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    financial losses 結果共6筆

  • Taiwan’s MOEA to aid Taipower’s budget crisis

    The Minister of Economic Affairs, Wang Mei-hua, plans to help Taiwan Power Company (Taipower) seek budgetary support from the Executive Yuan to alleviate its financial distress. Taipower reached out to the Ministry of Economic Affairs (MOEA) for assistance, citing escalating international fuel prices caused by the Russia-Ukraine war. Other global power companies, such as Korea Electric Power Corporation (KEPCO), Tokyo Electric Power Company (TEPCO), and Électricité de France (EDF), have already experienced significant price hikes. Taipower’s rates are relatively low compared to the cost of power generation, resulting in policy-driven losses. As of 2023, Taipower has accumulated losses of NT$382.6 billion due to absorbing price increases to protect Taiwan from global inflation. The MOEA disclosed that Taipower and the CPC Corporation have discrepancies in predicting natural gas prices, leading Taipower to observe international coal prices for cost estimates in 2024. While mitigating Taipower’s financial woes in the short term poses challenges, Wang aims to prevent further losses. The MOEA will assist Taipower in lobbying the government for budget support once financial situation estimates are finalized. The decision to adjust electricity prices will be made by the Electricity Price Review Committee.
    2024/01/23 13:09
  • Taiwan CIB nabs 20 in SMS phishing scam crackdown

    The Criminal Investigation Bureau (CIB) has apprehended 20 suspects and seized 15 illegal operations involved in a smartphone SMS phishing scam in Taiwan. The "Info Thunder Project" was deployed to combat the scam, which sent out an average of 4,000 to 5,000 fraudulent text messages per day. The criminal syndicate posed as representatives from legitimate entities, such as the Taiwan Water Corporation and telecom companies, to deceive recipients with misleading alerts. The fraudsters enticed victims to click on malicious links and enter their credit card and bank account details. The CIB’s intelligence analysis team conducted comprehensive studies of phishing cases, leading to the arrests. Evidence seized in two operations includes modem pools, mobile phones, SIM cards, computers, Wi-Fi routers, and application forms for phone numbers. Director-General Chou Yu-wei urged the public to remain vigilant against suspicious text messages and to refrain from clicking on dubious links. The police will continue to dismantle these fraudulent networks and protect citizens from cyber threats.
    2023/12/12 16:57
  • 4,000 seats added for Asian Baseball Championship

    The Farglory Dome Co., Ltd. announces the sale of nearly 4,000 additional outfield seats for the upcoming Asian Baseball Championship in Taipei. The outfield tickets are priced at NT$400 each, with 1,000 tickets available for on-site purchase. The tournament will be held at the Taipei Dome, starting with a match between the Taiwanese and Korean teams. Originally, only 13,000 infield seats were available, but they sold out quickly, leading to scalped tickets. The Farglory Dome warns fans to avoid unofficial websites to prevent financial losses and personal data breaches.
    2023/11/27 16:30
  • Profit surges in select industries despite downturns

    This news story covers the comprehensive submission of third-quarter financial reports by TWSE-listed companies, with Mutto Optronics Corporation being the only exception. It highlights significant revenue changes in various sectors, including the automotive, financial, and semiconductor industries.
    2023/11/22 20:42
  • KMT candidate blasts DPP, Taipower for Kaohsiung blackouts

    KMT candidate criticizes DPP and Taipower for power outages in Kaohsiung. Outages disrupt transportation and businesses. Candidate questions DPP’s energy policies and financial losses. Concerns raised about impact on major industries.
    2023/11/22 20:23
  • Launch Technologies reports NT$1.3B losses from factory fire

    Launch Technologies Co, a golf ball manufacturer, has announced losses of NT$1.329 billion resulting from a catastrophic factory explosion in late September. The losses include NT$273 million worth of inventory, NT$599 million in property and equipment damages, NT$2.71 million in other asset losses, and NT$455 million as a liability reserve. The company’s third-quarter financial report, approved by the board, reveals total revenues of NT$2.776 billion during the first three quarters. Operations have been suspended following the incident, which is expected to further impact the company’s operations. The factory fire in Pingtung County on September 22 resulted in 10 fatalities and over 100 injuries.
    2023/11/07 18:31
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