State-run oil refiner CPC Corp, Taiwan (CPC, 台灣中油) yesterday said it is cutting prices of liquefied natural gas (LNG) this month by 10.14 percent on a monthly basis.
Effective today, LNG prices would be cut by between NT$30.9 (US$1.04) and NT$46.35 (US$1.56) for households, CPC said.
Prices of LNG for all uses are reduced by NT$0.975 per cubic meter, while the price of natural gas for business use is reduced by NT$1.03 per cubic meter.
Photo: Huang Pei-chun, Taipei Times
The company is to maintain the prices of liquefied petroleum gas (LPG) from last month, which includes LPG for household use, industrial-use propane, butane and propane-butane mixture, despite rising international LPG prices.
The price of LPG used in vehicles is also to remain the same, it said.
As a result, the company is to absorb costs of NT$4.4 per kilogram tied to upcoming sales of LPG.
Citing previously absorbed costs of NT$0.9 per kilogram, CPC said it would seek compensation through higher pricing when international prices fall.
In other news, the Ministry of Economic Affairs on Thursday approved applications from six small and medium-sized enterprises seeking to invest a total of NT$3.1 billion through a government program.
Working closely with the semiconductor industry, AblePrint Technology Co Ltd (印能科技), which provides void free solutions for various applications, is to invest nearly NT$900 million to expand its headquarters in Hsinchu County by adding a research and development center as well as a technology plant.
Bespoke aluminum extrusion mold maker Fastek Industrial Co Ltd (光鈦國際) plans to invest more than NT$700 million to set up a new plant in the Taichung Industrial Park (台中工業區), the ministry said.
East Bright Star Technology Co Ltd (耀星科技), Hsiu Chang Enterprise Co Ltd (秀強企業) and Zheng Cheng Marine Products Co Ltd (政澄水產), which specialize in precision machinery, motors and related components, and tuna processing, are to invest NT$400 million each to expand local production, it said.
Motion Technology Electric & Machinery Co Ltd (碩陽電機), a high-precision motor manufacturer, is to invest nearly NT$200 million to set up production in Taoyuan’s Dajian Industrial Park (大江工業區).
The program, launched in parallel with two similar schemes last year amid a trade dispute between the US and China, is part of initiative from the administration of President Tsai Ing-wen (蔡英文) to encourage domestic investment through various incentives, such as lower interest rates, and assistance in securing land and utilities.
The programs have attracted about NT$984.1 billion in investments from 465 companies.
The demise of the coal industry left the US’ Appalachian region in tatters, with lost jobs, spoiled water and countless kilometers of abandoned underground mines. Now entrepreneurs are eyeing the rural region with ambitious visions to rebuild its economy by converting old mines into solar power systems and data centers that could help fuel the increasing power demands of the artificial intelligence (AI) boom. One such project is underway by a non-profit team calling itself Energy DELTA (Discovery, Education, Learning and Technology Accelerator) Lab, which is looking to develop energy sources on about 26,305 hectares of old coal land in
Taiwan’s exports soared 56 percent year-on-year to an all-time high of US$64.05 billion last month, propelled by surging global demand for artificial intelligence (AI), high-performance computing and cloud service infrastructure, the Ministry of Finance said yesterday. Department of Statistics Director-General Beatrice Tsai (蔡美娜) called the figure an unexpected upside surprise, citing a wave of technology orders from overseas customers alongside the usual year-end shopping season for technology products. Growth is likely to remain strong this month, she said, projecting a 40 percent to 45 percent expansion on an annual basis. The outperformance could prompt the Directorate-General of Budget, Accounting and
Netflix on Friday faced fierce criticism over its blockbuster deal to acquire Warner Bros Discovery. The streaming giant is already viewed as a pariah in some Hollywood circles, largely due to its reluctance to release content in theaters and its disruption of traditional industry practices. As Netflix emerged as the likely winning bidder for Warner Bros — the studio behind Casablanca, the Harry Potter movies and Friends — Hollywood’s elite launched an aggressive campaign against the acquisition. Titanic director James Cameron called the buyout a “disaster,” while a group of prominent producers are lobbying US Congress to oppose the deal,
Two Chinese chipmakers are attracting strong retail investor demand, buoyed by industry peer Moore Threads Technology Co’s (摩爾線程) stellar debut. The retail portion of MetaX Integrated Circuits (Shanghai) Co’s (上海沐曦) upcoming initial public offering (IPO) was 2,986 times oversubscribed on Friday, according to a filing. Meanwhile, Beijing Onmicro Electronics Co (北京昂瑞微), which makes radio frequency chips, was 2,899 times oversubscribed on Friday, its filing showed. The bids coincided with Moore Threads’ trading debut, which surged 425 percent on Friday after raising 8 billion yuan (US$1.13 billion) on bets that the company could emerge as a viable local competitor to Nvidia
RSS