BOOKSTORES
Taitung Eslite to close
Eslite Spectrum Corp (誠品生活), which runs the Eslite bookstore chain (誠品書局) and other businesses in Taiwan and abroad, on Friday said it would close its Taitung store at the end of this month when the lease for the site expires. The announcement comes after the company closed an outlet in Tainan’s Anping District (安平) at the end of last month. The company had previously announced plans to close its landmark 24-hour outlet on Taipei’s Dunhua S Road at the end of next month, when its lease expires, which would reduce the number of outlets in Taiwan to 42.
AIRLINES
CAL delays new flights
China Airlines Ltd (CAL, 中華航空) on Friday announced that it would delay the launch of its flights to Cebu in the Philippines and Chiang Mai in Thailand until October. It pushed back a planned launch date of June 12 for six weekly flights to Cebu until Oct. 1 and postponed the Taiwan Taoyuan International Airport to Chiang Mai route from the original June 23 launch date to Oct. 2 amid concerns over the COVID-19 pandemic, CAL said in a statement.
INVESTMENT
CDFHC unveils dividend
China Development Financial Holding Corp’s (CDFHC, 中華開發金控) board of directors on Friday announced that it would distribute a cash dividend of NT$0.6 per share, which represented a payout ratio of 68.18 percent based on the company’s earnings per share of NT$0.88 last year. The company is the only financial holding firm among its local peers to provide a dividend yield higher than 7 percent — 7.38 percent, based on the stock’s closing price of NT$8.13 on Friday.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
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