Reported 12 months ago
Taipei, Lin Wangjing: On July 2, 2024, at 4:10 pm, Minister of Economic Affairs Guo Zhihui stated that factories and data centers are not allowed to experience power outages. He emphasized that Taiwan Power Company (Taipower) has insufficient manpower and needs to enhance the supply reliability. To address this, inter-ministerial consultations are needed to introduce migrant workers from overseas. Guo Zhihui mentioned that despite efforts to improve reliability, Taipower's manpower shortages require the consideration of foreign labor to solve the issue of power supply. Despite a decrease in power outages, Guo highlighted the need for additional personnel to prevent distribution accidents efficiently and effectively.
Source: YAHOO
Reported 12 months ago
信邦上半年營收同比下降，6月合併營收27.42億元出現雙減，連帶第二季合併營收83.88億元、上半年累計營收164.08億元均未能超越去年，僅同步拿下歷年同期次高的成績。受太陽能產業季節性需求影響，6月營收下降是主因，但工業應用產業、通訊及電子週邊產業銷售增幅微升。總體而言，雖然營收有所下滑，但仍超越歷年同期次高水準。
Source: YAHOO
Reported 12 months ago
At a press conference on July 2, 2024, Jiao Youjun, chairman of Macronix International, stated that the current upturn in the memory market cycle has arrived on time, expecting 2025 to be a good year. Jiao mentioned that the company's performance has already shown an increase in the second quarter, with expectations for sustained growth over the next two years. Macronix's focus on NOR Flash memory, used in various tech products, indicates an overall recovery in the electronics industry. The company's cash increase and future investments aim to capitalize on the industry's prosperity. With a positive outlook for the second half of the year and various sectors showing growth potential, Macronix is also adapting its strategy towards AI trends to provide innovative memory solutions for customers.
Source: YAHOO
Reported 12 months ago
As of July 2, 2024, the Actual Payment Insurance officially returned to the principle of damages reimbursement. The Financial Supervisory Commission stated that there are two ways of damages reimbursement - original claim and loss sharing. Currently, there are no regulations for loss sharing in the market, and all policies available are for original claim only. The mechanism for loss sharing is still unclear and requires further discussion between the life insurance association and insurance companies.
Source: YAHOO
Reported 12 months ago
Investing has become a popular activity in Taiwan, especially among young adults opening new stock accounts. To encourage early investment planning, KGI Securities has introduced the 'Double Benefit Account' promotion, offering a 6% interest rate for three months to new accounts opened and linked to eFinance Bank until September 30. With over 12.83 million investment accounts by May, with a significant portion under 30, KGI Securities aims to assist young investors by providing practical investment information, convenient trading tools, and stock selection assistance through their investment advisory team and LINE official account.
Source: YAHOO
Reported 12 months ago
On July 2, 2024, the Environmental Protection Administration in Taiwan launched a campaign in 47 markets nationwide to reduce plastic usage by encouraging people to bring their own eco-friendly bags for shopping. The goal is to reduce around 20% or 65 million plastic shopping bags, aiming to conserve natural resources. Although the initiative has not yet covered night markets with high plastic bag usage, it promotes the concept of reducing plastic waste by starting from major markets across the country. Various measures such as bringing eco-friendly bags, combining vegetables and fruits in one bag, and avoiding unnecessary bags per stall are being promoted to instill environmental conservation practices. The administration plans to continue with market-based initiatives and provide incentives to further reduce plastic usage.
Source: YAHOO
Reported 12 months ago
Plastic factories continue to activate assets to increase revenue and provide financial support for business transformation. Companies such as Chinfon, Sinopec, and China General are selling land parcels and developing new projects to boost operational funds and profit. By selling off unused land and focusing on asset activation, these companies aim to successfully transform and upgrade in the industry.
Source: YAHOO
Reported 12 months ago
President Lai Ching-te's formed task force committee, starting with the National Climate Change Strategy Committee, will convene at the end of July to discuss topics such as net-zero pathways, carbon reduction, and green energy. The committee will focus on Taiwan's climate change trends in the next centenary, covering seven main areas including net-zero pathways, green energy, carbon reduction technology, and more, with regular quarterly meetings planned after the initial session.
Source: YAHOO
Reported 12 months ago
In response to queries, the US Department of Commerce confirmed that since 2024, the Biden administration has revoked 8 export licenses that allowed certain companies to export products to Huawei, in an attempt to increase pressure on the Chinese tech giant. While Huawei denies security risks and seeks to revitalize its smartphone business with the Mate 60 series, the US Congress continues to pressure the Biden administration to crack down on Huawei, as reported by Reuters. Names of affected suppliers such as Qualcomm and Intel were not disclosed when the licenses were revoked. This move intensifies the ongoing tech war against Huawei by the US hardline camp.
Source: YAHOO
Reported 12 months ago
On July 2, 2024, Google announced a partnership with Risen Energy to invest in a solar power plant in Taiwan with a target installation capacity of 1GW. This news led to a surge in solar energy stocks, with solar module manufacturers hitting the limit up. Gintech's (6443) stock price fluctuated at a high level on the 2nd, with a large order hitting and closing at the limit up at 31.35 yuan, with a trading volume of 99,200 shares. Google will also purchase up to 300MW of solar energy through power purchase agreements (PPAs) from this project, obtaining renewable energy certificates in Taiwan to support Google's electricity needs in data centers, Google Cloud regions, and office operations in Taiwan.
Source: YAHOO
Reported 12 months ago
Gaoli (8996) reported a decrease in May's pre-tax profit by 32% year-on-year, with a net profit after tax of 0.49 billion yuan, down by 35.3% year-on-year, with an EPS of 0.55 yuan. Gaoli attributed the decline to a drop in product demand as customers redesigned products, leading to a revenue decrease in May to 317 million yuan and a 21.1% year-on-year revenue decline for the first five months of the year. Despite this, Gaoli is optimistic about growth in the second half of the year, particularly with the growing demand for liquid cooling heat dissipation products contributing to revenue growth.
Source: YAHOO
Reported 12 months ago
According to the preliminary statistics released by the Ministry of Finance, out of the 16,650 households in Taiwan with annual incomes exceeding tens of millions, there are four households whose net incomes are zero, meaning they do not have to pay any income tax. The article explores how high-income families may not necessarily be heavily taxed due to available deductions. By utilizing various deduction options, some families with incomes over 200 million NTD have managed to legally avoid paying taxes, showcasing their adept tax planning skills. The article also delves into tax-saving methods employed by wealthy individuals such as donations and medical expense deductions, shedding light on the evolving landscape of income taxation in Taiwan.
Source: YAHOO
Reported 12 months ago
GaoLinShi (2906) benefits from the recent green energy trend by investing in GaoMing Energy solar and energy storage services, resulting in a sharp increase with a daily limit up to 23.10 yuan on July 2nd with a trading volume of 5,139 shares. With the upcoming start of the Taichung solar power project this year, its future prospects look promising. While its main business is retail trade, its investments in international premium brand RIMOWA and biopharmaceuticals are gaining momentum. Its subsidiary GaoMing Energy, with a 51% stake, focuses on solar photovoltaic, electric vehicle charging, and energy storage services, making progress in domestic and international projects. With investments in Yuenchuang Technology charging station systems entering Malaysia and plans for establishing a green energy sales company and venturing into the green energy and carbon trading market, the theme is continuously evolving.
Source: YAHOO
Reported 12 months ago
Following the listing of the AI product ChatGPT, the global AI industry flourishes, leading to the establishment of over ten international companies setting up data centers in Taiwan. This has sparked an AI supply chain in Taiwan, extending to green energy and solar power sectors. Companies like Yunpao Energy (6869) have seen a 1.26-fold increase. With the impact of generative AI technology on Taiwan's industries, Taiwan Semiconductor Manufacturing Company's advanced production capacity has been secured by companies like NVIDIA and AMD. Market attention is heightened for TSMC's upcoming financial outlook meeting, expecting double-digit growth and future capital expenditure plans. The article also highlights the significance of companies like NVIDIA, Google, and Amazon AWS procuring green energy in Taiwan, boosting related stocks like solar power, where companies like Jinneng reached the daily limit price increase. Overall, the continued focus on AI supply chains from 2024 to 2025 is evident in the market's positive response.
Source: YAHOO
Reported 12 months ago
God Said International's 'CCE China Capital Exchange' introduced traditional auctions with the 'Automatic Auction Renewal Device', combining computer technology to revolutionize the financial market and expand rapidly. The 31st Lin Kou Pleasure Learning Point was inaugurated in New Taipei City's Lin Kou District on June 22, with over 200 members and guests in attendance. With plans to open more branches by the end of the year and aiming to establish 100 branches within five years, CCE also gears up for entry into the Southeast Asian market. Utilizing a computerized trading system, CCE provides a platform for wealth redistribution and passive income generation, bringing prosperity to individuals and defeating inflation. The success of the Lin Kou branch reflects the power of teamwork and perseverance, with members seeing significant growth in performance and career advancement, showcasing the unique features of the 'CCE China Capital Exchange'.
Source: YAHOO
Reported 12 months ago
Antro Biotech announced on July 2, 2024, that their Enterovirus 71 vaccine (EnVAX-A71) passed the Phase III clinical trial with an efficacy rate of 99.12%, the highest among all Enterovirus 71 vaccines in the global market. Antro plans to apply for listing on the Taiwan Stock Exchange's innovation board in mid-July. The company has also signed a sales contract with VABIOTECH, Vietnam's largest state-owned vaccine company, aiming to enter the newborn market in Southeast Asia and potentially expand to mainland China. Antro's vaccine trial involved multiple countries and centers, with impressive results.
Source: YAHOO
Reported 12 months ago
Green Energy (8440) recently disclosed a self-assessed net profit of 5 million yuan after tax for June, with an earnings per share of 0.1 yuan; accumulating a net profit after tax of 10 million yuan for the period of May to June, with an EPS of 0.22 yuan. Green Energy is a Taiwanese company formed by a strategic alliance of 12 major home appliance manufacturers in Taiwan, specializing in recycling and processing waste electrical and information products. Its revenue for April to June is showing a year-on-year growth due to the rise in international copper prices. However, challenges related to the disposal of air conditioners have led to high recycling costs and impacted profitability, with a significant decline in earnings in the first quarter of the year. The stock price of Green Energy has surged by nearly 50% from mid-June to July 2nd.
Source: YAHOO
Reported 12 months ago
According to The Wall Street Journal on July 2, 2024, after President Biden's poor performance in the first presidential debate, internal calls for changing the leadership within the Democratic Party have arisen. Vice President Kamala Harris is considered a top contender if Biden were to step down from running for re-election. Despite concerns about Biden's age and capabilities, he has not expressed any intention to withdraw. Harris, popular especially among women and Black voters, could face challenges if nominated. However, her readiness for presidency and support base cannot be overlooked. Harris has been actively defending Biden and reassuring party members amidst fears following the debate, emphasizing that true leadership is about character over style, contrasting Trump's lack of presidential qualities.
Source: YAHOO
Reported 12 months ago
On July 2, 2024, Tang Weizhe reported that Huiju participated in the opening event of the 2024 International ESG Real Estate Sustainable Summit and the 10th anniversary of the YiJing Sustainable held at the Songshan Cultural and Creative Park in Taipei on June 19. They engaged in in-depth dialogues with top experts and leaders in the industry to bring in international sustainable innovative thinking and technology, advocating core values of health, low-carbon, and circular sustainability. In response to increasing pressure on carbon emissions management by governments and businesses, carbon cost has become an essential issue. Huiju is actively promoting a low-carbon transition, striving to lead the industry towards a green future by constructing a comprehensive ESG action framework covering channels, logistics, equipment, food, and raw materials. They aim to highlight sustainable products and services for greater contributions to global environmental protection, focusing on autonomous carbon reduction plans, energy efficiency enhancements, the use of renewable energies, and process improvements to develop more comprehensive carbon reduction strategies in alignment with government sustainability initiatives.
Source: YAHOO
Reported 12 months ago
According to CoinGecko data, despite Bitcoin not surpassing its previous all-time high of $73,000 reached in July 2024, the cryptocurrency market has seen three top-earning tracks from the beginning of the year until June 21. The top spot goes to meme coins with an astounding average return rate of 2,405.1%, followed by the Real World Assets (RWA) track at 213.5% returns, and the third spot being the Artificial Intelligence (AI) track with a notable 71.6% return. Various new meme coins like BRETT, BOME, and DOG have emerged with significant market values. RWA tokens, particularly MANTRA (OM) and Ondo (ONDO), and AI tokens like Arkham (ARKM) and AIOZ Network (AIOZ) have also shown substantial growth.
Source: YAHOO
Reported 12 months ago
The Taiwan Stock Exchange is actively promoting anti-fraud initiatives through collaborations with the Lamigo Monkeys, the first professional baseball team in Taiwan. In an effort to increase awareness and knowledge of fraud prevention, the stock exchange will hold the 'Stock Exchange Delivery Strong Bat Attack' events on July 7, August 7, and September 27 at the Lamigo Monkeys' games. This marks the first time the stock exchange is bringing anti-fraud promotion to a baseball stadium, aiming to engage diverse audiences and educate them on common investment fraud tactics through interactive activities and quizzes.
Source: YAHOO
Reported 12 months ago
The Taiwan Stock Exchange urges listed companies to consider buying back treasury stocks to enhance investor confidence, especially for those with low stock prices despite the overall market hitting new highs. The exchange recently announced that from July 1, 2023, to June 30, 2024, 25 companies conducted buybacks, with 15 achieving a buyback rate of 100%. Companies like PharmaEssentia, King's Town Bank, and Taiwan Semiconductor Manufacturing Company were among those successfully implementing their buyback plans. For more details, investors can refer to the exchange's public information platform for comprehensive statistics.
Source: YAHOO
Reported 12 months ago
In an upgrade unveiled on July 2, 2024, at 4:10 pm, the ‘Highway 1968’ App now provides convenient access to charging information, addressing the ‘range anxiety’ of electric vehicle drivers. The app, with over 5.4 million downloads as of June, offers real-time data on charging station locations, availability of charging spots, operators, and rates at service areas. As traffic increases on highways, so does usage of the app, noting a correlation between traffic congestion and app usage. The updated version aims to improve user experience by displaying nearby service area or rest station details based on the user's location, aiding in reducing electric vehicle drivers' range anxiety.
Source: YAHOO
Reported 12 months ago
Following the successful fundraising of two major high-yield ETFs in the first quarter exceeding 220 billion NT dollars, Taiwan's stock ETF market has cooled down in the second quarter, with no new ETFs announced in the third quarter. Institutional investors attribute this slowdown to the rapid expansion of the ETF market in the short term and regulatory measures taken by authorities. The upcoming performance hinges on fund management companies that have not entered the ETF market yet, as the current stock ETF fundraising momentum may weaken in the second half of the year.
Source: YAHOO
Reported 12 months ago
Taipei reported by Huang Yourong on July 2, 2024, at 4:10 pm, listed public financial institutions have successively disclosed ESG-related statistics, with Mega Financial Holding achieving the best performance in greenhouse gas emissions reduction in 2023, reducing 69,000 tons of CO2e compared to the previous year. In terms of renewable energy usage, First Financial Holding ranked best with 11.59%. All six listed public financial institutions have completed the disclosure of greenhouse gas emissions and energy management information. Details of the emission reductions and renewable energy usage rates of various institutions are also provided.
Source: YAHOO