Formosa to restart No.1 naphtha unit in 2-3 mths

July 15 (Reuters) – Taiwan’s Formosa Petrochemical Corp will restart its 700,000 tonne-per-year (tpy) No. 1 naphtha cracker within two to three months, its spokesman said on Thursday.

But the company is still uncertain when it will shut down its No. 2 cracker for maintenance. This unit was initially scheduled for maintenance on Aug. 20, but the outage at the the No. 1 cracker has disrupted the plan for now.

“The No. 1 cracker will resume operations around end September or October, but we cannot assume that the No.2 cracker will shut for maintenance following that,” he said.

Crackers have to be shut for mandatory inspection every few years, and the 1.03 million-tpy No. 2 cracker was supposed to be taken down for a 30-40 day maintenance.

“We are hoping that we don’t have to shut two crackers at the same time as the impact would be significant,” he added. (Reporting by Seng Li Peng; Editing by Ramthan Hussain)

Taiwan’s Compal June sales up 72 pct y/y

July 9 (Reuters) – Compal (2324.TW), the world’s No.2 contract laptop maker, said on Friday its consolidated sales in June rose 72 percent from the same month a year earlier to T$73.62 billion ($2.3 billion).

In May consolidated sales had risen 93 percent year-on-year to T$73.86 billion.

January to June sales rose 86 percent over the same period in 2009 to T$438.53 billion

It did not give further details.

Taiwan’s HTC Q2 profit up about 33 pct y/y

July 6 (Reuters) – Taiwan smartphone maker HTC Corp (2498.TW) reported an around 33 percent rise in second-quarter profit, it said on Tuesday.

HTC’s unaudited net profit in April-June was T$8.64 billion ($268 million), the company said in a statement, without giving further details.

In the same period a year earlier, it had reported an audited net profit of T$6.5 billion.

Sales reached T$23.86 billion in June.

HTC ranks behind bigger smartphone rivals Nokia Oyj (NOK1V.HE), Blackberry maker Research in Motion (RIM.TO), iPhone maker Apple Inc (AAPL.O) and Motorola Inc (MOT.N) in the global smartphone rankings, according to research firm IDC. (US$1=T$32.2) (Reporting by Roger Tung)

Taiwan’s Powerchip returns to profit in Q2

July 6 (Reuters) – Powerchip (5346.TWO), Taiwan’s top DRAM chipmaker, returned to profit in the second quarter after PC sales and chip prices rebounded from last year’s slump.

The company reported on Tuesday a second quarter net profit of T$6.77 billion ($210 million), compared with a loss of T$11.73 billion in the same period a year earlier.

Powerchip was expected to earn T$2.51 billion in the second quarter, according to Thomson Reuters I/B/E/S. (Reporting by Baker Li, Editing by Jonathan Standing)

China Strategic says not pursuing MOU with Chinatrust

June 25 (Reuters) – China Strategic Holdings (0235.HK), a buyer of AIG’s (AIG.N) Taiwan Nan Shan Life unit, said on Friday that it will not pursue an MOU to sell a stake in Nan Shan to Chinatrust Financial (2891.TW).

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China Strategic and Primus Financial Holdings agreed to pay $2.2 billion for AIG’s (AIG.N) Taiwan Nan Shan Life unit and the deal is pending for Taiwanese regulatory approval.

“I believe this is not an appropriate time to talk with Chinatrust before we have successfully bought Nan Shan”, said Raymond Or, chief executive of China Strategic.

“Especially as when we signed the MOU (with Chinatrust), the regulators said this complicated the whole issue,” he added.

Chinatrust agreed to buy the Nan Shan stake last November for $660 million, but the memorandum of understanding expired on Friday. (Reporting by Alison Leung; Editing by Chris Lewis)

Retailer Auchan plans to list Chinese unit -paper

June 10 (Reuters) – French privately held retailer Auchan plans to list its Chinese joint venture to raise between 500 million euros ($671 million) and 670 million, Le Figaro newspaper said on Thursday without citing its sources.

Non-Cyclical Consumer Goods

Auchan and its joint-venture partner, conglomerate Ruentex Group of Taiwan, occupy the top spot in hypermarkets in China where Auchan expects to post sales growth of 25 percent this year as well as open six new hypermarkets.

Together, Auchan and Ruentex have 156 hypermarkets in China, which sell food alongside clothes and televisions. Auchan China runs 35 hypermarkets with sales of nearly 1 billion euros and Ruentex has 121 RT Mart stores with sales of 3.75 billion euros.

Auchan and Ruentex’s 50-50 joint venture Sun Holding holds 67.2 percent of Ruentex’s RT Mart China, which in 2008 sidelined France’s Carrefour (CARR.PA) as China’s biggest hypermarket chain, and 65.6 percent in Aucan China.

If the initial public offering, which Le Figaro said could be announced in July, takes place, Auchan and Ruentex could sell 30 percent of Sun Holding.

At Auchan no one was immediately available to comment. ($1=.7453 euros) (Reporting by Caroline Jacobs; Editing by Mike Nesbit)

Taiwan’s UMC May sales rise 34 pct yr/yr

June 8 (Reuters) – Taiwan’s UMC (2303.TW), the world’s second-largest contract chipmaker, said on Tuesday its May sales rose 34 percent from a year ago, further evidence of growing demand for technology products.

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United Microelectronics Corp (UMC) (UMC.N) had sales of T$10.1 billion ($311.6 million) last month, versus T$7.51 billion a year ago, the company said on its website. It did not give further details.

UMC released the results after the Taipei stock market closed on Tuesday. The stock fell 1.41 percent while the main TAIEX share index was flat. (US$1=T$32) (Reporting by Argin Chang, Editing by Ken Wills)

Jackie Chan in earthquake charity concert

London, April 28 (ANI): Jackie Chan and more than hundred stars from Hong Kong, China and Taiwan participated in a charity concert to raise money for earthquake victims in China.

The five-hour concert in Hong Kong raised 4.8 million dollars for victims of the disaster in China’s Qinghai that killed more than 2,200 people earlier this month.

Chan visited the affected area last week, featured in a video produced for the fundraiser, which showed him living with the victims, reports The BBC.

“The quake area is located in a plateau. It”s ten times worse than we thought. And the winter will come soon. It is urgent to take action,” said actor Andy Lau.

One week after the area was devastated by the disaster, China observed a national day of mourning for victims. (ANI)

Taiwan’s Powerchip to cut capital – OTC exchange

TAIPEI, April 12 (Reuters) – Powerchip Semiconductor Corp (5346.TWO), Taiwan’s top PC memory chip maker, is set to announce details of capital reduction later on Monday, the island’s OTC stock exchange said.

Technology

Powerchip would hold a news conference on the plan at 0800 GMT, the exchange said, without giving other details.

Powerchip shares soared 6.83 percent to close at their daily limit before the exchange’s announcement, outpacing the main TAIEX’s 0.32 percent rise. (US$1=T$31.5) (Reporting by Baker Li, Editing by Jonathan Standing)

Taiwan’s Susan Boyle voted off talent show

A Taiwanese man who became an overnight celebrity for his high-pitched version of Whitney Houston’s hit song I Will Always Love You has been voted off the talent show that made him famous.

Lin Yu Chun, dubbed Taiwan’s Susan Boyle after his unlikely rendition of the ballad went viral on the internet, failed to impress the judges when performing a Mandarin song on the show.

“Despite the failure, he still keeps a positive attitude,” Lin’s agent Stella Teng said.

“He feels that success cannot possibly come without failure.”

Judges said the 24-year-old, better known as Little Fatty to his friends, left them underwhelmed.

“You rarely hit a wrong note. But you did today. What’s wrong with you?” one of the judges asked Lin.

Teng says while Lin is no longer in the contest, his sudden fame means he will be invited back to the show for a guest performance next weekend.

Video of his original performance has had more than 4 million views on video-sharing website YouTube.

Teng also says Lin will also go on an overseas trip later this month for interviews and possibly for further performances.

She says the United States is one destination under consideration.

Taiwan’s Quanta Computer March sales up to T$89.1 bln

TAIPEI, April 8 (Reuters) – Quanta Computer (2382.TW), the world’s biggest contract laptop maker, posted on Thursday sales of T$89.137 billion ($2.8 billion) for March, up from T$60.4 billion in the same month a year earlier.

Technology

The company’s website is at www.quanta.com.tw. (Reporting by Roger Tung)

Taiwan’s answer to Susan Boyle goes viral

Taiwan’s answer to Susan Boyle is taking the internet by storm with a rousing rendition of Whitney Houston’s hit I Will Always Love You.

Lin Yu Chun’s pitch-perfect performance on television talent show Super Star Avenue stunned the judging panel and has gone viral online.

Lin is now hotly tipped to win the whopping $1 million prize, including the chance to record an album.

But with his cheap suit, gaudy red bow tie and bowl haircut, the 24-year-old unlikely pop star has drawn obvious comparisons with Boyle.

The Scottish spinster became a global star after auditioning for Britain’s Got Talent last year.

Carlyle Taiwan TV deal hits hurdle before deadline

TAIPEI, April 2 (Reuters) – Carlyle Group’s [CYL.UL] $1 billion deal to take a stake in mobile carrier Taiwan Mobile (3045.TW) has hit a regulatory hurdle and it was unclear if a June 30 completion deadline would be met, according to an official of the mobile firm.

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Under the deal, agreed last September, Carlyle will exchange its stake in Taiwan cable TV company Kbro for a 15.5 percent stake in Taiwan Mobile, while Taiwan Mobile will pay T$32.8 billion ($1 billion) via a share swap and cash. It will also assume T$24 billion of debt. [ID:nTP280376]

But the deal, which would create Taiwan’s largest pay TV operator, has run afoul of a law in Taiwan prohibiting state ownership of media bodies.

“It has suddenly become an issue that a company partially owned by the government cannot buy a media stake,” Josephine Juan, deputy spokeswoman at Taiwan Mobile, said on Friday.

“It is hard to say if we can close the deal before June,” she added. “We are still waiting for an approval from regulators.”

The problem has arisen because the city government of Taipei has an indirect interest in Taiwan Mobile via a stake in banking group Fubon Financial Holdings (2881.TW). Fubon’s controlling shareholder, the Tsai family, is Taiwan Mobile’s largest shareholder.

The broadcast regulator, the National Communications Commission (NCC), has proposed changing the law to allow for some indirect ownership. It could not be reached for immediate comment.

Carlyle declined to comment

Taiwan’s HTC says Apple suit not affecting operations

(Reuters) – Taiwan’s HTC Corp, the world’s No.5 smartphone maker, said on Friday a lawsuit against it by Apple Computer was not affecting operations.

Technology

“It’s part of business,” Chief Executive Peter Chou told reporters at a news conference where HTC launched new smartphones. “We need to face it and everyone can talk it through.”

Last month, Apple sued HTC, accusing it of infringing 20 hardware and software patents related to the iPhone. The U.S. International Trade Commission (ITC) has started to investigate whether HTC has infringed Apple’s patents, the ITC said in a statement on its website.

HTC ranks behind Nokia Oyj, Blackberry maker Research in Motion, Apple and Motorola Inc in the global smartphone rankings, according to research firm IDC.

(Reporting by Baker Li and Roger Tung, Editing by Jonathan Standing)

China’s Hu tells Obama he wants healthy ties

BEIJING, April 2 (Reuters) – Chinese President Hu Jintao told U.S. President Barack Obama he wants healthy ties between the two nations, while stressing Beijing’s sensitivity about Taiwan and Tibet, Chinese television reported on Friday.

Hu made the remarks in a phone call to Obama, telling him that their two governments should focus on developing “healthy” ties and that he wanted to address trade issues via talks, the report said.

But Hu also told Obama that heeding China’s concerns about Tibet and the self-ruled island of Taiwan was also “vitally important” to good relations, it said. (Reporting by Yu Le, Zhou Xin, Wang Lan and Emma Graham-Harrison; Writing by Chris Buckley; Editing by Ben Lim)

China’s Hu tells Obama he wants healthy ties

BEIJING, April 2 (Reuters) – Chinese President Hu Jintao told U.S. President Barack Obama he wants healthy ties between the two nations, while stressing Beijing’s sensitivity about Taiwan and Tibet, Chinese television reported on Friday.

Hu made the remarks in a phone call to Obama, telling him that their two governments should focus on developing “healthy” ties and that he wanted to address trade issues via talks, the report said.

But Hu also told Obama that heeding China’s concerns about Tibet and the self-ruled island of Taiwan was also “vitally important” to good relations, it said. (Reporting by Yu Le, Zhou Xin, Wang Lan and Emma Graham-Harrison; Writing by Chris Buckley; Editing by Ben Lim)

Taiwan’s HTC says Apple suit not affecting operations

(Reuters) – Taiwan’s HTC Corp, the world’s No.5 smartphone maker, said on Friday a lawsuit against it by Apple Computer was not affecting operations.

Technology

“It’s part of business,” Chief Executive Peter Chou told reporters at a news conference where HTC launched new smartphones. “We need to face it and everyone can talk it through.”

Last month, Apple sued HTC, accusing it of infringing 20 hardware and software patents related to the iPhone. The U.S. International Trade Commission (ITC) has started to investigate whether HTC has infringed Apple’s patents, the ITC said in a statement on its website.

HTC ranks behind Nokia Oyj, Blackberry maker Research in Motion, Apple and Motorola Inc in the global smartphone rankings, according to research firm IDC.

(Reporting by Baker Li and Roger Tung, Editing by Jonathan Standing)

Robbers placed job ad for accomplices

Two robbers in Taiwan looking for heist accomplices have filled the vacant spots by placing a fake job ad in a local newspaper.

The duo picked two of the candidates who responded to their ad for “salesmen” and “business commissioners”, and filled them in about the robberies they had planned, the China Post reported.

The newly formed gang, which targeted landlords and beauty salon owners, was recently arrested.

The four now face charges of aggravated robbery, the newspaper said.

Prosecutors were not available for comment.

- AFP

Tibetans living-in-exile surprised over China’s opposition to Dalai Lama’s visit

Gangtok, Sep 17 (ANI): Members of the exiled Tibetan community living at Gangtok said China’s opposition to the Dalai Lama’s visit to Arunachal Pradesh is “surprising”.

The Dalai Lama plans to visit Arunachal Pradesh soon. China has claimed part of Arunachal as its territory.

The exiled Tibetan spiritual leader’s aide said the Dalai Lama would be in Arunachal Pradesh state in the second week of November.

The intended visit has already sparked off controversy. China claims about 90,000 sq km of Arunachal Pradesh as part of its territory.

The Dalai Lama’s travel plan was announced a week after the completion of his visit to Taiwan, a self-ruled island claimed by Beijing. China denounced the trip.

“This time round when they (Chinese Authorities) are making some kind of pressure or some kind of opposition to the upcoming visit of his holiness to Arunachal Pradesh it is really very surprising.

Why would they complain when the government of India has no problem in his holiness visiting Arunachal Pradesh? So why should people of republic of china have some problem?” said Zimba Bhutia, Tibetan youth committee member.

“Chinese authorities have always been against the trip of Dalai Lama. So I think that they should know why Dalai Lama has been there. Dalai Lama has been welcomed by the people of Arunachal Pradesh as the spiritual and a Buddhist monk,” said Dhondup Dorjee, Tibetan welfare officer of Sikkim.

A visit to Arunachal Pradesh could now draw further attention to China’s treatment of Tibetan activists and the Dalai Lama’s calls for cultural and religious freedoms and autonomy. (ANI)

Scientists unravel chemistry of Titan’s hazy atmosphere

Washington, September 16 (ANI): In a new research, a team of scientists has unraveled the chemical evolution of the orange-brownish colored atmosphere of Saturn’s moon Titan, the only solar system body besides Venus and Earth with a solid surface and thick atmosphere.

Scientists at University of Hawai’i at Manoa carried out the research.

The UH Manoa team, including Xibin Gu and Seol Kim, conducted simulation experiments mimicking the chemical reactions in Titan’s atmosphere utilizing crossed molecular beams in which the consequence of a single collision between molecules can be followed.

The team’s experiments indicate that triacetylene can be formed by a single collision of a “radical” ethynyl molecule and a diacetylene molecule.

An ethynyl radical is produced in Titan’s atmosphere by the photodissociation of acetylene by ultraviolet light.

Photodissociation is a process in which a chemical compound is broken down by photons.

“Surprisingly, the photochemical models show inconsistent mechanisms for the production of polyynes,” said Kaiser, who is the principal investigator of this study.

The mechanism involved in the formation of triacetylene, was also confirmed by accompanying theoretical calculations by Alexander Mebel, a theoretical chemist at Florida International University.

These theoretical computations also provide the 3D distribution of electrons in atoms and thus the overall energy level of a molecule.

To apply these findings to the real atmosphere of Titan, Danie Liang and Yuk Yung, planetary scientists at Taiwan’s Academia Sinica and California Institute of Technology (Caltech), respectively, performed photochemical modeling studies of Titan’s atmosphere.

All data together suggest that triacetylene may serve as a building block to form more complex and longer polyynes and produce potential precursors for the aerosol-based layers of haze surrounding Titan.

The study demonstrated for the first time that a sensible combination of laboratory simulation experiments with theory and modeling studies can shed light on decade old unsolved problems crucial to understand the origin and chemical evolution of the solar system.

The researchers hope to unravel next the mystery of the missing ethane lakes on Titan – postulated to exist for half a century, but not detected conclusively within the framework of the Cassini-Huygens mission.

In the future, the UH Manoa team will combine the research results with terrestrial-based observations of Titan’s atmosphere. (ANI)