Reported 12 months ago
Assistant partner lawyer Deng Huiding from Ronghui Ding World Law Firm stated on July 2, 2024, that if a company evades tax, the company's responsible person may be prosecuted for their criminal act of tax evasion. While the assessment period refers to a certain period during which tax authorities can issue bills for collecting or adjusting taxes in accordance with the law, once this period expires, tax authorities cannot impose additional taxes or penalties. However, for criminal acts of tax evasion, criminal proceeds should still be confiscated within the statutory limitation period for prosecution and confiscation under the Criminal Law. Therefore, evading taxes beyond the assessment period does not absolve one from legal consequences.
Source: YAHOO
Reported 12 months ago
Before 4:10 pm on July 2, 2024, Tsaichenyu, Vice Chairman of Cathay Financial Holdings, is set to acquire AnTai Bank and King Bank in stages, shaking the financial market. Investment banks, lawyers, and accountants are actively preparing documents to apply to the FSC, and it is estimated that the acquisition will be done in stages to comply with regulations. Key aspects to consider include acquiring a controlling stake in both banks, potential public takeover offers, and the process of merging the two banks, with discussions with the regulators being crucial.
Source: YAHOO
Reported 12 months ago
The Central Bank of Taiwan raised the interest rate by half a percentage point in mid-March, increased the reserve requirement ratio by one percentage point in June, starting in July. The central bank has maintained a moderate tightening pace and gradually adjusted the market funds. In June, it significantly reduced the issuance of fixed deposits by over 180 billion yuan, releasing excess funds into the market. The balance of outstanding fixed deposits at the end of June reached a new low since April 2020. The central bank continues its 'take money with one hand, give money with the other' approach, with recent reductions below 8 trillion yuan. The bank actively issues 7-day, 28-day fixed deposits, as well as 91-day and 182-day fixed deposits periodically, serving as tools to address changing short-term market fund demands.
Source: YAHOO
Reported 12 months ago
In Taipei, on July 2, 2024, at 4:10 pm, HwaCom's Chairman Jiao Youjun expressed support for Taiwan's development of nuclear power, believing it will help stabilize Taiwan's power supply. He also backs the extension of the Third Nuclear Power Plant, stating that assets should not be wasted. Jiao noted that the current risks such as inflation, interest rates, and geopolitics are not new and emphasized the need for innovation in meeting future demand growth. He supports the idea that stable power supply is the government's responsibility and is not worried personally about the issue. Jiao supported Taiwan's green energy supply and emphasized the purchase of green energy by HwaCom to address the insufficient supply, focusing mainly on solar and wind energy sources.
Source: YAHOO
Reported 12 months ago
To prevent housing speculation, public banks in Taiwan strictly adhere to an 80% loan-to-value ratio limit, cautiously evaluating loans without easily raising it. Only a few high-quality cases can obtain up to 85% financing. Statistics show that public banks have maintained a loan-to-value ratio average between 70% to 77% this year, with different banks having varying approaches and limitations based on factors like borrower profession and location. Exceptional borrowers, such as specific professionals and those in certain regions, may qualify for higher ratios up to 85%.
Source: YAHOO
Reported 12 months ago
Yadek-KY (1590), a pneumatic component manufacturer, received higher orders than shipments in June due to customers anticipating more favorable policies after the Third Plenum in China, resulting in deferred deliveries and a decrease in June revenue compared to expectations. However, the second quarter and first half of the year still achieved record-high revenue for the same period. Forecasts indicate that Yadek's third-quarter shipments may exceed expectations, leading to optimistic revenue and profit growth for the entire year. Yadek's June consolidated revenue was RMB 565 million, down 4.46% annually, with a total of NT$2.516 billion, also down by 1.03% year-on-year but hitting a record high for the same period. Second-quarter revenue reached RMB 1.891 billion, up 3%, and NT$8.428 billion, up 5% annually, while first-half revenue grew by 4.62% to RMB 3.541 billion and by 4.87% to NT$15.634 billion. Yadek noted that although June orders remained higher than shipments, delays caused by fewer workdays and clients waiting for post-Third Plenum incentives in July affected deliveries. Nevertheless, they believe that current demand is deferred rather than lost and expect third-quarter shipments to surpass initial estimates. The company remains positive about total annual shipments, as China's investments in key industrial and agricultural equipment sectors and subsidies for sectors like home appliances and automotive industries bode well for their products like pneumatic components and linear guides.
Source: YAHOO
Reported 12 months ago
Taiwan Mobile has been selected as a component stock for the seventh consecutive year in the investment-type ESG index 'Taiwan Sustainable Index,' which integrates ESG and financial indicators, and has been awarded the exclusive component stock badge. The index, aiming to recognize Taiwan companies practicing sustainable development responsibilities in line with index rules, consists of Taiwan-listed stocks from the FTSE4Good Emerging Market Index. Taiwan Mobile's chairman, James Jeng, expressed the company's commitment to sustainability through various initiatives, including participating in the EV100 initiative, pledging to fully transition all company vehicles to electric by 2030, expanding renewable energy deployment, and setting a sustainable development roadmap with the '2035 Vision Plan' and a dedicated sustainability committee at the board level.
Source: YAHOO
Reported 12 months ago
As of June 28, the New Kin Taiwan Semiconductor 30 ETF (00904) achieved a cumulative return of 29.74% in the first half of the year, surpassing the Weighted Stock Price Index (up 28.45%) and the Taiwan Semiconductor Selection 30 Index (up 28.07%). The manager of 00904 ETF, Chan Jiafeng, mentioned that Taiwan's semiconductor industry is gradually recovering and benefiting from global AI trends, with the supply chain targeting AI applications. Expectations for increased performance growth in the second half of the year due to new product launches and favorable global tech trends. Taiwan's semiconductor industry is poised for growth with the increasing demand for advanced processes and high-bandwidth memory in the AI hardware market.
Source: YAHOO
Reported 12 months ago
The Bank for International Settlements (BIS) released its annual global economic report, cautioning about the severity of the continuously expanding debt levels in various countries, comparing it to the debt-related crisis triggered by the UK government's borrowing for tax cuts in 2022. The BIS warned that the escalating debts pose one of the most significant threats to global financial system stability and advised governments to reduce debts to mitigate the threat and curb inflation. The BIS emphasized the need for action to lower debts, increase taxes, and cut fiscal expenditure to ease financial system pressures before the situation worsens.
Source: YAHOO
Reported 12 months ago
Federal Reserve Chairman Powell attended the annual European Central Bank forum on July 2, 2024, emphasizing that the timing of the first rate cut depends on data, with the need for more evidence of inflation easing towards the 2% target before starting cuts. Powell stated that despite significant progress in combating inflation, more confidence is required for rate cuts, and data indicating recent inflation slowdown is necessary. The forum discussed monetary policy in times of transition, with Fed's next meeting expected to maintain rates as the market interprets a higher probability of rate cuts in the latter half of 2024 based on PCE growth trends.
Source: YAHOO
Reported 12 months ago
Due to the high housing prices, many people dream of rebuilding old houses through reconstruction or redevelopment, even swapping one house for multiple houses. However, the regulations for self-reconstruction, urban renewal, and rebuilding old and dangerous houses are different. Choosing the most favorable rebuilding method is crucial for a successful renovation. Options include self-reconstruction, urban renewal, and rebuilding old and dangerous houses, each with varying incentives, approval processes, implementation deadlines, subsidies, and tax benefits. Understanding these differences is essential to ensure a successful and beneficial renovation.
Source: YAHOO
Reported 12 months ago
Taishin Investment Trust is optimistic about the long-term prospects of Japan's semiconductor industry, collaborating with the Intercontinental Exchange (ICE) to introduce Taiwan's first ETF focused on Japanese semiconductors, the Taishin Japan Semiconductor ETF (00951). Scheduled to open for subscription on July 8 at a launch price of NT$10 and list on July 25, this ETF aims to capitalize on the booming Japanese semiconductor sector, especially following the opening of TSMC's first overseas wafer manufacturing facility in Kumamoto, Japan. With an affordable entry point, it invites small investors to participate in this growing market while diversifying and reducing investment risks.
Source: YAHOO
Reported 12 months ago
State-owned banks in Taiwan are actively pursuing digitalization, with Taiwan Bank launching digital accounts for student loan borrowers, offering incentives. The Chunghwa Post Bank provides rebates for transferring money using mobile phone numbers. Mega Bank seizes the opportunity of the yen exchange trend by offering digital accounts with credit cards, providing substantial yen rebates. The Ministry of Finance encourages state-owned financial institutions to strengthen digital and AI applications to enhance services and efficiency, leading to the launch of attractive digital financial applications. Taiwan Bank simplifies digital account opening for student loan customers based on loan data, offering enhanced interest rates and free online interbank transfers to encourage account sign-ups.
Source: YAHOO
Reported 12 months ago
Taiwanese stock analyst Johnny Lian's economic event analysis on July 2, 2024, points to a weakening US economy with sluggish GDP growth, low core PCE inflation rate, and declining new home sales. Despite a temporary GDP recovery expected in the second quarter but a further decline in the third quarter, signs of economic weakness persist. Major financial institutions like Morgan Stanley and Bank of America hold bearish views. In terms of industry analysis, post-Nvidia stock split, market volatility affects its price. Nvidia's leadership in the AI information swirl faces scrutiny, but its growth is projected to continue due to strong demand for data center GPUs. Additionally, Nvidia's involvement in AI, robotics, and networking technologies like INFINIBAND further solidifies its position in the market. The article also touches upon Tesla's role in the self-driving industry and Nvidia's vital contribution in advancing autonomous driving systems for various automakers. Lastly, the piece highlights the high-speed data transmission capabilities of Nvidia's INFINIBAND, demonstrating significant growth potential compared to traditional Ethernet networks.
Source: YAHOO
Reported 12 months ago
Despite a 0.77% decline in the Taiwan stock market on July 2, financial stocks, driven by merger and acquisition themes and anticipated profits in June, closed in the green against the trend. The financial index continued its upward trend, gaining 4.2 points or 0.2%, marking three consecutive days of increase with a total rise of 1.08% during this period. Several financial stocks, excluding preferred shares, such as Cathay Financial Holding, First Financial Holding, Taiwan Business Bank, and so on, ended the day with gains. Stocks like Fubon Financial Holding, Mega Financial Holdings, and CTBC Financial Holding not only show strong profit performance but also exhibit merger and acquisition capabilities. With funds flowing in, these financial stocks are expected to maintain their upward momentum. Observing technical indicators, the financial index closed at 2,022.71 points on July 2, staying above various moving averages like the weekly, monthly, and quarterly, presenting a bullish trend, with a potential challenge to the intraday high of 2,042.23 points on June 25. The favorable profit outlook for financial stocks in the first three quarters of this year is supported by factors like SWAP transactions, realized stock profits, and the devaluation of the New Taiwan Dollar. Many financial institutions have announced higher dividend payouts, with some offering cash dividend yields exceeding 5%, attracting more investments into the sector. The peak dividend season for financial stocks is expected to last from June to August, indicating a favorable earnings outlook for the sector.
Source: YAHOO
Reported 12 months ago
2024年7月2日，由動腦雜誌和動腦俱樂部舉辦的「2024廣告流行語金句獎」新增了「十大影片文案獎」獎項，大金空調以「齊柏林看見台灣、大金疼惜台灣」榮獲該獎項。這個獎項鼓勵參賽者運用不同溝通工具的創新，大金空調的「大金疼惜台灣」形象影片系列成功喚起對土地的關愛和環保意識。
Source: YAHOO
Reported 12 months ago
The 2024 Guanyin Mountain Bamboo Shoot Season has kicked off, attracting visitors with its lush green landscapes and abundant ecological resources. Known as the 'Green Gem,' the tender and sweet Guanyin Mountain bamboo shoots are considered a top delicacy and are currently being featured in the Guanyin Mountain Bamboo Shoot Season activities, including a one-day bamboo shoot harvesting tour with activities like treasure hunting, bamboo shoot workshops, dining at the BoBo Coffee Restaurant, interactive games, and farm-to-table experiences. Visitors can also enjoy the local cuisine, with restaurants like Biyao Mountain Resort and BoBo Coffee Forest Pavilion offering a variety of chicken dishes and traditional Taiwanese cuisine amidst the beautiful scenery, making Guanyin Mountain a must-visit destination for nature lovers and food enthusiasts.
Source: YAHOO
Reported 12 months ago
Quanta (2385) announced on July 2, 2024, that its June consolidated revenue reached 8.36 billion NTD, with second-quarter revenue hitting 24.67 billion NTD, an 8% increase from the previous quarter. The accumulated revenue for the first half of the year amounted to 47.52 billion NTD, a 1.17% decrease compared to the previous year. Quanta saw strong performance in keyboard and camera module product lines this year, indicating steady growth in laptop-related demand. The company's average salary for non-executive employees ranks high in the industry, demonstrating its reputation as a happy and high-paying employer.
Source: YAHOO
Reported 12 months ago
In Taipei, a survey by FamilyMart revealed that migrant workers visit convenience stores on average once every two days, with their spending per visit being nearly double that of locals. To tap into this market, FamilyMart is creating a migrant worker-friendly environment by offering Muslim food, expanding Southeast Asian product lines online and offline, and collaborating with One-Forty to develop a multilingual communication aid. This initiative aims to double the revenue in the Southeast Asian product section. The collaboration also involves launching a 'Migrant Worker-Friendly Service Program' as revealed by the founder of One-Forty, Chen Kai-hsiang, who emphasized language barriers and religious dietary restrictions as major challenges faced by migrant workers in Taiwan. The joint survey conducted by FamilyMart and One-Forty received over 2,600 valid responses, disclosing the common services used by migrant workers at convenience stores include purchasing food, money remittance, and parcel delivery, with bread, milk, and snacks being the popular food items purchased.
Source: YAHOO
Reported 12 months ago
Former chairwoman of Land Bank, Hsieh Chuan-chuan, will succeed as chairman of Bank SinoPac. The bank recently held a shareholders' meeting for board member elections, announcing on July 1 that the current chairman, Zhang Ming-dao, will retire. The new directors have appointed Hsieh Chuan-chuan, former chairman of Land Bank, to take over as the new chairman. Hsieh Chuan-chuan, with a background starting at Taiwan Bank, has a wealth of experience in enterprise credit and financial investments, making her a versatile professional manager. With her new role, she is expected to consolidate and lead Bank SinoPac's business operations forward.
Source: YAHOO
Reported 12 months ago
Heqin Precision Machinery Co., Ltd. reported a consolidated revenue of NT$196 million for June, representing a 4.54% increase from the previous month and a 22.5% increase year-on-year. The company stated that the shipment of hard drives and automotive parts has steadily increased, leading to revenue growth for 11 consecutive months. With the production of new products in the second half of the year and the traditional peak season effect, Heqin expects its revenue to continue growing.
Source: YAHOO
Reported 12 months ago
Taiwan's major telecommunications companies, Taiwan Mobile, Far EasTone, and Chunghwa Telecom, are seeing success with their respective OTT video platforms. Taiwan Mobile's MyVideo has achieved high viewership and increased new user sign-ups by nearly 50%, while Far EasTone excels in acquiring popular Japanese and Korean drama content, attracting more paying users and a significant increase in free member views. Chunghwa Telecom's Hami Video was ranked as the top domestic preference among users and the number one telecom OTT platform in a recent survey. With the upcoming Paris Olympics, Chunghwa Telecom has secured new media broadcasting rights and will introduce AR augmented reality technology for the first time in Olympic history, aiming to significantly increase its paid users and reach a target of 3 million subscribers. As the summer season boosts viewership for OTT platforms, the telecom giants are expanding their investments in content and international shows to attract more users, competing against global streaming giants like Netflix and Disney+. MyVideo's co-produced drama 'The Bad Kids' has topped the drama category, and the network-exclusive show 'Flower Boys' dominates the program category, with both experiencing a significant increase in views compared to the previous year. Interactive reality shows and concert programs continue to drive traffic, with an increased viewing time and number of views compared to last year. These successes indicate a growing scale for local OTT platforms amidst increased competition and innovative content strategies implemented by the telecom companies.
Source: YAHOO
Reported 12 months ago
Securities News Center July 2, 2024, 4:10 PM * Ex-dividend: Asus, Mornsun, Jianzhun, Hsin Kuang Steel, Taiyi, etc. * Domestic and international conferences: Xinbaba, Yida, Chunghwa Telecom, Wisdom * Stock to watch: Hsin Kuang Steel, Ladder Tech, Solomon, Crystal Vision, Win Han, Ten Source, Anji, Lian Ce, Xuhui Yingcai, Ladder Treasure, Luo Sheng, Sunlink, Yiwei, Lizhou, Xinchuang, Shuang Hong, Rising Tech, Youwei Tech, Youhua, Sunlink Gene, Sheng Yu, Dahi-KY, Tianyang, Junhao, Shang Asia Tech, Xiwei, Weijian Bio, Green Power, Lion King, etc. * Disposal of stocks: Daren, Clouded Leopard Energy, Hongshuo System, Kangquan Telecom, Clouded Leopard Energy I * Reduced loan-to-value ratio by 1% and increased securities lending margin by 1%: Entire Spectrum * Restoration of original loan-to-value ratio and original securities lending margin ratio: Lian Shangfa, Delux, Jiyuan-KY, Xianyi and more Commercial Times reported AsiaPac Electric opens new chapter Far EasTone plays the mountain to become Taiwan's horse Masco Life Science receives investment and cooperation from Japanese businesses
Source: YAHOO
Reported 12 months ago
In response to the new trend of intelligent sports AI, Chaoyang University of Technology, in collaboration with the China Youth Corps and Chang Yu Technology International Co., announced the groundbreaking 'AI Precision Exercise System.' The system, which utilizes advanced big data models, can monitor and analyze users' movements in real-time without cameras or sensors, providing precise feedback and guidance to ensure optimal results for each movement. It also offers personalized training plans, reduces the risk of sports injuries, and creates a new business model by combining the system with the Youth Corps member app, encouraging users to record exercise data and earn virtual currency through activities, promoting a healthier lifestyle through exercise. This innovative system, highlighted as the first of its kind, represents a significant breakthrough in the field of sports technology, providing users with a personalized AI sports coach for a more scientific and safer approach to exercise.
Source: YAHOO
Reported 12 months ago
On July 2, 2024, Tong Zixian, Vice Chairman of the DPP think tank 'New Frontier Foundation for Culture and Education,' pointed out that Taiwan's energy policy is stuck due to the anti-nuclear stance, leading to high costs, poor resilience, and increased air pollution. Despite being questioned on his administration's nuclear policy, President Lai Ching-te did not mention the 'nuclear-free homeland' during his inauguration speech, sparking debates. Tong Zixian, coming from the tech industry, expressed support for nuclear power, stating that a mix of green and nuclear energy is needed to ensure stable power supply in the future to meet demands from industries such as semiconductors, AI, and electric cars.
Source: YAHOO