Staff writer, with CNAA man suspected of supplying drugs to dealers was arrested in Chiayi and 28kg of ketamine was seized, the Ministry of Justice’s Investigation Bureau said on Tuesday. Investigators learned that Lai planned to make a drug drop in Chiayi City earlier this month and they reported the case to the Chiayi District Prosecutors’ Office, Chu said. A special task force comprising Chiayi police and investigators from the bureau’s Chiayi, Changhua and Yunlin stations was formed to deal with the case, and Lai was arrested on Tuesday last week while traveling on Provincial Highway 82, Chu said. Five kilograms of ketamine were found in Lai’s car, and another 23kg, disguised in packets of coffee and tea, were seized at his home in Changhua, Chu said. Prosecutors have the court’s permission to detain Lai, Chu said, adding that Chiayi County investigators would continue to look for the ring leaders.
June 13, 2018 15:56 UTC
By Ted Chen / Staff reporterAsustek Computer Inc (華碩) chairman Jonney Shih (施崇棠) yesterday said he shelved a succession plan to help the company overcome industry headwinds. Shih had previously been expected to retire at the beginning of this month, but he was unexpectedly re-elected as chairman by the company’s board directors in April. Shih said that vice chairman and cofounder Ted Hsu (徐世昌) remains the company’s top pick to take over the helm. The company expects further challenges ahead, including a brewing US-China trade war and uncertainties about the effects of the New Taiwan dollar’s exchange rate on overseas sales, Shih said. The company expects revenue to decline by a single-digit percentage this year from last year’s NT$434 billion (US$14.53 billion).
Building on the spirit of her husband CTBC Financial Holding Co., LTD founder Dr. Jeffrey L.S. In recognition of her contribution, last month Juilliard awarded Mrs. Mitzi Koo with a certificate of appreciation, making her the first Taiwanese person to have received such a distinction from Juilliard. Many of the previous recipients of the Mitzi Foundation scholarship have gone on to flourish in the international music scene, and include the first ever Mitzi Foundation scholarship recipient, renowned US tenor Anthony Dean Griffey, harpist Jessica Zhou, violinist Michael Larco and British oboist Andrea Overturf. At the same time, Mrs. Mitzi Koo has helped invite and arrange for Mitzi Foundation scholarship recipients to come to Taiwan to perform. Every December,CTBC Financial Holding Co. Ltd.,holds the “CTBC Musical Feast” t and invites current and former Mitzi Foundation scholarship recipients from Juilliard to perform.
By Kuo Chia-erh / Staff reporterAutomotive components maker Hota Industrial Manufacturing Co (和大工業) yesterday said it would continue introducing automation and artificial intelligence (AI) to its production lines to catch up with China’s fast-growing electric-vehicle market. Hota, which mainly produces gears and shafts, supplies components to the world’s largest electric car maker Tesla Motors Inc.Apart from Tesla, Hota is seeking collaboration with some Chinese electric-vehicle manufacturers to expand its customer base, Shen said, as sales of new gasoline and diesel-powered cars are to be banned by 2030 in many nations. The company reported a net income of NT$279.17 million last quarter, up 9.2 percent from NT$255.67 million a year earlier. Gross margin last quarter fell to 33.2 percent from 34.8 percent a year earlier, while revenue rose 4.1 percent annually to NT$1.77 billion last quarter from NT$1.7 billion. Hota shareholders yesterday approved the distribution of a cash dividend of NT$3.75 per share on last year’s profit of NT$1.21 billion, or earnings per share of NT$4.81.
With the latest increase, the company’s market capitalization reached 471.8 billion yuan (US$73.7 billion), up from about 430 billion yuan the previous day. In Taipei, Hon Hai shares yesterday rose 0.34 percent to close at NT$87.70, which translated into a market capitalization of NT$1.52 trillion (US$50.9 billion), up from NT$1.515 trillion the day before. FII’s lead over Hon Hai in terms of market capitalization yesterday widened to NT$670 billion from NT$485 billion on Monday, the figures show. A foreign brokerage issued a target price of 24.6 yuan for FII shares, saying that the shares would continue to rise. FII’s initial public offering raised 27.12 billion yuan, which Hon Hai said would be used for investing in its new software-based areas of interest in China.
The new agency was formed by merging the ministry’s Railway Reconstruction Bureau with its Bureau of High Speed Rail. The Railway Bureau is based in New Taipei City — in the same building as Banciao Railway Station — and opened for business after a ceremony unveiled a plaque bearing the new agency’s name to the public. The Railway Reconstruction Bureau operated for 40 years, and the Bureau of High Speed Rail for 20, Minister of Transportation and Communications Hochen Tan (賀陳旦) said, adding that the Railway Bureau could draw on resources from both agencies in fulfilling its role. “It oversees railway operations nationwide and develops the railway industry in cooperation with other government agencies. Scheduled to begin operations in 2021, a railway technical research and certification institute is one of the organizations that would be overseen by the Railway Bureau.
Youth soccer programs such as the Taipei European School’s (TES) Victory League, which has been hosting youth soccer competitions for years, are one way of getting there. A total of 32 clubs, in under-8 to under-12 age groups, competed in the 160 matches of the 2017-2018 Victory League season, which culminated in a Football Festival at TES last month. Tree House Academy won the title in the under-12 Championship group, with Most Valuable Player being awarded to the Heartbreakers’ Samantha Lauer. Royal Dragons forward Danny Carroll scored a record-breaking 36 goals and was awarded Most Valuable Player and the Golden Boot award. “We do plan to expand the TES Victory League next season.
Staff writer, with CNA, BrusselsA virtual reality (VR) short film from Taiwan titled Your Spiritual Temple Sucks (全能元神宮改造王) has won Best Innovative Storytelling award at the third annual World VR Forum (WVRF) in Switzerland, Taiwan’s representative office in Geneva reported on Sunday. The award was announced on Saturday last week in Crans-Montana, Switzerland, where the WVRF, an international non-profit organization, has held an annual summit and festival since 2016 to advance the VR industry and explore future trends in the market, the office said. The film tells the story of a man who hopes a Taoist ritual will fix his crisis-struck marriage when asking Taoist monks to change his “spiritual temple” in the afterworld, a practice that he believes will affect his real life. While performing the Taoist ritual, people must be blindfolded with a piece of red cloth before the Taoist monks can guide them to the afterworld, said John Hsu (徐漢強), the film’s director. “The nature of this ritual is very similar to VR and that gave me the idea of translating it into a VR film,” he said in an introduction to his film before its premiere at the Sundance Film Festival earlier this year.
Winbond is slated to install equipment for the new fab in 2020 before ramping up production, Chiao said, adding that the 12-inch facility would be built in Kaohsiung. Memory chips made up 81 percent of the company’s total revenue of NT$47.59 billion last year. Winbond shareholders yesterday approved the distribution of a cash dividend of NT$1 per common share. Shareholders also gave the go-ahead for the issuance of new shares to replenish operational capital and to fund capital expenditures. The chipmaker plans to issue 350 million common shares to existing shareholders in the form of global depositary receipts.
Murata has announced it would pull out of certain traditional MLCC markets and focus on high-end MLCCs for electric vehicles, Yageo said. Murata’s exit would increase demand for components by other manufacturers by 20 percent and would further squeeze already tight supply, the company said. As a result, the company expects the supply crunch to continue into the near and medium term, supporting MLCC prices at a reasonable level, Chen said. There are no signs that supply will ease, as customers have requested emergency shipments to avoid production disruptions, Chen said. The supply constraint is caused by supply shortage of chip resistors due to stricter environmental requirements in China, the main manufacturer, Chen said.
Likewise, personal income tax recorded a 12.8 percent annual increase to NT$40.3 billion last month partly because the holiday last year delayed people’s filings, Chen said. BUSINESSBusiness taxes gained 11.3 percent to NT$74.5 billion on the back of a pickup in consumption activity, the ministry said. CAPITALHowever, land value increase tax income dropped 3.9 percent to NT$8.4 billion last month, even though the number of taxable cases grew 3.7 percent from a year earlier to 56,167, the ministry said. Gift taxes plunged 78.2 percent to NT$600 million last month as people adopted better asset allocation strategies, it said. In the first five months of the year, the ministry collected NT$854.7 billion in tax revenue, a 13.2 percent increase from the same period last year, it said.
Standing 272m tall, Taipei Nan Shan Plaza (台北南山廣場) is divided into three parts: seven floors of mixed-use mall space, 48 floors of offices, and a diamond-shaped entrance with a public cultural and art space. The complex has 193,843m2 of floor space divided over 48 stories and four basement floors, according to Nan Shan. Tenants include international accounting firm Deloitte & Touche Taiwan, which occupies seven floors, or 8,000 ping of office space, Nan Shan communications officials said. Nan Shan Life has set up the entrance as a cultural and multi-purpose space, which is currently exhibiting art by physically challenged artists from Taiwan and Japan. The building, the second-tallest in Taipei, might yield NT$4.6 billion in yearly rental income for Nan Shan, officials said.
Filipina Aileen said she had worked in Taiwan for six years, but for the first three years her then-employer did not give her one day off, while many foreign caregivers are asked to work all day, every day of the year. The association said there are about 230,000 foreign caregivers in Taiwan, and more than 60 percent have no days off. Among those supporting the foreign caregivers at the rally was Nan Kuang-yuan (南光遠), who employs a foreign caregiver. The ministry issued a press release at noon, saying that employment contracts for foreign caregivers are required to include one day off every seven days, so the ministry urges employers to abide by such contracts. The labor ministry is working with the Ministry of Health and Welfare to include respite care subsidies for families with foreign caregivers, but caregivers whose rights are being infringed can call the government’s 1955 foreign workers’ consultation and appeal hotline for help, the statement said.
“Increasing utilization at Eclat Textiles’ new garment factories in Vietnam will be a key driver to company sales growth moving forward,” Fubon Securities analyst Fang Chin-yuan (方錦源) said in the note. Eclat, which supplies functional and flexible knitwear fabrics, as well as garment products, aims to increase utilization at its garment plants by 80 to 90 percent in the second quarter, he said. With the addition of new production lines, the company’s overall garment capacity is forecast to increase by about 20 percent — or 1.3 million pieces — to 7.5 million pieces per month, Fang said. From January through last month, aggregate revenue grew 25.59 percent annually to NT$11.2 billion, but the increase declined from the 28.19 percent growth seen in the first four months, company data showed. Revenue also gained support from orders placed by a new brand client, Norway-based sportswear company Helly Hansen, Wu said.
Staff writer, with CNATaichung residents recorded the highest satisfaction ratings for their housing conditions last year, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said on Thursday last week. It was the highest among the special municipalities — Taipei, New Taipei City, Taoyuan, Taichung, Tainan and Kaohsiung — and 2 percentage points higher than a year earlier, the survey showed. Housing prices in Taichung are generally lower than those in northern Taiwan, especially those in Taipei and New Taipei City, so residents there have more disposable income to improve their living conditions, Hsu said. Home owners recorded a satisfaction rating of 85.6 percent, higher than the 73.1 percent registered by tenants. Female respondents recorded a satisfaction rating of 83 percent, while male respondents recorded a satisfaction rating of 85.6 percent, the survey found.