Areas such as New Taipei City, Keelung, Taoyuan and Hsinchu can expect 200mm of rain, while mountainous areas of Kaohsiung and Changhua County are likely to see 500mm, the bureau said. It forecast 800mm and 700mm of rain for the mountainous areas of Nantou County and Taichung respectively. Kaohsiung started experiencing extremely heavy rain yesterday afternoon, with the Jinshan area of Yanchao District (燕巢) receiving 79mm of rain in an hour and more than 111mm over six hours, the bureau said. Tainan began experiencing heavy rain as of 9am and reported the formation of multiple pools of water. The plum rain front would slowly move south during the week, causing unstable weather until Friday, bureau forecaster Hsu Chung-yi (徐仲毅) said.
“A new version of our Sole-brand fitness equipment has boosted our North American sales since late last year. “Orders from Japan for CogniBike-brand medical rehabilitation equipment recovered last month after the Japanese government revised the nation’s long-term care services law,” he added. Dyaco reported revenue of NT$413.17 million (US$13.14 million) for last month, up 1.98 percent annually, but down 9.61 percent monthly. The company attributed the decline to weak sales of fitness equipment in the northern hemisphere. The company said it would adjust its production lines if the US imposes tariffs on fitness equipment made in China.
AP, SHANGHAIChinese tech giant Huawei Technologies Co (華為) yesterday said it would have become the world’s No. 1 smartphone maker by the end of this year if it were not for “unexpected” circumstances — a hint that pressure from the US might be hurting its sales. Washington last month put Huawei on a blacklist that effectively bars US firms from selling to the company without government approval. “We compete quite favorably with Huawei, with or without the current security concerns,” Suri said in an interview with Bloomberg TV’s Caroline Hyde on Monday. Suri dismissed the idea that security concerns in Europe — which have prompted some governments to tighten oversight of Huawei — could delay the rollout of 5G in the region.
Even after squandering a six-point lead with three minutes left, the Raptors still had a chance to win the game, but Kyle Lowry’s last-second shot from the corner was not even close. The Raptors guard dismissed suggestions that they let thoughts of celebrating a title on their home floor creep into their minds. The Raptors have two more chances to close out the best-of-seven series, which resumes in Oakland on Thursday. A Warriors win would set up a winner-take-all clash in Toronto on Sunday. “Man, they played their guts out, kept on fighting, and put themselves in position to win it.”
The utilization rate at the company’s specialty chemical plants is nearly 100 percent, he added. Oriental Union, a midstream company in the petrochemical industry, extracts ethylene from crude oil to make EG and more than 170 specialty chemical products. Although the price of EG remains low, there would be a margin of profit if the price of crude oil hovered at about US$60 per barrel, the company said. Due to low prices for EG, the company’s revenue for the first five months of the year fell 17.47 percent to NT$10.94 billion (US$348.01 million) from NT$13.26 billion a year earlier, Oriental Union said. Oriental Union reported that net income in the first quarter fell 68.11 percent year-on-year to NT$190.9 million due to sluggish EG prices.
Purchases by the electronic components industry led the sector, increasing 44.5 percent to NT$214.1 billion and accounting for 65.7 percent of overall purchases in the sector, the data showed. The increase was due to semiconductor companies expanding manufacturing bases and acquiring equipment to upgrade production lines, the department said. The chemical materials industry had the second-largest amount of purchases, increasing 30.6 percent to NT$18 billion thanks to petrochemical firms adding production lines and launching cogeneration-engineering projects. Purchases by the metal product industry increased 30.9 percent to NT$11.1 billion thanks to investment in ongoing wind farm projects. New factories and equipment for the production of stainless steel pipes also contributed to the increase, the department said.
By Crystal Hsu / Staff reporterThe government yesterday approved the reappointed of former First Commercial Bank (第一銀行) president Grace Jeng (鄭美玲) to replace Tsai Li-shieu (蔡麗雪), who held the position for less than three months. The Executive Yuan approved the reappointment one day after the lender announced Tsai’s resignation and Jeng’s reappointment in a statement. The Ministry of Finance issued a statement rejecting accusations that appointments at state-run financial institutions were underpinned by patronage. Tseng, who chaired the Financial Supervisory Commission before becoming a lawmaker, said that the government should respect professional qualifications when choosing candidates to manage state-run financial institutions. Jeng, who served in different positions before being appointed bank president for the first time, had indirectly complained about her removal in a handover ceremony in April.
AFP, CARY, North CarolinaGoalkeeper Stephanie Labbe, who is right in the firing line for Canada at the women’s World Cup in France, knows all about the fight for equality in a male-dominated sport. After bringing home a bronze medal for Canada in the 2016 Olympics, Labbe sought to rekindle a dying passion for soccer by training with a professional Canadian men’s team. She joined the Calgary Foothills, a minor league club that serve as a feeder outfit for Major League Soccer in the US, in a bid to keep sharp and show her credentials. “Hold, drive, balance, good!” Thackery said as he put Labbe through her paces on the training field, peppering her with shots. Among her club teammates, Labbe — who started for Canada when they began their World Cup campaign against Cameroon in Montpellier on Monday — is known for her humility.
BloombergAustralian business confidence surged after Australian Prime Minister Scott Morrison’s shock election win, while conditions again deteriorated, providing further grist to the central bank’s decision to cut interest rates. Sentiment last month jumped 7 points from zero the previous month, the biggest gain since the center-right government came to power almost six years ago, National Australia Bank (NAB) Ltd’s survey showed yesterday. “Trading conditions and profits are particularly weak,” NAB chief economist Alan Oster said. Confidence was bolstered by Morrison’s come-from-behind win on May 18, which was bracketed by the NAB survey that ran from the May 14 to 24. Conditions “are now well below average — the key message remains that the private sector continues to lose momentum,” Oster said.
For the past four years, she has ripped it up in training to try to emulate dozens of Cuban men in winning Olympic boxing gold. Elsewhere, gender equality in sports has evolved and boxing joined the ranks of women’s Olympic events at the London Games in 2012. Moreno dismisses the views of Cuban men that boxing is too dangerous for her, insisting that body protection is more than adequate. The official reluctance to recognize female boxing “will end up discouraging” young women who want to climb into the ring, Moreno said. They continue to train, fueled by optimism that the Cuban Sports Institute might eventually give a green light to women’s boxing ahead of the 2020 Olympics in Tokyo.
“We prepared our structure and formation, but Canada are fifth in the women’s ranking and we are 46th,” Djeumfa said. Canada are a more mature team and we saw that out there.”Canada, who in 2015 reached the quarter-finals, play New Zealand next, while Cameroon play the Netherlands, with both games taking place on Saturday. ARGENTINA VS JAPANJapan’s quest to reach a third consecutive women’s World Cup final on Monday began with a dull goalless draw, as Argentina claimed their first-ever point at the tournament. The result ensured that Carlos Borrello’s Argentina avoided defeat for the first time in a World Cup match, having lost each of their previous six games in the competition. Japan, who lifted the World Cup in 2011 by defeating the US, will be disappointed with their sluggish display in the final third after recording just three tries on goal.
By Crystal Hsu / Staff reporterState-run Taiwan Asset Management Corp (TAMC, 台灣金聯), the nation’s largest bad-loan operator, aims to diversify its income sources and keep its earnings ability steady this year as the pool of bad assets dwindles, top executives said yesterday. The Taipei-based company last year posted net income of NT$1.2 billion (US$38.17 million), or earnings per share of NT$0.8. The remaining 36 units cost an average of NT$4.19 million, company data showed. Rents generate 30 percent of revenue, in line with a change in strategy to increase the share of recurring income, Kuo said. TAMC has partnered with hoteliers to convert idle buildings in Taitung and Taichung into lodging facilities to boost rental income.
Delta provides fans and passive components to Huawei, contributing less than 1 percent to the company’s revenue, Hai said. Cumulative revenue grew 14.77 percent annually to NT$102.09 billion in the first five months of the year, it said. Delta predicts that 5 to 7 percent of its revenue has been affected by the ongoing US-China trade tensions, with the networks and communications segment suffering the most. To circumvent US tariffs, Delta has moved a majority of its advanced production lines for its networks and communications business to Taiwan, Hai said. Delta in April acquired a 63.78 percent stake in Delta Electronics (Thailand) PCL (泰達電).
By Kao Shih-ching / Staff reporterInsurance complaints to the Financial Ombudsman Institution (FOI) surged by 44 percent in the first quarter, led by disputes over health insurance coverage and claims of false sales information. Consumers submitted 1,354 insurance complaints in the first three months of this year, with life insurance disputes making up 72 percent and property insurance disputes 25 percent, an agency report said. Most claims-related disputes were related to health insurance policies, with policyholders complaining that insurers refused coverage, denied claims for certain procedures or provided unsatisfactory compensation, the agency report said. Sales agents giving false information regarding policy coverage, guaranteed interest rates or regulations on premium payments made up the majority of non-claims-related cases, it said. Among the 978 complaints about life insurers, Cathay Life Insurance Co (國泰人壽) led the list with 169 complaints, followed by Nan Shan Life Insurance Co (南山人壽) at 136 complaints and Farglory Life Insurance Co (遠雄人壽) at 114, agency data showed.
BloombergThe Bank of Japan (BOJ) can deliver more big monetary stimulus if necessary, but needs to take care with its side effects on the financial system, Governor Haruhiko Kuroda said. The BOJ would ease further if momentum toward its 2 percent inflation target is lost, Kuroda said in an interview with Bloomberg TV’s Kathleen Hays in Fukuoka, Japan, where central bankers and finance chiefs from G20 nations met over the weekend. The governor said the BOJ does not need to act now, citing the health of the Japanese economy. While economic growth data released yesterday provides some support to Kuroda, inflation is still less than halfway to his goal and investors question whether the BOJ’s ultra-aggressive stimulus program is sustainable. “If the momentum to our 2 percent inflation target is lost, then of course, the Bank of Japan will swiftly respond by changing our policy,” Kuroda said.