Thursday , September 21 2017
Breaking News


Taiwan suspends oil exports to North Korea, imports of clothing

Containers are seen stacked up at Keelung port, northern Taiwan, October 30, 2015. REUTERS/Pichi Chuang/File Photo

TAIPEI: Taiwan has suspended refined oil and LNG exports to North Korea, as well as clothing and textile imports, to comply with United Nations resolutions, a largely symbolic move by the island to show it is a responsible member of the international community. Self-ruled Taiwan is not a member of the United Nations, due to Beijing’s position that it is ... Read More »

Taiwan August export orders to rise for 13th month, but at slower pace


TAIPEI: Taiwan’s export orders likely rose for a 13th straight month in August, fuelled by the launch of smartphones and other tech gadgets ahead of the traditional peak year-end shopping season. Export orders in August were expected to expand 8.5 percent from a year earlier, according to the median forecast of 14 analysts in a Reuters poll. That compared with ... Read More »

Taiwanese man arrested for smuggling military equipment


  TAIPEI: A 31-year-old Taiwanese man was arrested by Vietnamese officials on Sunday in a case involving the alleged illegal smuggling of military equipment. According to a report from VnExpress.net, local police and airport security at Ho Chi Minh City’s Tan Son Nhat International Airport discovered abnormalities with the luggage of a Taiwanese national flying to Kaohsiung City. Upon opening ... Read More »

Police seize NT$45.5m worth of drugs in Yilan


  TAIPEI: Police recently seized 70 kilograms of hydroxylimine hydrochloride, a substance used to make the recreational drug Ketamine, foiling an attempt to smuggle it into the country, prosecutors in Yilan said Tuesday. The raid was carried out Sept. 5 based on a tip off in June 2016 about a drug smuggling operation in Yilan, the county’s District Prosecutors’ Office ... Read More »

Taiwan records 30% growth in steel output in H1


  TAIPEI: The production value of Taiwan’s steel sector grew about 30 percent in the first half of the year from the same period in 2016, as prices climbed higher, according to the Ministry of Economic Affairs (MOEA). The ministry said the steel industry’s output for 2017 is expected to reach NT$1 trillion (US$33.33 billion) for the first time in ... Read More »

Taiwan seeks Ottawa’s aid in stopping drug smuggling from Canada


  TAIPEI: A Taiwanese prosecutor is calling on Ottawa to provide better co-operation and intelligence to help stop the flow of Canadian marijuana, after two massive busts in the Asian country earlier this year. More than 70 kilograms of marijuana shipped from Vancouver were seized in April and June by Taiwanese customs at the Port of Keelung. Seven Taiwanese were ... Read More »

Taiwan expands VAT refund service for tourists


  TAIPEI: Taiwan plans to expand its VAT refund service for foreign visitors, according to the Taiwanese Taxation Administration. From September 1, tourists who have purchased more than TWD2,000 (USD66.50) at any of the 1,800 Tax Refund participating stores will be able to claim a VAT refund from four new counters located in Taipei and Kaohsiung. Currently, these will accept ... Read More »

Bizlink Holding Inc move up 0.64% on Aug 26


  TAIPEI: Shares of Bizlink Holding Inc (TPE:3665) last traded at 236, representing a move of 0.64%, or 1.5 per share, on volume of 845,101 shares. After opening the trading day at 235.5, shares of Bizlink Holding Inc traded in a close range. Bizlink Holding Inc currently has a total float of 113.79M shares and on average sees shares exchange ... Read More »

Taiwanese tourist seized for smuggling weapons


  TAIPEI: A Taiwanese man was barred from leaving Vietnam after he was caught boarding with a large number of military weapons at Hochiminh city International Airport. On August 20, Customs officials at Tan Son Nhat Airport stopped a 31-year-old Taiwanese man to check his luggage after he had acted suspiciously. In the luggage, police uncovered 79 new handguns, two ... Read More »

Wynn Macau posts HK$1.6b interim profit as city’s gaming revenue rebounds


TAIPEI: Wynn Macau, a subsidiary of Wynn Resorts in Las Vegas controlled by gaming mogul Steve Wynn, saw its net profit reach HK$1.6 billion for the first half of 2017, compared to HK$1.1 billion a year ago, boosted by stronger casino revenues from mainland Chinese tourists. With the ongoing anti-graft campaign of Chinese president Xi Jinping, as well as China’s ... Read More »

Taiwan Semiconductor’s July revenues hit low


TAIPEI: Taiwan Semiconductor Manufacturing Company’s (NYSE:TSM) July revenues fell to $2.36B, a three-month low that was down 14.9% sequentially and 6.3% on the prior year’s quarter. Revenue could pick up in Q3 due to increased shipments of 10nm products, which the company expects to represent 10% of overall revenue compared to only one percent in Q2. The company’s Q3 guidance ... Read More »

Taiwan eases tax compliance for overseas taxpayers


TAIPEI: Taiwan has said taxpayers can now make overseas tax payments without appointing a local tax representative or setting up a local bank account. Taiwan’s Ministry of Finance has launched a new cross-border remittance service, allowing individual income tax payments to be made from abroad. It comes in response to requests from overseas residents who have in the past struggled ... Read More »

Allergan reports 2Q loss


TAIPEI: Allergan PLC (AGN) on Thursday reported a loss of $725.9 million in its second quarter. On a per-share basis, the Dublin-based company said it had a loss of $2.37. Earnings, adjusted for one-time gains and costs, came to $4.02 per share. The results surpassed Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was ... Read More »

Two Taiwanese men held with 6kg gold bars worth Rs 1.8 crore


TAIPEI: Two Taiwanese men were arrested at the city airport on Friday for allegedly smuggling 6 kg gold bars worth Rs 1.77 crore. While one is a chemical engineer, the other has graduated in psychology , said customs officials. The customs officials’ suspected something fishy when one of the accused, Lin Hung Yu (33), refused to pass his bag through ... Read More »

Taiwan to face exported steel duties


TAIPEI: United States Secretary of Commerce Wilbur Ross has announced an “affirmative final determination” in an antidumping duty (AD) investigation, finding that steel reinforcing bar (rebar, used to reinforce concrete) from Taiwan has been sold into the U.S. market at unfair prices. The Commerce Department determined that exporters from Taiwan have sold rebar in the U.S. at from 3.5 percent ... Read More »

Taiwan customs seized enough tobacco to make 1.46m packs of cigarettes


TAIPEI: Approximately 18.6 metric tons of smuggled tobacco was seized at the Port of Taichung in central Taiwan early this month, Taichung Customs said on Wednesday. Two cargo containers registered as carrying tobacco leaf waste imported from Vietnam were opened for spot checks early this month at the port, Customs officials said. After removing the outer layers of bags containing ... Read More »

Indonesia cooperates with Taiwan to uncover drug smuggling


TAIPEI: The National Police have cooperated with the Taipei Police to investigate the case of one ton of shabu-shabu (crystal methamphetamine) smuggled into Serang, Banten, from Taiwan. On Sunday, police officers and five investigators from the Criminal Investigation Division (CID) of the Taipei Police lead by Col. Jay Lee staged a reconstruction of the case, beginning with when the receiver ... Read More »

Taiwan Customs officials intercept $380k, suspect Macau money laundering activity


TAIPEI: Taiwan customs officials at Taipei’s international airport got a whiff of dirty laundry in the suitcases of two of its citizens returning home from Macau. Nope, it wasn’t underwear that hadn’t hit the laundromat: it was cold, hard cash. Taiwan customs money laundering TAIPEI: Funny money: customs agents in Taiwan suspected $400,000 in American dollars inside two mens’ luggage ... Read More »

Taiwan customs seized usd380k from duo leaving Macau


TAIPEI: Two men from Taiwan who won USD400,000 from Macau casinos lost USD380,000 of that when they were crossing the Taiwan border to enter Taipei city. According to a report by Apple Daily Taiwan, the two men, both in their 20s, took a flight from Macau to Taipei last Saturday. The Taipei customs authority found USD400,000 in cash in their ... Read More »

Taiwan PCB firms post revenue growth in June


TAIPEI: HDI PCB manufacturer Compeq Manufacturing, and flexible PCB specialists Zhen Ding Technology and Flexium Interconnect all enjoyed revenue growth in June, according to Digitimes. Compeq posted revenues of NT$3.89 billion ($127.2 million) in June 2017, up 27.8% on year and 10.8% sequentially. Zhen Ding and Flexium reported sequential increases in June revenues of 35.87% and 33.18%, respectively. Zhen Ding ... Read More »