The Kaohsiung Exhibition and Convention Center, set to open next year, is expected to create up to 30,000 jobs a year after 10 years in operation, the center’s operator said yesterday.
After seven years of planning and two years under construction, the center is scheduled to open in April for the annual Taiwan International Fastener Show, Kaohsiung Exhibition Center Corp president Michael Tu (涂建國) told a press conference.
Other shows scheduled for next year are the Taiwan International Boat Show in May and the Kaohsiung Food Show in October, Tu added.
Established to provide a venue for expo organizers in the south, the center will be able to host more than 30 exhibitions a year and create about 1,000 jobs for each event, Tu said.
“The center is also helpful to the nation’s meetings, incentives, conferencing and exhibitions [MICE] industry,” he said.
“We expect to enhance Greater Kaohsiung’s competitiveness [with the opening of the center] and reinvigorate Kaohsiung Harbor,” he added.
Kaohsiung Exhibition Center Corp will be managing the center’s daily operation for 12-and-a-half-years starting next year, according to a contract the company signed with the Ministry of Economic Affairs yesterday.
Tu said the company plans to invest NT$250 million (US$8.34 million) to upgrade the center in the coming years and aims to generate up to NT$3.4 billion in return on investment by the end of 2026.
The center also hopes to differentiate itself from the Taipei World Trade Center by offering better management with lower carbon emissions, he said.
Meanwhile, Taiwan External Trade Development Council (TAITRA) chairman Wang Chih-kang (王志剛) said he expected the Kaohsiung center to help develop Greater Kaohsiung into an internationally renowned city featuring its local MICE industry.
“I’ve been worried about Taiwan’s MICE industry, having seen how China and Hong Kong have added more expo centers to exhibit China-made products,” Wang said.
He said the center is also crucial to balance economic development in the north and south and should be beneficial to Greater Kaohsiung’s yacht-building industry and tourism.
The economics ministry initiated the center project in 2006, which costs up to NT$3 billion. The center has a total floor area of 67,000m2, which can accommodate 1,424 exhibition booths and different meeting room sizes suitable for up to 4,000 people, the company said.
CAUTIOUS RECOVERY: While the manufacturing sector returned to growth amid the US-China trade truce, firms remain wary as uncertainty clouds the outlook, the CIER said The local manufacturing sector returned to expansion last month, as the official purchasing managers’ index (PMI) rose 2.1 points to 51.0, driven by a temporary easing in US-China trade tensions, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The PMI gauges the health of the manufacturing industry, with readings above 50 indicating expansion and those below 50 signaling contraction. “Firms are not as pessimistic as they were in April, but they remain far from optimistic,” CIER president Lien Hsien-ming (連賢明) said at a news conference. The full impact of US tariff decisions is unlikely to become clear until later this month
Popular vape brands such as Geek Bar might get more expensive in the US — if you can find them at all. Shipments of vapes from China to the US ground to a near halt last month from a year ago, official data showed, hit by US President Donald Trump’s tariffs and a crackdown on unauthorized e-cigarettes in the world’s biggest market for smoking alternatives. That includes Geek Bar, a brand of flavored vapes that is not authorized to sell in the US, but which had been widely available due to porous import controls. One retailer, who asked not to be named, because
CHIP DUTIES: TSMC said it voiced its concerns to Washington about tariffs, telling the US commerce department that it wants ‘fair treatment’ to protect its competitiveness Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday reiterated robust business prospects for this year as strong artificial intelligence (AI) chip demand from Nvidia Corp and other customers would absorb the impacts of US tariffs. “The impact of tariffs would be indirect, as the custom tax is the importers’ responsibility, not the exporters,” TSMC chairman and chief executive officer C.C. Wei (魏哲家) said at the chipmaker’s annual shareholders’ meeting in Hsinchu City. TSMC’s business could be affected if people become reluctant to buy electronics due to inflated prices, Wei said. In addition, the chipmaker has voiced its concern to the US Department of Commerce
STILL LOADED: Last year’s richest person, Quanta Computer Inc chairman Barry Lam, dropped to second place despite an 8 percent increase in his wealth to US$12.6 billion Staff writer, with CNA Daniel Tsai (蔡明忠) and Richard Tsai (蔡明興), the brothers who run Fubon Group (富邦集團), topped the Forbes list of Taiwan’s 50 richest people this year, released on Wednesday in New York. The magazine said that a stronger New Taiwan dollar pushed the combined wealth of Taiwan’s 50 richest people up 13 percent, from US$174 billion to US$197 billion, with 36 of the people on the list seeing their wealth increase. That came as Taiwan’s economy grew 4.6 percent last year, its fastest pace in three years, driven by the strong performance of the semiconductor industry, the magazine said. The Tsai