Richard Li (
Li, son of Hong Kong billionaire Li Ka-shing (李嘉誠), who owns real estate developer Cheung Kong (Holdings) Ltd (長江實業), and his entourage were expected to receive a warm welcome from Taichung Mayor Jason Hu (胡志強) at an evening party, the Chinese-language Economic Daily News reported.
Richard Li is expected to spend three days in Taiwan to investigate Taichung's property market, a report in the Commercial Times business daily said.
On average, prices of Taichung properties amount to only one-fifth to one-fourth of property prices in Taipei, although the launch of the high-speed railway has boosted prices of pre-sale housing units in Taichung by NT$400,000 (US$12,121) per ping (3.3m2), the report said.
Last year, Richard Li's decision to sell a controlling stake in PCCW attracted great interest from foreign companies while at the same time sparking political concerns from China, as Beijing objected to allowing the Hong Kong telecoms giant coming under foreign ownership. The share-sale plan was blocked by shareholders in December.
At last night's reception, Richard Li was to meet Ho Ming-shiann (何明憲), chairman and founder of China Metal Products Group (勤美集團), Lai Cheng-i (賴正鎰), chairman of Shining Group (鄉林集團), King Liu (劉金標), chairman of Giant Manufacturing Co (巨大機械), and Wang Chung-cheng (王忠正), chairman of the Taichung Real Estate Development Association, to pursue potential business strategies and market opportunities, the Commercial Times reported.
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.” Millions holiday in Greece every year, but its vital tourism industry is finding it harder and harder to recruit Greeks to look after them. “I was asked to work in any department of the hotel where there was a need, from service to cleaning,” said Katerina, a tourism and marketing student, who would
i Gasoline 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 consecutive week due to an escalating conflict between Israel and Iran, as the market is concerned that the situation in the Middle East might affect crude oil supply, CPC and Formosa said in separate statements. Front-month Brent crude oil futures — the international oil benchmark — rose 3.75 percent to settle at US$77.01
Merida Industry Co (美利達) has seen signs of recovery in the US and European markets this year, as customers are gradually depleting their inventories, the bicycle maker told shareholders yesterday. Given robust growth in new orders at its Taiwanese factory, coupled with its subsidiaries’ improving performance, Merida said it remains confident about the bicycle market’s prospects and expects steady growth in its core business this year. CAUTION ON CHINA However, the company must handle the Chinese market with great caution, as sales of road bikes there have declined significantly, affecting its revenue and profitability, Merida said in a statement, adding that it would
UNCERTAINTIES: The world’s biggest chip packager and tester is closely monitoring the US’ tariff policy before making any capacity adjustments, a company official said ASE Technology Holding Inc (日月光投控), the world’s biggest chip packager and tester, yesterday said it is cautiously evaluating new advanced packaging capacity expansion in the US in response to customers’ requests amid uncertainties about the US’ tariff policy. Compared with its semiconductor peers, ASE has been relatively prudent about building new capacity in the US. However, the company is adjusting its global manufacturing footprint expansion after US President Donald Trump announced “reciprocal” tariffs in April, and new import duties targeting semiconductors and other items that are vital to national security. ASE subsidiary Siliconware Precision Industries Co (SPIL, 矽品精密) is participating in Nvidia
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