50 per cent of airfryers in Taiwan are unqualified: study

November 6, 2013 Leave a comment

50 per cent of airfryers in Taiwan are unqualified: study

Tuesday, November 5, 2013 – 09:33

The China Post/Asia News Network

TAIPEI, Taiwan – Five out of ten airfryer samples in the market fail to reach the electric equipment commodity standard, according to the sampling inspection conducted by the Consumer’s Foundation Chinese Taipei (CFCT) and the Bureau of Standard, Metrology & inspection (BSMI). Ten products were bought randomly from the Internet and appliance shops for the sampling inspection. The Foundation’s chairperson Chang Chi-gang pointed out that five of the products have issues relating to “important components and structural match” or “mislabel,” which means available products in the market are not the same design as the registered products. There was even one product which, bought from the Internet, did not pass the inspection procedure before import.Chang Chi Gang also said that since the power consumption of airfryers are larger, if the wire of the products does not match the products, it could easily result in electrical fire. He said that consumers should be more cautious before buying an airfryer or select a more reliable source to get a product.

The CFCT claims that although most of the products did pass the safety standard, some sellers were suspected of importing products that have not been re-registered for a new design and are selling the mislabeled products to consumers. Therefore, the sellers should be asked for reclaim their products and be fined according to the Commodity Inspection Act.

The airfryer is a new kitchen tool that basically uses a power fan to create hot air pressure in an airtight container to extract the oil from the ingredient itself. Therefore, it can fry food with less oil and catch the attention of consumers concerned about healthy eating. It is also becoming more popular because it creates less kitchen smoke than traditional fryers and can decrease the possibilities of lung cancer for housewives.

Filed under Macro Trends

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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