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Taiwan jujube exports to China commenced

TAIPEI: The first India jujube crops from Taiwan have recently arrived at Xiamen Port. The Taiwan jujube season runs from November to April following year. By December, the taste of the fruit turns from bitter to sweet. Thousands of hectares in Taiwan are used to plant India jujube. It is a popular fresh fruit due to its green skin, white ... Read More »

Taiwan police seize 4 gold bars worth NT$5 million

TAIPEI: A Hong Kong woman was intercepted at Taiwan Taoyuan International Airport Saturday after she attempted to take four gold bars, weighing one kilogram each, out of the country, aviation police said Sunday. Police said the woman, surnamed Liao, was found to have something suspicious in her handbag during an X-ray security check, which was discovered to be four gold ... Read More »

Taiwan’s semiconductor industry expected to grow 2.4% in revenue

TAIPEI: Taiwan’s semiconductor industry is expected to grow 2.4 percent in revenue next year, following an estimated 0.9 percent increase this year, the Market Intelligence and Consulting Institute forecast yesterday. The growth would outpace next year’s 2.2 percent contraction in the international semiconductor industry because of weak demand for PCs and smartphones, the MIC said. Taiwanese semiconductor companies are expected ... Read More »

Taiwan manufacturing sector revenue to drop about 2.5%

TAIPEI: Total revenue from the nation’s manufacturing sector this year is expected to fall from last year, due to continued decline in crude oil and stainless steel prices, the Ministry of Economic Affairs said yesterday. “We expect annual revenues in the manufacturing sector to drop about 2.5 percent from last year’s NT$27.33 trillion (US$829.44 billion),” Department of Statistics Deputy Director-General ... Read More »

Yuan deposits at Taiwanese banks fall by 0.75% in Nov

TAIPEI: Yuan deposits at Taiwanese banks fell for the fifth consecutive month to 316.71 billion yuan (US$48.9 billion) last month, down by 0.75 percent from October, as local investors cut holdings despite its recent inclusion as a reserve currency by the IMF, the central bank said yesterday. “Yuan deposit interest slipped further last month, as investors favored the greenback or ... Read More »

Taiwanese firms invest $1.11b into 154 projects in Vietnam

HANOI: Taiwanese businesses have pumped US$1.11 billion into 154 projects in Viet Nam over past 11 months, making the territory one of the leading sources of foreign direct investment in the country, according to the Foreign Investment Agency’s year review. During the period, the processing and manufacturing sector attracted the largest share of investment with $890 million, about 80 per ... Read More »

Taiwan GDP grows by 2.24% in 2016: CIER

TAIPEI: The Chung-Hua Institution for Economic Research (CIER) yesterday forecast the economy would grow by 2.24 percent annually next year, from a predicted 0.93 percent this year, suggesting a modest pickup in both domestic and external demand led by markets in developed countries would boost the nation’s recovery. Its estimate comes even though companies in a variety of sectors have ... Read More »

Foxconn revenue up by 0.5% to $15.8bn in Nov

TAIPEI: Apple device maker Foxconn reported that November revenue rose 0.5 percent to NT$517.5 billion (about $15.8 billion). The number was also a 2.9 percent sequential increase from October’s results. Year-to-date 2015 revenue is up 10.2 percent to NT$4.073 trillion. The increase in revenue could also signal strong demand for the company’s products as the holiday shopping season continues. Apple ... Read More »

Taiwan’s economy to expand 2.06% in 2016

TAIPEI: The nation’s export-oriented economy could post faster growth of 2.06 percent next year, bolstered by a pickup in global demand for consumer electronics, especially in the second half of the year, the Taiwan Research Institute said yesterday. The forecast suggests a two-fold increase on this year’s projected growth of only 0.98 percent due to a deteriorating international market, the ... Read More »

Taiwan Shipments of handsets down 17% in Q3 of 2015

TAIPEI: Shipments of handsets in the Taiwan market totaled 2.26 million units in the third quarter of 2015, down 17% sequentially and 12% on year, the Chinese-language Liberty Times quoted IDC data as indicating. Of total shipments in the third quarter, smartphones totaled 2.13 million units, decreasing 18% on quarter and 13% on year. This is the first time smartphone ... Read More »

Chunghwa Telecom profit hits to NT$3.26 billion in Nov

TAIPEI: Chunghwa Telecom Co, the nation’s biggest telecom operator, yesterday reported a 15.4 percent annual growth in its net profit for last month, due to fast growth in 4G subscriptions and robust sales of the iPhone 6S series. Net profit rose to NT$3.26 billion (US$98.74 million) last month from NT$2.83 billion in November last year. That brought the company’s total ... Read More »

Pegatron Corp sales plunge 30.77% to NT$121.35 billion in Nov

TAIPEI: Pegatron Corp, one of Apple Inc’s iPhone assemblers, yesterday said its sales plunged 30.77 percent monthly to NT$121.35 billion (US$3.67 billion) last month, mainly because of a higher sales performances base in previous months. “Shipment requests in September and October were strong, so the scale of the monthly decline in sales last month was significant. However, the result still ... Read More »

Casetek revenue up 2.83% to NT$4.21 billion in Nov

TAIPEI: Metal chassis maker Casetek has announced consolidated revenues of NT$4.21 billion (US$128.44 million) for November, up 2.83% on month and 7.07% on year, while combined consolidated revenues from January-November reached NT$34.53 billion, up 12.3% on year. In the second half of 2015, instead of expanding capacity, most metal chassis makers are mainly improving their plant infrastructures to prepare for ... Read More »

Taiwan Nov exports post steepest drop in 6 years

TAIPEI: Taiwan’s exports in November posted their steepest year-on-year drop in more than six years as demand failed to recover due to a weak global economy, figures showed Monday. Shipments last month fell 16.9 percent from November 2014, the most since August 2009 when exports plunged 24.6 percent, according to the Ministry of Finance. It was the tenth consecutive month ... Read More »

Taiwan steel scrap imports increase 38% in Nov 2015

TOKYO: According to latest trade data released by the Taiwan Directorate General of Customs, the country’s scrap steel imports during the month of November this year climbed higher significantly when compared with the imports during the previous month. The steel scrap imports by the country totaled 181,000 tons tons during the month. The imports were up 38% when compared with ... Read More »

Taiwan exports fall 16.9% since 2009

TAIPEI: Exports from Taiwan have fallen far more than expected and at the fastest rate since the deepest days of the financial crisis, a worrying sign for the global economy in the run-up to Christmas. Exports fell 16.9 per cent year-on-year in November, compared to expectations of a 10.6 per cent fall, data from the ministry of finance show. This ... Read More »

Inventec revenue up 3.33% to $1.11bn in Nov

TAIPEI: Inventec has reported consolidated revenues of NT$36.34 billion (US$1.11 billion) for November, up 3.33% on month, but down 7.29% on year, while combined consolidated revenues for the first 11 months of 2015 were NT$356.92 billion, down 10.53% from a year ago. Inventec shipped 1.8 million notebooks, all-in-one PCs and desktops combined in November, up from 1.6 million units in ... Read More »

Taiwan’s exports decrease in Nov 2015

TAIPEI: Taiwan’s exports in November posted their steepest year-on-year drop in more than six years as demand failed to recover due to a weak global economy, figures showed Monday. Shipments last month fell 16.9 percent from November 2014, the most since August 2009 when exports plunged 24.6 percent, according to the Ministry of Finance. It was the tenth consecutive month ... Read More »

Taiwan exports boost trade promotion project

TAIPEI: Economic Affairs Minister John Deng said Wednesday that Taiwan’s exports of finished products to five emerging markets have been significantly boosted by a trade promotion project conceived by the Ministry of Economic Affairs. The significant growth is the result of the ministry’s Project to Promote Most-Valued Products in Emerging Markets, aimed at providing good quality goods at affordable prices ... Read More »

Taiwan TV makers’ shipments expected to reach 35.14m in 2016

TAIPEI: Taiwan TV makers’ shipments are expected to reach 35.14 million in 2016, up 2.6% on year, to hold a 16.4% global share of the overall 215 million TVs estimated to ship in the year, according to Digitimes Research. The 2.6% increase will come following a 5.6% decrease in 2015, prompted by order declines from Japan-based vendors as a result ... Read More »