Reported 11 months ago
The Financial Supervisory Commission in Taiwan announced three major relaxations for e-payment services, which will be implemented in the fourth quarter. The changes include expanding the scope of automatic deduction without a specified amount, allowing e-payment binding for platforms like food delivery, taxis, and parking services, and permitting outsourced operations to utilize cloud services. These adjustments aim to meet the increasing demand for contactless transactions and accommodate the expanding e-payment industry, facilitating various payment options for consumers.
Source: YAHOO
Reported 11 months ago
The U.S. Federal Reserve announced that large American banks have passed this year's stress tests, showing their ability to continue lending to the public and businesses even in severe economic downturn scenarios, albeit with larger losses compared to last year. The tested banks, including JPMorgan Chase, Goldman Sachs, American Express, and regional bank Truist, are expected to announce updated dividend and share repurchase plans. Despite facing higher estimated losses in credit card businesses, increased risks in corporate lending, and lower expected income, all banks maintained capital levels above the minimum requirements. This annual stress test is aimed at predicting the health of the banking system, with underperforming banks facing restrictions on shareholder dividends and bonuses. The successful results this year allow banks to avoid such restrictions and opposition to proposed increases in capital requirements by regulatory authorities, following a series of regional bank closures last year. The Federal Reserve found that banks could withstand a repeat of the 2023 deposit crisis or a potential storm from hedge funds, with the possibility of large banks collectively losing up to $85 billion if five major hedge funds collapse.
Source: YAHOO
Reported 11 months ago
Taijiu Science (3532) held a shareholder meeting on June 27, announcing the election of a new board of directors. Former Chairman Lin Chien-nan passed the baton to Guo Wenbi. The company's performance in the second quarter is expected to surpass the first quarter, with improvements expected in the second half of the year. With the completion of the new 12-inch plant in the first half of 2024, Taijiu Science will introduce advanced technology from Japan's SUMCO, increasing production capacity and expanding into new markets to enhance company performance. Additionally, the company is focusing on AI integration and new semiconductor research and development, utilizing AI for process optimization under the guidance of CEO Wang Wenyuan. Despite a weak first quarter due to subdued demand in the automotive, mobile, and computer markets, Taijiu Science expects growth in the second quarter, anticipating better performance in the second half of 2024 compared to the first half.
Source: YAHOO
Reported 11 months ago
Netdragon, a game development company under the GigaMedia Group, has concrete progress in expanding its overseas market in the second half of 2024. They will enter Southeast Asia in the third quarter and return to mainland China in the fourth quarter. Their blockchain mobile game 'Eating the World - Multiverse' will launch in Southeast Asia in Q3, featuring a unique gameplay that emphasizes earning while playing. Additionally, in Q4, they will introduce the game 'The Heroes of Huang Yiguan: Rebirth' in the Chinese market. This move signifies their strong focus on international markets and strategic partnership collaborations for innovative game development.
Source: YAHOO
Reported 11 months ago
台灣證券交易所表示，正瀚-創（6534）自去年12月21日上市至今已滿6個月，符合相關規定，自6月28日起可進行融資融券交易。這意味著正瀚-創將正式開放信用交易，另有報導指出，外資對於該股情有獨鍾。
Source: YAHOO
Reported 11 months ago
In Taipei, on June 27, 2024, Regent Group officially entered the premium office market with the opening of the 'Chiayi Fucome Voco Hotel,' dubbed as the 'Chiayi 101,' and the 'Regent Innovation Office Building.' The monthly rent for the 'Regent Innovation Office Building' is priced over a thousand Taiwan dollars per ping, expected to become the highest-priced indicator in the area. Regent Group Chairman Wu Bao-tian is optimistic about the upcoming presence of TSMC in the Nankou Chiayi Science Park and the commercial office demand brought by the surrounding supply chain. Several tenants have already signed contracts, with formal occupancy expected in the second half of the year. The group also highlighted the total investment of 3 billion NTD in the Chiayi Fucome Voco Hotel, featuring a 33-story building where floors 8 to 15 are designated for the 'Regent Innovation Office' for external lease, with a monthly rent starting at 1,270 to 1,420 NTD per ping.
Source: YAHOO
Reported 11 months ago
The Central Committee of the Communist Party of China has announced that the 20th Third Plenary Session will take place in Beijing from July 15 to 18, focusing on deepening reforms and advancing Chinese-style modernization. This session is significant as it is scheduled nearly a year later than usual, leading to speculation about internal disagreements within the CPC or challenges in post-pandemic economic recovery. Analysts anticipate that the meeting will unveil various reform measures, including public service and social security reforms, as well as policies to enhance innovation, improve market openness, and support private sector growth.
Source: YAHOO
Reported 11 months ago
Agnes b.與其兒子Etienne Bourgois共同創辦TARA海洋科學考察基金會，帶來45幅珍貴影像在遠東百貨信義（A13）1樓展出名為「Sailor’s eyes：TARA探險員視界」的攝影展，展示TARA探險船員們在過去20年的保育探索航程中所拍攝的作品，以喚醒觀展者對保護海洋的意識。
Source: YAHOO
Reported 11 months ago
According to the latest statistics from the real estate industry, driven by the warming property market in April, the number of property transfers for buildings across Taiwan reached 34,900 in May, marking a 26% year-on-year increase and setting a new monthly record in nearly 29 months. Analysts attribute this surge to the strong performance of the stock market, boosting confidence and purchasing power among homebuyers, optimistic expectations on housing prices, and government initiatives such as the New Immigrant Housing Scheme, which have encouraged young people to buy homes and start families, leading to an overall uptick in property transactions.
Source: YAHOO
Reported 11 months ago
Since the opportunity provided by the Taiwan Stock Exchange's Innovation Board Capital Market in June 27, 2024, Mutual Esteem Corporation's Chairman Xuan Mingzhi led senior executives to seek advice, aiming for innovative business models in medical equipment design, development, and manufacturing to accelerate fundraising and technology development in alignment with national policies for timely product market qualifications. Co-founder and CEO of Mutual Esteem, Guo Jiayong, served as a guest speaker at the Taiwan Stock Exchange's event 'Navigating Innovation Capital, Creating Unicorns Tomorrow' on June 27. The company envisions the next decade focusing on 'We Make Medical Device AI and Smart', planning to expand into the fields of 'remote', 'smart', and 'wearable' by collaborating with Taiwan's excellent engineering and sales teams, partnering with brand distributors domestically and internationally, and providing comprehensive technical support to the healthcare industry for maximizing shareholder and investor benefits. For more information, visit Mutual Esteem Corporation's official website: https://www.hukuibio.com
Source: YAHOO
Reported 11 months ago
Big City Real Estate (6171) reported an EPS of 2.48 yuan last year, with a shareholders' meeting held on June 27, 2024, where a dividend of 1.5 yuan per share was approved and a full board election took place, re-electing Lai Yuanzhao as chairman. Looking at the housing market in the second half of the year, Lai expressed cautious optimism due to the abundance of market speculators and public interest in buying property to hedge against inflation. Big City introduced the 'Big City Light Years' presale project in the Beitun MRT Special Zone in the first half of the year, generating good sales, and is now set to launch the 'Big City Zhiqiu' joint construction project with total sales of 4.2 billion yuan in July to seize the market. With a total sales amount of 7.7 billion yuan from two new projects this year, Big City is preparing for future revenue. Its subsidiary construction agencies, including Big City Real Estate, Big City Construction, and Daying Construction, are optimistic about the buying momentum in the housing market in the second half of the year, planning to release three new presale projects in the third quarter, all focusing on the Beitun District of Taichung City.
Source: YAHOO
Reported 11 months ago
The latest economic situation released by the National Development Council on June 27th shows that the comprehensive judgment score for the May economic indicator remains at 35 points, the same as April. The economic indicator has continued to display the second yellow-red light of the year. Various indicators such as the demand for AI applications have led to a positive trend in production, machinery, and electrical equipment imports, while exports remain strong. Domestic economy has been steadily recovering. However, external factors such as global economic recovery, currency policies of various countries, and the upcoming U.S. election in the second half of the year may impact Taiwan's economy.
Source: YAHOO
Reported 11 months ago
The Taiwan Excellent Food Development Association (TQF) celebrates its 30th anniversary with a theme of 'Thank you for being with us as we turn 30,' holding a '30th Anniversary Celebration' at the Taipei International Food Show. Witnessed by officials from various government departments and past chairmen, TQF announces its transition from a purely verification service organization to a 'diversified technology service organization.' Through collaborations with the Japan Food Safety Management Association (JFSM), agreements were signed to promote sustainable development in the food industry and provide international-level environmental hygiene management guidance for domestic food companies. By integrating international resources and signing partnerships with JFSM, TQF aims to advance Taiwan's premium food products globally. TQF establishes a mutually recognized standard with JFSM, reducing duplicate audits for Taiwanese and Japanese food businesses and facilitating bilateral food trade opportunities.
Source: YAHOO
Reported 11 months ago
威剛科技歡慶23周年，推出「永續A計畫」，全體員工積極參與綠色減碳行動，營造永續企業文化。公司除了更新品牌標語，更展開全球造林計畫，在台灣及全球各地種下5,000棵樹，守護生態環境。威剛透過「綠色行動倡議All 4 Green」方案，將永續思維融入營運每個環節，以友善環境的綠色計畫展現企業永續願景。
Source: YAHOO
Reported 11 months ago
The new chairman of the Taiwan Machinery Association, Zhuang Dali, plans to seek opportunities in Mainland China to cope with the decline in orders, as Taiwan's machinery industry faces challenges such as exchange rate fluctuations, export restrictions, and competition from Japan due to currency depreciation. Zhuang aims to negotiate with the China Machinery Industry Federation to allow Taiwanese companies to participate in the replacement of manufacturing equipment in Mainland China, amidst concerns of dwindling orders which currently stand at only half of normal levels and one-third of peak levels.
Source: YAHOO
Reported 11 months ago
Taiwan Mobile once again applied to NCC for an extension on the deadline to return excess spectrum, but the request was rejected by the NCC commission on June 27th. With the countdown to the June 31st deadline for returning 10MHz of excess spectrum approaching, the outcome is highly anticipated. Taiwan Mobile has indicated that the lawsuit is ongoing and will continue to communicate with the NCC and the National Communications Commission on this matter. Taiwan Mobile is facing penalties for non-compliance, with potential fines of up to 30 million NT dollars and a maximum penalty of 5 million NT dollars if the excessive spectrum use continues after July 1st. Last year, the NCC allowed Taiwan Mobile to merge with Taiwan Star and Far EasTone to correct excess spectrum by the end of June this year. Taiwan Mobile has yet to return the 10MHz of excess spectrum below 1GHz.
Source: YAHOO
Reported 11 months ago
The National Development Council (NDC) officials have identified the imbalance between the traditional industry's slow recovery and the strong performance of AI technology applications as a hidden pressure on the economy this year. They advise both traditional and tech companies to stay vigilant regarding the variables of US consumption, European economy, and Japanese inflation. While high-tech industries continue to thrive, traditional industries are slowly catching up, showing positive signs like inventory reduction, increased production, and improving business climate tests. The NDC emphasizes the impact of the Chinese economy on Taiwan's traditional industries, urging attention to issues like overcapacity and reduced consumption in China. Despite some positive indicators and firm confidence in the economy, uncertainties like global monetary policies and increasing trade conflicts among major countries still pose threats to recovery in the latter part of the year.
Source: YAHOO
Reported 11 months ago
Investment-grade bonds in Taiwan have seen 20 consecutive weeks of net inflows, resulting in the creation of seven domestic bond ETFs with assets over a billion NT dollars each. This trend is attributed to the historically high bond yields following the significant interest rate hikes by the US Federal Reserve, making bond market investments more attractive. The total assets of these eight bond ETFs amount to over 1.2 trillion NT dollars, nearly half of the total bond ETF market, making them the most popular choice for investors.
Source: YAHOO
Reported 11 months ago
The Executive Yuan approved next year's government administrative calendar, totaling 115 holidays. There will be 6 extended holiday periods of 3 days or more, including the Lunar New Year (9 days off), 228 Peace Memorial Day (3-day break), Children's Day and Tomb Sweeping Day (4-day break), Dragon Boat Festival (3-day break), Mid-Autumn Festival (3-day break), and National Day (3-day break). The article also mentions previous adjustments to reduce workdays after long holidays, with 2023 having 6 makeup workdays. 2025's calendar will also have 115 holiday days, with next year's Lunar New Year holiday lasting 9 days.
Source: YAHOO
Reported 11 months ago
According to the latest real estate agency survey on June 27, 2024, the total amount of new projects in the northern metropolitan area surpassed 763.78 billion NTD in the first half of the year, setting a new record for the same period. Experts anticipate that the market has a chance to challenge a new high of 1.3 trillion NTD for the entire year. The housing market is experiencing strong demand and record-breaking performance in terms of price and volume. The collaboration between the Taipei City Government's Department of Land and the Taipei Real Estate Appraisal Association has led to the creation of four major indices – residential sales, residential rentals, residential presales, and commercial offices, all of which have surged to new heights in the first quarter.
Source: YAHOO
Reported 11 months ago
With the substantial procurement of wind power in Taiwan, national banks are seizing the opportunity, particularly led by CTBC Bank, which handled a specialized financing consortium of over NT$410 billion by the end of last year. The green energy development, amidst intensified climate change and environmental transitions, continues to attract attention. Banks are actively involved in renewable energy-related investment and financing cases, taking independent pricing based on individual circumstances. The importance of 'green finance' has surpassed that of gold, particularly with Taiwan's implementation of carbon fees and the EU's Carbon Border Adjustment Mechanism, posing challenges and requiring companies to reassess production costs.
Source: YAHOO
Reported 11 months ago
The Consumer Confidence Index (CCI) in June had a total index of 72.69, increasing by 0.49 from the previous month. While most of the sub-indicators improved, the indicator for 'timing to invest in stocks in the coming six months' was the only one that decreased slightly, reflecting a heightened risk awareness among investors. The survey also revealed cautious optimism regarding the domestic economy and household financial conditions. However, concerns about inflation and export markets like the US and mainland China may impact future economic outlook.
Source: YAHOO
Reported 11 months ago
After Uni-President Group reclaims Eslite at Xinyi on June 27, 2024, they plan to develop a new mall called Dream Plaza. Apart from establishing Taiwan's first flagship Starbucks store, the future will also see the first physical bookstore of Eslite. Uni-President Beauty Business Chairman Gao Xiuling confirmed Eslite's entry, stating that it was his idea. The store aims to provide a serene space at Xinyi Dream Plaza for those transitioning from online to offline, indicating that it will offer a different setting compared to Eslite's previous entity. The store is scheduled to open next year, featuring various amenities including a supermarket on the ground floor.
Source: YAHOO
Reported 11 months ago
The US will release the Personal Consumption Expenditures (PCE) price index for June on the 28th, with a slight slowdown in April at 2.65% compared to March's 2.7%. Market estimates suggest a further slowdown in May, while strong US dollar flow towards US assets sacrifices other non-US currency financial markets. Foreign banks analyze that based on economic indicators, labor market indicators, and recent actions by the Federal Reserve, the US has a higher probability of a soft landing in the second half of the year rather than no landing or a hard landing. Standard Chartered Bank predicts a 55% chance of a soft landing, 25% chance of no landing, and 20% chance of a hard landing over the next 12 months, citing factors like decreasing inflation, potential interest rate cuts, reduced labor shortages, stable balance sheets, and boosted household spending from real estate and stock gains. Recent cooling of inflation and labor market trends indicate a continued slowdown, further supported by the unexpected Fed decision in May to slow the pace of asset balance sheet reduction. Expectations point towards a cautious approach by the Federal Reserve towards easing monetary policies to combat persistently high inflation levels and signal potential rate cuts later in the year. HSBC also notes lowered risks for bond yields increasing further, with potential rate cuts coming in the following year.
Source: YAHOO
Reported 11 months ago
Micron, a leading memory manufacturer, reported better-than-expected financial results in the last quarter with prices of DRAM and NAND continuously increasing, indicating the upward trend in memory prices expected to continue until the end of 2024, with capital expenditures for the year around 8 billion USD, surpassing the original estimate of 7.5-8 billion USD. The trend is expected to benefit Taiwanese module manufacturers like Unigroup, ADATA, Wistron, Phison, and backend testing company ASE. Micron's revenue in the last quarter was 6.8 billion USD, and it is anticipated that the memory price hike trend will persist until the end of 2024 due to the growing demand driven by AI applications.
Source: YAHOO