni-President Enterprises Corp (
"We can coordinate in securing supplies of raw materials," Selina Wu (吳旭慧), Uni-President's public relations director, said by telephone from Taipei yesterday.
``We may also cooperate on expanding in overseas market," Wu said.
Uni-President and Wei Lih have a combined 70 percent share of Taiwan's NT$9 billion-a-year instant noodle market, Wu said.
Uni-President has bought stakes in other companies and agreed to sponsor the Beijing 2008 Olympic Games, as it seeks to enter new markets and expand overseas.
Uni-President has sold the NT$642 million in Wei Lih debt it bought in 2005 to an asset management company, Wu said today, without elaborating.
The Wei Lih stake follows Uni-President's acquisition of 20 percent of Tait Market & Distribution Co (
Uni-President will be the sole supplier of instant noodles to competitors and staff at the 2008 Olympics, the games organizing committee said on Sept. 13.
It was the first Taiwanese company to be picked as a sponsor of the games. Financial terms weren't disclosed.
Shares of Uni-President was unchanged at NT$22.80 on the Taiwan Stock Exchange yesterday after gaining as much as 0.2 percent.
With an approval rating of just two percent, Peruvian President Dina Boluarte might be the world’s most unpopular leader, according to pollsters. Protests greeted her rise to power 29 months ago, and have marked her entire term — joined by assorted scandals, investigations, controversies and a surge in gang violence. The 63-year-old is the target of a dozen probes, including for her alleged failure to declare gifts of luxury jewels and watches, a scandal inevitably dubbed “Rolexgate.” She is also under the microscope for a two-week undeclared absence for nose surgery — which she insists was medical, not cosmetic — and is
CAUTIOUS RECOVERY: While the manufacturing sector returned to growth amid the US-China trade truce, firms remain wary as uncertainty clouds the outlook, the CIER said The local manufacturing sector returned to expansion last month, as the official purchasing managers’ index (PMI) rose 2.1 points to 51.0, driven by a temporary easing in US-China trade tensions, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The PMI gauges the health of the manufacturing industry, with readings above 50 indicating expansion and those below 50 signaling contraction. “Firms are not as pessimistic as they were in April, but they remain far from optimistic,” CIER president Lien Hsien-ming (連賢明) said at a news conference. The full impact of US tariff decisions is unlikely to become clear until later this month
GROWING CONCERN: Some senior Trump administration officials opposed the UAE expansion over fears that another TSMC project could jeopardize its US investment Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is evaluating building an advanced production facility in the United Arab Emirates (UAE) and has discussed the possibility with officials in US President Donald Trump’s administration, people familiar with the matter said, in a potentially major bet on the Middle East that would only come to fruition with Washington’s approval. The company has had multiple meetings in the past few months with US Special Envoy to the Middle East Steve Witkoff and officials from MGX, an influential investment vehicle overseen by the UAE president’s brother, the people said. The conversations are a continuation of talks that
Nintendo Co hopes to match the runaway success of the Switch when its leveled-up new console hits shelves on Thursday, with strong early sales expected despite the gadget’s high price. Featuring a bigger screen and more processing power, the Switch 2 is an upgrade to its predecessor, which has sold 152 million units since launching in 2017 — making it the third-best-selling video game console of all time. However, despite buzz among fans and robust demand for pre-orders, headwinds for Nintendo include uncertainty over US trade tariffs and whether enough people are willing to shell out. The Switch 2 “is priced relatively high”
RSS