Taiwan 18th in world
Exports totaled US$371.2 billion last year, accounting for 1.8 percent of the world’s total and ranking in 18th place, the Ministry of Finance said on Friday, citing the latest WTO statistics. China remained the world’s largest exporter, with outbound shipments totaling US$2.3 trillion last year to take a 12.8 percent global share. The US was second with exports of US$1.5 trillion, followed by Germany’s US$1.4 trillion. Overall, global exports expanded 10.6 percent year-on-year to US$17.7 trillion last year, ending two consecutive years of decline, the ministry said.
Wages rose in February
The average wage comprised of regular and non-regular salaries, such as bonuses and overtime pay, rose 46.94 percent month-on-month to NT$86,832 in February, the Directorate-General of Budget, Accounting and Statistics said on Thursday. The figure was up 89.92 percent from a year earlier, because of the issuance of average year-end bonuses which totaled NT$68,017 at the end of February, the highest in the past three years, the agency said. The average regular wages for the month fell 0.71 percent from January, to NT$40,483, as the Lunar New Year holiday shortened the number of working days.
Qatar’s bonds in Taiwan
Qatar is raising US$6 billion by selling 30-year US dollar bonds in Taiwan as part of its first US dollar bond sale in two years. The bonds are being sold in five-year, 10-year and 30-year tranches, with Deutsche Bank Taipei branch and Standard Chartered Bank (Taiwan) the bookrunners for the 30-year bonds, which will be listed on the Luxembourg exchange and the Taipei Exchange.
SIZE MATTERS: Medium-sized hotels that do not have the support of parent groups are more vulnerable and are forced to take action, a REPro Knight Frank researcher said About 50 hotels across Taiwan are seeking to exit the market as they succumb to the bleak business outlook amid international travel restrictions imposed to combat the COVID-19 pandemic. Yomi Hotel (優美飯店) on Minsheng E Road, Sec 1, in Taipei is seeking to transfer ownership with an asking price of NT$950 million (US$32.15 million) and a pledge for a lease contract that guarantees a 3 percent return. The budget hotel, with room rates that start from NT$1,400 per night, maintains normal operations, but has been struggling since March, when the government placed restrictions on inbound and outbound travel. Occupancy rates for hotels in
With the US dollar expected to weaken in the next 12 months due to near-zero interest rates, investors should consider purchasing US corporate bonds, Standard Chartered Bank Taiwan Ltd (渣打台灣銀行) said on Thursday. The bank said that the US Federal Reserve since last month has been buying bonds issued by US companies to curb default rates. The US dollar is forecast to be weaker against the pound, the euro and the yen, as well as the Canadian dollar, the Swedish krona and the Swiss franc, as the greenback lacks high investment returns after the Fed in March slashed the benchmark interest rate
A Bollywood actor’s face tattooed on his arm, Sandeep Bacche’s devotion shocks few in India where stars enjoy semi-divine status, but even there the hallowed silver screen might be losing its shine to streaming services and pandemic fears. “Whenever things get better and theaters begin operations, I will watch three movies a day for sure just as a way to celebrate,” said the Mumbai rickshaw driver, who is recovering from the virus himself. However, others might not join the party. With cinemas shut for months due to a COVID-19 lockdown, and little prospect they will reopen soon, frustrated Bollywood producers have turned to
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, is to issue NT$13.9 billion (US$469.5 million) in unsecured bonds to help fund its plan to expand production capacity, it said on Friday. In a Taiwan Stock Exchange filing, TSMC said the bonds would comprise three tranches: NT$5.7 billion payable over five years, NT$6.3 billion over seven years and NT$1.9 billion over 10 years. The interest rates would be 0.58 percent on the five-year bonds, 0.65 percent on the seven-year ones and 0.67 percent on the 10-year tranche, TSMC said. Capital Securities Corp (群益金鼎證券) is to serve as the main underwriter in