Reported 10 months ago
Hsinchu Medical Material Group, founded by Chairman Zheng Yongzhu and his two brothers in 1974, celebrated its 50th anniversary with a grand event on June 14th that included a ceremony for sustainable development goals. The group specializes in producing and selling various medical consumables, such as masks, gloves, and surgical dressings, expanding its business to Thailand and China. In response to global sustainability goals, the group launched recyclable eco-friendly masks and a mask recycling system to reduce carbon emissions. The chairman pledged to reduce energy consumption, promote green production, support charity, and ensure legal compliance for a healthier enterprise and planet.
Source: YAHOO
Reported 10 months ago
Traditionally high production costs for established car manufacturers have led global consumers to opt for more affordable Chinese-made cars. In 2023, Chinese car manufacturers recorded a total sales volume of 13.43 million vehicles, capturing 17.9% of the global market share, surpassing American brands for the first time and ranking third globally, following Japan (29.1%) and Europe (24.9%). The growth rate of Chinese car sales also exceeded that of the US, with Chinese manufacturers seeing a 23% year-on-year increase compared to a 9% increase for American manufacturers. Chinese carmakers like BYD sold 13.4 million vehicles in 2023, surpassing the total sales of American brands like Ford and Chevrolet. Chinese manufacturers expanded their presence in emerging markets in the Middle East, Central and West Asia, Africa, and also saw growth in Central and South America, Southeast Asia, Europe, and Australia. Analysts predict that potential EU tariffs on Chinese electric vehicles may prompt Chinese manufacturers to further invest in emerging markets where they are performing well and facing fewer trade barriers. The article also notes the rise in the export of Chinese electric vehicles due to price wars in the domestic market affecting profits, following a warning from Tesla's Elon Musk about Chinese companies potentially dominating the industry without trade barriers in place.
Source: YAHOO
Reported 10 months ago
Trend Micro collaborates with AI leader iKala to launch an AI digital carbon checking tool plus cloud hosting services in Nangang, Taipei, aiming to assist in ESG efforts. With the increasing demand for green supply chains worldwide, the pressure on Taiwanese factories grows. The article discusses the significance and advantages of Trend Micro's AI digital carbon checking tool in meeting the rising demands for carbon checking among businesses, highlighting the potential for AI applications to support ESG initiatives.
Source: YAHOO
Reported 10 months ago
The Ministry of Economic Affairs' Geological Survey and Mines Bureau stated that they have completed the regional-scale underground geological survey in the Penghu vicinity, as well as the nearshore areas of Hsinchu and Miaoli for offshore wind farm zones. By identifying geological impact factors, wind power developers can effectively shorten the environmental evaluation process, accelerate turbine construction, and increase green energy output. The survey revealed potential geological factors such as shallow faults, sand waves migration, fluid chimneys, hard rock layers, and anticlinal structures, emphasizing the importance of careful planning to avoid construction risks in these areas.
Source: YAHOO
Reported 10 months ago
Taiex hit a record high of 22,567 points during trading on June 17th, supported by local institutional investors, but later turned negative due to profit-taking pressure, closing at 22,496 points with a minor drop. The OTC index closed in the green, driven by hot quarter-end trading activities from institutional investors. A total of 127 listed stocks reached new closing highs this year, with small and medium-sized stocks being favored. Various industry experts pointed out the strength of sectors like biotech, optoelectronics, green energy, and tech giants, leading the market to intraday highs. Short-term trading focuses on sectors like semiconductor-related stocks, tech giants, industrial electronics, green energy, shipping containers, Olympic concept stocks, etc. Additionally, major companies like Quanta are expanding production, Taiwan Mobile is investing more in the US market, and Far EasTone is active in overseas transactions.
Source: YAHOO
Reported 10 months ago
According to CMoney statistics, the majority of Taiwan stock ETFs listed before last year have seen their size grow steadily from the beginning of this year until June 12. Among them, the Daiwa Excellent High Dividend 30 (00918) has shown the highest growth rate, with its size more than doubling, now exceeding 30 billion New Taiwan dollars and ranking among the top ten Taiwan stock ETFs. As the Taiwan stock index reaches new highs, the ETFs' growth is driven by factors like consistent dividends, growing stock prices, and increased investor interest. Fund managers recommend focusing on ETFs with high-dividend stocks in sectors like electronics, shipping, and finance to seize investment opportunities in the market.
Source: YAHOO
Reported 10 months ago
Dr. Fu Yinzhi, the director of Taipei World Clinic, mentioned that the Daitung Happy Learning Center is the only sunlight center in Taiwan that has been approved by the Ministry of Education to teach a curriculum on intergenerational learning. With Taiwan entering an ultra-aged society, various local elderly assistance and residential solutions have emerged due to difficulties in replacing foreign caregivers. In response, the government has been providing services and external resources, focusing on 'Inter-Generational Learning,' 'Care Services,' and 'Elderly Residential.' In 2025, Taiwan officially steps into the ultra-aged society, and to ensure that the elderly can enjoy their lives peacefully, Kaohsiung city has built three safety nets, including sunshine centers for the elderly, community care centers, and C-grade alley long-term care stations. This initiative aims to promote 'Inter-Generational Harmony' by establishing sunshine centers on campuses, with Kaohsiun being a pioneer in this field. By cooperating with Kaohsiung municipal government, the Daitung Happy Learning Center has successfully implemented innovative elements to enhance the well-being of the elderly, such as AI technologies and interactive visuals, helping to delay cognitive decline among the elderly.
Source: YAHOO
Reported 10 months ago
System Electric (5309) and a leading American engineering vehicle company secured an order for Industrial PC (IPC), indicating a potential increase in shipment momentum for H2. Meanwhile, Arlec (1514) surged to a new high of 148 Yuan, with three consecutive days of gains, potentially challenging the previous high in mid-April. System Electric's revenue for the first five months of this year reached 1.401 billion NTD, up by 1.09% annually. The company's collaborations and prospects in various sectors like automatic driving engineering vehicles, geology application IPC, and Bluetooth TPMS systems for electric vehicles contribute to its growth potential.
Source: YAHOO
Reported 10 months ago
Shang Yu Advanced Materials under Shangteng Automotive Group has introduced the new innovative UShield (U盾) heat insulation film from the South Korean brand E&B, featuring innovative materials and strong UV-resistant sunscreen technology for a revolutionary outlook in the domestic market. The UShield series offers eye-catching color effects and effective UV protection, while providing top-notch protection for vehicles with its self-healing PPF paint protection film. Shang Yu is adopting Korea's UShield storefront model by setting up a flagship store in Taiwan, offering consumers a one-stop premium service experience for heat insulation film, PPF paint protection film, and coating. From now until August 31, customers installing specified products at authorized construction stores nationwide can receive a limited 'Car Air Purifier' or 'New Zealand Rosehip Oil' (choice of one). Customers who install the full range of products and complete online registration will receive an 6-month warranty extension and can participate in a midsummer lucky draw for a chance to win prizes like iPads and Korean double tickets. For more information, please visit the UShield official website: https://www.ushield.com.tw/.
Source: YAHOO
Reported 10 months ago
AI advancements have increased the demand for electricity, leading to nuclear power becoming a mainstream source of energy in the green era. Microsoft co-founder Bill Gates is heavily investing in this sector, stating that the US government will continue supporting nuclear power development. Gates' energy company TerraPower has received approval to build a new-generation nuclear power plant in Wyoming using liquid sodium cooling technology. This plant is expected to start generating electricity before 2030 and is the first commercial nuclear power plant built by a private enterprise in the US in nearly a decade. Gates emphasizes the benefits of nuclear energy, beyond just combatting climate change, which has bipartisan support in the US due to its ability to address both clean energy development and energy security concerns.
Source: YAHOO
Reported 10 months ago
Paimao Plastics, a hidden champion in the beauty industry, is constructing a one-stop production line for cosmetic plastic containers in the Dali Industrial Park. With a focus on sustainability and staying in Taiwan, the company is investing billions to build an energy-efficient new operation center incorporating solar panels that will reduce CO2 emissions, earning accolades for green building. Adapting to stricter beauty packaging regulations and rising demand for eco-friendly materials, Paimao is introducing smart machinery and systems in their new center to produce 100% recycled packaging, promoting a circular economy and green practices. The establishment of this eco-conscious center not only enhances production capacity but also sets a new benchmark for sustainable development in the industrial park, showcasing the coexistence of environmental protection and economic benefits.
Source: YAHOO
Reported 10 months ago
According to statistics, young people's preferred financial tools include TWD/foreign currency deposits, TAIEX, savings-type insurance, and ETFs. However, their financial risk resistance is lower compared to other age groups. During the graduation season in June and July, Far Eastern Life recommends that new graduates should first establish basic security in their financial planning. They can gradually plan by focusing on three key points: 'Budget Management and Reasonable Planning,' 'Prioritizing Current Needs,' and 'Regularly Reviewing Insurance Policies.' By following the 6-3-1 rule of financial allocation, they can ensure their budget is allocated without affecting their lifestyle. It's important for young adults just entering the workforce to manage risks and prevention since their income is limited. By transferring risks, prioritizing current needs, and conducting regular insurance policy check-ups, they can prepare for unexpected events without disrupting their lives.
Source: YAHOO
Reported 10 months ago
Skin problems like acne, eczema, rosacea, and seborrheic dermatitis are common issues that can affect people's quality of life and confidence, especially during seasonal changes, high stress, or poor diet. While quick fixes like medications and injections are sought after, long-term management is crucial. Dermatologists from Taichung Lianhua Dermatology emphasize the importance of long-term care in addressing skin conditions, complementing Western medicine's acute symptom relief with Traditional Chinese Medicine practices such as stretching, dietary adjustments, exercise, and stress management for fundamental changes in skin health. They recommend lifestyle adjustments like reducing intake of strong-flavored, cold foods, staying relaxed, and getting sufficient sleep to improve skin conditions, stating that without lifestyle changes, medication alone will not suffice.
Source: YAHOO
Reported 10 months ago
The escalating trade dispute between China and Europe is causing concerns in the European industry. A report from the German Chamber of Commerce in China (AHK) revealed that price drops and weak demand are the two major challenges facing German companies in China. The survey showed that 61% of the 186 German member companies identified price pressure as their biggest issue, with 75% reporting overcapacity leading to business impacts. The German Vice Chancellor and Minister of Economy will be visiting South Korea and China to discuss tariff issues, with optimism that a direct negotiation with China could lead to a solution before the tariffs take effect.
Source: YAHOO
Reported 10 months ago
According to Wei Qiaoyi's report from Taipei on June 17, 2024, the US stock market has been hitting new highs this year, driven by AI and technology-related themes, boosting the buying appetite for US stock funds. In the past week, the flow of funds into global equity funds showed that US stock funds continued to lead with a net inflow of $6.348 billion, followed by Asia (excluding Japan) and Latin American stock funds also experiencing net inflows. US stock funds have seen the highest inflow of $83.492 billion this year, while European stock funds had the highest outflow of $24.964 billion. With positive outlook on the US economy and corporate earnings growth, fund managers suggest adopting a diversified industry strategy to balance investment portfolios amidst market uncertainties.
Source: YAHOO
Reported 10 months ago
Juxiang (2476), a stamping parts manufacturer, has successfully transformed in recent years by expanding into the automotive and medical product sectors and increasing production capacity to enhance gross profit margin and operational momentum. With new factories in Taoyuan, China, and the Philippines expected to be completed in the second half of this year, along with an increase in sales of automotive, medical, and industrial equipment, Juxiang's future operations and gross profit margins are expected to rise gradually. The company's focus on reducing the proportion of consumer electronics products by expanding into automotive and medical markets has shown positive results. The company plans to achieve a balanced portfolio by 2025, with automotive, 3C, and industrial equipment products each accounting for one-third of total revenue.
Source: YAHOO
Reported 10 months ago
Despite inflation and rising interest rates impacting consumer spending, RV sales in the US are gradually picking up, indicating a positive sign for the economy. The RV Industry Association (RVIA) estimates shipments between 329,900 and 359,100 units in 2024, increasing to 374,200 to 408,600 units in 2025. The industry saw a surge in demand due to the pandemic in 2021, with sales reaching over 600,000 units. Sales declined in 2022 and 2023 but are expected to bounce back in 2023 following the bottoming out. Consumers' RV-related spending decreased in 2023 but remained higher than pre-pandemic levels.
Source: YAHOO
Reported 10 months ago
Dai Ruiyao and Wei Qiaoyi/Taipei report, June 17, 2024, 4:10 PM. 'Money Staying in Taiwan' is one of the significant tasks of Financial Supervisory Commission Chairperson Peng Jinlong. He aims to guide the insurance industry's 'new money' to stay and invest in Taiwan rather than solely abroad, directing insurance funds towards public infrastructure by resolving three major challenges across departments. Peng Jinlong also plans to push Taiwan into being the Asian asset management hub, managing Taiwan's wealth in Taiwan. During a meeting with six major life insurance companies, Peng Jinlong disclosed three key issues that need addressing in life insurance investments in public infrastructure: sourcing projects, ensuring return rates meet life insurance fund requirements, and deciding investment methods like securitization, bonds, BOT, or direct investment. Peng Jinlong's goal is to find experimental cases to provide more investment choices for the insurance industry, encouraging new funds to stay in Taiwan and gradually attracting expired funds back. He also aims to establish Taiwan as an Asian asset management hub, recognizing Japan's progress and setting Taiwan to coexist with Singapore and Hong Kong in the future.
Source: YAHOO
Reported 10 months ago
Kunyih (2365) benefited from the robot sector, with its stock price initially fluctuating after opening at 31.85 yuan on June 17, 2024. However, a surge occurred when buying pressure entered the market, pushing the price to the daily limit of 35 yuan with a trading volume exceeding 14,000 shares. Kunyih reported a first-quarter revenue of 224 million yuan, a 13.46% growth from the previous quarter and a new high in nearly six quarters, with a year-on-year growth of approximately 27.69%. They also announced strategies to sustain growth, including five new initiatives and three cost reduction measures.
Source: YAHOO
Reported 10 months ago
Taitung, rich in agricultural resources, has been actively promoting its 'Taitung Flavors' brand in recent years. The locally grown Taitung red oolong tea has gained attention for its unique characteristics of rich flavor and clear tea soup. In the Taitung Ingredients Competition, 76 teams from across the country showcased their creativity by incorporating the secret ingredient, 'Summer Snow Mango.' The winning creation by Team 1 Bing Yan combined these two ingredients uniquely, highlighting the diverse applications of Taitung red oolong tea and summer snow mango. The event aimed to promote Taitung's delicious flavors and high-quality agricultural products both domestically and internationally.
Source: YAHOO
Reported 10 months ago
The hot demand for AI has led to a surge in air freight rates, with most shipments currently being large AI servers. Routes from Taiwan to Europe and the US have seen a sharp increase in freight rates this week. The high unit prices of AI servers, PCs, and smartphones have prompted major tech companies to ship before the end of June at higher shipping costs, driving up freight rates to over $9 per kilogram on transpacific routes, nearing the 300 NTD mark. The volume of cross-border e-commerce shipments from mainland China continues to increase, coupled with concerns about rising freight costs and tight cargo space, leading to early shipments and pushing up freight rates, making the second quarter of this year more noticeable in terms of price hikes. Optimistically estimating an early peak in the air freight peak season. Several freight forwarders have provided cargo freight quotes from China Airlines and EVA Air this week, with freight rates flying from Taiwan to the US West Coast rising to around 250-265 NTD per kilogram (including fuel surcharges), flying to the US East Coast rising to around 265-290 NTD per kilogram, and flying to Europe rising to around 170-180 NTD per kilogram. For air cargo transportation, the main push comes from e-commerce freight, with freight rates being driven by semiconductor machinery, AI chips, and servers, along with corporate production lines moving from China to Southeast Asia to boost trading volumes in the Asian market, with a more significant growth estimated for the third quarter. This year is seen as the year of AI, with most shipments currently being large AI servers and focusing on major companies such as Quanta, Wistron, ASUS, and Gigabyte, benefiting from the active infrastructure construction by hyper-scale data center customers. With Taiwan's AI supply chain in motion, the future of air freight is promising. According to estimates by The International Air Cargo Association (TIACA), approximately 20% of global transactions currently come from e-commerce, with the proportion in the transpacific region reaching as high as 60-70%. Mainland China's four small dragons, including Pinduoduo's Temu, SHEIN, Alibaba's AliExpress, and TikTok shop, have already announced an increase in third-quarter shipments, opening up new markets. It is noteworthy that to avoid the possibility of imposing high anti-dumping import tariffs by the US and Europe before the end of the year, the volume of sea freight exports of electronic commerce, electric vehicles, and renewable energy-related goods from mainland China has significantly increased since May, with freight forwarding companies believing that with the approaching tariff imposition date in July and August, concerns about not having enough sea freight might lead to an increase in air freight, bringing forward the air freight peak season to June and July. More rePorts from the Business Times on the US economic restart, Nike's financials exceeding expectations, Taiwan's first domestically-produced hybrid car price reductions, and the environmental lawsuit regarding the Taichung copper drum yard area being approved.
Source: YAHOO
Reported 10 months ago
As the mid-year 618 Celebration peaks on June 18, major e-commerce platforms are offering discounts and high credit card rewards to attract shoppers. Products like iPhone, appliances, and even gold bars are highlighted, while summer vacations drive ticket purchases. With momo offering over a million dollars in rewards during the '618 Mid-Year Sale', the demand for luxury goods and electronics is on the rise. The e-commerce frenzy is expected to drive a 40% increase in vacation ticket purchases this summer.
Source: YAHOO
Reported 10 months ago
Chip giant Intel is currently facing a class-action lawsuit for allegedly not disclosing the losses in its manufacturing division accurately and outsourcing about 30% of its production capacity to partners like TSMC, causing a significant drop in its stock price with a loss of over 36% in value. The lawsuit, initiated by Levi & Korsinsky, accuses Intel of misleading statements regarding its in-house manufacturing operations and seeks accountability for the estimated $7 billion loss in 2023, prompting disappointed investors to join the securities fraud lawsuit until the July 2 deadline.
Source: YAHOO
Reported 10 months ago
Several A-share listed companies in Mainland China have recently disclosed in their announcements that they are being pursued by local governments for tax payments dating back as far as 30 years, with some companies being asked to repay hundreds of millions of yuan in outstanding taxes. Reasons for these tax investigations include policy changes, underreporting, failure to report according to regulations, low pricing in related transactions, and misunderstandings of tax policies. Recent economic challenges in Mainland China are leading to stricter tax enforcement, with no set time limit for tax investigations, theoretically allowing the government to pursue taxes as long as there is evidence. The complexities of tax laws and enforcement make it challenging for companies to navigate these investigations and potential repayments.
Source: YAHOO
Reported 10 months ago
In June 17, 2024, our country is aligning with IFRS 17, which has been a concern for large life insurance companies who are actively preparing for it. Nan Shan Life Chairman Wei Baosheng expressed during PwC Taiwan's '2024 Taiwan Financial Industry Enterprise Leaders In-Depth Interview Special Edition' that the alignment with IFRS 17 in 2026 is a rare opportunity for the domestic life insurance industry and that foreign investors have confident expectations for its future development. He also emphasized the need to prepare for exchange rate risks in light of the increase in funds allocated for overseas investments.
Source: YAHOO