Chief executive officers in Taiwan have more confidence than the global average that their companies will see revenue growth this year, according to a survey released on Thursday by PricewaterhouseCoopers Taiwan.
As part of its 15th annual global CEO survey, the financial services company for the first time conducted a poll of 101 chief executives of Taiwan-listed companies and had interviews with eight of them.
Eighty-eight percent of Taiwanese CEOs said they were very confident regarding revenue growth for their own firms over the next 12 months, which is 1.2 times higher than the average of 40 percent for executives around the world, the survey showed.
The optimism in Taiwan is a result of Taiwanese firms’ long-term investments in China and other emerging markets, and because Taiwanese businesses are capable of providing high-quality products and services, the survey suggested.
However, about 69 percent of Taiwanese CEOs believed the global economy would deteriorate this year, while 18 percent said it would improve and 11 percent believed it would stay the same.
Around the world, 48 percent of CEOs expected the macroeconomy to decline this year, with 24 percent saying it would stay the same and 15 percent saying it would improve.
Asked about the potential impact of free-trade agreements that South Korea signed with the US and Europe, 46 percent of Taiwanese CEOs said the deals would have a “certain impact” on their companies.
About 46 percent of respondents said the deals would have “no impact” on their businesses, with 8 percent saying the impact would be “great.”
The Taiwanese CEOs said the government should quicken its pace in signing more free-trade pacts with other countries and in liberalizing trade to strengthen Taiwan’s international competitiveness, according to the survey.
Gogoro Inc (睿能創意) yesterday launched its first electric bicycle, the Gogoro Eeyo 1, in Taiwan, after unveiling the bike in New York in late May and in France on Tuesday. The company said it would also introduce the series in other European countries such as Germany and the Netherlands. The “Eeyo project” is the fourth of Gogoro’s eight projects that concentrate on smart transportation, which includes Gogoro’s electric scooter, battery swap system and electric scooter sharing service, company founder and chief executive officer Horace Luke (陸學森) told a media briefing in Taipei. “There are various types of city commuters. We will not
EXPERIMENTAL DRUG: While news about a COVID-19 vaccine is more eye-catching, developing a treatment would be more viable, the Senhwa boss said Senhwa Biosciences Inc (生華科) aims to raise NT$1.5 billion (US$50.57 million) by issuing 15 million new common shares in the third quarter of this year to fund the research of new drugs, including the experimental drug Silmitasertib for the treatment of COVID-19, the company said on Monday. That would be the firm’s largest fundraising effort after it raised more than NT$1.4 billion from an initial public offering on the Taipei Exchange (TPEX) in April 2017, chief financial officer Sarah Chang (張小萍) told the Taipei Times by telephone. The price of the new shares would depend on the firm’s average share price
NOT A PANACEA: Offering 5G services would not solve the problem of declining telecom incomes, chairman Sheih Chi-mau said, expecting a flat 5G telecom revenue Chunghwa Telecom Co (中華電信) yesterday became the nation’s first telecom to debut its 5G services, offering tiered tariffs that include a threshold of NT$599 and flat rates, as it aims to switch half of its subscribers to the 5G network within three years. Subscribers would have unlimited data transmission for monthly fees starting at NT$1,399 — the same flat rate as when the company launched its 4G service in 2014 — and they can subscribe to the highest-rate plan for NT$2,699 per month for faster data transmission speeds and larger bandwidth, the company said. Data transmission speeds would be within the range
STAYING AHEAD: TSMC expects its sales this year to grow 14 to 19 percent and could spend up to US$3.52 billion on research and development, leaving its rivals far behind Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) reported that the US last year approved 99 percent of its patent applications, which placed the tech giant among the top patent holders in the US. In its Corporate Social Responsibility Report, TSMC said it last year secured about 3,600 patents worldwide, including more than 2,300 in the US. As of the end of last year, TSMC owned more than 39,000 patents, the report said. The company last year filed almost 6,500 patent applications worldwide and ranked among the top 10 patent applicants in the US. In Taiwan, it was the largest patent applicant for the fourth