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Tag: financials

Posted on 23/09/2023

UPDATE 1-Japan’s Mitsui, Canada’s Northland to build 1 GW offshore wind farm in Taiwan

The HL2A will sell electricity to Taiwan Power Company under a 20-year power purchase ... while about 540 billion yen will be funded through project finance. The deal is subject to project finance ...

Posted on 22/09/2023

Northland Power, Mitsui team up for $6.5B Taiwan offshore wind project

Northland Power (OTCPK:NPIFF) and Mitsui (OTCPK:MITSF) (OTCPK:MITSY) unveiled plans Friday to build the 1 GW Hai Long offshore wind farm in Taiwan at an estimated cost of ¥960B (~$6.5B). The project, ...

Posted on 22/09/2023

Northland gets $3.7bn credit for 1GW Taiwan offshore wind project

Canadian utility Northland Power has secured T$118bn ($3.7bn) in credit for its 1GW Hai Long offshore wind project, to be located off the coast of Taiwan. The 20-year non-recourse project financing is ...

Posted on 22/09/2023

Northland and Mitsui secure finance for $9bn Taiwan offshore wind giant

He described Northland as “one of the few companies able to originate, develop, finance, construct ... phases are located approximately 45-70km off the Changhua coast in the Taiwan Strait. Hai Long 2A ...

Posted on 22/09/2023

Global central banks unite in ‘higher for longer’ credo

Central banks for the world's biggest economies have served notice that they will keep interest rates as high as needed to tame inflation, even as two years of unprecedented global policy tightening ...

Posted on 22/09/2023

Taiwan Central Bank Holds Policy Rate At 1.83%

Taiwan's central bank retained its key interest rate for the second straight meeting on Thursday, with the aim of fostering sound ...

Posted on 22/09/2023

Kokusai Electric Gears up for Largest Japanese IPO in Five Years Amid AI Surge

Japanese chipmaking equipment manufacturer, Kokusai Electric, is preparing to launch its initial public offering (IPO) on Thursday, making it the largest IPO in Japan in the past five years. The ...

Posted on 21/09/2023

Taiwan Holds on Rates, Projects Slowest GDP Growth Since 2009

Taiwan’s central bank expects the economy to grow this year at the slowest pace since the global financial crisis as trade struggles more than initially anticipated and China’s slowdown weighs on ...

Posted on 21/09/2023

Taiwan Cuts GDP Outlook on Weak Global Demand, Keeps Policy Rate Unchanged

Taiwan's central bank cut its 2023 economic growth forecast for the export-reliant economy due to sluggish global demand, but as expected, it kept rates on hold on Thursday as inflationary pressures ...

Posted on 21/09/2023

Taiwan central bank likely to hold benchmark rate steady amid election uncertainty

The Central Bank of Taiwan is anticipated to keep its benchmark interest rate unchanged at 1.875% for the second quarter in a row, according to a survey of 19 economists. The decision, expected to be ...

Posted on 21/09/2023

Apple’s Taiwan Suppliers Resume Double-Digit Decline in August

Apple Inc.’s major suppliers in Taiwan suffered another double-digit sales decline in August as weak consumer demand dragged down the wider electronics industry.Most Read from BloombergPassalacqua in ...

Posted on 20/09/2023

Taiwan August export orders shrink for 12th month; growth seen returning in Q4

TAIPEI, Sept 20 (Reuters) - Taiwan's export orders contracted for the 12th straight month in August and missed expectations, as demand remains subdued due to factors such as high interest rates and ...

Posted on 20/09/2023

Alchip Technologies Sets Record Quarterly Revenue and Net Income

Commenting on the record results, Alchip President and CEO, Johnny Shen credits the quarter-to-quarter increase to a pull-back in customer shipments in Q1 2023, then a push for higher production from ...

Posted on 20/09/2023

Chinese satellite ground stations installed on disputed South China Sea reefs

China has built two ground stations for its BeiDou satellite system on disputed Sea reefs, according to state television. The stations, connected to China's land-based ship automatic identification ...

Posted on 20/09/2023

Taiwan Shares May Open Under Pressure On Wednesday

Fubon Financial slid 0.32 percent, Taiwan Semiconductor Manufacturing Company fell 0.37 percent, United Microelectronics Corporation shed 0.65 percent, Largan Precision advanced 0.95 percent, MediaTek ...

Posted on 19/09/2023

Taiwan’s MFIG buys about 65,000 metric tons corn, likely from Brazil

HAMBURG, Sept 19 (Reuters) - Taiwan's MFIG purchasing group bought about 65,000 metric tons of animal feed corn which is expected to be sourced from Brazil in an international tender on Tuesday, ...

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