ATM density triple average
The density of automated teller machines (ATMs) in Taiwan’s banking system is three times as high as the average in Asia, the Financial Supervisory Commission said on Thursday. There are 157 ATMs per 100,000 adult bank account holders in Taiwan, while in Asia the overall ratio is 51.8 ATMs, the commission said, citing data from October last year. Taiwan’s ATM density is higher than Japan’s (127.59), Singapore’s (66.46) and Hong Kong’s (51.8), the data showed. In terms of commercial banks, the density in Taiwan is 17.6 branches per 100,000 adult account holders, while Asia averages 9.1, the commission said.
Gogoro still on Cleantech list
Electric scooter producer Gogoro Inc (睿能創意) has made the Global Cleantech 100 for the third time and is the only Taiwanese company to make this year’s list. Gogoro earned a spot in the transportation and logistics category of the Global Cleantech 100, which was released on Thursday, and was praised for making vehicles that are effective for fleets and for the sheer scale of its share in many Asian and emerging markets.
Japan routes announced
Yang Ming Marine Transport Corp (陽明海運) aims to continue enhancing its intra-Asia service network by launching a new Taiwan-Japan service from Sunday, the container shipper announced this month. The new service would provide weekly direct services between Kaohsiung and Osaka, Kobe and Hakata, Yang Ming said. Furthermore, the transit time between Taiwan and Japan’s Kansai region would be shortened by at least one or two days, the shipper said.
STEPPING UP: The firm has also asked employees to work in split shifts from this week and to halt all but essential overseas business travel from next month Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has implemented a remote work policy for employees not on production lines in an attempt to curb the spread of COVID-19, the world’s largest contract chipmaker said yesterday. This is the first time in the Hsinchu-based company’s history that it has launched a large-scale remote work policy, joining global technology companies, such as Apple Inc and Google, that encourage employees to work from home. The chipmaker has also asked employees to work in split shifts from this week, it said. As the number of virus infections continues to climb worldwide, TSMC has urged employees to halt unnecessary
A two-hour drive south of Amsterdam in Veldhoven, workers decked out head-to-toe in protective gear toil in vast assembly halls. Before entering the inner sanctuary of the facilities, they meticulously layer on masks, gloves and special socks. A single speck of dust or a hair can have devastating effects on production. The result of all this painstaking process is an environment that is 10,000 times more purified than outside. As COVID-19 grips the world, it might just be the safest place to work right now. The teams belong to ASML Holding NV, which holds a de facto monopoly on the industry of
DBS Bank Ltd yesterday hacked its GDP growth forecast for Taiwan this year to 0.9 percent, down from its estimate of 2.3 percent two months earlier, in light of the COVID-19 pandemic and increasing financial market volatility. The bank’s latest forecast was even lower than London-based IHS Markit Ltd’s estimate of 1 percent, while other research institutes’ projections range from 1.6 percent to 2.6 percent. Taiwan’s economic momentum is being negatively affected by the pandemic, DBS said. The rapid spread of the disease from Asia to Europe and the US has dampened the bank’s previous expectation of a “V-shaped” global rebound in the
Manufacturers are on a mission to produce desperately needed medical ventilators for the COVID-19 pandemic, even if it means converting assembly lines now making auto parts. Along with a shortage of masks and gloves, the spread of COVID-19 to almost every corner of the globe has highlighted a great need for specialized machines that help keep severely afflicted patients alive. “As the global pandemic evolves, there is unprecedented demand for medical equipment, including ventilators,” GE Healthcare chief executive officer Kieran Murphy said. The group has hired more workers and is making ventilators around the clock. Swedish group Getinge AB is also ramping up output