DHL sees growth in 2004
Bolstered by robust worldwide economic growth in 2004, express operator DHL Worldwide Express has seen double-digit growth in revenue this year, Michael Hsu (許一鳴), director of marketing at DHL Taiwan Corp, said yesterday. Hsu refused to reveal the specific figure.
As the world economy is expected to slow down next year, Hsu said the effect on the logistics industry is not yet known, as companies may launch aggressive marketing strategies during the economic downturn. But the business capacity in Taiwan is reaching a limit due to industry migration to China, forcing the company to come up with integrated service to customers doing business in the greater Chinese region, Hsu said.
One important boost to the industry was the liberalization of cross-strait transportation, which the company has proposed to the government in recent years, Hsu said.
Investment in China approved
The nation has approved 12 applications for China-bound investment totaling US$239.42 million, the Investment Commission said.
The commission also approved five inbound investment applications by foreign investors and overseas Chinese for a total of US$140.94 million, it said in a statement on Tuesday.
Of the applications for China-bound investment, electronics contract manufacturer Hon Hai Precision Industry Co (鴻海精密) was given approval to invest US$68 million in a unit in Yantai in the eastern Chinese province of Shandong.
Nan Ya Plastics Corp (南亞塑膠) was authorized to invest US$30 million in a unit in Kunshan in neighboring Jiangsu Province.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
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 customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Chizuko Kimura has become the first female sushi chef in the world to win a Michelin star, fulfilling a promise she made to her dying husband to continue his legacy. The 54-year-old Japanese chef regained the Michelin star her late husband, Shunei Kimura, won three years ago for their Sushi Shunei restaurant in Paris. For Shunei Kimura, the star was a dream come true. However, the joy was short-lived. He died from cancer just three months later in June 2022. He was 65. The following year, the restaurant in the heart of Montmartre lost its star rating. Chizuko Kimura insisted that the new star is still down
While China’s leaders use their economic and political might to fight US President Donald Trump’s trade war “to the end,” its army of social media soldiers are embarking on a more humorous campaign online. Trump’s tariff blitz has seen Washington and Beijing impose eye-watering duties on imports from the other, fanning a standoff between the economic superpowers that has sparked global recession fears and sent markets into a tailspin. Trump says his policy is a response to years of being “ripped off” by other countries and aims to bring manufacturing to the US, forcing companies to employ US workers. However, China’s online warriors
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