Taiwan factory closures fell by almost two-thirds in the first four months of the year as a rebound in export orders prompted manufacturers to boost production.
Companies shut 978 factories during the period, 63 percent fewer than the same period last year, government figures showed.
The drop in factory closures is the latest sign Taiwan has pulled out of its worst recession on record. Reviving demand for computer chips, mobile phones and other goods helped the economy grew 0.9 percent last quarter from a year earlier, snapping a three-quarter contraction.
The number of new factory openings more than tripled in April from a year earlier to 381, the government said.
Still, the lure of China's lower production and labor costs are pulling some manufacturers out of Taiwan. New factory openings in the first four months of the year fell by one-tenth to 1,224 as more companies expanded in China.
‘NOT AN INCH’: The president said after incursions by Chinese warplanes that there should be very smooth collaboration between the executive and military branches President Tsai Ing-wen (蔡英文) yesterday said that Taiwan would not budge “an inch” on issues of sovereign territory and would stalwartly defend its democratic freedoms. Tsai made the remarks during an inspection of surface-to-air missiles at an air force base in Hualien. She was accompanied by National Security Council (NSC) Secretary-General Wellington Koo (顧立雄), Minister of National Defense Yen De-fa (嚴德發), Chief of the General Staff Huang Shu-kuang (黃曙光) and Republic of China Air Force Commander Hsiung Hou-chi (熊厚基). After attending a briefing, Tsai was given a demonstration of procedures for a missile launch. Tsai granted the base a one-time subsidy to boost troop
RIVERSIDE CAMP: As rescuers continued their search for a missing man, Taipower said that the floodgates at a hydro plant on the Lishi Creek opened due to a malfunction Three people have been confirmed dead and one was missing after being swept away by a flash flood while camping in Nantou County’s Renai Township (仁愛), police said yesterday. Six people from two families were camping near Lishi Creek (栗栖溪) when the riverbanks were suddenly flooded just after 4am, carrying away four of the campers — including two children — who were asleep in their tents, police said. A man who was among those swept away was able to climb ashore and call for help, police said, adding that another man had gone missing in the turmoil at the campsite.
ON THEIR OWN: The KMT has decided not to participate as a party at this year’s forum, and if any members do go, they would not be representing the party, Alicia Wang said The Chinese Nationalist Party (KMT) yesterday announced that it would not send a delegation “as a political party” to this year’s Straits Forum, after a Chinese TV program described the planned visit to the annual meeting as “suing for peace.” The 12th forum is scheduled to open in Xiamen, China, on Saturday. On Tuesday last week, the KMT announced that former legislative speaker Wang Jin-pyng (王金平) would lead the party’s delegation to the forum, with KMT Secretary-General Lee Chien-lung (李乾龍) as deputy head. However, on Thursday last week, China Central Television’s (CCTV) Yangshipin (央視頻) program, hosted by Li Hong (李紅), included a headline
‘NO EQUILIBRIUM’: Taiwan’s increased defense spending is a good step, but it needs to do more to have the ability to deter aggression from China, a senior US official said The US plans to sell as many as seven major weapons systems — including mines, cruise missiles and drones — to Taiwan, four people familiar with the discussions said. Pursuing seven sales at once is a rare departure from years of precedent in which US military sales to Taiwan were spaced out and carefully calibrated to minimize tensions with Beijing. However, US President Donald Trump’s administration has this year become more aggressive with China, and the sales would land as relations between Beijing and Washington are at their lowest point in decades over accusations of spying, lingering trade tensions, disputes about the