The Economic Ministry has prepared three measures in the face of a record-breaking drought to ensure water usage until the end of May. The concern comes as the globe grapples with chip shortages. According to Economic Minister Wang Mei-hua on Monday, the drought so far has not impacted chipmaker TSMC. Other water-intensive sectors such as textile factories and agriculture farming are feeling t...

Taiwan External Trade Development Council (TAITRA) Chairman James C. F. Huang expressed optimism regarding resuming business operations in 2021 due to the COVID-19 vaccine rollout. In terms of TAITRA's main area of expertise in trade fairs, Huang said hybrid shows would become the norm, emphasizing digital transformation is still a crucial trend to invest in during the post-pandemic era. TAITR...

In the latest global economic forecast reports, a number of global organizations have indicated a decline for the majority of global industries in the coming year. Both organizations named the worsened second-wave of the COVID-19 pandemic in Europe, India, Brazil, and Latin America, as the prominent reason behind the downward trend. The International Monetary Fund (IMF) and Organisation for E...

The COVID-19 pandemic has changed the public's awareness of clean, quality air and other related health issues, accelerating Taiwan's architecture industry's foray into the latest global trend: "healthy buildings." In response to the government's pandemic-prevention regulations, the Taiwan Architecture & Building Center (TABC), Taiwan Wellness Building Association, SEED, International WELL B...

Several industries have enjoyed a market boom amid the COVID-19 pandemic, bolstered by work-from-home demand, including backlight module (BLM) makers and laptop suppliers. BLM maker Coretronic remarked that with the shortage of panel parts and shipping containers unable to meet demand, the firm's tentative combined delivery volume for energy-saving products would decline in December. Coretr...

Global high-end lithium iron phosphate battery maker Aleees saw a rebound in YoY growth, as its combined revenue in November hit NTD$15 million, indicating resumed demand and further increasing its investments in new energy solutions for automotive use. Aleees remarked that the firm is currently replacing its automotive lead-acid batteries with the new lithium iron phosphate options, having be...

The current global supply chain trends would move towards safety-orientation over profits, National Taiwan University Honorary Professor Chen Po-chih said. Chen's remarks come before the "Economic Investment Outlook Seminar" on Dec. 17, hosted by the Economic Daily News, where he is slated as among the keynote speakers. The forum will invite domestic and foreign academics and speakers to analy...

The Economic Ministry released the manufacturing industry value data for Q3 on Thursday, reporting NTD$3.24 trillion, a 4.56% decline compared to last year's same period, marking a seven-quarter consecutive negative growth. Compared to the decline, as shown in Q2's negative 11.39%-decrease, the Economic Ministry suggested that the economic recession shows recovery signs. The ministry continues...

With the signing of the Regional Comprehensive Economic Partnership (RCEP) — the world's largest free trade area, several of Taiwan's industries could see increased competition, reported the Economic Ministry. RCEP consists of the 10 ASEAN states, Japan, South Korea, Australia, New Zealand, and China. Even without the U.S. and India, the trade zone will cover about 2.2 billion people or 30 per...

October's export figures made monthly records, reaching a yearly 11.2%-growth at USD$32.23 billion, reported statistics from the Finance Ministry. The Finance Ministry named three factors buoying October's good performance: digitalization of individual businesses, Apple's new iPhone launch, the nearing year-end shopping season, and businesses re-stocking inventory as the global economy begins ...