CAUTIOUS approach: US trade policy is rattling consumer and property market confidence, and would weigh on property investment, Colliers said
Commercial property deals totaled NT$28.7 billion (US$882.29 million) last quarter, slumping 37 percent year-on-year, as global economic uncertainty and lingering credit controls in Taiwan chilled the market, Colliers International Taiwan (高力國際) said yesterday.“Unclear US tariff policies are driving
Power supply and electronic components maker Delta Electronics Co (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest.The new charging piles, which deliver up to 1 megawatt of charging power, are desig
US Secretary of the Treasury Scott Bessent on Wednesday said that high tariffs between the US and China are not sustainable, as US President Donald Trump’s administration signaled openness to de-escalating a trade war between the world’s two largest economies that has raised fears of recession.The t
SK Hynix Inc warned of increased volatility in the second half of this year despite resilient demand for artificial intelligence (AI) memory chips from big tech providers, reflecting the uncertainty surrounding US tariffs.The company reported a better-than-projected 158 percent jump in March-quarter
The nation is to stockpile critical minerals in a new strategic reserve, Australian Prime Minister Anthony Albanese said yesterday, as nations scramble to source rare earths and coveted metals outside China.Mining superpower Australia sits on bulging deposits of lithium, nickel and cobalt — metals u
Women pose for photos in a fur-covered car at the Shanghai auto show yesterday.
HIGH-TECH INDUSTRY: Production of electronic components grew 20.39 percent and semiconductors 24.19 percent, while automotive products dropped 11.18 percent
The industrial production index last month expanded 13.65 percent annually to 106.1, reaching a three-month high, while also increasing 11.95 percent annually in the first quarter, as demand for artificial intelligence (AI) and high-performance computing (HPC) applications remained robust, the Minis
HIGH VOLTAGE: Electricity demand from manufacturing rose 1.69 percent and 0.37 percent from the service sector for 1.49 percent overall, indicating a strong economy
Taiwan’s economic activity last month continued to gain support from inventory replenishment demand and rush orders ahead of the US government’s new tariffs, an electricity consumption survey by the Taiwan Research Institute (台灣綜合研究院) showed yesterday.The Electricity Prosperity Index (EPI) compiled
Shares in Taiwan recorded their second-highest daily point gain in history yesterday amid the possible easing of trade tensions between the US and China, and after US President Donald Trump indicated that he would not dismiss US Federal Reserve Chair Jerome Powell.The TAIEX closed up 845.71 points,
United Microelectronics Corp (UMC, 聯電) forecast that its wafer shipments this quarter would grow up to 7 percent sequentially and the factory utilization rate would rise to 75 percent, indicating that customers did not alter their ordering behavior due to the US President Donald Trump’s capricious U
Chipmaker Powerchip Semiconductor Manufacturing Corp’s (力積電) losses narrowed last quarter thanks to investment gains on technology transfer, the company said on Tuesday.During the March quarter, Powerchip lost NT$1.1 billion (US$33.9 million), compared with losses of NT$1.5 billion in the previous q
Elon Musk said he would be spending less time in Washington slashing government costs and more time running Tesla Inc after his electric vehicle (EV) company reported a big drop in profits.Musk said on a conference call with analysts on Tuesday that “now that the major work of establishing Departmen
Intel Corp is poised to announce plans this week to cut more than 20 percent of its staff, aiming to eliminate bureaucracy at the struggling chipmaker, according to a person with knowledge of the matter.The move is part of a bid to streamline management and rebuild an engineering-driven culture, acc
CTBC Bank Co (中國信託銀行), the flagship banking arm of CTBC Financial Holding Co (中信金控), has obtained approval from the Financial Supervisory Commission (FSC) to open a representative office in Houston, Texas, the commission said yesterday. CTBC Bank’s operations in the US consist of a subsidiary and a
A GAC Group Trumpchi COVE flying car is displayed during the 21st Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai yesterday.
AI WAVE: Continued demand from US customers for AI and cloud-computing products drove ICT orders for servers, as well as IC orders, the Ministry of Economic Affairs said
Export orders last month rose 12.5 percent from a year earlier to US$53.04 billion, reaching a five-month high, while also increasing 12.1 percent to US$149.47 billion in the first quarter from a year earlier, the Ministry of Economic Affairs reported yesterday.Last month's figure was in line with t
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent.The company attributed the quarterly drop to a slowdown in c
Taiwan’s labor market remained resilient last month, despite the unemployment rate inching up for a second straight month to 3.35 percent, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.The latest report indicated a slight rise of 0.01 percentage points from Febr
FOCUSED ON SUSTAINABILITY: Cathay United Bank teamed up with international nonprofit CDP to help customers understand the importance of net zero emissions
Cathay United Bank (國泰世華銀行), a long-standing advocate for energy transition, was crowned Best Bank for Sustainable Finance at the ESG Investing Awards by Global Markets Media.The Bank outperformed prominent global contenders such as Morgan Stanley, TD Bank Group and the Bank of Nova Scotia to be nam
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