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 Hon Hai-Foxconn Technology Group has reportedly announced its decision to put on hold its deal to acquire the financially troubled Sharp Corp. of Japan, due to its having to clarify the contents of a document that Sharp Corp. delivered on Feb. 24. The announcement came shortly after Sharp had announced its agreement to the buyout, which is estimated at around 489 billion yen (US$4.3 billio...
Taiwan had US$34.19 billion in export orders in January, contracting 12.4 percent year on year to mark the island’s steepest export-order recession in six and a half years for the second consecutive month of double-digit decline, according to Taiwan's Ministry of Economic Affairs (MOEA). Lin Li-chen, director of the ministry’s Department of Statistics, predicts the island’s export order to con...
Taiwan’s exports fell 13 percent year on year, to US$22.2 billion in January, the 12th in a series of worsening monthly declines. According to Taiwan's Ministry of Finance (MOF), the recently reported downtrend is only two months short of the longest period of contraction in Taiwan’s exports set during global financial meltdown that began in late 2008. Senior ministry officials do not ex...
The Aerospace Industrial Development Corp. (AIDC), Taiwan’s largest aircraft maker by size and also known for developing the AIDC F-CK-1 Ching-kuo fighter several decades ago, recently said that its delegation led by company chairman Anson Liao had gone to the Singapore Airshow 2016, Asia's largest and one of the most important aerospace and defense exhibitions in the world. Despite being abse...
The Directorate-General of Budget, Accounting and Statistics (DGBAS) of Taiwan’s Cabinet has further revised downward its target for the island’s 2016 economic growth to merely 1.47 percent year on year, 0.85 of a percentage point lower than the 2.32 percent it had issued in October last year. The organization announced the latest target last Wednesday, due to the likelihood that the governmen...
Although the Directorate-General of Budget, Accounting and Statistics (DGBAS) of Taiwan’s Cabinet will not release its latest forecast for Taiwan’s economic growth in 2016 until Feb. 17, National Development Council (NDC) Deputy Minister S.Q. Kao has predicted the island’s economy to attain the humble growth target of 2 percent year on year. She bases her forecast on the still healthy momentum...
Taiwan's Ministry of Finance (MOF) recently announced that the national tax revenue hit a record high of NT$2.12 trillion (US$638.1 billion) in 2015, up 7.2 percent from the previous year to outstrip the original target by NT$173.1 billion (US$5.21 billion). The gap between the actually levied and targeted amounts was also a record high. The Ministry preliminarily predicted that in December, 2...
The Alibaba Holding Group Ltd., the e-commerce service provider headquartered in mainland China, will move some of the servers hosting its online retail platforms Taobao Marketplace and Tmall.com to buildings owned by the Hon Hai-Foxconn Technology Group in a software industrial park located in Kaohsiung, southern Taiwan. According to WSJ online, "Alibaba is China’s—and by some measures, the w...
Airbus, recognized as the largest European aircraft maker, recently announced its delivery of the first A320Neo (New Engine Option) to the German airline Lufthansa. The foreseeable strong demand, to be buoyed by very low fuel prices that could last for some time with OPEC still unwilling to cut production to hold market share, for the A320 family aircraft is expected to benefit aviation parts sup...
The establishment of the ASEAN Economic Community (AEC) on the last day of 2015 is a major milestone in the regional economic integration agenda in the Association of Southeast Asian Nations (ASEAN), offering opportunities in the form of a market with potential value of US$2.6 trillion and over 622 million consumers. In 2014 the AEC was reportedly the third largest economy in Asia and the seventh...
