Export orders last month rose to a record high of US$26.63 billion from the US$26.21 billion registered in August on the back of strong demand from China, the Ministry of Economic Affairs said yesterday.
Last month's figure represents a 12 percent increase year-on-year, compared with an 18.34 percent year-on-year rise in the preceding month, the ministry said.
"The solid showing in September was derived from still steady expansion of the world economy, particularly strong demand from the Chinese market," said Chang Yaw-tzong (張耀宗), director-general at the ministry's statistics division.
Looking ahead, "there should be a 10 percent year-on-year increase" in export orders for the fourth quarter to December, he said, despite a possible softening of the US economy and an already hefty comparative base in the same period a year ago.
In the first nine months of the year, export orders amounted to US$218.42 billion, up 19.62 percent from the same period a year earlier.
Export orders from the US last month amounted to US$7.28 billion, up 13.20 percent year-on-year.
Orders from Hong Kong and China rose 21.81 percent year-on-year to US$7.04 billion, while orders from Japan decreased 3 percent to US$2.58 billion.
Orders from Europe amounted to US$4.46 billion, up 13.08 percent from a year earlier, the ministry said.
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 attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
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 school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
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$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
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 yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle