Taiwan Land Development Corp (TLDC, 台灣土地開發) is seeking to transform its business model by expanding into the creative industry, as land development is likely to see another tough year, chairman Chiu Fu-sheng (邱復生) said yesterday.
“It is time to adopt a new business strategy to meet the needs of an ever-changing society,” said Chiu, whose company in June last year teamed up with Canada-based Cameron Thomson Group to build a studio park in Hualien County, with a view to making it a local version of Hollywood.
It secured a partnership with WPC Media Services five months later to set up a digital data bank to serve media and entertainment companies at more competitive costs.
Digitalization and innovation can work hand in hand with real-estate development in the pursuit of better living quality, Chiu said.
Toward the end, TLDC, which used to focus on the development of government-owned industrial parks, plan to introduce creative, digital and leisure elements to four existing development projects in Hsinchu, Hualien and Kinmen, he said.
Last week, TLDC celebrated the presence of sports brands Nike, New Balance, PUMA and Converse at Kinmen’s Wind Lion Plaza (風獅城), a build-operate-transfer project with the county government, Chiu said.
The move is TLDC’s latest bid to turn the plaza into a shopping haven for tourists from Taiwan, China and elsewhere using the “three small links” transport route, he said.
Retailers from China have voiced interest in setting up outlets in the plaza, attracted by its relatively low rent and duty-free business potential, Chiu said.
In addition, TLDC plans to boost the appeal of its Hsinpu Smart Park in Hsinchu by launching a peacock garden over the Lunar New Year holiday, he said.
The company owns a large plot of land in Hsinpu where the developer plans to build boutique hotels, service apartments and Hakka-style villas, flanked with a farm and tea garden on either side to provide the feeling of peace and harmony with the environment.
TLDC will also continue to develop Hualien Creative Park and a residential complex the Huilanwan Sunrise Village, Chiu said.
The former project includes a movie theater, a hotel, a cultural museum, a conference center and other facilities, while the latter offers “green,” “smart” apartments equipped with the latest technology devices and services.
“All TLDC projects mean to answer people’s longing to retire free and happy,” Chiu said.
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
ASML Holding NV, the sole producer of the most advanced machines used in semiconductor manufacturing, said geopolitical tensions are harming innovation a day after US President Donald Trump levied massive tariffs that promise to disrupt trade flows across the entire world. “Our industry has been built basically on the ability of people to work together, to innovate together,” ASML chief executive officer Christophe Fouquet said in a recorded message at a Thursday industry event in the Netherlands. Export controls and increasing geopolitical tensions challenge that collaboration, he said, without specifically addressing the new US tariffs. Tech executives in the EU, which is
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.
RSS