Water rationing set to begin
Taoyuan County and Linkou District (林口) in New Taipei City are set to face first-stage water rationing from Thursday, the Taiwan Water Corp said yesterday.
Water stored in the Shihmen Reservoir (石門水庫) in Taoyuan County was recorded at 137.25 million tonnes on Thursday, which is the lowest storage level in the past decade, the company said in a statement.
The state-owned company said that the water pressure in Taoyuan and Linkou would be reduced between 11pm and 5am, adding that the first-phase measure is expected to have little impact on household water consumption.
The company suggested households that usually require large amounts of water at night should conserve water in the daytime for use as a backup source.
Ministry inks investment letters
The Ministry of Economic Affairs has signed letters of intent with three European companies, which are expected to expand their investment in Taiwan to a total of NT$5 billion (US$161.26 million) over the next three years, the Department of Investment Services said in a statement yesterday.
The companies include French-based Suez Environment, Swissray Global in Geneva and Biodenta Corp of Switzerland. Biodenta develops dental implant systems, while Suez Environment operates largely in wastewater treatment and waste management sectors, the department said.
Sovereign bond target missed
The government yesterday sold NT$22.9 billion in Treasury bonds with a coupon rate of 2.25 percent, short of a NT$30 billion goal, according to a statement issued by the central bank.
The government has missed its target at a sovereign bond sale for the fourth time this year as the Ministry of Finance capped yields amid weak demand from insurers.
The yield on 30-year sovereign notes climbed six basis points, or 0.06 percentage points, to 2.42 percent yesterday on the GRETAI Securities Market.
Investors bid 1.29 times the amount offered at the auction, less than the 1.48 ratio at the July sale.
In addition, insurers bought 22 percent of the 30-year bonds, compared with an average of 36 percent for the 30-year debts over the past five years.
Health app to promote exercise
Taiwan Mobile Co (台灣大哥大), the nation’s second-largest telecom company, on Thursday teamed up with sports events platform Sports Bank to introduce a new mobile app billed as the first locally produced platform for saving “health assets” such as time spent exercising.
The platform seeks to integrate sporting match news and information with personal exercise data.
Its central feature is keeping track of users’ data in the form of points to compete against other users and encourage a habit of working out, Taiwan Mobile said at a launch ceremony.
In Taiwan, more than 30 percent of people work out regularly — defined as three times per week, for 30 minutes each time — and more than 700 sports events are held each year, the company said.
V Air due to begin operations
V Air (威航), TransAsia Airways Group’s (復興航空集團) new low-cost carrier, yesterday said it would launch services on Dec. 17 with an inaugural flight to Bangkok.
The budget airline plans to begin operations between Taipei and Chiang Mai in northern Thailand from Jan. 7, according to the company.
Introductory prices for a one-way trip on the maiden flight would start at NT$1,988, V Air said, adding that if more people participated in an online campaign, the price would drop.
The final price for the inaugural flight and the official flight schedule are set to be announced on Dec. 1, the carrier said.
TV panel prices continue rising
Prices of TV panels quoted for this month continued to rise, driven by strong demand from international TV brands ahead of the Thanksgiving and Christmas shopping season, WitsView — a research division at Taiwan-based market information advisory firm TrendForce Corp (集邦科技) — said in a report yesterday.
WitsView said that the price hikes in the global TV panel business also reflected strong demand this month as China celebrated Singles Day on Nov. 11.
According to WitsView, the prices of 40-inch and 48-inch TV screens quoted for this month rose US$3 from the previous month, while 50-inch panel prices increased between US$2 and US$3 from last month and 32-inch panels prices were US$1 higher.
Apple tablets out soon: telecoms
Chunghwa Telecom Co (中華電信) and Far EasTone Telecommunications Co (遠傳電信) yesterday said the new generation of Apple Inc tablets would be available for purchase soon, and Taiwan Mobile Co (台灣大哥大) said it has started accepting pre-orders for the iPad Air 2 and the iPad Mini 3, prompting speculation that the new gadgets would hit local stores early next month.
Far EasTone, which began accepting pre-orders late last month, said several thousand people have placed orders, 80 percent of which are for the iPad Air 2, it said.
The cheapest iPad Air 2 is sold at US$499 per unit, while prices for an iPad Mini 3 start at US$399, according to Apple.
Softbank Group Corp plans to keep a stake in the chip designer Arm Ltd, even if it sells a partial interest to Nvidia Corp, the Nikkei reported. The companies are negotiating terms, the newspaper reported, citing sources. Softbank might take a stake in Nvidia after it buys Arm, the report said. Nvidia and Arm might also merge through a share swap, and Softbank would become a major shareholder in the combined company, it said. The two parties aim to reach a deal in the next few weeks, the sources said, asking not to be identified because the information is private. Nvidia is the
END TO SPECULATION: The hotel’s management contract has been extended, despite reports that it wanted to end its alliance with Hyatt Hotels over a deal with Riant Capital Singapore-based Hong Leong Hotel Development Ltd (豐隆大飯店股份) yesterday said it has extended a management contract to ensure the continued presence of the Grand Hyatt brand in Taipei, ending rumors that the two sides were parting ways. “We are pleased Hyatt is able to come to terms on the extension of the management contract of Grand Hyatt Taipei,” said Kwek Leng Beng (郭令明), executive chairman of City Developments Ltd (城市發展) and Millennium & Copthorne Hotels Ltd (千禧國敦酒店). Hong Leong Hotel Development is a subsidiary of Millennium, and both fall under the Hong Leong Group (豐隆集團). The Grand Hyatt Taipei (台北君悅大飯店), owned and built by
Gold surged to a fresh record on Friday, fueled by US dollar weakness and low interest rates, while silver headed for its best month since 1979. Spot bullion is up more than 10 percent this month, as US real yields lingered near record lows. While the ferocity of rallies in gold and silver cooled in the middle of the week, most market watchers predict there might be more gains ahead. Both metals have added about 30 percent this year, with gold and silver exchange-traded funds boosting holdings to a record, as concern about the fallout from the COVID-19 pandemic fuels demand for
MOVING FROM CHINA? The article did not name the company, but Foxconn, Wistron and Pegatron were among firms chosen for a production-linked incentive plan in India An Apple Inc vendor is looking at shifting six production lines to India from China, which could result in US$5 billion of iPhone exports from the South Asian nation, the Times of India reported, citing people familiar with the matter who it did not identify. The establishment of the facility would create about 55,000 jobs over about a year, the newspaper reported, not naming the Apple vendor. It would also cater to the domestic market and expand operations to include tablets and laptops, the newspaper reported. Samsung Electronics Co and Apple’s assembly partners are among 22 companies that have pledged 110 billion