Under the epidemic situation, the regulations on production and creation were useless. Minister of Economy Shen Rongjin promised in the Legislative Yuan yesterday (4) that he would build a machine tool to upgrade the automated production platform, discuss with the industry within a period, and put forward specific plans. When the international economy recovers, the unit can be transported to all ...

South Korea’s March factory output jumped by the most in 11 years as demand for display panels and cars received an unexpected boost from lengthy shutdowns in competing Chinese factories amid the coronavirus pandemic. Industrial output surged by a seasonally adjusted 4.6% in March from a month earlier, government data showed on Wednesday, marking the biggest expansion since a 7.3% jump in Febr...

Minister of Economy Shen Rongjin pointed out yesterday (28) that from the US-China trade war to the spread of the new crown pneumonia epidemic, the "de-globalization" of manufacturing is now a key issue for companies. In addition to the use of Industry 4.0 Internet of Things remote control machines , And also readjust the global stronghold. He also said that companies including information and c...

The chairman of Sinosteel Wong Chao-tung believes that the epidemic triggered a global closure of the city and the country, which caused the industry to break the chain and reorganize after the chain is broken. This is a crisis and a turning point. The only way to use the "curvy overtaking" is to avoid the Red Sea market. In order to survive the epidemic, it is necessary to find a new blue ocean...

The Cabinet on Thursday allocated the bulk of a special NT$150 billion (US$4.98 billion) budget to revitalizing the domestic economy, which has been hard hit by the COVID-19 coronavirus pandemic. Pending legislative approval, NT$133.5 billion will go towards helping with the recovery of local businesses and other entities and providing relief to self-employed workers, according to the Director...

The epidemic severely hit the economy, and logistics was severely hindered, affecting the production and sales of steel. Because steel cannot be sold, high stocks have become the norm. Many listed steel mills in Taiwan point out that overseas shipments have plummeted by more than 20% from April. The single situation will reduce the annual rate by 50% or even higher. "There is already the worst pl...

The Ministry of Economic Affairs announced yesterday (20) that the export orders for mechanical products in March amounted to US $ 1.8 billion, a year-on-year decrease of only 1.1%, which was the slightest decline in traditional goods. The Census and Statistics Department pointed out that in addition to the fact that the lower base period last year converged the decline, compared with the current...

Taiwan is expected to export its surgical mask manufacturing machines in August due to growing demand in the globe. The island country has been put on the map for its quick response to the coronavirus pandemic. It has been recognized widely for its ability to pool resources from the private sector to produce large quantities of much sought-after surgical masks in a time of worldwide shortage. ...

The International Monetary Fund (IMF) has lowered its projection for Taiwan's economic growth in 2020 to minus 4.0 percent from 2.0 percent because of the COVID-19 coronavirus pandemic, according to its latest World Economic Outlook report. In the report released Tuesday, the Washington, D.C.-headquartered organization presented the adjustment from the projection it made in its previous report...

The Taiwan Machinery Association released the first-quarter export news of Taiwan's machinery and equipment yesterday (10). Affected by the new coronary pneumonia epidemic, the export value in the first quarter was 5.97 billion US dollars, a 14.1% decline from the same period last year, the lowest in the past three years. The New Taiwan Dollar is denominated at 179.5 billion yuan, a year-on-year ...