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Business And Finance

Hon Hai sues local daily over bomber story

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Focus Taiwan 2013/04/19 Taipei, April 19 (CNA) Hon Hai Precision Industry Co. sued a Chinese-language local daily Friday for publishing an “unbalanced report” that linked two failed bombing attempts last week to the main suspect’s animosity toward Hon Hai Group Chairman Terry Gou. Hon Hai spokesman Simon Hsing filed the lawsuit on behalf of...
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Taiwan restaurant chain operator to add hot-pot outlets in mainland

CNA April 14, 2013     TAIPEI–Wowprime Corp. said yesterday it is planning to open more hot-pot eateries in China to boost its total number of hot-pot outlets to 14 by the end of this year, from the current three. Tsao Yuan-chang, president of the company’s low-priced “12 Hot Pot” brand of restaurants, said starting...
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Taiwan’s CyberPower eyes 30% of power back-up market

The Economic Times 14 Apr, 2013 By PTI MUMBAI: CyberPower Systems, a Taiwanese power back-up solutions provider which has just made its debut in the domestic market, eyes Rs 100 crore revenue and sizeable pie of UPS and inverter segments in its first year of operations. “We expect to do minimum Rs 100 crore...
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Taiwan soon to take applications for reverse mortgage trial run

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Focus Taiwan 2013/04/09 Taipei, April 9 (CNA) Taiwan will begin to accept applications for reverse mortgages before the end of April as the next step in a pilot program to introduce the financing tool in the country, the Ministry of the Interior said Tuesday. After announcing the program on March 1, the ministry held...
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China allows banks to start Taiwan dollar business

Reuters 9 Apr, 2013 BEIJING: China will allow its banks to directly buy or sell Taiwan dollars for clients, the country’s foreign exchange regulator said on Tuesday, in the latest sign of growing financial ties between the two. The new rule also followed a recent deal to start direct trade between the Chinese yuan...
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