Reported about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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 about 1 year 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
Reported about 1 year ago
On June 17, 2024, former Arkansas governor Mike Huckabee visited Delta Electronics in Taiwan, discussing future collaboration on power equipment business opportunities, especially in the solar energy sector. Delta highlighted Arkansas' active development in solar energy and potential business opportunities in power equipment, expressing the intention to deepen cooperation in becoming a key supplier in the power industry. Huckabee also mentioned the increasing population and power demands in the U.S., emphasizing the importance of reliable suppliers like Delta in providing stable power equipment for the market, strengthening the partnership between Delta and Arkansas for future endeavors in the American market.
Source: YAHOO
Reported about 1 year ago
As the June off-season approaches and consumers tighten spending before summer vacations, department stores have started mid-year sales earlier than usual. With the industry facing the off-season, most stores experienced a slight decline or barely maintained performance in May compared to the same period last year. However, leading stores like Shin Kong Mitsukoshi saw growth amidst the challenges. In an effort to boost performance for the first half of the year, department stores are launching mid-year sales campaigns and aligning with e-commerce promotions such as the 618 Shopping Festival. By offering various incentives to members and forming partnerships across industries, stores aim to attract more customers during this period.
Source: YAHOO
Reported about 1 year ago
In celebration of 15 consecutive years of being the top-selling and most energy-efficient brand, Hitachi Air Conditioner has launched an additional energy-saving subsidy of 1,000 yuan to encourage consumers to replace their old air conditioners at home. Not only can users save on electricity, but they can also enjoy the latest air conditioning technology. The company's series all come standard with freeze wash technology, which effectively removes dust, oil stains, mold, and other substances from the heat exchanger, as well as provides a high level of antibacterial protection. Hitachi Air Conditioner aims to promote energy conservation and environmental protection, aligning with the government's policy towards net zero emissions by 2050.
Source: YAHOO
Reported about 1 year ago
On June 17, 2024, at 4:10 pm, with foreign buying interest returning and sectors like semiconductors, AI, and small-cap stocks taking turns to perform, the Taiwan stock index rose above 22,500 points. Factors affecting the market include the latest Fed interest rate decision and economic data from the U.S., with expectations of a rate cut leading to optimism in the financial markets. Strong performance in AI-related stocks, led by companies like NVIDIA and TSMC, continues to drive market momentum and sector rotation dynamics in Taiwan.
Source: YAHOO
Reported about 1 year ago
East Sun (1319) has set a record high capital expenditure of 4.2 billion this year, with investments in molds and equipment exceeding 2.5 billion and 700 million, respectively. The company's CEO, Wu Yongxiang, revealed plans to continue expanding with additional land purchases and maintaining high capital expenditure next year. To address urgent production capacity issues, East Sun has invested nearly 1.6 billion in acquiring new land and is planning to build a new production factory and logistics center to increase production capacity by over 30% by the end of the year. The company is actively seeking opportunities to increase capacity to meet customer demands, considering options such as land purchases or rentals, with ongoing efforts to optimize existing facilities and enhance automation to cope with labor shortages.
Source: YAHOO
Reported about 1 year ago
With continued strong performance in the AM sector and OEM taking over next year, East Sun is expected to see its revenue and profits rise this year. CEO Wu Yongxiang stated that with the upcoming launch of new energy vehicle models by traditional European, American, and Japanese automakers next year, the OEM market which has been sluggish for over three years is expected to turn around and rise. East Sun's revenue last year was 23.859 billion NT dollars, with a 12.1% year-on-year increase, and a net profit after tax of 3.019 billion NT dollars. Wu is confident that the company's operations will maintain growth momentum for the next three years. East Sun plans to distribute a dividend of 4 NT dollars per share. Wu highlighted the company's financial health, abundant cash reserves, and the strategic investment in new energy vehicle parts production. They are anticipating a significant increase in demand for related OEM parts as the new energy vehicle market expands.
Source: YAHOO
Reported about 1 year ago
In order to promote the employment of middle-aged and elderly individuals, Taoyuan, Hsinchu, and Miaoli Sub-Bureau of the Ministry of Labor's Labor Development Bureau is offering subsidies of up to 500,000 NT dollars to encourage companies to hire retired middle-aged and elderly individuals. Companies are invited to apply for the 'Employing Retired Middle-Aged and Elderly Individuals to Pass on Professional Skills and Experience Subsidy Program' before June 30. One such company, Taiwan's Meng En Technology Co., Ltd., has hired a 71-year-old retired manager as an education and training lecturer under this program, demonstrating how retirees can contribute valuable industry knowledge and expertise. This initiative aims to utilize the valuable skills and problem-solving abilities possessed by seasoned veterans even after retirement, encouraging companies to hire retirees over 45 years old to impart their professional skills for government incentives. For more details and applications, interested parties can contact Taoyuan, Hsinchu, and Miaoli Sub-Bureau's Silver Hair Resource Center at (03) 5583-456.
Source: YAHOO
Reported about 1 year ago
Peng Jinlong, Chairman of the Financial Supervisory Commission, expressed the importance of acquiring consent rather than resorting to hostile takeovers in financial mergers to obtain 100% ownership on June 17, 2024. Peng stated that while hostile takeovers may be a tactic, ultimately, financial mergers should be agreed upon willingly to ensure competitiveness, legal compliance, shareholder rights, and market stability. He emphasized the necessity of reaching mutual agreement to ensure a smooth merger process, even if initially acquiring over 10% of shares through a public bid. Peng highlighted the significance of international competitiveness for Taiwan's financial institutions and success in internationalization due to the establishment of financial holding companies over the past 20 years. He also mentioned that whilst not discussing specific cases, merging financial holding companies could be a feasible solution according to the Financial Holding Company Act, ensuring support for subsidiaries to maintain sound operations.
Source: YAHOO