Reported 8 months ago
According to a report, the next three years will see a major boom in Taiwan's five-star hotel industry, with at least 21 new hotels set to open, particularly in central Taiwan and the northern and southern regions. The industry is experiencing unprecedented growth, with an estimated increase of over 5,000 rooms. This booming trend is attributed to the development of the semiconductor and AI industries in Taiwan, as well as the migration of residents to central and southern parts of the island.
Source: YAHOO
Reported 8 months ago
Investment in environmental sustainability has become a key focus for businesses, with Yongfengyu (1907) Group planning to increase its environmental investment by 75% to approximately 9.01 billion yuan this year, focusing on energy conservation, carbon reduction, renewable energy transition, and exploring the prospects of behind-the-meter energy storage. The group's previous environmental investments of 516 million yuan last year mainly targeted energy and power expenses, air quality, water resource treatment, waste handling, and other aspects. Yongfengyu aims to continue developing energy conservation, carbon reduction, and green product production, with a significant increase in environmental investment estimated at around 9.01 billion yuan this year.
Source: YAHOO
Reported 8 months ago
The Taiwan International Medical and Healthcare Exhibition 2024 will take place from June 20 to June 22 at Nangang Exhibition Hall 2. A pre-exhibition press conference was held with representatives from various industry, academic, and medical sectors to discuss the trends in smart healthcare, unveiling the latest precision medical and smart medical products. Notable highlights for 2024 include the 'Smart Healthcare Pavilion' and 'Telemedicine and Smart Medical Devices Pavilion' co-organized with industry associations, demonstrating the futuristic trends in medical device technology such as telemedicine and precision diagnosis.
Source: YAHOO
Reported 8 months ago
Simple Mart in Da'an Senyu has added another project to its adopt-rebuild initiative. The Da'an Forest Park in Taipei has renovated its 28-year-old No. 1 public toilet, integrating ecological landscaping to create the city's first ecological public toilet. The renovation cost 20 million and included features like rooftop solar panels, water-saving equipment, and a focus on sustainability. The public response has been positive since its opening in February, with the Taipei City Government emphasizing the establishment of a new benchmark for public toilets in the city.
Source: YAHOO
Reported 8 months ago
AI smartphones are set to be launched by Apple on June 16, 2024, leading to a global surge in AI demand and subsequently driving the need for high-speed networks, fueling the robust development of 5G. Networking manufacturers are actively embracing the AI server market opportunities, with Wistron (2345) shareholders' meeting projecting optimistic outlooks, resulting in a 2.39% price increase on the 14th, marking three consecutive rises. The arsenide gallium epi-wafer giant, Unimicron (2455), also saw a recent surge, foreseeing significant growth in demand for its microelectronics and optoelectronics products this year. Wistron held a shareholders' meeting on the 13th, where it was highlighted that the company's ASIC servers and switches have continued to grow, supporting the second-half performance, expecting double-digit revenue growth for the year. Benefiting from the smoother supply of semiconductor components and increased shipment momentum for AI accelerator cards, Wistron's May revenue significantly rebounded to a historical high of NT$8.777 billion, a 25.08% monthly increase and a 35.59% annual increase, surpassing the NT$8 billion mark for the first time since 2023. Analysts are optimistic that its second-quarter revenue is expected to increase by 25% to 30% quarterly and forecasted that profit growth potential will outperform revenue performance in the future. Unimicron reported May revenue of NT$292 million, a 1.8% monthly increase and a 32.31% annual increase, reaching a new high for the same period. With entry into the data center supply chain for optoelectronics driven by AI demand, its revenue is expected to nearly triple this year. In addition, with the addition of a new international major customer for microelectronics, along with the revival of demand for smartphones, the emergence of AI and WiFi 7 smartphones in the second half of the year, analysts predict that revenue for both optoelectronics and microelectronics products this year have the opportunity to achieve double-digit growth.
Source: YAHOO
Reported 8 months ago
Morgan Stanley Securities pointed out that Taiwan and South Korea, both export-oriented countries, are expected to grow, but Taiwan is benefiting far more from the booming demand for AI in the United States compared to South Korea. The performance of Taiwan's stock market far exceeds that of South Korea's, reflecting the differences in the AI supply chain. The analysis shows that Taiwan, led by TSMC, is likely to continue to dominate the AI supply chain, with other companies such as Quanta, ASE, Foxconn, AUO, Asus, Delta, Gigabyte, and MediaTek also performing well. The competition between Taiwan and South Korea in the AI field has intensified, with Taiwan taking the lead in economic growth and stock market performance, with Taiwan's economic growth rate estimated to be 3.7% in 2024, surpassing South Korea's 2.7%. Taiwan's stock market has outperformed South Korea's KOSPI, with the gap in market value reaching the largest in 20 years, crossing 3,600 billion USD as of the end of May. Looking ahead, Taiwan's position as NVIDIA's exclusive supplier is expected to boost semiconductor exports by over 30%, leaving South Korea in need of more time to catch up.
Source: YAHOO
Reported 8 months ago
Chen Ying-wei/Taipei reported on June 16, 2024, at 4:10 pm, Xintech Electronics' longest-running and most profitable star product is the mahjong game 'Star Three Missing One'. Xintech's Chairman, Lee Ke-zhu's exceptional mahjong skills naturally made him the 'best tester'. Lee's college days of playing cards during breaks helped him hone good card skills, which he found beneficial for developing card game products. 'Star Three Missing One' stands out as a long-lasting and successful mahjong game due to real-time interaction, better anti-cheating measures, and extensive celebrity endorsements. Lee, a big mahjong game enthusiast, calls himself the 'best tester' for the game, regularly providing feedback on new features to the development team. His wealth accumulation in the game surpassed 100 million yuan by 2024, reflecting his pride and happiness, even more than Xintech's successful stock performance when his actual net worth exceeded 4.5 billion New Taiwan dollars.
Source: YAHOO
Reported 8 months ago
In an effort to promote grassroots baseball development across the Taiwan Strait, CTBC Bank has allocated resources to support elementary schools in Mainland China with potential in baseball. The first cooperating school chosen is Xiamen Ruijing Elementary School in Fujian, where students from Golden Gate Elementary School in Kinmen County were invited to attend the '2024 Cross-Strait Youth Baseball Exchange Tournament' to interact with and learn from Ruijing's baseball team. With the level of baseball in Mainland China improving yearly, CTBC Bank has launched a grassroots baseball upgrade plan this year to enhance cross-strait baseball exchanges and development by sponsoring baseball training equipment, organizing coach training courses, and subsidizing transportation and accommodation costs for participating schools in Fujian and other provinces and cities to strengthen their grassroots baseball abilities. Through joint efforts from CTBC Bank and various organizations, such as the CTBC Charity Foundation and committees focusing on the next generation in Fujian Province, CTBC Bank sponsors the '2024 Cross-Strait Youth Baseball Exchange Tournament' as part of the '2024 Cross-Strait Sports Festival' series, allowing children who enjoy playing baseball to pursue their dreams on the field. The tournament was encouraged by BFA President and Chinese Taipei Baseball Association Chairman Kuo Chung-Liang, who emphasized the spirit of perseverance and mutual learning in baseball, urging all players to give their best efforts. The opening ceremony was attended by executives from CTBC Bank and the CTBC Charity Foundation, highlighting CTBC's commitment to balancing sports and academic development through initiatives like the 'Love Baseball Project', which has supported 25 rural baseball schools in 15 counties and cities in Taiwan since 2014. The Golden Gate Elementary School baseball team, led by Principal Tsai Hsueh-Fang, participated in the tournament with 22 players and coaches, having reached the top 16 in the national elementary school baseball league for two consecutive years. Their opponents, Ruijing Elementary School, have been active in baseball for nearly 20 years and are the first cooperating school in CTBC Bank's efforts to promote grassroots baseball in Mainland China, demonstrating a strong competitive edge through regular participation in games in locations such as Pingtan, Liancheng, and Shaoxing.
Source: YAHOO
Reported 8 months ago
With the peak summer season approaching, Orange (6180) and GigaMedia (6111) have launched new games to seize business opportunities. Orange's 'Polaris War Chronicles' soared to the top of the pre-download charts on its first day, while GigaMedia's 'Surging Dolphins' is expected to contribute over 20 million NT dollars in revenue during its first weekend of release. Orange collaborated with Nexon to introduce 'Polaris War Chronicles,' marking their 20-year partnership with promising prospects. GigaMedia saw success with a strong player base even before the game launch, indicating potential revenue growth during the summer season. Despite revenue growth in the first five months, GigaMedia aims to significantly increase game releases under new management, targeting 3 to 5 times the current distribution volume.
Source: YAHOO
Reported 8 months ago
Fu Wei Technology Group, a leading factory equipment provider for intelligent quick mold changing systems in the metal forming and plastic injection molding industries, has been at the forefront of the industry in smart manufacturing under the 'Industry 4.0' concept. With their innovative 'Intelligent Mold Management System,' Fu Wei aims to assist manufacturers in establishing a comprehensive and systematic one-stop 'smart automation' management system for molds. They have also enhanced their production equipment to comply with ESG standards, focusing on developing low-carbon equipment for sustainability. The company's CEO, Xiao Wen-lung, highlighted the importance of Taiwan's machinery industry transitioning towards AI and the future integration of intelligent AI into machinery design as an inevitable global trend. Despite challenges such as the recent tension in cross-strait relations affecting business confidence and export competitiveness, Xiao proposed government initiatives to enhance Taiwan's infrastructure and internal market to boost economic growth.
Source: YAHOO
Reported 8 months ago
In an effort to promote financial literacy and raise awareness on fraud prevention, the GreTai Securities Market (GTSM) has been participating in the 'Financial Services Charity Carnival' organized by the Taiwan Financial Services Association and various local governments. This year, jointly hosted with Tainan City Government, the event featured over 100 booths including a 'Financial Education Zone' where GTSM focused on promoting financial knowledge and preventing fraud. Through activities like a 'hammer game' and interactive games on their website, GTSM aimed to educate the public on anti-fraud measures and enhance their ability to combat financial scams. GTSM continues its efforts to prevent investment fraud by providing resources and reminders to investors on their official website.
Source: YAHOO
Reported 8 months ago
In response to a meaningful event, the exchange participated in the '2024 Financial Services Charity Fun Fair' organized by the Financial Association and the Tainan City Government on June 15 in Tainan. With a focus on financial knowledge advocacy, charity, and financial fraud prevention, the event aimed to raise awareness among the public on the importance of financial knowledge and fraud prevention, as well as care for vulnerable groups in society. The exchange set up booths in the 'Financial Education Zone' to interact with the public through fun and educational games on securities knowledge, ESG, ETF investment risks, and fraud prevention, creating a lively atmosphere and promoting education outreach.
Source: YAHOO
Reported 8 months ago
Established in 1979, Kinco Machinery founded the EverRobot division in 2008, focusing on manufacturing industrial robots, system integration, and planning and designing automation production lines. They offer a range of industrial robot products from 6kg to 180kg and design and manufacture automation end-of-arm finger grippers and part fixtures, providing comprehensive planning and Turn-key service solutions for setting up automated production lines, making them the best choice for companies to establish automation lines. With the escalating labor costs, many enterprises are turning to automation, and Kinco's 16 years of experience in industrial robot manufacturing and automation line planning have enabled them to develop an efficient intelligent system for rapid deployment of automated factories.
Source: YAHOO
Reported 8 months ago
In an effort to turn around performance this year, the life insurance industry in Taiwan aims to surpass last year's new contract premiums of 671.4 billion NTD by selling a total exceeding 7,000 billion NTD. With the delay in the Fed's interest rate cut, insurers are pushing for cash-value premiums and transitioning actively by promoting protection, investment-oriented, and relatively conservative variable life insurance policies. The industry is adapting to market demands and potential interest rate adjustments while recording double-digit growth with new premiums reaching 306.3 billion NTD in the first five months of the year, up by 12% from the same period last year.
Source: YAHOO
Reported 8 months ago
Taiwan is about to enter an ultra-aging society, where the future development of the health and medical industry holds promise. In recent years, the number of drugstores has significantly increased, with retail sales of domestic beauty drugstores growing by 95.6% in the past decade. Pharmacies have begun transitioning to provide a variety of services beyond medicines, such as health management, medical devices, maternity and baby products, and cosmetics, adopting strategies like chain operation, diversification, and capitalizing on competition. The focus now shifts to utilizing alliance resources, consolidating, innovating, and managing judiciously. Discussions held by KPMG and the Taiwanese Assistive Devices and Long-Term Care Industry Development Association gathered industry leaders and experts to explore the shift in operational thinking in the domestic large health industry. With Taiwan's strong IoT technology, the emphasis is on integrating IoT into the healthcare industry, prompting changes towards smarter services and sales models in assistive technology. Overall, Taiwan's biotech and medical industry has shown diverse growth and a significant market presence on the OTC market, following semiconductor industries, forming a complete cluster in the OTC market.
Source: YAHOO
Reported 8 months ago
Following a successful autonomous ship test by a major shipping company, the biggest challenge for autonomous ship technology to become mainstream lies in gaining the trust of cargo owners and regulatory authorities. Under the EU-funded AUTOSHIP program, a 13-hour test journey off the coast of Norway marked a significant advancement in maritime autonomous technology. Companies like Kongsberg Maritime and Samsung Heavy Industries are making strides in the field, showcasing successful tests on autonomous vessels and the challenges of gaining regulatory approval for unmanned or remotely operated ships.
Source: YAHOO
Reported 8 months ago
信義房屋於2024年6月16日推出SinyiCare十大守護服務，包括即時行情、產權調查、DiNDON智能賞屋、AI智能配案、履約保證、蟲蛀保障、漏水保障、高氯離子保障、高輻射保障、凶宅保障等多項服務，為買賣雙方提供全方位保障，並持續升級漏水保障等服務。信義房屋以「你的房屋，信義在乎」為理念，堅持提供客戶最完善的服務。
Source: YAHOO
Reported 8 months ago
The devaluation of the Japanese yen has attracted a large number of foreign tourists to Japan, leading to a significant increase in tourism revenue for the country. However, this surge in tourism has also led to a hit in national pride as locals find themselves unable to afford certain luxuries that are now enjoyed by dollar-wielding visitors. The fluctuation in exchange rates has created a divide where wealthier foreign visitors can indulge in high-end experiences while many Japanese locals struggle with lower salaries and increasing costs of living. This disparity is causing concerns about Japan's economic position and future prospects.
Source: YAHOO
Reported 8 months ago
After the conclusion of the Super Central Bank Week on June 16, 2024, state-owned banks recommend balancing stocks and bonds as the primary strategy due to market attention on the anticipated US Federal Reserve interest rate policy. With expectations of a possible rate cut by the Fed in the second half of the year, they suggest a stock-bond balance for investment positioning amidst pre-rate-cut volatility. Various economic indicators and market sentiments are considered in their analysis, highlighting the importance of a balanced investment approach and risk management in the current high stock market environment.
Source: YAHOO
Reported 8 months ago
Since the People's Bank of China introduced the '517 New Housing Market Policies' last month, which eliminated the minimum personal mortgage rates for first and second homes across the entire mainland except for Beijing, Shanghai, and Shenzhen, over 200 cities have relaxed their mortgage policies. With the removal of the minimum mortgage rates, banks have adjusted their rates accordingly, resulting in a noticeable decrease in rates. Additionally, over 200 cities have adjusted their mortgage policies, with most cities now offering first home mortgage rates below 3.5%, and some like Guangzhou and Suzhou as low as 3.15%. Apart from rate reductions, there have been over 70 cities implementing housing exchange policies to further stimulate the real estate market, with some cities already seeing positive outcomes. Various cities have expanded and updated their 'housing exchange' programs to encourage residents to sell their homes and purchase new ones.
Source: YAHOO
Reported 8 months ago
During the opening ceremony of COMPUTEX this year on June 16, 2024, President Lai Ching-te declared Taiwan's ambitions to become an 'AI island' and drive AI integration across government agencies. The office of the Taiwan External Trade Development Council (TAITRA), which organized COMPUTEX, has already revamped its office into an AI-powered workspace ahead of the curve. TAITRA's Chairman, Huang Chih-fang, mentioned that the office refurbishment project was planned as early as 2019, and accelerated during the pandemic, marking the completion of the council's digital transformation journey. Through the use of VR, metaverse, and AI data before exhibitions, TAITRA facilitated more precise engagement for international companies and buyers visiting Taiwan. The integration of AI in the office has significantly boosted the scale of participation and business opportunities at this year's COMPUTEX. While the pandemic impact minimized physical participation, initiatives such as online and virtual exhibitions, and the establishment of an innovation business center, laid the groundwork for future online trade activities, including the Taiwan Image Exhibition connecting over 60 trade offices worldwide in a virtual format.
Source: YAHOO
Reported 8 months ago
The Ministry of Economic Affairs in Taiwan plans to establish a cross-government business electricity sales platform by the end of 2024, with a focus on offshore wind power development. While inviting state-owned enterprises like China Steel Corporation, they envision more than half of the ownership being held by private companies to prevent it from turning into another state-owned entity. The platform aims to carefully design sales targets and resale prices to avoid profit disputes, with plans to negotiate procurement prices with wind power developers for favorable agreements. Challenges include determining sales targets and procurement prices, with a key focus on attracting both wind power developers and large green energy consumers.
Source: YAHOO
Reported 8 months ago
To maintain market order, the Taiwan Stock Exchange has continued its market surveillance operations, disposing of 23 listed stocks in May, totaling 51 in the first five months, an increase of 88.89% compared to the same period last year. The disposed stocks mainly consist of robot, AI, semiconductor, and heavy electrical stocks. With Taiwan's stock market performing remarkably well globally, the index hitting new highs, individual stocks continuously rising, and a significant increase in trading volume, the exchange has been monitoring and taking regulatory measures to address the growing trend of disposal and attention-listed stocks.
Source: YAHOO
Reported 8 months ago
Starting from this year, the 'Minimum Wage Law' has been implemented, with the Ministry of Labor forming a research group to study minimum wage review matters. The Ministry of Labor is expected to convene the 'Minimum Wage Review Committee' at the end of August or early September, with the 'Minimum Wage Consultation Meeting' scheduled for the 20th. Based on the research findings and adjustment recommendations of the Ministry of Labor's research group, the minimum wage adjustment is projected to fall between 3.8% and 4.2%, with a monthly salary of NT$28,500 to NT$28,600 and an hourly wage of NT$190 as the benchmark. Various indicators such as regular wages, unemployment rate, and prices are considered in the review process.
Source: YAHOO
Reported 8 months ago
Taiwan's life insurance company, Taishin Life, has rapidly expanded its organizational and business scale since joining Taishin Financial Holding in 2021. Recently, it was honored with the 'Taiwan's Fastest Growing Life Insurance Company' award by UK media, showcasing its outstanding corporate performance and brand strength internationally. Taishin Life has become a new benchmark in Taiwan's life insurance industry, achieving substantial growth in premium revenue, market share, and total assets compared to previous years, while also making significant contributions in the field of social welfare by sponsoring youth programs and promoting volunteerism among Taiwanese students.
Source: YAHOO