FDC International Hotels Corp (雲品國際) yesterday said that it is to cooperate with Illume Taipei (茹曦酒店) in operating its restaurants and banqueting facilities in a joint bid to tap business opportunities in the wake of the nation’s border reopening.
FDC inked a management contract with multilevel marketing company Sunrider International (仙妮蕾德), which owns Illume Taipei near the Taipei Arena MRT Station in Songshan District (松山).
FDC president David Ding (丁原偉) said the collaboration turns a new page for both companies as they seek to boost their business.
Under the agreement, FDC would be responsible for running Illume Taipei’s buffet restaurant and Chinese restaurant, as well as its banqueting and conference facilities.
FDC would draw up management goals including revenue targets, operating expenses and personnel training programs to enhance Illume Taipei’s financial performance, Ding said.
The property, formerly the Sunworld Dynasty Hotel Taipei (王朝大酒店), has been relaunched and cut its number of rooms from 730 to 408 by subleasing floor space to retailers, eateries, fitness facilities and other tenants to pursue better cost-efficiency.
FDC, which owns Palais de Chine Hotel (君品酒店) near Taipei Railway Station, whose Cantonese restaurant Le Palais (頤宮) has won the highest Michelin recognition for years, would share its know-how and experiences to support Illume Taipei, Ding said.
The New Taipei City-based hospitality group posted NT$175 million (US$5.49 million) of revenue for last month, a 69 percent year-on-year increase, company data showed.
In the first nine months of the year, revenue totaled NT$1.39 billion, a 46 percent improvement from the same period last year, the data showed.
Taiwan’s foreign exchange reserves fell below the US$600 billion mark at the end of last month, with the central bank reporting a total of US$596.89 billion — a decline of US$8.6 billion from February — ending a three-month streak of increases. The central bank attributed the drop to a combination of factors such as outflows by foreign institutional investors, currency fluctuations and its own market interventions. “The large-scale outflows disrupted the balance of supply and demand in the foreign exchange market, prompting the central bank to intervene repeatedly by selling US dollars to stabilize the local currency,” Department of Foreign
ENERGY ISSUES: The TSIA urged the government to increase natural gas and helium reserves to reduce the impact of the Middle East war on semiconductor supply stability Chip testing and packaging service provider ASE Technology Holding Co (日月光投控) yesterday said it planned to invest more than NT$100 billion (US$3.15 billion) in building a new advanced chip testing facility in Kaohsiung to keep up with customer demand driven by the artificial intelligence (AI) boom. That would be included in the company’s capital expenditure budget next year, ASE said. There is also room to raise this year’s capital spending budget from a record-high US$7 billion estimated three months ago, it added. ASE would have six factories under construction this year, another record-breaking number, ASE chief operating officer Tien Wu
For weeks now, the global tech industry has been waiting for a major artificial intelligence (AI) launch from DeepSeek (深度求索), seen as a benchmark for China’s progress in the fast-moving field. More than a year has passed since the start-up put Chinese AI on the map in early last year with a low-cost chatbot that performed at a similar level to US rivals. However, despite reports and rumors about its imminent release, DeepSeek’s next-generation “V4” model is nowhere in sight. Speculation is also swirling over the geopolitical implications of which computer chips were chosen to train and power the new
Intel Corp is joining Elon Musk’s long-shot effort to develop semiconductors for Tesla Inc, Space Exploration Technologies Corp and xAI, marking a surprising twist in the chipmaker’s comeback bid. Intel would help the Terafab project “refactor” the technology in a chip factory, the company said on Tuesday in a post on X, Musk’s social media platform. That is a stage in the development process that typically helps make chips more powerful or reliable. The chipmaker’s shares jumped 4.2 percent to US$52.91 in New York trading on Tuesday. The Terafab project is a grand plan by Musk to eventually manufacture his own chips for
RSS