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Friday, April 11, 2014
The Indonesian Employers Association (Apindo) has warned the Indonesian government not to expect too much from the large investment promised by Taiwanese technology giant Foxconn, saying that the company has yet to show serious commitment.
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Inventec Corp., one of Taiwan's leading notebook computer ODM service providers, said its consolidated sales for the first quarter rose almost 16 percent from a year earlier on the back of deferred orders from its major clients from the second half of last year.
Local companies released their financial statements for March and the first quarter yesterday, with many, including Chunghwa Telecom (CHT, 中華電信), Hon Hai Group (鴻海集團) and Delta Electronics Inc. (台達電) reporting high growth figures.
Shares of Innolux Corp. (群創光電), one of Taiwan's leading flat panel makers, moved higher Thursday morning after the company reported a roughly 50 percent month-on-month increase in sales for March, dealers said.
Financial Supervisory Commission (FSC) Chairman Tseng Ming-chung (曾銘宗) on Wednesday acknowledged that a number of regional financial institutions may become a haven to avoid taxation as Taiwan's participation in the U.S.'s Foreign Account Tax Compliance Act (FATCA) approaches on July 1.
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Taiwan -- Ex-VP Siew meets Chinese premier at Boao
Former Vice President Vincent Siew (蕭萬長) on Thursday reiterated to Chinese Premier Li Keqiang (李克強) Taiwan's intention to join the China-led Regional Comprehensive Economic Partnership (RCEP) at the Boao Forum for Asia.
Taiwanese smartphone vendor HTC Corp. (宏達電) has received pre-orders online from customers in China for more than one million units of its new flagship HTC One M8 smartphone, according to website statistics.
The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.032 to close at NT$30.130 on expectations that the U.S. Federal Reserve will keep interest rates low for some time, dealers said.
Ting Hsin-affiliated information and communications technology (ICT) company Inhon International (應宏集團) on Thursday said it might take one of its five spin-offs public as early as next year.
Shares in Taiwan closed higher Thursday as late session bargain hunting relieved earlier downward pressure to vault the index back into positive territory, dealers said.
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