Luxury hotel the Mandarin Oriental Taipei (文華東方酒店), which has temporarily shut guestroom operations since June 1, said that it would not restart them until governments in the region lift travel bans and quarantine requirements amid the COVID-19 pandemic.
The hotel said that it hopes that the global situation would return to normal early next year, but added that it might be wishful thinking in light of spiking infections in many parts of the world.
The property did not cut prices as its peers did over concern that it would compromise its hard-built brand and image, and would prove unprofitable anyway, a communications official said by telephone.
“The strategy of going cheap would not work because Mandarin Oriental Taipei spends lots of money maintaining its extravagant hardware and service quality,” the official said. “Guests motivated by low room rates would not return.”
Furthermore, the hotel has to comply with rules from its international brand, unlike domestic hospitality providers, which have greater flexibility to make changes, the official said.
Other five-star facilities in Taipei, which have been most affected by the downturn amid the pandemic, have sought to stay afloat mainly through their restaurant operations, as well as government subsidies, the official said.
The partial shutdown at Mandarin Oriental Taipei does not affect its restaurants, bars, spa, or conference and banquet facilities, the official said.
Business at restaurants and banquet facilities has almost improved to pre-pandemic levels, they said.
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
Micron Technology Inc is a driving force pushing the US Congress to pass legislation that would put new export restrictions on equipment its Chinese competitors use to make their chips, according to people familiar with the matter. A US House of Representatives panel yesterday was to vote on the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment. It would also pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on US companies like Lam Research Corp and Applied Materials Inc. The bill targets facilities operated by China’s ChangXin Memory Technologies Inc
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire