Content about business-taiwan

Highwealth Construction fell 6.78 percent on the Taiwan Stock Exchange on March 22 after the developer unexpectedly announced plans to reduce capital March 21.

The firm closed at NT$53.6 ($1.812) on turnover of NT$15.36 million. It had at one point fallen by its 7-percent daily limit to NT$53.5.

The weighted index, meanwhile, closed up 78 points or 0.97 percent on March 21 at 8,059.94. Turnover totaled NT$94.50 billion during the trading session.

A tourism promotion delegation from Taiwan has arrived in the Malaysian capital of Kuala Lumpurto solicit visits by tourists from the Southeast Asian country.

Under the slogan “Time for Taiwan,” the group will be extolling the experience of visiting Taiwanto potential Malaysian tourists at the Malaysian Association of Tour and Travel Agents (MATTA) Fair, the country's main annual travel show, slated for March 16-18 at the PutraWorldTradeCenterin Kuala Lumpur.

Three travel agencies in Taiwan, the mainland and Hong Kong jointly launched a high-end travel brand on Mar 8 aimed at the growing demand in Asiafor luxury excursions and holidays.

The new company, HH Travel, was formed by Taiwan-based online travel agency ezTravel, mainland’s biggest online travel agency Ctrip.com, and Hong Kong-based Wing On Travel.

One of the first high-end package holidays to be launched by the venture is a NT$4.75 million ($161,270) round-the-world 80-day tour to five continents on Silversea Cruises, said ezTravel president Jack Yu.

Taiwan has the major advantage of having warm relations with the mainland in trying to become an international offshore trading hub for Chinese yuan, a finance expert said on Mar 9 in Taipei.

Peaceful ties between Taiwan and mainland are an advantage “no other place can replace” and with appropriate policies, “Taiwan's financial sector has bright prospects,” said Lu Hongjun, president of the Shanghai Institute of International Finance, after attending a forum held by National Taiwan University's (NTU's) Collegeof Management.

The latest version of Apple's tablet computer iPad is likely to go on sale in Taiwan in one to two months, market sources said on March 8, after the U.S.consumer electronics giant unveiled the gadget overnight.

The sources said based on the sale timetables for the previous two iPad versions, Taiwan could be included in the third round of sales.

Apple announced the new iPad will go on sale for the first time in the United Statesand several other countries, including Canada, the United Kingdom, Germany, Switzerland, Franceand Japan, starting from March 16.

Taiwan began exporting locally grown taro roots fresh taros to the Chinese mainland for the first time on March 5.

A total of 12.6 tons of premium taros produced in the Dajia district of Taichung in central Taiwan were shipped to Shanghai, said Liu Cheng-wen, the chief executive of the Dajia Farmers Association.

The shipment was part of an order for 20 tons of Dajia taros requested by a pastry business that owns nearly 500 outlets in the mainland, Liu said.

Foreign investment banks have painted a mixed picture of whether a new line of phones unveiled by Taiwan’s smartphone maker HTC Corp. will help revitalize its disappointing sales numbers.

HTC launched three Android phones from its new “One” series at the Barcelona Mobile World Congress on Feb. 26 that the smartphone maker hopes will make it more competitive against rivals Apple Inc. and Samsung Electronics Co.

The three phones, featuring improved camera and audio functions, target the high-end, mid-range and low-end markets, respectively.

The 15th Cross-Strait Textile and Clothing Fair will be held in the city of Shishiin southeast China's FujianProvincefrom April 18 to 21, according to a statement from the expo's organizing committeeon Feb 28.

This year's event will focus on chemical fiber textiles, fashion trends, e-commerce and creative design, the statement said.

The four-day fair will also include runway shows for up-and-coming designers and introductions of new textile manufacturing equipment, the statement said.

Taipei is the ninth most expensive city in Asiain terms of high-end residential rentals, according to an annual survey released on Feb 20 by a British human resources consulting company.

Taipei climbed four spots from its 2010 ranking in Asia and shot up nine notches from 52nd to 43rd globally, the ECA International survey showed.

It is the first time that Taipei has been listed among the 10 most expensive cities in Asiasince the survey was first conducted in 1996.

The Chinese mainland will continue to safeguard the legitimate interests of Taiwan businesses and work to ensure their development in a long-term and sustainable manner, the mainland's top Taiwan affairs official said on Feb 10.

Wang Yi, director of the Taiwan Work Office of the Central Committee of the Communist Party of China (CPC), said his office will work with all levels of government administrations and organs to help Taiwan people to tackle difficulties in business.

Chen said at a changeover ceremony that the end of the election means the beginning of responsibility, and Taiwan should continue its growth based on stability.

Taiwan leader Ma Ying-jeou reshuffled the government after he won a second term last month.

"Taiwan needs a new wave of economic transformation, scientific innovation, cultural creativity and research power, and should develop an exportable service sector," Chen said.