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U-Ming bullish on global recovery, rise in iron ore


U-Ming bullish on global recovery, rise in iron ore
By Kao Shih-ching / Staff reporter
U-Ming Marine Transport Corp (裕民航運), a bulk shipper and member of Far Eastern Group (遠東集團), is upbeat about the bulk shipping business in the coming quarters on expectations of a recovery in the global economy, a rise in iron ore production and an expansion of grain exports from the US, the company said yesterday.
U-Ming reported net profit of NT$345.81 million (US$12.43 million) for the first quarter of this year, or earnings per share of NT$0.41, compared with a net loss of NT$384 million in the same period of last year. ....

T Ai Pei , Bismark Chang , U Ming Marine Transport Corp , Taiwan Stock Exchange Web , Eastern Group , Taipei Times , Kao Shih Ching , Ming Marine Transport Corp , Far Eastern Group , Taiwan Stock Exchange , Wang Yi Hung , Baltic Dry Index , டி ஐ பேய் , உ மிங் கடல் போக்குவரத்து கார்ப் , கிழக்கு குழு , தைப்பே முறை , காவ் ஷிஹ் சிங் , மிங் கடல் போக்குவரத்து கார்ப் , இதுவரை கிழக்கு குழு , டைவாந் ஸ்டாக் பரிமாற்றம் , வாங் இ தொங்கவிடப்பட்டது , பால்டிக் உலர்ந்த குறியீட்டு ,

FSC says insurance companies need to protect rights of COVID-19 policyholders

The Financial Supervisory Commission (FSC) on Tuesday called on property insurance companies to safeguard the rights of policyholders at a time when Taiwan faces a surge in COVID-19 infections.
Since late last year, several insurers have launched COVID-19 policies, which would require them to compensate policyholders who are infected with the virus and given medical treatment.
At least seven policies would also cover treatment for COVID-19 in a negative pressure isolation room, FSC data showed.
Although the number of domestic cases is rising with demand for hospital beds and isolation rooms increasing some infected policyholders have not been hospitalized, but placed ....

T Ai Pei , Shih Chiung Hwa , Consumer Foundation , Financial Supervisory Commission , Taiwan Fire Marine Insurance Co , Insurance Bureau , Taipei Times , Kao Shih Ching , Taiwan Fire , Marine Insurance , Zhongzheng District , Insurance Bureau Director General Shih Chiung Hwa , The Taipei Times , டி ஐ பேய் , நுகர்வோர் அடித்தளம் , நிதி மேற்பார்வை தரகு , டைவாந் தீ கடல் காப்பீடு இணை , காப்பீடு பணியகம் , தைப்பே முறை , காவ் ஷிஹ் சிங் , டைவாந் தீ , கடல் காப்பீடு , தி தைப்பே முறை ,

More businesses using contactless payment methods


More businesses using contactless payment methods
By Kao Shih-ching / Staff reporter
More small merchants, stores and vendors have adopted contactless payment methods amid rising domestic COVID-19 infections.
“The number of stores that have asked about our service and were interested in using our electronic payment tool has risen more than 40 percent since the COVID-19 alert was raised to level 3 nationwide last week,” Line Pay Taiwan Ltd (連加網路商業) said in a statement yesterday.
Line Pay Taiwan said that most of them are small or medium-sized stores or online merchants, which are generally more hesitant about accepting virtual payments than larger stores.
A convenience store worker scans a QR code on a customer’s phone to complete a transaction in Taipei on Nov. 6, 2019. More small merchants, stores and vendors have adopted contactless payment methods amid rising domestic COVID-19 infections, companies said yesterday. ....

T Ai Pei , Lee Ching Hui , Taipei Fubon Commercial Bank , Bank Sinopac , Line Pay Taiwan Ltd , Taipei Times , Kao Shih Ching , Pay Taiwan Ltd , Pay Taiwan , Line Pay Taiwan , டி ஐ பேய் , லீ சிங் ஹுய் , தைப்பே முறை , காவ் ஷிஹ் சிங் ,

E.Sun Financial posts net fee income of NT$5.27bn


E.Sun Financial posts net fee income of NT$5.27bn
PROFITABLE UNIT:
E.Sun Securities’ net fee income contributed to 16.3% of its parent company’s total in the first quarter, and rose 52.5% year-on-year
By Kao Shih-ching / Staff reporter
E.Sun Financial Holding Co (玉山金控) on Monday reported net fee income of NT$5.27 billion (US$189.1 million) for the first quarter of this year, the highest quarterly figure in its history, thanks to contributions from E.Sun Securities Co (玉山證券) as more investors participated on the local stock market.
E.Sun Securities’ net fee income increased 52.5 percent year-on-year to NT$840 million in the first quarter, accounting for 16.3 percent of the holding company’s net fee income, E.Sun Financial said in a statement. ....

T Ai Pei , Kelson Wang , E Sun Financial Holding Co , E Sun Commercial Bank , E Sun Securities Co , Taipei Times , Kao Shih Ching , Sun Securitie , Sun Financial , Sun Commercial , டி ஐ பேய் , கெள்சொன் வாங் , ஏ சூரியன் நிதி வைத்திருத்தல் இணை , ஏ சூரியன் வணிகரீதியானது வங்கி , தைப்பே முறை , காவ் ஷிஹ் சிங் , சூரியன் நிதி , சூரியன் வணிகரீதியானது ,

TAIEX rises despite local outbreak as shares of container shippers climb


TAIEX rises despite local outbreak as shares of container shippers climb
SURGE:
Transactions in the shipping sub-index made up 37 percent of all transactions, which an investor said indicated a shaky structure of market participants
By Kao Shih-ching / Staff reporter
The TAIEX yesterday gained 0.22 percent to 16,338.29 points, despite rising numbers of locally transmitted COVID-19 cases in the nation over the weekend.
“The surging cases weighed on the stock market, but it was offset by investors’ passion for container shipping stocks, given strong freight rates and local shippers’ rosy profits last quarter,” Hua Nan Securities Investment Management Co (華南投顧) chairman David Chu (儲祥生) said by telephone. ....

T Ai Pei , David Chu , Bevan Yeh , Hua Nan Securities Investment Management Co , Taiwan Stock Exchange , Wan Hai Lines Ltd , Yang Ming , Evergreen Marine Corp , Prudential Financial Securities Investment Trust Enterprise Co , Yang Ming Marine Transport Corp , Kao Shih Ching , Marine Corp , Wan Hai , The Taipei Times , டி ஐ பேய் , டேவிட் சூ , ஹுவா நான் பத்திரங்கள் முதலீடு மேலாண்மை இணை , டைவாந் ஸ்டாக் பரிமாற்றம் , வ்யாந் ஹாய் கோடுகள் லிமிடெட் , யாங் மிங் , பசுமையான கடல் கார்ப் , யாங் மிங் கடல் போக்குவரத்து கார்ப் , காவ் ஷிஹ் சிங் , கடல் கார்ப் , வ்யாந் ஹாய் , தி தைப்பே முறை ,