Reported about 1 year ago
Cathay United Bank is dedicated to improving the financial health of the population and has been internationally recognized for its efforts. Winning the 'Social Empowerment category' at the Asia Responsible Enterprise Awards organized by Enterprise Asia, the bank emphasized the importance of monitoring financial health regularly to meet individual needs at various life stages. By providing free online financial health assessment tools and releasing the '2023 Taiwan National Financial Health Key Report,' the bank aims to help people plan effectively and enhance their financial well-being.
Source: YAHOO
Reported about 1 year ago
High-interest rates have caused a slowdown in the housing market, prompting a leading decking manufacturer, Trex, to invest $450 million in expanding production capacity in Arkansas. They are focusing on the Sunbelt market and using recycled materials to produce advanced composite decking materials. Despite a decrease in consumer renovation budgets, Trex believes homeowners will opt to expand their existing homes rather than move, anticipating a resurgence in the renovation market when interest rates drop.
Source: YAHOO
Reported about 1 year ago
Summer vacation is set to begin on July 1, 2024, with many parents and students already preparing their travel plans. Optimism surrounds the card swipe amounts for this year's July and August, with chances of surpassing last year and potentially exceeding the 2022 summer holiday, setting a new record high. Various banks anticipate significant growth in card swipes during the summer season, particularly in categories such as travel, dining, and online shopping.
Source: YAHOO
Reported about 1 year ago
The Taiwan Small Hydropower Green Energy Industry Alliance is organizing a small hydropower generation technology course (Part 1) on July 12th in Taichung to promote the purest and pollution-free small hydropower generation industry. The course will incorporate Japanese professional teaching materials and feature lectures by Chairman of Taiwan Small Hydropower Green Energy Industry Alliance Hung Cheng-chung, Professor Chen Rong-sung of the Civil Engineering Department at National Chung Hsing University, and Dr. Huang Chih-wei, former Deputy Director of the Water Development Center at Feng Chia University. The alliance was established in 2021 to advance the development and technical improvement of the private sector in this industry.
Source: YAHOO
Reported about 1 year ago
As reported by Nikkei News on June 30, 2024, the Japanese Yen has hit a nearly 38-year low against the US Dollar, leading to higher prices for imported goods and energy. This has resulted in the Japanese Yen's purchasing power reaching an all-time low, only a third of its peak period. Experts estimate that Japanese consumers now need to spend an additional ¥90,000 (approximately NT$18,200) annually on related products. The yen also weakened against other currencies, hitting historic lows against the Euro and Australian Dollar. Despite the government's efforts to combat price increases, households are facing increased expenses, potentially dampening consumer spending and affecting the economy.
Source: YAHOO
Reported about 1 year ago
As of June 30, 2024, Counter Trade Center celebrates its 30th anniversary by organizing various sustainability activities to encourage employees to learn about the environment and culture through experiential learning, aiming to enhance their sustainability awareness. Since 2022, the center has been sponsoring Guandu Nature Park for wetland environmental management to protect the diverse wetland environment and stabilize the habitat for birds. On June 29, employees and their families participated in environmental service activities at the park and visited Qibai Lin Space to experience environmental education programs, highlighting the importance of caring for the land. Counter Trade Center not only supports corporate sustainability but also continues to enhance employee awareness through diverse sustainability activities, intending to make sustainability actions a daily habit and empower employees to take sustainable actions in their daily lives.
Source: YAHOO
Reported about 1 year ago
The Asia Biotech Conference in 2024, chaired by Li Zhongxi, featured about 900 exhibitors and over 2,200 booths, marking a record scale. The event showcased the CDMO trend sparked by Roivant Sciences' acquisition of a US pharmaceutical company, and advancements in Next-Generation Sequencing (NGS) and regenerative medicine. Discussions focused on global biotech opportunities with forums on innovation, investment, and regional cooperation. Notable companies like Yuyan and Genon-Bio are raising Taiwan's international visibility. Various sectors, including CDMO, regenerative medicine, precision medicine, and new drug and medical device manufacturers, participated in the event exhibiting their contributions to the industry.
Source: YAHOO
Reported about 1 year ago
As the stock market heats up in Taiwan, attracting a surge of investors, particularly young individuals looking to make their first fortune, this article reveals investment targets and money-making strategies for newcomers without prior experience and limited capital. Categories range from stable investments like bonds, ETFs, and regular stock purchases in US and Taiwan markets to more aggressive approaches such as short-term trading of individual stocks, convertible bonds, day trading, stock index futures, stock futures, and options trading. Notable figures in the market include the legend Zhang Jun'an, known for his successful investments in cyclical stocks, and prudent investors like Hu Bide who prefer regular investments in leading technology stocks. Riskier strategies like day trading are also popular among young adults, though caution is advised due to the potential for high risk and losses from defaulting transactions.
Source: YAHOO
Reported about 1 year ago
The housing market is experiencing a shortage in supply with a significant decrease in pending inventory. According to statistics, the overall market's pending inventory, including new and existing homes, is approximately 221,000 units, a decrease of 52,000 units compared to the previous year. This trend of diminishing inventory has led to a shift towards a seller's market, impacting housing prices. Various factors such as policy changes, increased demand, and market confidence have contributed to this imbalance in supply and demand.
Source: YAHOO
Reported about 1 year ago
The weakening yen not only fuels tourism in Japan but also attracts many manufacturers back to Japan to establish production lines, as the advantageous exchange rate increases export competitiveness. Companies in various industries, such as cosmetics and rice, are moving manufacturing facilities back to Japan to leverage the favorable currency exchange rate, aiming to reduce costs and enhance the competitiveness of their products in overseas markets. This shift reverses the trend since the 1990s, where a strong yen led to the migration of manufacturing out of Japan, with Japan now being seen as a cost-effective manufacturing base attracting global companies seeking competitive production locations. Examples include Cosmax, a Korean cosmetics contract manufacturer, setting up its first factory in Japan by 2025 to cater to Japanese customers and potentially export to Korea, China, and Western markets, and JVC Kenwood transitioning all production lines back to Japan from the US.
Source: YAHOO
Reported about 1 year ago
On June 30, 2024, at 4:10 PM, to benefit more patients and cultivate new surgical talents, the Tzu Chi Liver and Gallbladder Medical Research Foundation announced that they will officially donate a Da Vinci surgical system to the National Taiwan University Hospital Cancer Center branch in September 2024. A donation ceremony was held on June 21. The Foundation aims to help advance cancer treatment in Taiwan, and with this new system, it is estimated that 500 advanced Da Vinci minimally invasive surgeries can be performed annually, benefiting patients and contributing to the development of surgical talents at the hospital.
Source: YAHOO
Reported about 1 year ago
Taiwan's stock market saw a significant increase of 5,101 points in the first half of the year, with a 28.4% rise. Looking ahead to the second half of the year, experts suggest monitoring three aspects in July: foreign futures short positions, trends in the US stock market, interest rate cut expectations, and corporate profit perspectives. The index is expected to fluctuate between 22,000 and 23,800 points in July, with optimism for reaching new highs by year-end. Market fluctuations are anticipated due to factors like external influences, monetary policy announcements, economic data releases, and corporate earnings reports in the coming months.
Source: YAHOO
Reported about 1 year ago
On June 30, 2024, at 4:10 p.m., Assistant Professor Zhu Xunqi of Yuan Ze University's College of Management discussed the active adoption of AI tools by individuals and businesses in the global AI trend, emphasizing the importance of direction and marketing strategy for AI developers and the need for understanding market demands for AI tool users. Examining the Top 10 ChatGPT applications of June 2024, the article highlights successful applications' focus on target customers, problem-solving, simplicity, and functionality stemming from GPT technology's potential. The key steps and principles for developing LLM-based products include defining clear goals and user needs, selecting suitable technology like GPT-4 or Gemini, ensuring data quality, providing intuitive user interfaces, continuous testing, and adhering to legal and ethical standards.
Source: YAHOO
Reported about 1 year ago
Nanshan Life Insurance, with over 60 years of experience in Taiwan, won the 2024 Asia Responsible Enterprise Awards in the Health Promotion and Corporate Sustainability Reporting categories for their innovative 'Mommy Care Service' and 2023 Sustainability Report. This marks the sixth consecutive year that Nanshan has been recognized for its sustainability efforts among international enterprises. In response to Taiwan's aging population, Nanshan introduced the 'Mommy Care Term Insurance' tailored for women and infants. They continue to improve sustainable reporting practices and align with various international frameworks for disclosure, demonstrating a commitment to a sustainable future.
Source: YAHOO
Reported about 1 year ago
South Korea's SK Group announced that its memory manufacturer, SK Hynix, will invest approximately $75 billion by 2028 to strengthen the chip business, with a focus on AI development. The investment will mainly be directed towards High Bandwidth Memory (HBM), AI data centers, and AI voice assistants. SK Hynix recently reported a significant revenue increase in the first quarter, attributed to the high-profit HBM chips.
Source: YAHOO
Reported about 1 year ago
Fubon Global Key Semiconductor Fund Research Team anticipates the global interest rate cut cycle in conjunction with stable US interest rates, leading to impressive performances in global stock markets this year due to loose capital flow. The semiconductor industry, with its high capital expenditure threshold, experiences cost reduction benefits during periods of declining lending costs, showing superior performance compared to global stock and bond markets. Fubon Investment will launch Taiwan's first active semiconductor fund 'Fubon Global Key Semiconductor Fund' on July 1, focusing on growth opportunities in the semiconductor industry by selecting promising semiconductor enterprises utilizing the A.C.T. advantages: Active management, Core advantage in the semiconductor technology field, and Team expertise in semiconductor research and investments.
Source: YAHOO
Reported about 1 year ago
Chen Feng-feng, General Manager of Citic Securities Investment Consulting, analyzed the market on June 30, 2024, at 4:10 pm: With Taiwan's stock market surpassing 23,000 points on June 28 and being one of the strongest indices globally, especially driven by tech giants like TSMC, Foxconn, and MediaTek, who are related to the AI supply chain and NVIDIA. The article emphasizes the importance of stable fundamentals, low inventory risks for tech stocks, and cautions against excessive leverage and potential market risks in the future, with upcoming events like the US Treasury issuing bonds in the third quarter and positive factors like the anticipation of Fed rate cuts and increased shipments in the AI supply chain in September. Investors are advised to focus on stable positions and avoid speculative investments.
Source: YAHOO
Reported about 1 year ago
On June 30, the Chinese National Bureau of Statistics released the official Purchasing Managers' Index (PMI) for the manufacturing sector for June, which remained unchanged at 49.5 from the previous month. Despite meeting market expectations, staying below 50 for two consecutive months indicates a slow economic recovery. The data revealed declines in production and new orders, reflecting insufficient market demand, while factors like falling commodity prices and weak demand affected input and output prices. Experts suggest that although manufacturing is expanding, future economic growth faces downward pressure due to lackluster demand. Additionally, the Non-Manufacturing PMI for June was reported at 50.5, below expectations and declining for the third consecutive month, signaling a slowdown in the overall service industry momentum.
Source: YAHOO
Reported about 1 year ago
Cheng Yuping / Taipei reported on June 30, 2024, at 4:10 pm, the debut of the ESG 30 (00928) ETF on the OTC market, which is the first pure OTC ESG concept stock ETF. Its tracking index underwent quarterly adjustments on the 1st, adding three stocks including Walsin (3105), WideTek (6188), and Wanshun (6187) in the electronics industry category. With the rapid growth of the domestic ETF market, ETF products have been highly favored by investors. Investing in the ESG 30 ETF of ChinaTrust OTC Market is equivalent to diversifying investments among OTC stocks with excellent sustainable development performance, saving time for investors to evaluate the ESG performance of numerous companies in the capital market. The OTC Market Center recommends that investors utilize the ESG 30 ETF of ChinaTrust OTC Market, which combines market value appreciation potential, well-structured constituent stocks, and high ESG scores, seizing the opportunity for sustainable development and corporate profit ETF investments. The OTC Market Center aims to promote more sustainable index products, guiding investors to exert sustainable influence through investments, providing investors with more quality choices to grasp trends in sustainable investments.
Source: YAHOO
Reported about 1 year ago
AI server demand remains strong with TrendForce estimating the total share of AI server shipments to rise to 12% this year. In order to enhance energy efficiency for AI servers, leading power semiconductor manufacturer Infineon has introduced a new 400V Silicon Carbide (SiC) MOSFET product lineup to meet the high power demands of AI GPU platforms, thereby improving the efficiency of AI data center operations. TrendForce's latest research indicates that the main driving force for global server shipments in 2024 is still dominated by American CSP, with an estimated annual growth rate of approximately 2.05%; meanwhile, the focus remains on deploying AI servers, accounting for about 12.1% of shipments. Infineon's new power solutions aim to address the increasing power requirements of AI processors and are expected to drive innovation in low-carbon solutions and design architecture as AI applications advance.
Source: YAHOO
Reported about 1 year ago
Peng Weilin/Taipei reported on June 30, 2024, at 4:10 PM that the demand for advanced packaging processes of CoWoS led to the stock price trend of equipment leader Unimicron (3131), which has surged from NT$533 to a record high of NT$1,395 this year, more than 1.5 times increase. TSMC is planning to set up 2 CoWoS plants in Chiayi, but one plant had to stop due to archaeological findings, while the second plant has been expedited. There are also rumors about a possible CoWoS expansion to Pingtung, drawing attention to CoWoS equipment concept stocks. Unimicron stated at the shareholders' meeting that the demand for advanced CoWoS packaging is strong, and major customers hope to increase capacity preparation, aiming to enter the high-bandwidth memory supply chain for American memory factories. South Korean manufacturers have also shown interest, and orders are visible until 2026; insufficient capacity subsystems will be outsourced. Unimicron's revenue in the first five months was NT$1.537 billion, a 14.07% increase. Analysts believe that its second-half revenue will surpass the first half, with a growth of over 20% for the whole year. * [Warrant investment involves risks. Information in this section is for reference only and does not constitute an invitation, solicitation, or any other advice or recommendation; readers are advised to make careful considerations.]
Source: YAHOO
Reported about 1 year ago
Since last year, the AI wave has inspired the continuous surge of US stocks, leading to a strong market trend that has pushed the S&P 500 index up by 15% in the first half of this year. While most analysts are optimistic about the US stock market's continuation of an upward trend in the second half of the year, the concentration of gains in a few tech stocks and the variables brought by the US presidential election in the second half remain concerns. Despite the impressive performance in the first half of this year, where the S&P 500 index hit 31 historic closing highs, there are worries about over-concentration in a few tech giants contributing to nearly 60% of the total gains.
Source: YAHOO
Reported about 1 year ago
Taichung report by Liu Zhushong, June 30, 2024, 4:10 pm: Yong Hong Aerospace (6618), a thermoplastic carbon fiber composite material plant, is partnering with a drone systems integrator to establish a drone company. By leveraging Yong Hong's expertise in composite materials, the company aims to enter the global drone industry. Shareholders, including Singapore government's investment company, are optimistic about the long-term development of drones. The company plans to set up the drone company soon, focusing on military and commercial drone research and production. Yong Hong Chairman Wu Jiaxing stated that the company's technology advantages in carbon fiber composite materials can be applied to drones for sustainable development in line with ESG circular economy principles. In addition to entering the drone market, Yong Hong is actively exploring collaborations with customers in the new energy vehicles and high-speed rail sectors to expand into new markets.
Source: YAHOO
Reported about 1 year ago
As the property market in Taiwan sees strong purchasing momentum in the first half of the year, developers in central Taiwan remain optimistic that the trend will continue into the second half. Companies like Shin Kong Construction, Fu Wang, Fu Hwa Innovation, Feng Chien, Shun Tien, Kun Yue, Dacheng, and Fu Yu are seizing the opportunity and rapidly launching new projects to capitalize on the once-in-a-decade property market boom. The total estimated sales of these upcoming projects exceed 200 billion NTD, showcasing a vibrant real estate market in central Taiwan.
Source: YAHOO
Reported about 1 year ago
On June 28, 2024, the Asia Business Association announced the winners of the 2024 Asia Corporate Social Responsibility Awards, with Huang Nanzhou, Chairman of Yushan Financial Holding and Bank, winning the Responsible Business Leadership Award. This marks him as the first enterprise leader to win the award seven years in a row, recognizing Yushan's long-term commitment to corporate social responsibility. The awards, held for over ten years, acknowledge companies from over 19 Asian countries with strong ESG performance, covering various aspects of leadership, impact, crisis management, environmental protection, human resources, welfare, and governance to measure the comprehensive results of corporate social responsibility efforts.
Source: YAHOO