Reported 12 months ago
A recent securities industry regulations and business promotion course for industry practitioners recently concluded with nearly 200 attendees, including not only audit and compliance personnel but also frontline staff responsible for daily enquiries and entrusted business with clients. The course, planned in three phases for the first half of the year, covered various topics such as business scope relaxation, regulation amendments, information security, elderly client protection, and fraud prevention. With more than 3,000 industry practitioners expected to benefit from the training throughout the year, the initiative aims to enhance market dynamics, resilience, and promote financial service innovation.
Source: YAHOO
Reported 12 months ago
In July 2024, Chen Qidian held a position at an overseas unit of the Ministry of Economic Affairs. In 2023, known as the first year of the generative AI era, the release of ChatGPT surprised many, as AI evolved from simple task execution to complex data organization, report writing, programming, poetry and lyric composition, music composition, image and video creation, showcasing expert-level abilities. This progress led to increased investment and development from companies like Microsoft, Google, Apple, Amazon, and Meta, with scholars comparing the current AI revolution to the industrial revolution. The article discusses three types of machine learning methods—supervised, unsupervised, and reinforcement learning—and emphasizes the need for a balanced approach to harness AI's potential while addressing its challenges.
Source: YAHOO
Reported 12 months ago
In Taiwan, the domestic real estate market continues to thrive in the second half of 2024, boosting construction stocks to a 2.65% increase on July 1st, the highest among various types of stocks. Following the confirmation of dividend policies by listed construction companies, dividend shows are set to take place, with companies like Huakuai (2530) already completing one-day dividend distribution performances. Other companies like Huan Ding (5533), Guo Jian (2501), Hong Pu (2536), and Yong Xin Jian (5508) will follow suit in July. Companies such as Huakuai have seen significant profit growth in the first quarter and have upcoming projects that are expected to generate substantial revenue. The article also mentions the dividend schedules of several other companies in the construction sector for July, illustrating a positive outlook for the industry.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, Shin Kong Financial Holding held an extraordinary board meeting to elect a new chairman, with Wei Baosheng, chairman of Shin Kong Life, being appointed as the new chairman of the financial group following the resignation of former chairman Chen Huaizhou. Wei will also continue to serve as chairman of Shin Kong Life. The company announced three major plans after Wei's appointment, including completing a cash capital increase of NT$12.5 billion, strengthening the capital structure of Shin Kong Financial and its subsidiaries, and focusing on driving transformation, creating new opportunities, enhancing subsidiary profits, deepening cross-selling synergies, improving digital efficiency, ensuring corporate governance, and aligning with international sustainability trends. The appointment was approved by a majority of board members, with only one dissenting vote. Wei, who has over 30 years of experience in the financial industry, has been actively working on improving the efficiency of Shin Kong Life's operations and enhancing its business performance, capital planning, digitalization, product innovation, sales channels, and investment returns since joining Shin Kong Financial last year.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, in Taipei, the Taiwan stock market continued to fluctuate at a high level, with the index reaching a high of 23,187 points before closing with a modest increase of 26 points at 23,058 points. Some funds flowed into traditional industry stocks, with textile stock Jurong (1477) and shipping stock Han Xiang (2634) both rising by 2.61% and 1.12%, outperforming the overall market. Jurong is expected to see double-digit revenue growth in the third quarter and maintain stable gross profit margins, while Han Xiang anticipates continued business growth in the defense, civil aviation, and industrial technology service sectors.
Source: YAHOO
Reported 12 months ago
The Taiwan Stock Exchange Investment Information Center, revamped to version 2.0 on June 28, continues to collect user feedback and consolidate essential data for investors since its launch last July. It aims to be a one-stop information platform for investment decisions, providing integrated investment information through visualized analytical reports and one-click switching between Chinese and English. The update features a new interface with visual analysis reports, enhanced information comparison functions, and enriched trading, statistical, and regulatory data to cater to investors' needs for comprehensive financial information.
Source: YAHOO
Reported 12 months ago
力致力拚今年營收突破百億，加大研發和擴產投資，估全年資本支出將達7.68億元，新莊、越南廠擴產同步進行。公司積極投入研發水冷技術，成立實驗室，預測浸沒式散熱將成未來趨勢，並強調客製化是主打。水冷產能跟進開出，新莊廠預計8月正式投產。力致以適應未來訂單成長為目標，積極擴大生產規模。
Source: YAHOO
Reported 12 months ago
On July 1, 2024, Alibaba.com released a report on 'Small and Medium Enterprises Day' on June 27, revealing that nearly 30% of small and medium enterprises globally tend to use AI tools daily, indicating a recent significant increase in the AI application demand among global small and medium enterprises. The 'AI Business Assistant' tool by Alibaba.com, focusing on common challenges faced by small and medium enterprises in global trade, has attracted tens of thousands of businesses in a short period. The tool aims to help these enterprises improve their product exposure, communication with international clients, and overcome market barriers. Through Alibaba.com's AI tools, surveyed SMEs experienced an average 37% increase in product exposure, leading to more opportunities for new client development and business growth.
Source: YAHOO
Reported 12 months ago
和碩以及長春集團等企業共同開發的AI繁體中文專家模型Project TAME日前宣布開源。此模型強調在地化及產業化，採用開放原始碼形式，供企業免費下載使用。Project TAME透過聯盟合作方式結合產業專家與學界語言模型專業，加速產業生成式AI應用，並實現AI落地。模型訓練成本時間大幅降低，可幫助企業快速發展AI應用，在產品服務、客服等領域進行優化。未來和碩將將此模型應用於工廠並延伸至機器人領域。
Source: YAHOO
Reported 12 months ago
On July 1, 2024, the Taiwan Stock Exchange announced that the total number of stock trading accounts in June reached a historic high of 12.896 million, with a significant increase of 64,572 accounts in a single month. The structure of stock investors in Taiwan continues to get younger, with under 19-year-old accounts increasing by 75% in three years, and those under 30 accounting for 57% of new accounts. With the stock market experiencing significant growth in recent years, especially with a 30% increase in the first half of the year, Taiwan is entering a new era of investment. This shift is evident as more young investors enter the market and the total number of stock accounts approaches one-third of the total population.
Source: YAHOO
Reported 12 months ago
On July 1, 2024, at 4:10 PM, Vietnamese pianist Dang Thai Son conveyed his music through structured sound constructions, blending Vietnamese emotions, thoughts, and societal realities into artistic forms, aiming to uphold the values of innovative music and arts. Born in Hanoi in 1958, Dang Thai Son overcame challenges of war to pursue music, winning prestigious competitions like the Chopin Piano Competition in 1980, becoming the first Asian to do so. His dedication to music heritage and innovative performances have brought him global acclaim, celebrating the fusion of traditional Vietnamese music with modern influences, showcasing the rich cultural tapestry of Vietnam on international platforms.
Source: YAHOO
Reported 12 months ago
Seeking development through mergers is a global trend for enterprises, but the high financial preparation required for mergers may add to the pressure. To alleviate this, the Ministry of Finance in Taiwan allows companies to apply to 'suspend' the payment of land value increment tax obtained through mergers by listing it on their accounts first. This option is available for companies involved in mergers, divisions, or acquisitions transferring land ownership, as long as they comply with relevant laws. However, the tax must be paid when the land is eventually transferred, potentially resulting in double the taxation.
Source: YAHOO
Reported 12 months ago
Taiwan Cement has aligned with the International Financial Reporting Standards (IFRS S1 S2) starting from July 1, 2024, and released its first sustainable and climate-related financial report. The report reveals that Taiwan Cement's revenue from low-carbon cement and concrete products, waste disposal services, energy storage and charging services, and renewable energy trading reached 45.8 billion NTD, accounting for 41.94% of last year's total revenue, resulting in a 30.8 billion NTD increase in sustainable and green financing cash flow. The report also highlights Taiwan Cement's commitment to achieving carbon reduction goals, with emissions intensity decreasing by 8.1% compared to the 2016 baseline year, and a pledge to reach net-zero by 2050 in alignment with the Paris Agreement. Taiwan Cement's sustainable report emphasizes a transition towards a low-carbon future, engaging in various initiatives to promote sustainable practices and carbon reduction knowledge.
Source: YAHOO
Reported 12 months ago
Securities News Center compiles on July 1, 2024, at 4:10 PM: Shareholders' ad hoc meeting: Tianhan* Ex-dividend and bonus: UMC, Winbond, ITEQ, ASMedia, Hon Hai, Foxconn, and Antai etc.* Domestic and foreign investor conferences: Ruentex Materials, Quanta, Chunghwa Telecom, and Fubon Financial* Stocks to watch: Himake, Raytron, Solomon, Kuen-Ying, Ming Wai, Sunway, Grand Memory, Taisol, Lian Jyun, MasterPower, Ying Han, Sitronix, Hong Guan, Powertech, Sunrace, RayStar, Galanz, and Kowloon etc.* Disposing of stocks: TrendForce-DR, Realtek, REC, and Yunpan Power* Lowering margin trading ratio by 1% and raising short selling margin by 1%: Tiens-Tech, Tien Yow Electric* Reverting to original margin trading ratio and short selling margin: Wanhao, Business Times reports more on the trading confirmation platform for derivative products to go online next year, China and Switzerland are planning to connect stock markets, and CSC adjusting domestic prices favoring opening lower.
Source: YAHOO
Reported 12 months ago
Longen, aiming for the potential business opportunities after the passage of the 'Regenerative Medicine Dual Law' on July 1, 2024, continues to provide CDMO services and collaborate with 19 medical institutions in addition to approved autologous cell therapy technologies such as ADCV, CIK, and Gamma Delta-T. They have also actively invested in allogeneic cell therapy, with a strong focus on critical illnesses. With a significant increase in monthly and half-yearly performance, Longen's total revenue in June was NT$62.12 million, a year-on-year growth of 8.4%, and NT$342 million in the first half of the year, a 23% annual increase.
Source: YAHOO
Reported 12 months ago
Amazon's official website in China announced on June 30 that Kindle China's e-bookstore ceased operations on June 30 of the previous year, with cloud download services stopping on June 30 this year. Undownloaded e-books will no longer be accessible, and Kindle customer service also ended on the same day. Following Lonely Planet, Amazon China becomes another foreign company to end its business in China, disappointing many mainland Chinese netizens who expressed nostalgia for their first Kindle e-reader. Kindle entered China officially in 2013 and reached its peak in 2018 with over a million units sold. However, the rise of Chinese brands like KDX, Huawei, Boyue, Wexler, and WeChat competed with Kindle, impacting its market share.
Source: YAHOO
Reported 12 months ago
最近，NVIDIA在高雄軟體園區成立了「Taipei－1 AI超級電腦先進算力中心」，不僅推動「亞洲新灣區」的投資熱潮，也對高軟園區的營運帶來了積極影響。根據經濟部產業園區管理局的數據，高軟一期營業額今年1至4月增長了33.4％，並且高軟二期也受到高度關注。高軟園區各產業在AI帶動下表現亮眼，尤其在資訊軟體、數位內容和智慧應用領域呈現出成長的趨勢，顯示未來營運有望繼續展現良好表現。
Source: YAHOO
Reported 12 months ago
Chen Yiguang, Chairman of First Financial Investment Management, provided market analysis mentioning the US May PCE inflation rate falling as expected, leading to a possible slowdown in economic growth. The Federal Reserve left rates unchanged, indicating a potential interest rate cut in the future for economic support. As US stock market performed well in June, with historical trends suggesting positive July results, the focus remains on Q2 financial reports and selecting financially strong stocks for investment.
Source: YAHOO
Reported 12 months ago
To beat the heat and crowds during the summer holidays, people in Taiwan are browsing the Central Bank's digital museum of currency and coins, gaining knowledge while passing time. The Central Bank has launched an online special exhibition on the theme of 'Sports Paradise' to coincide with the Olympic fervor in 2024, showcasing 50 pieces of banknotes and coins related to classic sports events and athletes. This exhibition will run from July to the end of June next year, offering insights into sporting venues, athletes, and Olympic history through numismatic artifacts.
Source: YAHOO
Reported 12 months ago
Economic data fluctuations have affected market sentiment, leading to short-term stagnation in risk bonds. Statistics up to last week ending June 26 revealed a net inflow of $1.84 billion in investment-grade bonds, a momentum growth to $790 million in emerging market debt, and a continuous outflow of $360 million in non-investment-grade bonds. With the Fed maintaining high rates and economic data slowing in the US, there's uncertainty despite the cooling economy. As Fed officials downplay rate cut expectations, the bond market remains stable, albeit with policy uncertainties. Multiple factors suggest both positive and negative dynamics for the US economy, impacting investment strategies across various bond categories.
Source: YAHOO
Reported 12 months ago
Chen Jianyu / Kaohsiung reported on July 1, 2024, at 4:10 pm, CSC's total shipping volume in June reached 916,000 tons, exceeding the target by 21,000 tons, marking the end of the previous two months' decline and indicating a promising revenue performance in June. CSC accumulated a shipping volume of 5.628 million tons in the first half of the year, with a 1.22% year-on-year increase. Despite only a slight growth compared to the same period last year, CSC's revenue and profit performances are solid, maintaining a positive trend. The company emphasized stable domestic and export sales as key drivers for the stable revenue. With a shift towards high-value specialized steel production, CSC's focus is no longer solely on shipping volume.
Source: YAHOO
Reported 12 months ago
Luxury imported cars continued to be delivered in large quantities in June, contributing to a total of 41,600 new car registrations for the month in the automotive market. Notably, Tesla led the market with 3,898 registrations, claiming the second-largest brand spot, while Lexus, Mercedes-Benz, and BMW followed in third to fifth places. The luxury car segment saw a 15.6% year-on-year growth, reaching a market share of 33.1%, a record high. In the electric vehicle market, Tesla's Model Y and Model 3 led the sales with over 3,800 registrations, marking a significant milestone in Taiwan's EV history. Overall, the local car market recorded a slight decline of 1% compared to the previous year, with industry analysts projecting a total market size of 450,000 vehicles for the year based on the first half's sales performance.
Source: YAHOO
Reported 12 months ago
Google, along with BlackRock, announced on July 1, 2024, their investment in Taiwanese solar energy developer Ngexis Power (NGP) to build a 1GW solar power project. In addition, Google plans to procure up to 300MW of solar energy through Power Purchase Agreements (PPAs) to support its data centers, Google Cloud, and office operations in Taiwan. This move is part of Google's decarbonization goal to transition to using carbon-free energy sources by 2030.
Source: YAHOO
Reported 12 months ago
Taiwan's Health Minister, Chen Shih-chung, announced plans to gradually raise the value of National Health Insurance fee points to around 0.92-0.93 from the current 0.9, in response to demands from the medical sector. The adjustment process will involve reforms in healthcare policies and budget allocations, aiming to enhance medical resources without imposing additional burdens on the public. Proposed amendments by legislators seek to raise the fee points to the maximum cap of 1.1. The Ministry of Health has started deliberating on funding sources and anticipates an increase of over 133 billion NTD by reallocating certain expenses and enhancing budget management.
Source: YAHOO
Reported 12 months ago
The government is fully committed to preventing housing speculation, as the Agricultural Finance Division of the Ministry of Agriculture recently announced that the 'Agricultural Housing Loan for Youth Residing' will follow the revised loan principles of the New Youth Housing Loan and enhance the loan management mechanism. Borrowers are now limited to one loan application and must sign a declaration agreeing to reside in the purchased property. This loan, in effect since October 2023, is managed by agricultural financial institutions and offers an interest rate subsidy, similar to the New Youth Housing Loan. The loan amount, loan-to-value ratio, and interest rate of this loan are all comparable to the New Youth Housing Loan, with the program aimed at promoting housing justice, preventing housing speculation, and assisting young people in purchasing homes.
Source: YAHOO