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Financial conglomerates profit on stock investments

The nation’s major financial conglomerates with life insurance subsidiaries have reported higher net profits for the first quarter of this year on the back of investment returns, buoyed by the booming domestic stock market, companies’ data showed. Fubon Financial Holding Co (富邦金控), the nation’s second-largest financial holding firm by assets, yesterday reported net profit of NT$11.49 billion (US$403.7 million) for last month, up 42 percent year-on-year, while its net profit totaled NT$50 billion in the first quarter, up 118 percent year-on-year, it said in a statement. Earnings per share were NT$4.89 in the first quarter, ranking the company first among the nation’s

Taipei office demand remains strong: JLL

Taipei office demand remains strong: JLL NO VACANCY: Demand for grade A office space, especially from tech firms, is so robust that even upcoming projects have secured tenants, Jones Lang LaSalle said By Crystal Hsu / Staff reporter Vacancy rates for grade A offices in Taipei held relatively steady at 2.1 percent last quarter, while monthly rent edged up 0.7 percent to an average of NT$2,828 (US$99.48) per ping (3.3m2) as demand remained strong, while space is limited, Jones Lang LaSalle Inc (JLL) said yesterday. The vacancy rates suggested a small net takeout of 25 ping as a lack of new supply is hampering activity, JLL Taiwan managing director Tony Chao (趙正義) told a news briefing in Taipei.

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