These are in-depth pre- and post-show reports on major international trade fairs, held in Taiwan and other countries with significant participation by Taiwanese manufacturers and exporters. They are offered to help global buyers and other readers better understand what is going on at the fairs and the latest offerings by Taiwanese exhibitors.
The National Development Council's business climate monitor signaled a fifth consecutive red light in June, with its index just one point less than in May, an optimistic outlook of Taiwan's economic situation. Council director Wu Ming-hui said the current domestic economy is continuing to warm up. Despite the localized COVID-19 outbreak throughout May and June, the manufacturing industry was n...
The U.S. consumer market is preparing for peak season in Q4, and this has led to a situation where global entities are charting shipping containers to ensure delivery. International e-commerce giant Alibaba recently announced that it would begin operating a chartered shipping route initiative between East Asia and the U.S. western coast. Each week would see around 3,000 TEU and a monthly 12,00...
The Economic Ministry Department of Statistics' latest statistics showed a booming performance for export orders in June, specifically from the ASEAN region, amounting to a record-breaking USD$5.45 billion and an over 40% annual increase. The government report also highlighted that major export destinations in the U.S., China, Hong Kong, and Europe saw new highs in terms of comparing same-mon...
With port traffic at an all-time high, causing shipping congestion in the U.S., foreign media reported that the Union Pacific Railroad would be pausing its harbor transportation services last Friday, effective as of July 19. The affected regions include Los Angeles, Long Beach, Oakland, Washington, and Tacoma. The suspension is slated to last for a week in hopes of easing inventory backing up ...
Four petrochemical firms Formosa Plastics, Nanya Plastics, Formosa Chemicals and Fibre, and Formosa Petrochemical - often referred to as the "Four Treasures of Formosa Plastics" - performed and profited in Q2, according to reports released on Sunday. As the traditional peak season and seeing reopened European and American economies, the third quarter is expected to enjoy considerable growth as...
With Taiwan entering the summer, the state-owned power company Taipower expects to see electricity consumption rise significantly, raising concerns regarding power supply as a unit in a power plant is scheduled to shut down. The No.1 unit of New Taipei-based Kuosheng Nuclear Power Plant is slated to be shut down half a year earlier than scheduled, highlighting concerns over a possible power ou...
The 11th Taiwan-U.S. TIFA will resume talks on June 30 after a four-year hiatus, according to the American Institute in Taiwan (AIT). The statement issued on Friday indicated that the meeting will be held via digital video conference due to the COVID-19 pandemic. The announcement comes after a steady improvement of Taiwan-U.S. relations. Talks will revolve around trade and other methods of imp...
The Appacus Foundation Chairman Chen Chun warned possible challenges for Taiwan's economic trade future, citing how global economies' bounceback after the pandemic would serve as a stark contrast with Taiwan's internal struggle with the COVID-19 outbreak. Chen used the U.K.'s Brexit as an example; contrary to most analysts' grim perspectives regarding the British government's untimely exit fr...
Benefiting from the strong momentum of electronic information communication and rising prices for raw material markets, the Ministry of Economic Affairs (MOEA) announced that its export orders for May were marked at US$52.29 billion. Market watchers expect June to perform better than that in May. The orders received in the first six months will exceed US$300 billion, while expectations indicat...
With the shortage of COVID-19 vaccines and players mobilizing capacity on all fronts, chip-maker TSMC announced on the 19th that it will purchase 5 million doses of the BNT vaccine. Taiwan's top financial analyst Kirkland Capital Chairman Kirk Yang said that TSMC’s chip-making capabilities are the best bargaining chip, enabling them to negotiate with the German government for chip and vaccine...
