Wistron plant in Indian tech hub solely for iPhone: source

MUMBAI/TAIPEI (Reuters) - An assembly plant that Apple's Taiwanese manufacturing partner Wistron Corp is setting up in Bengaluru will focus solely on assembling iPhones, a source familiar with the matter said on Friday. The source, who asked not to be ... ( read original story ...)

Taiwan stocks flat after regional peers wilt on China tightening

TAIPEI, Feb 3 Taiwan stocks were mostly flat on Friday after early gains were eroded when regional and China markets fell after Beijing unexpectedly hiked short-term rates. China's central bank surprised financial markets by raising short-term interest ... ( read original story ...)

BRIEF-Taiwan's Hua Nan Financial sees growth in 2017 net profit

Hua Nan Financial Holdings, a major state-run firm with units in banking, brokerage and insurance, says: * Sees net profit this year rising to at least T$16 billion ($512.8 million) versus T$14 billion in 2016 amid Taiwan's mild economic growth * New ... ( read original story ...)

Taiwan stocks rise; local dollar at 18-month high

TAIPEI, Feb 2 (Reuters) - Taiwan stocks rose on Thursday after the Lunar New Year ... The electronics subindex rose 0.4 percent, while the financials subindex lost 0.4 percent. Hon Hai Precision was up 0.6 percent, after rallying as much as 2.4 percent ... ( read original story ...)

Uber suspends operation in Taiwan after fine hike

Taipei (AFP) - Uber announced on Thursday it is halting operations in Taiwan, saying it is at an "impasse" with authorities which deem the ride-hailing app as illegal. The US firm has racked up fines since it entered the Taiwan market in 2013 for running a ... ( read original story ...)

Is Taiwan Semiconductor a Great Stock for Value Investors?

One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Taiwan Semiconductor Manufacturing Company Limited TSM stock into this equation and find ... ( read original story ...)

Convenience stores become one-stop shop in Taiwan

Lee, 20, sends a box of books from a convenience store near her university on Taiwan's east coast to the closest outlet near her home in Taipei. "Post offices aren't everywhere and they're not always open," she told AFP. They have even linked up with ... ( read original story ...)

The biggest tech IPO of 2016 is having a terrible start to 2017

Line (LN) pulled off the biggest tech IPO of last year, raising $1.3 billion from selling ... Japan, Thailand, Indonesia and Taiwan. It did report profits of 7.56 billion yen ($66.5 million) for 2016, compared with a net loss of 7.58 billion yen the ... ( read original story ...)

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 ...)