The American Chamber of Commerce in Taipei (AmCham) yesterday said that it would, effective today, start using a new name, the American Chamber of Commerce in Taiwan.
“The name change reflects the reality of both the chamber’s activities and its membership, most of whom operate throughout Taiwan,” AmCham said in a statement.
The change also reflects the chamber’s scope of work, as its annual Taiwan White Paper and most of its interactions with government entities occur at the central government level, it said.
Photo: CNA
The old name always caused confusion “during our door-knocks to Washington where some were not aware that we represent American firms throughout Taiwan, not just in Taipei,” the chamber said.
AmCham also said that despite difficulties due to the COVID-19 pandemic, it would continue to be an essential bridge between the US and Taiwan.
As this year marks AmCham’s 70th anniversary in Taiwan, the chamber said it would continue to build on Taiwan’s stability and economic prosperity by working with its members, as well as the governments of the US and Taiwan.
AmCham is a non-profit, non-partisan business organization dedicated to promoting the interests of international business in Taiwan.
It has about 1,000 members from more than 500 companies and 25 committees representing various industry interests and businesses operating in Taiwan.
Alphabet Inc’s Google on Tuesday announced plans to buy a New York office building for US$2.1 billion, confirming its push into the US’ largest city despite the COVID-19 teleworking trend. This is the largest real-estate purchase in the US for an office building since the beginning of the global spread of COVID-19, the Wall Street Journal quoted Real Capital Analytics as saying. Google already rents the premises in Manhattan, which are located on the site of a former railroad terminal in the Hudson Square neighborhood. The Silicon Valley giant envisions a campus with a total surface area of 160,000m2 by mid-2023
Cash-strapped developer China Evergrande Group (恆大集團) has begun repaying investors in its wealth management products with real estate, said Hengda Real Estate Group Co Ltd (恆大地產), its main unit. Evergrande, with more than US$300 billion in liabilities, is in the throes of a liquidity crisis that has left it racing to raise funds to pay its many lenders and suppliers. It has a bond interest payment of US$83.5 million due on Thursday. The company said on WeChat on Saturday that investors interested in redeeming wealth management products for physical assets should contact their investment consultants or visit local offices. Financial news outlet Caixin on
‘CORE VALUES’: The contract chipmaker did not specify why the employees were dismissed, but media reports said they had leaked information about customer orders Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has fired seven of its employees for violating the company’s “core values,” the world’s largest contract chipmaker said yesterday. While the company did not disclose exactly why it fired the seven employees, local media reports earlier in the day said that the employees had leaked confidential information about customer orders. In a statement, the company said that it fired the seven at once, adding that it released an internal notice last week to inform the entire company of the move ahead of the four-day Mid-Autumn Festival holilday, which ended on Tuesday. TSMC said it fired the seven
MILD ADJUSTMENT: Two previous efforts failed to curtail mortgage financing, although the new measures should not affect property prices, the central bank governor said The central bank yesterday tightened credit controls for second-home mortgages in specific areas and purchases of plots of land, especially in industrial parks. However, the nation’s top monetary policymaker kept its policy rate at a record-low 1.125 percent for the sixth consecutive quarter, despite revising up its GDP growth forecast for this year from 5.08 percent to 5.75 percent. “Board members factored in economic uncertainty at home and around the world,” central bank Governor Yang Chin-long (楊金龍) said, adding that growing inflationary pressure was a temporary phenomenon induced by bad weather and a low base effect for oil prices. International fuel price increases
RSS