US-based Costco Wholesale Corp on Thursday said that it had purchased the remaining 45 percent stake in Costco President Taiwan Inc (台灣好市多) for US$1.05 billion, making the local company a fully-owned unit.
“We estimate that the purchase would add about 1 to 1.5 percent to [our] earnings per share,” Costco said in a statement.
Costco President Taiwan was established as a joint venture with Kaohsiung-based President Group (大統集團), which held a 45 percent stake.
Since the first Costco store opened in Kaohsiung in 1997, 14 outlets have been set up in Taiwan, company data showed.
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Three Costco stores in Taiwan in Taipei’s Neihu
Taipei, June 26 (CAN) An Indigenous unmanned combat aerial vehicle (UCAV) Teng Yun 2 reportedly completed a 10-hour-non-stop test flight circumnavigating Taiwan's Air Identification Defense Zone (ADIZ) early Sunday, an achievement described by a local defense expert as a "major milestone" in the nation's indigenous defense history.
The Ministry of Justice has become aware of “external forces” paying Internet streamers to make false statements in an attempt to influence November’s nine-in-one elections, Minister of Justice Tsai Ching-hsiang (蔡清祥) said yesterday.
Tsai made the remarks in an interview with the Chinese-language <i>Liberty Times</i> (the <i>Taipei Times</i>’ sister newspaper), the contents of which were aired yesterday.
The ministry is continuing to monitor such behavior and would strive to combat cognitive warfare tactics, he said.
Attempts to influence Taiwanese politics by giving Internet personalities and streamers money and having them spread false information is a new tactic, Tsai said.
“External forces have been known
PAYOLA PROPAGANDA: Using streamers to spread false information is a new tactic, as outside forces often sponsor a particular group through businesspeople, a minister saidBy Wu Cheng-feng and Jake Chung / Staff reporter, with staff writer
Tenants can from July 1 apply to access a NT$30 billion (US$1.01 billion) relief program set up by the Executive Yuan, the Construction and Planning Agency said yesterday.
The program, set up to offer relief to tenants affected by the COVID-19 pandemic, would accept applications through an online platform, it said.
At least 500,000 newlywed couples, families with young children and singles living alone would benefit from the housing subsidy, which was first announced in March, the agency said.
The program offers subsidies to four times more families than had been eligible for the previous program, which was capped at 12,000 families, and