The Ministry of Economic Affairs announced today that export orders for May amounted to USD$55.43 billion, which not only hit a new high for the same month in previous years but was also corrected for the first time after the 25th consecutive month of growth in April. It is expected that export orders will continue to flourish in June. The Statistics Department of the Ministry of Economic Affair...

The new regulations on shipping carbon emissions are set to come into effect next year, and with the number of global container ships over 20 years old will reach 8.2%, experts warn there will be a wave of elimination of old ships starting as early as this year. However, the supply and production of these ships have been hampered by China's strict zero-COVID policy and the Russian-Ukrainian wa...

The rising COVID-19 cases in Taiwan have prompted technology companies to return to remote working or staggered shifts. TSMC was among the first companies to return to staggered, remote, or off-site working, starting April 2. Taiwan's three biggest telecom companies have also resumed remote work. Following the four-day Qingming Festival holidays, many technology companies have stepped up o...

The Chung-Hua Institution Economic Research (CIER) released the March manufacturing PMI on Friday, which has expanded for 21 consecutive months, but the index has fallen back to 57.8%. Concerns were expressed that geopolitics will lead to a decline in the outlook index for the next six months; scholars believe that the Russian-Ukrainian war factor has not fully been factored into the PMI performa...

1. Foxconn MIH Alliance Sees Over Hundreds of Japanese Suppliers Join Foxconn's foray into the electric vehicle industry is seeing big gains, as The Nikkei reported that notable Japanese brands like Toyota, and auto part supplier Denso, which has invested in TSMC's Kumamoto factory project, are all slated to join Foxconn's MIH Alliance initiative. Other benchmark Japanese suppliers, such as Ho...

Despite the National Development Council (NDC) announcing a slight drop of the economy's composite index of economic indicators for Taiwan for January on Tuesday, overall signals indicate a strong market and investments performance. The index fell two points from 38 to 36 between December 2021 and January, sitting in the yellow-red range on the council's five-color rating system, with "blue" i...

The domestic container shipping industry believes that the container ship market is still experiencing difficulties as Asian countries enter the Year of the Tiger. The current information obtained by domestic companies is that the port congestion situation in the U.S. is still difficult and unlikely to lessen in the short term. Fortunately, shipping prices were able to experience a brief repr...

In the past two years, the global COVID-19 outbreak has caused major international exhibitions to be canceled one after another, prompting waves of changes needed to overhaul the marketing model of traditional physical exhibitions. In the past, many international buyers mainly sought overseas potential partners and agency brands by participating in major international exhibitions. However, as...

Walsin Lihwa announced significant price hikes measures going into February for 300 series stainless steel; for domestic sales, prices per ton would be increased NTD$6,000, while outbound stainless steel would see a USD$200 per ton increase. 400 series stainless steel prices will remain at the threshold. With basic metal prices surging, specifically for copper and nickel, the latter saw the bi...

Trade event promoter Taiwan External Trade Development Council (TAITRA) is gearing up for multiple slots of expos this year, including those scheduled in late spring and early summer. For instance, Taiwan's biggest computer expo COMPUTEX will be hosted in a hybrid capacity, with in-person events kicking off on May 24 to 27 at Taipei's Nangang Exhibition Center, while the virtual expo will las...