Reported 11 months ago
The Ministry of the Environment is aiming to complete the carbon pricing by the end of October 2024. According to assessments by the Ministry of Economic Affairs, the imposition of carbon fees is estimated to reduce the GDP by 0.16% to 0.8% and increase the Consumer Price Index by 0.06% to 0.3%. Industries like petrochemicals, cement, and steel may become 'fragile.' Without levying carbon fees on imported products, some industries might shift from profit to loss if charged 300 yuan, and if charged 500 yuan, more manufacturing industries will be designated as 'fragile.' The economic departments suggest that carbon fees should not surpass competitor countries' rates and be incrementally increased from low to high. They emphasize setting reasonable targets and discounted rates to ensure fairness and feasibility for industries.
Source: YAHOO
Reported 11 months ago
In a story captured through a lens, on June 23, 2024, at 4:10 PM, the article reflects on how people often visit beaches but fail to protect their natural beauty, despite repeated awareness campaigns on ocean preservation. The piece also mentions financial reports related to Hengde Energy, drawing attention to the importance of environmental protection even in business.
Source: YAHOO
Reported 11 months ago
Weichi Chiaoyi, Sun Binxun/Taipei Report on June 23, 2024, at 4:10 p.m., Cathay United Bank's CUBE Card 'Fun Travel' offers 3% cashback with no limit for high-speed rail, car rental, accommodation, or selected travel agency arrangements. As the heatwave hits, domestic tourism is on the rise, with various banks promoting domestic travel credit cards offering significant savings. For example, the Chinatrust Agoda Co-branded Card offers up to 27% off on room reservations. Additionally, CTBC Bank's TaiwanPay card offers 20% cashback at Taipei Zoo and Children's Paradise, while Cathay United Bank's CUBE Card provides 10% cashback with no limit for car rentals and camping routes during the traveler's birthday month from July to September, among others.
Source: YAHOO
Reported 11 months ago
With the weather heating up, the stock price of heavy electrical equipment companies is rising, with Shihlin Electric (1503) seeing a 30% increase in June after a two-month plateau. Benefiting from Taiwan's robust grid project and the infrastructure opportunities in the U.S., Shihlin Electric is continuously receiving orders, now looking towards 2027 orders and optimistic for 2030. The company expects revenue growth in heavy electrical business by 20% this year, with a focus on expanding automation business into AI and semiconductor industries. Orders from the U.S. and Canada are on the rise, with opportunities to set up manufacturing facilities in the U.S.
Source: YAHOO
Reported 11 months ago
On June 23, 2024, at 4:10 pm, Haitong International Securities downgraded United Microelectronics Corporation (UMC) from 'Neutral' to lower the estimated fair price to 580 NT dollars. UMC had been performing well due to expectations in the iPhone supply chain, collaborations for edge AI opportunities, and increased capital inflows. However, concerns over reaching a peak and potential competition from LX Semi in South Korea and risks in the large-size display driver IC industry led to the downgrade. Additionally, slowdowns in the panel industry affecting LDDIC market conditions raised uncertainties for UMC's future prospects.
Source: YAHOO
Reported 11 months ago
Taipei, June 23, 2024, 4:10 PM - The Tang Prize in Biopharmaceutical Sciences has sparked a trend in weight loss drugs, with the awarded three scientists' discovery of GLP-1 receptor agonists being highly sought after, attracting global pharmaceutical companies like the Immunomancer founded by Taiwan's 'Antibody Father' Zhang Ziwen, Arctic Star-KY, and Shengde Group to invest. The development of insulin injection pen components by automotive components manufacturer Yulong has entered Novo Nordisk's supply chain. Recent hit drugs like Novo Nordisk's weight-loss drug Wegovy, the 'slim needle' transformation of diabetes drug Ozempic, and Eli Lilly's weight-loss drug Zepbound are all GIP/GLP-1 receptor agonists spurring the development of anti-diabetes and anti-obesity drugs and becoming popular. Ozempic skyrocketed to become the world's third-largest drug last year, with sales reaching $13.8 billion and a growth rate of 38%, making GLP-1 developed anti-diabetic and anti-obesity drugs extremely sought after. Riding on the GLP-1 trend, Arctic Star acquired Linyang with a $2 billion investment last year to gain a line of polypeptide products. Immumancer has cutting-edge peptide drug and fusion protein technology platforms, expecting two new drugs to enter Phase I clinical trials this year, with the most anticipated GLP-1 drug TE-8105 being a super long-acting GLP-1 drug for type 2 diabetes, obesity, and fatty liver, already seeking clinical trial approval in Australia. Low-profile medical parts developer Yulong, a supplier to Novo Nordisk, has developed metal pushrod components for insulin injection pens into the Wegovy supply chain, with expanded production slated for operation in June this year. Meishi, in collaboration with international pharmaceutical companies, is developing a generic drug with the same composition as Novo Nordisk's Wegovy for treating diabetes through subcutaneous injection once a week. Shengde has also announced reinvestment to engage in GLP-1 analogues or GLP-1 receptor agonist (GLP-1 RAs) development. Oumengya has recently completed a new round of cash capital increase amounting to a total of 456 million yuan. The report in the Business Times also covers luxury homes, third home loans, increased interest rates, global crystal clear doubling of production capacity next year, and successful operations by Jump Honkai in car cultivation, with optimistic operations.
Source: YAHOO
Reported 11 months ago
Taiwan's stock market has been performing well this year with both prices and trading volume on the rise. The weighted index surged 3.33% last week, marking a total increase of 29.69% for the year. Daily average trading volume also reached a record high of 426.2 billion NT dollars. The total market value of listed stocks rose by 2.39 trillion NT dollars in a single week. Various sector indices experienced gains and losses, with the electronics sector showing the largest increase at 5.71%, led by Hon Hai's over 7% surge. Meanwhile, the electrical cables sector saw the biggest decline at 2.65%, mainly due to a 3.6% drop in Hwa Xia. Overall, the stock market turnover rate for the first half of 2024 has been high, indicating a possibility of exceeding 100% turnover rate for the full year if the current level of active trading continues in the second half of the year.
Source: YAHOO
Reported 11 months ago
With the visit of NVIDIA CEO Jensen Huang in Taiwan, OpenAI's ChatGPT 4o release, and Tesla's humanoid robot folding clothes, the hype around artificial intelligence (AI) is escalating. As AI capabilities advance, tasks previously done by humans are now being automated through robotic process automation (RPA). The article highlights the importance for humans to continuously think and engage in activities that AI cannot yet perform to maintain their relevance and value in a world increasingly dominated by AI technology. It discusses the impact of AI on various aspects of society, such as education and cognitive development, emphasizing the need for humans to enhance their critical thinking, creativity, and problem-solving abilities to surpass AI in the future.
Source: YAHOO
Reported 11 months ago
Taiwan Shin Kong Financial Holding Co. was awarded five prizes at the Taiwan Sustainable Investment Awards organized by the Taiwan Sustainable Energy Research Foundation, with the group and investment trust receiving the 'Outstanding Award for Institutional Influence.' Shin Kong Life Insurance won the 'Sustainable Investment Gold Award' and 'Shareholder Action Bronze Award,' while Shin Kong Investment Trust received the 'Sustainable Fund Bronze Award.' The effectiveness of integrating Shin Kong's sustainable principles with core business was highly commended, reflecting their commitment to climate action, financial prosperity, and sustainability empowerment. Shin Kong's initiatives led to them incorporating ESG into their investments in 2023, emphasizing carbon neutrality and earning the 'Outstanding Award for Institutional Influence – Group Finance.' With a focus on clean energy, Shin Kong Life Insurance was awarded the 'Case Impact – Sustainable Investment Gold Award' for their solar photovoltaic investment project. By promoting renewable energy infrastructure development and considering local communication and feedback mechanisms, Shin Kong Life Insurance demonstrated forward-thinking leadership in environmental protection and inclusivity, injecting new energy into Taiwan's renewable energy market. Shin Kong Investment Trust introduced sustainable investment opportunities through various funds, earning the 'Outstanding Award for Institutional Influence – Investment Trust Category' and the 'Case Impact – Sustainable Fund Bronze Award' for their commitment to sustainable development.
Source: YAHOO
Reported 11 months ago
Tesla's Full Self-Driving (FSD) software has made progress in China with reports suggesting that Shanghai has issued road test licenses to Tesla for their FSD technology. The test is reportedly taking place in the Nanqiao New Area where ten Tesla vehicles are involved. Tesla's CEO Elon Musk visited China in April, fueling speculation that he may have been seeking government approval for the FSD service. The potential launch of FSD in China would be a significant revenue source for Tesla, especially following a 7.6% drop in sales in the country from January to April 2024.
Source: YAHOO
Reported 11 months ago
In a story presented on June 23, 2024, 4:10 PM, the first half uses the colors, mechanisms, and functions of clothing, electronic devices, and drinks of two actors to highlight the comparison between Kia electric vehicles and conventional fuel cars, showcasing Kia's use of electric power not only to maintain high range but also significantly reduce emissions. The second half of the story shows the Kia vehicle actors moving in various urban corners, with narration describing Kia electric vehicles creating a sustainable future in mobility. The Taiwan stock market falls with key domestic players supporting the market, while solar energy and offshore wind energy projects face delays for two years, failing to meet targets. Ma.Science Biomedical receives Japanese investment cooperation.
Source: YAHOO
Reported 11 months ago
Chairman Wang Jiahuang of YingWei stated the importance of respecting the expertise of department heads to form an efficient layered management system, leading by example to drive company growth. Founded in 2001, YingWei Technology has become the world's third-largest semiconductor IC testing socket factory, serving international clients such as ASE, NVIDIA, and AMD. With a focus on layered responsible management, the company has climbed the ranks in the global semiconductor industry, aiming to become the largest in the future. Wang emphasizes the significance of offering employees a sense of honor and achievement to retain talent in the competitive semiconductor market, where YingWei plays a vital role in the supply chain and provides employees with a unique sense of accomplishment in the industry center.
Source: YAHOO
Reported 11 months ago
In the first half of the year, the economy performed better than expected, leading to increased short-term funding needs due to the May tax season. The credit guarantee fund project for small and medium-sized enterprises saw continuous growth in financing, reaching 148.315 billion NT dollars in May, a new high in nearly five months, with a year-on-year increase of 10.9%. The total financing in the first five months broke through the 650 billion NT dollars mark, reaching 659.08 billion NT dollars, a 15.7% increase compared to the previous year. The demand for corporate financing remains strong, especially aided by policies, suggesting a potential for new highs in SME project financing in the long run.
Source: YAHOO
Reported 11 months ago
On June 23, 2024, at 4:10 pm, in a limited time and budget, it is hoped that the filming process will interpret the power of love and transform this love into beauty. The aim is for the audience to feel purified and inspired spiritually while watching this drama, achieving social welfare. Commercial Times reports more on the public's control of AR HUD, the attack on electric vehicles, Taiwan's first domestically-produced hybrid car by Honda, contrary price reductions, and the FSC's financial inspection focus on three main points next year.
Source: YAHOO
Reported 11 months ago
Market demand is picking up, with upstream and midstream textile yarn factories leading the way. Textile processing factories that experienced losses in the first quarter of this year like Lili (1444), Hongyi (1452), Hongzhou (1413), Jisheng (1455), and Lianfa (1459) have seen their operations in the second quarter with production line utilization rates rising to over 80-90%. With increased profit margins, they are expected to turn their core business from loss to profit. The textile processing industry anticipates busier production lines until the end of the second quarter or early third quarter, benefiting from increased customer inventory shipping adjustments. Companies like Lili and Jisheng have reported improved production line utilization rates and positive market outlook for the second quarter.
Source: YAHOO
Reported 11 months ago
Investor sentiment is high globally, with the Japanese stock market performing well. Investment professionals believe that Japanese stocks will lead investors into another golden decade, as they were a hotspot for global funds last year and are being driven by various positive factors this year. Firms in Japan with large cash reserves are expected to increase shareholder returns through dividends and stock buybacks. Factors supporting the continued rise in Japanese stocks include attractive valuations compared to other markets, ongoing corporate financial restructuring, the end of deflation, and strong corporate capital expenditure environment. While Japanese stocks have risen, their valuations remain lower than other major stock markets. Small-cap stocks in Japan are particularly favored, as they are currently trading at a discount and have the potential to attract market attention, leading to a capital inflow. There is optimism for sectors like domestic demand and industrial stocks. Financial analysts suggest that Japan's ongoing economic recovery, coupled with a low rate of financial product purchase by Japanese households, indicates the potential for further asset price appreciation. The opening of borders has led to a surge in tourist arrivals in Japan, further stimulating domestic consumption and signaling positive future stock market performance, with emphasis on competitive Japanese semiconductor ETFs.
Source: YAHOO
Reported 11 months ago
The Industrial Development Bureau of Taiwan proposed initiating carbon tax at 100 NTD during the upcoming carbon tax review meeting to be held by the Environmental Protection Administration on July 5, 2024. The alliance suggests considering refunds for regions with no carbon taxes on exported products and simultaneously levying carbon fees on imported high-carbon products as per climate laws to eliminate unfair competition and prevent carbon leakage. They emphasized the need for fair treatment and subsidies in setting carbon fees to maintain industrial competitiveness and called for gradual implementation and exemption thresholds in carbon pricing. The alliance highlighted concerns about the current carbon tax targets, favoring large corporations and potentially encouraging industrial fragmentation leading to unfair competition. They also mentioned the negative impact on Taiwan's global competitiveness if local products face carbon fees while foreign competitors do not. The alliance illustrated the repercussions on industries like cement, warning of severe consequences on competitiveness and survival if carbon fees are set without synchronizing imports. Overall, the alliance stressed the collective responsibility of energy conservation and carbon reduction while safeguarding domestic industries' survival and development, urging caution against green inflation.
Source: YAHOO
Reported 11 months ago
In the realm of creativity, a simple contrast between black and white and color was used to promote environmental awareness in a project by a team comprised of members from HSBC Automotive and Thei Technology University. Upon surprising victory in a competition due to strong competition, the team expressed joy and gratitude, recognizing areas for improvement in their video display after viewing other entries. Special thanks were extended to the judges. In terms of business news, Taiwan's PCB industry value is estimated to exceed 800 billion, and Taiwan Honda's first domestically produced hybrid car is set to lower prices against the trend, with Shipping Mall expected to dominate the market in the first half of next year. Written by Li Yizhen, Guo Jingzhi, Chen Youjia, Chen Guanhao, and Hou Xiang on June 23, 2024, at 4:10 PM.
Source: YAHOO
Reported 11 months ago
Chunghwa Telecom's sustainable efforts were once again recognized by an authoritative organization on June 23, 2024, at 4:10 p.m. The sustainable bond issued by Chunghwa Telecom in 2022, the first in Taiwan's telecom industry, was awarded the Gold Award in the sustainable bond category at the fourth TWSIA Taiwan Sustainable Investment Awards hosted by the Taiwan Institute for Sustainable Energy. Chairman Guo Shuiyi emphasized the company's commitment to ESG and sustainable development, aiming to be an international benchmark enterprise. The funds raised from the sustainable bond were invested in various sustainable projects, showcasing significant environmental, economic, and social impacts.
Source: YAHOO
Reported 11 months ago
Gartner forecasted that the global public cloud market will reach $675.4 billion in 2024, showing a 20% annual growth. Taiwan's IT service providers such as Infortrend, Qnap, Acer, and Sysage all achieved double-digit revenue growth in the first five months of this year due to the increasing trend of enterprise cloud adoption. Gartner attributed the growth to Generative AI and application modernization driving increased spending on cloud services, with IaaS showing the highest growth rate at 25.6% by 2024.
Source: YAHOO
Reported 11 months ago
On June 23, 2024, foreign media revealed that the China Banking and Insurance Regulatory Commission recently emphasized the risks of banks without established wealth management subsidiaries conducting wealth management business, demanding certain city commercial banks and rural commercial banks to clear all outstanding wealth management business by the end of 2026. Some provinces require relevant banks to reduce wealth management business to the level before August 2021 by the end of this year. Regulators have issued warnings to various provinces, such as Guangdong, Shandong, and Zhejiang, prompting them to submit plans for reducing city commercial banks' wealth management business. The impact is believed to be minimal, with smaller banks having less significant concerns compared to those preparing to establish wealth management subsidiaries.
Source: YAHOO
Reported 11 months ago
In Taipei, as of June 23, 2024, in the past five days, the top 15 over-the-counter (OTC) stocks receiving significant buying interest from institutional investors include Jiabang, Hungyuan Securities, New Renaissance, and more. Despite a slight decrease of 0.3% to 270.76 points at the closing on the 21st following the record high on the 20th, the OTC index still recorded a 1.4% increase for the week. Notably, Jiabang surged by 7.9% to NT$95.6 with positive news, such as a collaboration announcement with Huanxin Technology, pushing its stock to a new high. Looking ahead, AIA Investment Trust Taiwan Stock Team emphasizes the importance of identifying companies' competitive positions and value enhancements in the AI supply chain sector, which remains a market focus with a significant impact on Taiwanese electronic stocks.
Source: YAHOO
Reported 11 months ago
On June 23, 2024, at 4:10pm, authors including Li Yizhen, Guo Jingzhi, Chen Youjia, Chen Guanhao, and Hou Xiang, highlighted the importance of environmental conservation through a video. They emphasized the consequences of ignoring nature, damaging the environment, and causing air pollution, illustrating how these actions can impact our lives negatively. The video's design concept utilized deep colors to convey a sense of gravity, slow pacing in the beginning for immersion, and fast-paced piano music towards the end to emphasize the impact of environmental degradation on daily life. The video concluded with a character's demise due to environmental changes and air pollution. Additionally, the article mentioned news on Taiwan Honda's first domestically-produced hybrid car, Micron's stock surge, and the confirmation of the launch of a derivatives trading platform next year.
Source: YAHOO
Reported 11 months ago
South Korea's current inheritance tax law is strict, with high tax rates not only affecting the wealthy elite but also impacting middle-income earners due to rising property prices. The government is considering reforming the system, aiming to lower the inheritance tax rate to 30% and introducing capital gains tax. The proposed changes include shifting from taxing the deceased's assets to taxing the actual inherited properties, easing the burden on multiple heirs. However, there may be challenges in gaining parliamentary approval, especially with opposition to benefits for large corporations, as seen in recent criticism from the Democratic Party.
Source: YAHOO
Reported 11 months ago
Argentina's President Milei, who took office in December 2023, initiated shock therapy to save the struggling economy, leading to increased hardships for the local population. The reforms have resulted in widespread poverty, rising food prices, and increased unemployment, with a majority of Argentinians now living in poverty. While some indicators show signs of improvement like a decrease in inflation and the country's first fiscal surplus in 16 years due to measures like cutting public spending and privatizing state-owned enterprises, many citizens continue to struggle to afford basic necessities, such as beef, medication, and even food. Despite initial support for President Milei, public confidence in the government is diminishing as the economic situation worsens.
Source: YAHOO