Three foreigners jailed in Taiwan over ATM heist

Latvian Andrejs Peregudovs, together with Mihail Colibaba from Romania and Niklae Penkov from Moldova, were convicted of causing damage to the public by breaching computer security, said the Taipei district court. They were also each fined Tw$600,000 ($19 ... ( read original story ...)

Chunghwa posts 4Q profit

TAIPEI, Taiwan (AP) _ Chunghwa Telecom Co. (CHT) on Wednesday reported fourth-quarter profit of $242.6 million. On a per-share basis, the Taipei, Taiwan-based company said it had profit of 31 cents. The telecommunications company posted revenue of $1.83 ... ( read original story ...)

Taiwan economy rallies thanks to electronics demand

Taiwan's economy notched up its best performance in almost two years in the final quarter of 2016, with strong demand for electronics offsetting a plunge in mainland tourists, according to official data released Wednesday. Growth was 2.58 percent year-on ... ( read original story ...)

Taiwan Economic Crisis Acute, Needs Reforms

He believed Taiwan could leverage its financial services sector, calling it a critical factor in boosting economic growth in places like Hong Kong and Singapore. But he warned that “research shows that Taiwan’s service sector lacks a competitive edge”. ( read original story ...)

Taiwan rules steel makers hurt by products from six countries

Taipei, Jan. 23 (CNA) The Ministry of Economic Affairs has ruled that steel products imported from China, South Korea and four other countries have caused "substantive damage" to the local steel industry and will ask the Ministry of Finance to decide ... ( read original story ...)

iPhone assembler Foxconn may invest $7B in US display plant

TAIPEI, Taiwan (AP) — The Taiwanese company that assembles Apple's iPhones and other electronics is considering investing $7 billion in a U.S. factory to produce display panels that would create as many as 50,000 jobs. Foxconn CEO Terry Gou discussed the ... ( read original story ...)

Taiwan Accelerator Invests In 8 Startups

Beginning on February 2, Taiwan Accelerator will provide the 8 selected startups with comprehensive courses on professional entrepreneurial mentorship, finance, legal, media relations, integrated marketing, branding, investor relations, pitch deck ... ( read original story ...)

Taiwan's Foxconn chief confirms mulling $7 bn US investment

The head of Taiwan's tech giant Foxconn confirmed Sunday he is considering a $7 billion investment to make flat panels in the United States in a joint project with Japan's SoftBank. US President Donald Trump had announced before taking office a $50 billion ... ( read original story ...)

Taiwan's IPO funds drop 30% in 2016

While the number of companies that listed their shares for the first time on the Taiwanese market rose slightly to 60 last year, from 58 in 2015, funds raised from initial public offerings (IPOs) dropped more than 30% annually. According to Pricewaterhouse ... ( read original story ...)