Three Taiwanese companies yesterday announced that they are forming a partnership to introduce an intelligent transportation system (ITS) for taxi operators.
The 4G-enabled system could help companies better manage their fleets and call centers, Chugnwha Telelcom Co (中華電信), Advantech Co (研華) and Hwacom Systems Inc (華電網) said in a statement.
The service provides real-time traffic information and navigation for drivers, the companies said after signing a memorandum of understanding.
“The smart transportation system is better than the one used by Uber,” Advantech president Chaney Ho (何春盛) said.
“It would also be cost effective solution for small and medium-scale taxi operators to use this system,” he said.
Consumers can download an Uber-like app to their mobile phones to book a taxi via the system, the companies said.
Information about nearby sights, hotels, restaurants and entertainment venues would also be available, they said.
Ho said about 15 taxi companies have expressed interest the ITS service, amounting to about 4,000 taxis.
The number of vehicles equipped with the system is expected to expand to more than 14,000 cars within next three years, accounting for about 20 percent of the nation’s 77,000 taxis, he said.
The companies plan to expand the ITS service to courier delivery companies and logistics providers to help them reduce costs and improve their operational efficiency, Ho said.
Taiwan Taxi Corp (台灣大車隊), the nation’s biggest taxi company with a fleet of 12,000 cars, has developed its own intelligent transportation system for its drivers.
SELL-OFF: Investors expect tariff-driven volatility as the local boarse reopens today, while analysts say government support and solid fundamentals would steady sentiment Local investors are bracing for a sharp market downturn today as the nation’s financial markets resume trading following a two-day closure for national holidays before the weekend, with sentiment rattled by US President Donald Trump’s sweeping tariff announcement. Trump’s unveiling of new “reciprocal tariffs” on Wednesday triggered a sell-off in global markets, with the FTSE Taiwan Index Futures — a benchmark for Taiwanese equities traded in Singapore — tumbling 9.2 percent over the past two sessions. Meanwhile, the American depositary receipts (ADRs) of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the most heavily weighted stock on the TAIEX, plunged 13.8 percent in
A wave of stop-loss selling and panic selling hit Taiwan's stock market at its opening today, with the weighted index plunging 2,086 points — a drop of more than 9.7 percent — marking the largest intraday point and percentage loss on record. The index bottomed out at 19,212.02, while futures were locked limit-down, with more than 1,000 stocks hitting their daily drop limit. Three heavyweight stocks — Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), Hon Hai Precision Industry Co (Foxconn, 鴻海精密) and MediaTek (聯發科) — hit their limit-down prices as soon as the market opened, falling to NT$848 (US$25.54), NT$138.5 and NT$1,295 respectively. TSMC's
In a small town in Paraguay, a showdown is brewing between traditional producers of yerba mate, a bitter herbal tea popular across South America, and miners of a shinier treasure: gold. A rush for the precious metal is pitting mate growers and indigenous groups against the expanding operations of small-scale miners who, until recently, were their neighbors, not nemeses. “They [the miners] have destroyed everything... The canals, springs, swamps,” said Vidal Britez, president of the Yerba Mate Producers’ Association of the town of Paso Yobai, about 210km east of capital Asuncion. “You can see the pollution from the dead fish.
TARIFFS: The global ‘panic atmosphere remains strong,’ and foreign investors have continued to sell their holdings since the start of the year, the Ministry of Finance said The government yesterday authorized the activation of its NT$500 billion (US$15.15 billion) National Stabilization Fund (NSF) to prop up the local stock market after two days of sharp falls in reaction to US President Donald Trump’s new import tariffs. The Ministry of Finance said in a statement after the market close that the steering committee of the fund had been given the go-ahead to intervene in the market to bolster Taiwanese shares in a time of crisis. The fund has been authorized to use its assets “to carry out market stabilization tasks as appropriate to maintain the stability of Taiwan’s
RSS