‘UNFAVORABLE’: The NT dollar, which appreciated faster than peers, is a more important factor affecting manufacturers’ ability to secure orders, a group said
The nation’s machine tool exports for the first four months fell 10.7 percent year-on-year, but the pace of the decline improved from 14.9 percent for the first three months, Taiwan Machine Tool and Accessory Builders’ Association (台灣工具機暨零組件公會) statistics showed on Friday.Cumulative exports totaled
Saudi Arabian Oil Co (Aramco), the Saudi state-owned oil giant, yesterday posted first-quarter profits of US$26 billion, down 4.6 percent from the prior year as falling global oil prices undermine the kingdom’s multitrillion-dollar development plans. Aramco had revenues of US$108.1 billion over the
Prices of gasoline and diesel products at domestic fuel stations are this week to fall NT$1.1 and NT$1.2 per liter respectively, dropping for the second consecutive week despite an increase in international crude oil prices, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterda
China Airlines Ltd (CAL, 中華航空) on Friday posted its highest first-quarter net profit, which it attributed strong travel demand during the Lunar New Year holiday and the winter vacation.The airline recorded a net profit of NT$4.66 billion (US$153.75 million) in the January-to-March period, a 36.54 pe
China’s consumer deflation extended for a third month last month, as punitive tariffs imposed by the US add to a drag on prices from weak domestic demand.The consumer price index fell 0.1 percent from a year earlier, the Chinese National Bureau of Statistics said on Saturday, similar to the drop in
A woman lines up a shot while practicing wheelchair basketball at the World Masters Games expo in Taipei’s Songshan Cultural and Creative Park yesterday. The expo features exhibitions, interactive events and performances ahead of the international sporting event, which begins on Saturday in Taipei a
At the annual gathering of France’s finest chefs for the Michelin Guide awards this year, the talk was not only about whose restaurants had gained or lost a star. “Everyone’s discussing AI [artificial intelligence]. I was at a table of 12 other chefs, and it was the main thing we talked about,” Mata
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at sc
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has att
TRADE TALKS: US and Chinese trade negotiators are meeting this weekend, with the US administration said to be weighing a dramatic cut in tariffs to de-escalate tensions
Chinese exports rose more than expected last month even as shipments to the US slumped sharply in the first month after US President Donald Trump targeted its goods with tariffs above 100 percent.The first official hard data after the trade war escalated captures only the initial damage from the pro
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect.The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.
Taiwan’s two major hospitality service providers expressed caution following a noticeable decline in consumer confidence in the wake of US tariff hikes and the local currency’s sharp appreciation.FDC International Hotels Corp (雲品國際) fared relatively well, with consolidated revenue last month rising
US OPERATIONS? Delta is focused on expanding in Thailand, while Compal is thinking of building a plant in Texas and stepping up deployment in Mexico
Power supply and electronic component maker Delta Electronics Inc (台達電) yesterday posted NT$40.78 billion (US$1.35 billion) in revenue for last month, rising 21.6 percent year-on-year, driven by growing demand for power and heat dissipation products used in artificial intelligence-related devices.On
The central bank yesterday called on local financial institutions to strictly adhere to foreign exchange rules and ensure that foreign capital inflows align with their declared purposes to help maintain stability in the foreign exchange market.The call came after the local currency appreciated more
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yes
Excavators unload coal from rail cars into a coal storage facility of a logistics company in Binzhou, China, yesterday.
IN DEMAND: Taiwan appears poised to maintain its export strength, as AI infrastructure investments show no signs of slowing down, the Department of Statistics’ head said
Taiwan’s exports last month soared 29.9 percent year-on-year to US$48.66 billion, the second-highest on record, thanks to front-loading demand for tech products used in artificial intelligence (AI) and high-performance computing, after Washington announced a 90-day respite for its “reciprocal” tarif
NO US PRESSURE: The central bank head said the US did not ask for a stronger NT dollar and that it was overly strong market expectations driving the local currency
Central bank Governor Yang Chin-long (楊金龍) yesterday dismissed the possibility of Taiwan being labeled a currency manipulator by the US Department of the Treasury.“I’m confident that Taiwan will not be labeled as a currency manipulator,” Yang said at a meeting of the legislature’s Finance Committee
Wistron Corp (緯創), a leading Taiwanese computer and peripheral original design manufacturer (ODM), is injecting more than US$1.1 billion into its US and Mexican subsidiaries in response to US tariff policies, after the company’s board of directors on Tuesday approved 10 investment proposals.Four of
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