Reported 12 months ago
Yongqing Real Estate has been awarded the Service Gold Award in the Taiwan service industry evaluation for its transparent and efficient real estate services. In addition to its business success, the company has been fulfilling its social responsibility by conducting property knowledge public welfare seminars in communities to protect the rights of residents. The seminars highlight the importance of 'balcony registration' for older properties in Taipei and New Taipei City, aiming to prevent potential losses for homeowners. Moreover, the seminars also address common types of property fraud and educate the public on how to prevent falling victim to scams, emphasizing the company's commitment to safeguarding the safety of people's properties.
Source: YAHOO
Reported 12 months ago
Legislators suggest that if violations are found in new Xin Qing'an housing loans, credit annotations should be made at the Credit Information Center, with the Ministry of Finance promising to discuss adding records to curb misuse. Public banks warn that annotating misuse of Xin Qing'an housing loans could affect future loans and credit card applications. The Ministry of Finance will review the high-risk cases of 1,700 Xin Qing'an housing loans and discuss with the Financial Supervisory Commission on whether to add records at the Credit Information Center to prevent abuse and maintain the original intention of the loan.
Source: YAHOO
Reported 12 months ago
Acer's IPO Tiger Team announces another acquisition as Acer Group reveals its investment in the Japanese high-end home appliance brand and creative studio Amadana株式会社 on July 3, 2024. Acer aims to inject new creativity into the group's consumer products through Amadana's design capabilities. This move is part of Acer's strategy to transition from a 'rational brand' to a 'sensory brand', following their recent acquisitions to diversify their business portfolio.
Source: YAHOO
Reported 12 months ago
Based on the latest economic data released by the Vietnamese Planning and Investment Department, Vietnam's GDP in the second quarter of 2024 showed positive growth momentum, increasing by 6.93% compared to the same period last year. The Sun Vietnam Opportunity Fund recommends investing in the favorable Vietnamese market through active funds, focusing on economic growth dividends, foreign direct investment, AI technology investments, and top-performing stocks with foreign ownership limits. With the Vietnamese stock market in an upward bullish trend and promising long-term investment prospects, combining timing investments in Vietnamese stocks with active fund asset allocation can provide significant investment returns.
Source: YAHOO
Reported 12 months ago
Google released its 2024 environmental report on July 2, attributing a nearly 50% increase in carbon emissions compared to 2019 to the impact of artificial intelligence (AI) development, showcasing the massive power consumption of AI and the challenges Google faces in achieving its net-zero emissions goal by 2030. The report highlighted a 13% increase in greenhouse gas emissions in 2023 to 14.3 million metric tons of carbon dioxide equivalent, 48% growth since 2019, with a 17% rise in total power consumption at data centers. Google cited the increased energy consumption driven by AI technology and a surge in supply chain carbon emissions. Google's sustainability chief, Kate Brandt, acknowledged the difficulties ahead with further AI integration into products leading to increased emissions due to intensified AI computation and expanded infrastructure investments, emphasizing the need for systemic changes, strong government policies, and support for new technologies to achieve a sustainable future. The tech industry's expanding data centers to provide AI services are significantly contributing to increased electricity consumption, with estimates predicting a 20% rise in electricity usage by 2030 and a potential 323 TWh increase in US power demand solely from AI data centers. While renewable energy is expected to play a growing role in offsetting AI energy consumption in the future, the time required to build power transmission facilities means traditional energy sources cannot be immediately replaced. Google noted that its data centers are about 1.8 times more energy-efficient than average data centers and outlined plans for modular optimization, efficient infrastructure, and emission reductions to mitigate AI's environmental impact. Google is not the only tech giant experiencing increased emissions due to AI demand, as Microsoft also saw a nearly 30% increase in carbon emissions since 2020 from extensive data center construction to support advanced AI technology. Both Google and Microsoft aim to achieve carbon neutrality by 2030.
Source: YAHOO
Reported 12 months ago
Fubon Securities, known for prioritizing customer needs and experiences, has continuously optimized its services to provide personalized financial services with warmth, receiving positive feedback from clients. Recently, the company won the gold award in the Taiwan Service Industry Evaluation, being the only securities firm to achieve this honor. Fubon Securities' commitment to customer service excellence was highlighted through their integration of resources, both digital and offline, and their emphasis on customer feedback, resulting in the ISO 10002 certification for complaint management. Additionally, the company's efforts in providing friendly financial services, such as introducing sign language translation services and tactile signature boards for visually impaired clients, have demonstrated their dedication to inclusivity and customer satisfaction.
Source: YAHOO
Reported 12 months ago
In the era of high inflation, retirement fund goals for the public are also increasing. Fubon Securities executed the 'Good Retirement Preparation Platform' and released the results of the 'Mass Retirement Survey' on the retirement preparation status of Taiwanese citizens. On average, respondents expect to save 14.03 million for retirement, compared to 11.11 million four years ago. However, only 35.3% are confident in achieving this goal, with an average expected retirement age of 62.5 years, delayed from the previous survey's 60.9 years. Fubon Securities clients are more prepared than the general public, with 57.7% expecting to reach their retirement fund goal and having an average expected retirement age of 61.4 years. Those who start preparing for retirement earlier have higher confidence levels.
Source: YAHOO
Reported 12 months ago
Under the support of mainland Chinese government policies, Taiwanese investments have been steadily moving inland in recent years, with Hubei becoming a key investment destination. The Hubei Cross-Strait Industry Cooperation Zone, established nearly six years ago, has attracted 162 Taiwanese enterprises with a total investment exceeding 10.7 billion USD. Particularly in Huangshi City, a hub for the third largest PCB industry in mainland China, Taiwanese companies have contributed over 50% of the PCB production capacity. The cooperation zone, with branches in Wuhan, Huangshi, and Xiantao, has seen a total of 162 Taiwanese companies investing over 107 billion USD by the end of last year, accounting for 31.2% of the total Taiwanese investment in the province. Continuous efforts to attract high-tech Taiwanese projects and promote industrial clustering have resulted in 43 new Taiwanese enterprises and investments totaling 1.22 billion USD in the past three years. Huangshi Industrial Park, focusing on PCB production, has welcomed 25 electronics-related Taiwanese companies, with an annual output value of 7.25 billion RMB. As of last year, the park's PCB design capacity reached 31.26 million square feet annually, with Taiwanese companies accounting for 52% of the total capacity, making Huangshi the third largest PCB industry cluster in mainland China, surpassing Shenzhen, Zhuhai, and Suzhou.
Source: YAHOO
Reported 12 months ago
On July 3, 2024, Cleverman (8996) saw a significant increase in demand for server heat dissipation, leading to an opening and closing at NT$492, up NT$28 with a high trading volume of 7,533 shares, the highest in nearly a month. The stock has more than doubled in value since the beginning of the year. After reaching a historical high of NT$537 in mid-May, the stock fell due to shrinking trading volume, but on the 3rd, it broke through the entangled moving averages with a long red candlestick. With the KD indicator showing a bottom cross and moving up, a continued increase in trading volume could lead to further bullish movements. Cleverman's EPS in May was NT$0.55, a decrease of about 36% from last year, largely due to a high base period. With the growing demand for AI server liquid cooling, Cleverman, as the main supplier to major US clients, is expected to see clear revenue growth with a quarterly increasing share as it approaches a revenue share of 20% by the end of the year, becoming the third pillar of its operation.
Source: YAHOO
Reported 12 months ago
Art enthusiasts are able to enjoy masterpieces up close during the summer holidays as Tai Shin Bank sponsors the special exhibition 'Instant - A Journey Through Painting and Photography.' The exhibition, featuring 55 artworks from 35 international masters, including pieces by Picasso, Andy Warhol, and Takashi Murakami, is being held at the Kaohsiung Museum of Fine Arts from July 3, 2024, to November 17, 2024. Tai Shin Bank's involvement in promoting arts and culture aims to bring art closer to the public, enriching their lives and broadening their artistic horizons. This exhibition not only benefits art lovers in Taiwan but also boosts the local art scene, especially in southern Taiwan.
Source: YAHOO
Reported 12 months ago
In response to the peak travel season during the summer, insurance companies are promoting new comprehensive travel insurance plans. Starting in July, Anbang Insurance has increased the coverage limits for overseas sudden illness between 100%-250%, while Taiwan Insurance has introduced coverage for emergency accident transportation expenses in July. These insurance plans also offer increased compensation for trip cancellations, flight delays, itinerary changes, and medical expenses abroad, with enhancements in coverage for inconvenience during travel delays, such as offering double compensation after an 8-hour delay.
Source: YAHOO
Reported 12 months ago
In celebration of its 13th anniversary, HOME HOTEL in Taipei's Xinyi District is offering a special promotion until August 31st. Those with ID numbers containing '1' and '3' can book the '13th Anniversary Special' on the official website and pay only an additional 13 NT dollars for the second night, making it 3,506 NT dollars per night for a three days and two nights stay. Additionally, there's a 'Starry Night Drink-all-you-can Package' for couples staying in the original guest room or pure original guest room, priced at 5,999 NT dollars and 6,799 NT dollars per night respectively, including unlimited wine at the ren Bistronomy on the hotel's first floor from 8 PM to midnight. The hotel also features a newly opened restaurant, ren Bistronomy, serving creative cocktails, heartwarming dishes, and hosting live band performances on evenings from Wednesday to Saturday.
Source: YAHOO
Reported 12 months ago
Taiwan Semiconductor's investor conference will take place on July 18, 2024. On July 3, the stock price rose sharply, closing at the highest price of 979 NT dollars, with related concept stocks like TSMC, Everspin Semiconductor, and others reaching historical highs. Analysts expect the positive momentum to continue until 2025 due to strong fundamentals in the supply chain and orders for advanced processes, such as the potential use of TSMC's 3nm chips in Apple's new AI products. Overall, the market anticipates bullish signals from the upcoming investor conference, driving vibrant performances in the related stocks beforehand.
Source: YAHOO
Reported 12 months ago
At the 2024 Taiwan Service Industry Grand Evaluation Awards ceremony organized by the Business Times on July 3, Far East SOGO Department Store received the Gold Award in the Department Store Shopping Mall category. SOGO Chairman Huang Ching-wen emphasized the company's strong product offerings, warm and sincere service, and zero-stress shopping experience, with a focus on detail and customer satisfaction. The evaluation involved 30 industries, 360 companies, 435 stores, and 46 mystery shoppers, highlighting SOGO's service excellence and customer-centric approach.
Source: YAHOO
Reported 12 months ago
Robinhood Markets, an online brokerage, is reportedly planning to expand its cryptocurrency business by introducing cryptocurrency futures in the US and Europe in the coming months. Recently, Robinhood announced the acquisition of investment research firm Pluto Capital, known for developing customized investment strategies using AI technology, to enhance its AI investment advisory services and attract a broader customer base. Despite reports, a Robinhood spokesperson denied immediate plans to launch cryptocurrency futures but confirmed ongoing discussions. The company's acquisition of Bitstamp and Pluto Capital signifies its strategic shift towards becoming a comprehensive investment store, aiming to introduce perpetual futures in Europe and exploring the issuance of Bitcoin and Ethereum futures on the CME in the US. The cryptocurrency business has significantly boosted Robinhood's first-quarter profits, but regulatory pressures from the SEC loom. The potential acquisition of Pluto aims to fill the gap in Robinhood's investment advisory services, aligning with its vision to provide modern technology-driven financial services at affordable rates.
Source: YAHOO
Reported 12 months ago
The Financial Supervisory Commission (FSC) Chairperson revealed concerns about potential limitations on capital flow in the real estate market on July 3, 2024. The FSC is looking into the 'but clauses' within Section 72-2 of the Banking Act, which allows exclusion of many real estate loans from the 30% limit. This has been criticized as 'backdoor clauses' by lawmakers, and the FSC aims to scrutinize and redefine these exclusions within a month. The FSC plans to review if loans for industrial buildings and related operational turnover funds can be exempted, focusing on definitions and assessments to prevent misuse of these exclusions and maintain fair lending practices.
Source: YAHOO
Reported 12 months ago
On July 3, 2024, U.S. President Biden urged Danish pharmaceutical company Novo Nordisk to lower prices in an article, criticizing Eli Lilly for unreasonable drug pricing. The call led to a sell-off of pharmaceutical stocks, with Novo Nordisk dropping over 3% and Eli Lilly plummeting by 3.4%. Biden and Senator Sanders jointly published a column in USA Today naming Novo Nordisk and Eli Lilly, urging them to stop 'extorting Americans with high-priced drugs' and calling for multiple pharmaceutical companies to lower U.S. prescription drug prices to 'end their greed'. They criticized the prices of diabetes drug Ozempic and weight-loss drug Wegovy under Novo Nordisk, which may be six times higher than in other major countries like Canada, Germany, and Denmark, demanding a significant decrease. Additionally, they pointed out that Eli Lilly's diabetes drug Mounjaro costs approximately $1,100 per month, which they deemed 'unreasonably high'. Novo Nordisk responded, emphasizing they value affordability for people and were disappointed at the oversimplification of a complex issue while Eli Lilly claimed eligible patients only need to pay $25 per month for Mounjaro and obesity drug Zepbound, highlighting discounts and costs totaling billions of dollars. Biden and Sanders also collectively called for expanding Medicare drug price negotiation plans, aiming to increase the number of eligible new drugs negotiated annually from the current 20 to 'at least 50', as part of the 'Lowering Inflation Act'.
Source: YAHOO
Reported 12 months ago
Askey's consolidated revenue in the first quarter of the year was NT$18.848 billion, a decrease of 14.2% from the previous quarter and 4.3% from the previous year. Revenue has significantly increased since the second quarter, driven by improved chip supply and increasing demand for AI computing. Market analysts predict that Askey's revenue in the second quarter is expected to show double-digit growth compared to the previous quarter. Despite a weak enterprise market, recovery is expected in the second half of the year, with the global market share of white-label switches continuing to grow over the next few years.
Source: YAHOO
Reported 12 months ago
Taipei- Vice President Xiao Meiqin attended the '2024 Taiwan Service Industry Grand Evaluation' awards ceremony held by Business Times on July 3, 2024. Xiao highlighted Taiwan's service industry quality, stating its recognition internationally and contribution to over 60% of the GDP. She emphasized the importance of embracing change and innovation in the competitive market and promoting Taiwan's service industry as a 'protective national industry' globally. The event recognized 30 gold medal enterprises and addressed the need for friendly and empathetic services, focusing on the aging society and ESG principles in Taiwan's service industry development.
Source: YAHOO
Reported 12 months ago
亚洲企业商会举办亚洲永续指标大奖「2024亚洲企业社会责任奖」（AREA）日前揭晓，中鼎集团因积极推动永续工程影响力，从19个国家、300多个专案中脱颖而出，荣获「绿色领导奖」和「企业永续报告奖」，总裁余俊彦更夺得「负责任企业领袖奖」。中鼎集团以核心专业运营全员ESG目标，结合绿能与智能技术，致力提供最先进的永续解决方案，同时与全球合作伙伴共同打造低碳供应链，建设无数兼顾经济与环境的「绿色工程」，走向更永续的未来。
Source: YAHOO
Reported 12 months ago
根據報導，由於大陸官方刻意引導，人民幣開始加速貶值，兌美元價格達八個月新低。市場預估短期內人民幣將承受貶值壓力，且不排除官方進一步放寬匯率波動限制。雖然美元指數稍微疲軟，但受人行放手貶值影響，人民幣將持續下跌。此外，預料人行穩匯率政策將堅定繼續實施，保持人民幣匯率在較平衡水準上的基本穩定。
Source: YAHOO
Reported 12 months ago
The regulations related to carbon trading will come into effect on August 15, with domestic carbon credits expected to be listed on the Taiwan Carbon Exchange by the end of September or early October. This has sparked interest in paper stocks closely linked to carbon credits, such as Hua Paper, which has over 30,000 hectares of forest land, estimating a carbon sequestration of about 2.9 million tons. The industry is also focused on carbon fees, urging the government to carefully assess the impact on industries and determine industries at high risk of carbon leakage.
Source: YAHOO
Reported 12 months ago
On July 3, 2024, at 4:10 pm, Hond Energy successfully entered the Australian market by signing a memorandum of understanding with ZEN Energy, an Australian electricity retailer. The agreement includes a 500MW solar energy storage plant usage agreement, cooperation on a 4MW virtual power plant, and energy storage site development. Hond Energy plans to collaborate with ZEN Energy on green hydrogen and other green energy initiatives. Establishing a subsidiary in Australia in April 2024, Hond Energy will provide integrated services under its own brand TITAN, entering spot, ancillary service, and capacity markets in the country. The company has already secured 70 MW of energy storage site development and engineering projects, with a 5 MW solar storage site expected to start construction in the second half of the year. Through the collaboration with ZEN Energy, Hond Energy aims to enhance its presence in the Australian electricity market and implement its smart power system TITAN for local operations.
Source: YAHOO
Reported 12 months ago
Following the Federal Reserve's dovish stance on July 3, 2024, speculations of a rate cut in September increased, leading to a surge in financial stocks. Insurance-linked financial conglomerates, especially those with substantial bond holdings, soared, with the financial stock index rising by 57.24 points to 2,079.95 points, marking a 2.82% increase and outperforming the market's 1.28% rise. Cathay Financial Holdings surged by 5.67% on the same day, increasing its market value to NT$994.65 billion, close to hitting the one trillion mark. Additionally, multiple insurance-related stocks rose by over 2% on this day. With the positive outlook on Taiwan's economy benefiting from the AI trend and the upcoming export season in the second half of the year, the banking sector's loan growth, as well as the expected profit boost in the insurance industry due to a potential U.S. rate cut, are anticipated to keep the financial sector robust.
Source: YAHOO
Reported 12 months ago
Intermediaries in Taiwan suggest expanding the scope of exemption for people above 80 years old from the Bavarian Scale evaluation, with an estimated 55,000 beneficiaries. They propose implementing a comprehensive exit mechanism for foreign workers and address four demands to cope with the upcoming super-aged society, including exempting those above 80 from the Bavarian Scale, establishing an exit mechanism for bad foreign workers, allowing employers without the Bavarian Scale to hire foreign workers by paying additional employment stabilization fees, and reviewing the one-stop pick-up service to avoid conflicts between employers and workers.
Source: YAHOO