Louisa Coffee has raised the prices of its food offerings by NT$5 starting today, the first day of the 10-day Lunar New Year holiday, the company said.
Taiwan’s largest coffee chain said that the price hike applies to sandwiches, bagels, omelets and other light meals, as well as cakes and cookies, while the drink prices remain unchanged.
The chain raised the price of its coffee products by NT$5 before last year’s Lunar New Year holiday due to rising global bean prices.
Photo courtesy of Louisa Professional Coffee
Lousia Coffee is the latest food and beverage chain to raise prices in Taiwan, as global raw material and food ingredient costs continue to rise.
McDonald’s Value Meals on Dec. 21 increased by NT$10 one day before Kentucky Fried Chicken raised its prices by an average of 6.2 percent, while Burger King raised prices by 5.8 percent on average on Jan. 4.
Taiwan’s consumer price index (CPI) saw a 2.95 percent year-on-year increase last year, well above the 2 percent target set by the central bank, according to the Directorate-General of Budget, Accounting and Statistics (DGBAS).
The CPI increase last year was the highest since 2008 when it rose 3.52 percent, DGBAS figures showed.
Dining out costs rose 5.77 percent last year, the highest increase since 2008, when they rose 7.46 percent, DGBAS data showed.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) secured a record 70.2 percent share of the global foundry business in the second quarter, up from 67.6 percent the previous quarter, and continued widening its lead over second-placed Samsung Electronics Co, TrendForce Corp (集邦科技) said on Monday. TSMC posted US$30.24 billion in sales in the April-to-June period, up 18.5 percent from the previous quarter, driven by major smartphone customers entering their ramp-up cycle and robust demand for artificial intelligence chips, laptops and PCs, which boosted wafer shipments and average selling prices, TrendForce said in a report. Samsung’s sales also grew in the second quarter, up
On Tuesday, US President Donald Trump weighed in on a pressing national issue: The rebranding of a restaurant chain. Last week, Cracker Barrel, a Tennessee company whose nationwide locations lean heavily on a cozy, old-timey aesthetic — “rocking chairs on the porch, a warm fire in the hearth, peg games on the table” — announced it was updating its logo. Uncle Herschel, the man who once appeared next to the letters with a barrel, was gone. It sparked ire on the right, with Donald Trump Jr leading a charge against the rebranding: “WTF is wrong with Cracker Barrel?!” Later, Trump Sr weighed
HEADWINDS: Upfront investment is unavoidable in the merger, but cost savings would materialize over time, TS Financial Holding Co president Welch Lin said TS Financial Holding Co (台新新光金控) said it would take about two years before the benefits of its merger with Shin Kong Financial Holding Co (新光金控) become evident, as the group prioritizes the consolidation of its major subsidiaries. “The group’s priority is to complete the consolidation of different subsidiaries,” Welch Lin (林維俊), president of the nation’s fourth-largest financial conglomerate by assets, told reporters during its first earnings briefing since the merger took effect on July 24. The asset management units are scheduled to merge in November, followed by life insurance in January next year and securities operations in April, Lin said. Banking integration,
LOOPHOLES: The move is to end a break that was aiding foreign producers without any similar benefit for US manufacturers, the US Department of Commerce said US President Donald Trump’s administration would make it harder for Samsung Electronics Co and SK Hynix Inc to ship critical equipment to their chipmaking operations in China, dealing a potential blow to the companies’ production in the world’s largest semiconductor market. The US Department of Commerce in a notice published on Friday said that it was revoking waivers for Samsung and SK Hynix to use US technologies in their Chinese operations. The companies had been operating in China under regulations that allow them to import chipmaking equipment without applying for a new license each time. The move would revise what is known
RSS