Chinese National Federation of Industries (CNFI) Chairman Wang Wen-yuan reported a pessimistic situation among companies in the traditional industries, stating how the pandemic has hindered companies from continuing operations properly. In the report outlining how the recent COVID-19 outbreak impacted Taiwan's local industries, as reported by Wang on Wednesday, the report showed over 60% of do...

Taiwan's economic fundamentals remained strong in April, according to the National Development Council's (NDC) index gauging the economic climate, which flashed a "red light" for the third consecutive month. The index's monitoring indicators reflect the existing economic situation. It moved up a point to 41 in April, reported the government's top economic planning agency on Thursday. It would...

As Taiwanese chip manufacturers are struggling to buoy the global semiconductor supply shortage, Taiwan is taking blows from all sides: the worsening of the COVID-19 pandemic and the year-long drought that has hit multiple sectors: agriculture, commercial, and energy supply. While the government is working hard to contain the epidemic, the shortage of water and electricity has highlighted Tai...

Amid Taiwan's COVID-19 outbreak, the Economic Ministry addressed concerns over whether the current situation would impact the semiconductor industry, stating that the government will assist companies in ensuring protocols are in place in the case of employees contracting the virus. The Economic Ministry stated that protocols are in place to ensure a smoother transition for the global supply cha...

Chung-Hua Institution Economic Research (CIER) released Taiwan's PMI score for March on April 1, arriving at a 62.7 on its report card, and marking a five-month consecutive expansion momentum above 60.0. Though, March would also signify a two-month consecutive slight decline in terms of expansion, a drop of 0.5 index points. Under CIER's PMI index, all five categories saw uptick trends, includ...

TIMTOS 2021 Online has accumulated 57,535 visits in the first two days since its opening on March 15. Many online and offline events were hosted concurrently, bolstering viewership and visitation. Organizer Taiwan External Trade Development Council (TAITRA) says aside from the two-day virtual procurement sessions, this year's edition also featured live streaming events called "TIMTOS Factory ...

Taiwan's government agencies and organizations are slated to host an online global machinery procurement session on March 31 in Taichung. The machinery industry is experiencing a rebound as global pandemic restrictions ease up. As of publication, the procurement session hosted by the Economic Ministry Bureau of Foreign Trade and Taiwan External Trade Development Council (TAITRA) reported 230 b...

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...

Chung-Hua Institution Economic Research (CIER) announced February's PMI index, signaling a slight decline of 1.9 percentage points from last month to 63.2. on Monday. February would mark the fourth consecutive month in which Taiwan's PMI index maintained an expansion above 60%. NMI index reported a 52.1 score, a 2.8-percentage point drop compared to January. While both figures saw a slight de...

Industry analysis organization CRIF China Credit Information Service (CCIS) warned three issues unbalancing Taiwan's economy and industry despite last year's export value breaking record highs at US$345.28 billion. CRIF CCIS factored that Taiwan's exports were too concentrated in intermediate goods, the electronics industry, and high reliance on exporting to China as the top three warning sig...