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Starlux Airlines postpones dividends amid market uncertainty
Starlux Airlines Chairman K.W. Chang discusses financial challenges, global instability, and the impact of tariffs. He emphasizes resolving financial issues before dividend payouts and praises employee dedication amid rapid expansion.
2025/06/13 12:41
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Taiwan Power says nuclear alone can’t ensure stable supply
Taiwan Power Co. states nuclear energy alone can’t ensure stable power amid financial losses from high fuel prices. Plans include diverse energy sources.
2025/05/02 12:00
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Taiwan cities propose tax relief for tariff victims
Taichung Mayor Lu Shiow-yen and New Taipei Mayor Hou Yu-ih discuss the U.S. tariff’s impact on Taiwan’s industries, highlighting potential losses and proposed solutions.
2025/04/08 17:32
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New Taipei mayor addresses rising fraud concerns
New Taipei Mayor Hou Yu-ih addresses the impact of fraud, highlighting financial losses and underreporting. The city launches a fraud prevention office to boost awareness and improve arrest rates.
2025/03/26 23:00
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Experts warn of inflation risk from April electricity hike
Taiwan braces for an April electricity price hike to address TaiPower’s financial losses. Experts warn of inflation risks and impacts on the Consumer Price Index.
2025/03/25 15:34
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Taipower’s financial woes prompt subsidy discussion
Taiwan’s economic minister addresses Taipower’s financial losses, stressing the need for subsidies. An electricity price hike may affect consumers.
2025/03/24 11:25
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Taiwan reports NT$1.46 billion lost to scams in one week
Taiwan reports NT$1.46 billion in scam losses from March 9-15, with investment scams leading. The "165 Anti-Fraud Dashboard" offers tips to protect finances.
2025/03/17 10:17
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TSMC February revenue hits NT$260.09B, up 43.1% yoy
TSMC reports February revenue of NT$260.09 billion, an 11.3% drop from January but a 43.1% rise year-over-year. Despite earthquake impacts, TSMC maintains its financial outlook.
2025/03/10 17:00
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Chunghwa Post prevents NT$896M in fraud losses
Chunghwa Post reported preventing NT$896 million in losses by intercepting 2,281 fraud cases in 2024. It plans to enhance fraud prevention with tech and partnerships.
2025/03/04 21:00
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Taiwan sees surge in scams ahead of Lunar New Year
Taiwan faces a surge in scams ahead of Lunar New Year, with 3,498 cases reported in a week. Fake investment scams lead, causing NT$15.1 billion in losses. Stay vigilant.
2025/01/20 10:44
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Economics minister urges Taipower to avoid price hikes
Minister J.W. Kuo addresses concerns over potential electricity rate hikes in Taiwan, urging Taipower to avoid price increases despite financial challenges and budget cuts.
2024/12/25 10:09
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Taiwan’s development fund reports NT$33 billion revenue
The National Development Fund reported 2023 revenue of NT$33 billion, with TSMC dividends contributing 58%. Despite some losses, the fund’s diversified strategy shows growth.
2024/11/22 11:17
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Premier Cho seeks NT$100 billion to aid Taipower losses
Taiwan’s Premier Cho Jung-tai reports Taipower’s NT$409.7 billion loss due to fuel price surges. A proposed NT$100 billion budget aims to subsidize electricity costs.
2024/11/19 13:09
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Louisa Coffee optimistic despite financial fluctuations
Louisa Coffee reports an unrealized loss over NT$40 million but remains optimistic due to potential gains from a drop in coffee futures. The company uses futures hedging and spot purchases to stabilize its financial outlook amid market fluctuations.
2024/10/08 10:29
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Taichung Metro to compensate family of deceased deputy chief
Discover the story of a Taichung Metro deputy station chief’s tragic death and the ensuing debate over staffing and safety measures. Critics call for a review of the metro’s staffing policies after the incident.
2024/09/23 11:57
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Taipower urged to end reliance on government subsidies
Discover how Taiwan’s new Economic Affairs Minister, J.W. Kuo, advocates for Taiwan Power Company’s financial independence, challenging the current reliance on government subsidies amid significant losses.
2024/06/07 10:26
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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
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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
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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
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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
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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
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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