Reported 8 months ago
According to the Ministry of Finance, recent discussions on the hot real estate market point to Taichung, New Taipei, and Taoyuan as areas with significant increases in land value tax and individual housing tax. Notably, Taichung led the way in May with the highest individual housing tax collection at 10.94 billion NT dollars, followed closely by New Taipei at 10.51 billion NT dollars, making them the only two cities with individual housing tax collections exceeding 10 billion NT dollars in a single month. Various factors such as economic improvement, stock market growth, and policy housing loans have contributed to the current heated real estate market trend, with notable increases in tax revenues reflecting the uptrend in property transactions.
Source: YAHOO
Reported 8 months ago
全福公司董事長林群宣布公司將以技轉、新藥臨床雙軌並進策略布局，擬斥資4億元取得工研院授權移轉青光眼眼滴劑及濕式黃斑部病變眼滴劑兩項新藥的開發權。公司總經理徐文祺也指出，全福新藥BRM421已送交FDA審查，當他新藥BRM424正等待通過美國FDA試驗設計變更後將於今年第三季展開二期臨床試驗，而BRM521新藥則透過AI技術選出5個優化新胜*進行後續實驗。林群表示公司致力於眼科藥品研發，並籌資取得更多新藥，以完善眼部疾病治療領域。
Source: YAHOO
Reported 8 months ago
Neel Kashkari, well-known hawkish official of the Federal Reserve (Fed) and President of the Minneapolis Fed, stated in an interview on June 16 that if the Fed only cuts rates once this year, a rate cut in December would be a reasonable prediction. The market's decreasing expectations for rate cuts have supported the US dollar index, which reached a high of 105.65 on June 17, marking a 0.1% increase. Despite some internal dissent, including Kashkari's views, the Fed remains predominantly hawkish in its stance towards inflation and interest rates.
Source: YAHOO
Reported 8 months ago
As the AI boom continues, global investors are actively pursuing AI concept stocks, leading to a surge in the TSMC ADR share price. The premium of TSMC ADR over TSMC's stock has reached a new high since 2009, posing risks to investors practicing the long-preferred arbitrage strategy of buying TSMC stock and shorting TSMC ADR. Statistics show that as of June 14, the premium of TSMC ADR over TSMC stock has reached 21%, far exceeding the 5-year average of around 8%, marking the highest level since 2009. Analysts predict that the premium may continue to expand, potentially leading to forced liquidation for arbitrage investors. TSMC, with its advanced technology and reasonable valuation, has become a sought-after target for investors bullish on the prospects of AI. TSMC ADR has surged 66% this year by June 14's closing, exceeding the 55% increase in TSMC's stock during the same period.
Source: YAHOO
Reported 8 months ago
Due to the global surge in energy prices caused by the Russia-Ukraine conflict, Taiwan Power Company (Taipower) has faced significant losses for two consecutive years as electricity prices have not fully reflected the increased fuel costs. There are differing opinions on whether Taipower should be subsidized, with examples from Germany, Japan, and France implementing financial subsidies for their energy sectors. These countries have adopted a dual approach of moderately raising electricity prices to reflect costs while also setting price caps and providing budgetary subsidies to alleviate the burden on citizens. For instance, Germany has implemented an 'energy price brake system' and allocated nearly NT$1 trillion in subsidies to energy suppliers. Japan has allocated additional budget for electricity subsidies reaching approximately NT$1.4 trillion, while France has implemented a 'price shield' system to limit price increases and reduced electricity consumption tax to mitigate price surges.
Source: YAHOO
Reported 8 months ago
The Ministry of Finance has urged public banks to enhance post-loan management for credits in Hsin Ching An, including housing loans, land purchase loans, and green energy loans, to prevent possible misuse contributing to rising housing prices. Measures discussed in a routine meeting include verifying high-risk applicants, strengthening pre-loan agreements, monitoring post-loan management, and preventing fraudulent activities like transferring properties.
Source: YAHOO
Reported 8 months ago
Green workers' new member, Young New (6951), transferred from the OTC market to the main market on June 18, 2024. With Young New obtaining the asbestos tile clearing project, the market is optimistic that Young New's revenue from industrial waste this year will significantly increase. In addition to the stable growth of the existing medical waste disposal business, the estimated annual revenue is expected to grow by double digits. Young New, a subsidiary holding 66.04% of the shares of the waste disposal plant Riyou (8341) for industry and medical waste, with medical waste revenue accounting for 60% and industrial waste 33%. Young New's combined revenue for the first five months of this year was NT$235 million, up 25.34% year-on-year. Young New pointed out that due to the exit of many micro-enterprises in the industry two years ago, the company's customer base has grown significantly, driving an increase in waste clearance volume.
Source: YAHOO
Reported 8 months ago
The pre-sale housing market in Taiwan is booming, with April recording a record-high of 13,800 transactions, marking two consecutive months above 13,000. The total sales amount for pre-sale housing in the first four months of the year reached 790 billion NTD, nearly double the amount from the previous year, reflecting the vibrant buying atmosphere in the market. Sales peaked from September to December 2021, declined due to impending land rights regulation changes, but picked up again in recent months with over 10,000 transactions monthly, indicating a sustained peak in pre-sale housing purchases for over half a year.
Source: YAHOO
Reported 8 months ago
Cisco Taiwan announced the launch of Taiwan Digital Acceleration Program 3.0 to strengthen Taiwan's digital transformation, focusing on promoting green sustainability, information security, and AI-driven intelligent transformation. Vice President of Cisco Guy Diedrich, and Taiwan General Manager Lin Yuetao attended the press conference. Vice President Xiao Meiqin witnessed the event and expressed confidence in Taiwan's ability to continuously create digital technology miracles and shape the next stage of Taiwan's economic vitality in the digital era. The program aims to invest in ESG management technology diffusion and industry applications, cultivate cybersecurity talents, practical skills, AI technology, expand local government cooperation, and collaborate with all sectors of society.
Source: YAHOO
Reported 8 months ago
The Grandma's Cafe established by the Circular Wealth Community Development Association features portraits of three active coffee grandmas including 88-year-old Wu Gui-zhen, 76-year-old Chen Wu-si, and 81-year-old Chen Wang-yao. The cafe, located in Qishan District, Kaohsiung City, was initially rejected due to the question of why a coffee shop was needed when the community only produces bananas. Despite challenges, the cafe was eventually funded partially by the Kaohsiung Social Affairs Bureau and has become a hub for senior citizens and community engagement, with initiatives like the Lovely School and coffee training courses, showcasing the value of the elderly residents.
Source: YAHOO
Reported 8 months ago
Following Goldman Sachs raising its year-end target price for the S&P 500 index to 5,600 points last week, Julian Emanuel, stock analyst at the investment bank Evercore ISI, has also turned optimistic, predicting the index to reach 6,000 points by the end of the year. This marks the most optimistic estimate for the S&P 500 among Wall Street firms. The bullish sentiment in the US stock market has also pushed the Chicago Board Options Exchange Volatility Index (VIX) to near a five-year low. However, there are warnings about excessive concentration of gains in a few large-cap stocks and concerns about the sustainability of the current market rally.
Source: YAHOO
Reported 8 months ago
2024年6月17日，大陆举行的「618」电商购物节与往年相比热度明显下降。分析指出，电商平台变得简单化，没有新故事可讲，消费者也逐渐回归理性，导致促销效果减弱。各大电商平台「618」促销期间拉长，采取低价竞争策略，但整体业绩放缓，不再公布战报或交易总额。
Source: YAHOO
Reported 8 months ago
On June 17, 2024, at 4:10 p.m., Wu Dongliang, the Chairman of the Industrial and Commercial Consolidation Association, met with President Lai Ching-te, urging the government to re-examine the timetable for a nuclear-free homeland from a scientific perspective to strengthen low-carbon power supply. He also suggested following Singapore as a model to establish a financial development path, aiming to create international-level banks and showcase Taiwan's financial competitiveness. During the meeting, Wu handed over a document containing over 30 suggestions, with a focus on power supply and financial development strategies.
Source: YAHOO
Reported 8 months ago
HUHEI Life recently held a 'Family Day' event welcoming employees' families and caregivers for fun activities and games at the sports field. Over the past 12 years, HUHEI Life has been providing innovative services for caregivers and established the 'Breathing Academy' to support thousands of caregivers in relieving stress and gaining energy. The company focuses on creating a 'friendly caregiving workplace' by offering resources for employees' well-being and family support. Through activities like sports competitions and painting, the Family Day event aimed to provide a platform for relaxation and expression. CEO Xu Xizhang emphasized the importance of employees' mental and physical health by offering various benefits, including health check-ups, stress-relief massages, and learning incentives. The event also included family counseling services, showcasing the company's comprehensive care for employees and their families. By addressing caregiving issues, providing caregiver leave and courses, HUHEI Life aims to support employees in their dual roles and prevent them from leaving their jobs due to family responsibilities. The involvement of numerous caregivers at the Family Day event reflects the company's commitment to creating a supportive and compassionate workplace environment, as praised by the Secretary-General of the Republic of China Family Caregiver Care Association, Chen Jingning.
Source: YAHOO
Reported 8 months ago
Wistron continues to expand its 5G O-RAN applications, actively injecting resources into expanding vertical applications and diverse fields of 5G communication, including disaster backup, smart factories, maritime domains, etc. On June 17, during the Open RAN Summit in Taipei, it was revealed that Wistron's 5G O-RAN has been implemented in maritime applications at Yang Ming Shipping, promoting the development of domestically produced 5G low-orbit satellite cargo ships, further expanding communication fields and technical applications. Wistron aims to establish a Taiwan O-RAN network ecosystem through forward-looking technology and a complete supply chain resource, enhancing global market competitiveness.
Source: YAHOO
Reported 8 months ago
PwC Taiwan's '2024 Taiwan Financial Industry Corporate Leaders In-depth Interview Special Issue' reveals that Taiwan's financial industry leaders are equally worried about overall economic uncertainty and inflation, both ranking at 56% as the 'main threats' as voted by the leaders. Geopolitical conflicts follow with a lesser percentage. The survey, conducted every two years, includes insights from 11 financial leaders such as the Chairman of Yuanta Securities, Chairman of Mega Financial Holding, CEO of Cathay Financial Holdings, and Chairman of MasterLink Securities. The leaders express concerns about the global economy while remaining confident in revenue growth, attributing this confidence to the belief that interest rates have peaked, inflation and geopolitical risks have eased, but they view economic uncertainty and inflation as primary threats.
Source: YAHOO
Reported 8 months ago
In recent years, with the variety of financial products available, many investors lack effective management tools to understand their overall asset status, often leading to confusion about their total returns. To tackle this issue, Yuanta Securities has introduced the 'EagleEye' app, which integrates securities, discretionary accounts, trusts, warrants, bonds, domestic and foreign options, providing investors with a comprehensive view and allocation of their investments. This app eliminates the need for cumbersome Excel sheets, allowing investors to easily manage their portfolios in one place. With real-time updates on portfolio performance, investors can adjust their investment strategies effortlessly, ensuring they don't miss out on opportunities and enhancing their digital asset management experience.
Source: YAHOO
Reported 8 months ago
In response to the debate on whether to subsidize Taiwan Power, different opinions exist - Germany, Japan and even nuclear power leader France have all adopted financial subsidy policies. Following the Russia-Ukraine war, international energy prices soared, prompting various countries to implement subsidy policies and restrict electricity price hikes. Scholars suggest that if Parliament cuts subsidies for Taiwan Power, everyone will lose in the end. The Economic Institute Director and others agree that subsidizing is a short-term policy tool to address Taiwan Power's significant losses, but they urge adjustments in electricity pricing structure to ensure industrial usage reflects the actual costs and not repeatedly subsidize export industries like semiconductors.
Source: YAHOO
Reported 8 months ago
Taiwan Semiconductor Manufacturing Company's (TSMC) advanced packaging process factory (P1) in the Jia Yi Science Park was halted due to the discovery of historical relics during construction. TSMC immediately initiated the preparation for the second factory (P2). The incident affected the original production plan, bringing attention to the impact on advanced packaging production capacity planning. Authorities have approved the rescue excavation of the site according to cultural heritage laws. The Jia Yi Science Park is crucial in TSMC's strategy, with plans to introduce new 3D packaging technologies and cater to the evolving AI chip market. TSMC's advanced packaging capacity is expected to increase, with the Jia Chi factory's completion by 2026 being closely watched.
Source: YAHOO
Reported 8 months ago
Google announced a partnership with the Institute for Information Industry (III) and National Taipei University (NTPU) to cultivate cybersecurity talent, aiming to train 2,000 professionals by 2025. III plans to train 500 talents by the end of 2024, while NTPU aims to train 1,500 by next year. This initiative addresses the global shortage of cybersecurity professionals, estimated at 4 million by 2023 with an annual growth rate of 12.6%. Google.org donated $1 million to support the 'NICS Taiwan Cybersecurity Project,' and Google introduced the Google Taiwan Cybersecurity Talent Development Program with the aim of offering the 'Google Cybersecurity Certificates' for free to participants upon completion of the program, which covers essential cybersecurity topics and tools such as Linux, SQL, Python, and communication skills. The program has flexible scheduling and takes about 4 to 6 months to complete, benefitting both professionals and industry advancement.
Source: YAHOO
Reported 8 months ago
Zhen Ding (4958) and Advantech (2395) signed a strategic cooperation agreement in Shenzhen on June 17, 2024, to establish a comprehensive strategic partnership to promote the digitalization, intelligence, and green development of the PCB industry. The initial cooperation will focus on Advantech's smart manufacturing solutions, production safety management systems, and smart energy management solutions to help Zhen Ding's factories and parks achieve digital transformation and low-carbon development. This collaboration signifies a strategic upgrade for both parties, aiming to jointly construct the PCB industry ecosystem and advance digital transformation processes.
Source: YAHOO
Reported 8 months ago
On June 17, 2024, at 4:10 p.m., Lixin International (5202) opened at 19.4 yuan, oscillating around the flat plate for about an hour after opening, before a large single order pushed it up, hitting the limit up and closing at 21.15 yuan. The trading volume for the day surged to 1570 shares, a 60% increase from the previous day. Lixin International's revenue for May was 10 million yuan, a year-on-year decrease of 29.14%, with accumulated revenue for the first five months reaching 59.8 million yuan, a 9.37% increase from last year. The company specializes in OCR optical recognition technology, integrating artificial intelligence functions and technologies into existing products. Its main products include AI-OCR document recognition systems, GenAI-OCR enterprise document recognition systems, and electronic signature solutions.
Source: YAHOO
Reported 8 months ago
H3C and Sharp have signed a strategic cooperation memorandum of understanding (MOU) to collaborate in expanding overseas markets, focusing on the Asia-Pacific region, including Taiwan, Japan, and Southeast Asia. They aim to seize opportunities in the IT/OT service, ESG, and AIoT markets, particularly in smart retail, new energy, and smart building sectors. Through resource integration and leveraging Sharp's global brand awareness and customer resources, the alliance seeks to enhance market competitiveness by providing more valuable solutions, benefiting from each other's strengths, and creating a win-win situation.
Source: YAHOO
Reported 8 months ago
In a report from Kaohsiung on June 17, 2024, recent fluctuations in the international price of nickel, a key raw material for stainless steel, have dropped below $18,000 per ton on the 14th. At the same time, the quoted price for Indonesian stainless steel coils to Taiwan has been revised downwards, making it difficult for domestic stainless steel factories to sustain prices. Rising shipping costs due to geopolitical tensions are also impacting stainless steel demand, leading industry players to fear an interruption in the continuous price hikes seen in stainless steel this year by the end of June. The stainless steel market has been seeing gradual increases in prices due to the surge in nickel prices. However, this upward trend may face a pause as nickel ore prices have started to decline recently, dropping by as much as 18.78% in less than a month. This, along with reduced demand, is causing concerns for the stainless steel industry, affecting exports due to ongoing geopolitical risks. Red Sea crisis continues to raise shipping costs, leading traders to be cautious in taking orders. Looking ahead, maintaining current price levels may be the optimal scenario.
Source: YAHOO
Reported 8 months ago
On June 17, 2024, at 4:10 PM, nearly 7,000 graduates were bid farewell by Yangming University and NCTU with the theme of 'beyond' as the main focus. The ceremony featured a blend of different cultures, with medical graduate Hong Chen-hao delivering a speech in Taiwanese dialect, and Ukrainian student Maria Lenotieva expressing gratitude for Taiwan and the universities' support during the Russo-Ukrainian war. Speakers included Lin Ching-yung, founder and CEO of Graphen AI, ex-US Secretary of Labor Elaine Chao and her father James Chao, and renowned author Dr. Hou Wen-yung, who shared insights on achieving global vision, precision, and networking for a successful life. They encouraged graduates to remain humble, grateful, and resilient in facing challenges and contributing to society.
Source: YAHOO