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  • Yannick cake chain to shut 6 stores amid market shake-up

    Yannick, the pioneer of Taiwan’s cream roll cake, is set to close six stores nationwide as part of its 2024 strategy adjustment due to labor shortages and high raw material costs. Despite this, Yannick Chairman Wu Tsung-en remains optimistic about the company’s operations and plans to launch 30 additional Yannick To Go Machine (YTM) cake vending machines. Founded in 2000, Yannick is known for being the first cake shop to specialize in slice cakes and later introduce the cream roll cake.
    2024/02/27 13:48
  • Premier pledges transparency in future power rate hikes

    Taiwan Premier Chen Chien-jen emphasizes Taipower’s role in stabilizing commodity prices amid global challenges, promising transparency in future electricity rate adjustments. The upcoming electricity price review committee may lead to inclusive price hikes, citing the impact of the Russia-Ukraine conflict on raw material costs. Chen underscores Taipower’s efforts to control expenses and enhance efficiency while ensuring public understanding of any changes in electricity charges.
    2024/02/20 11:58
  • HeySong Sarsaparilla price hike: First in over a decade

    HeySong Corporation, a Taiwanese company, has announced price adjustments for some of its products after 10-20 years of unchanged prices. The adjustments, set to take effect in March, will see prices increase by 10-20%. The most notable increase will be for the popular 330-milliliter HeySong Sarsaparilla, which will surge by up to 25%. The company attributes the price adjustments to rising costs of raw materials, packaging, transportation, and personnel. The recommended retail price adjustments will mainly affect packages less than one liter, with some increasing by NT$4 and others by NT$5-6. Other beverage brands, such as Taisun Enterprise, have also indicated rising drink prices due to increased international raw material costs. The King Car Group had already adjusted the price of its Pocari Sweat drink in November 2020, marking the first price adjustment in 17 years. Public opinion on the price changes seems to be accepting, with many stating that they understand most products are experiencing price increases as long as the surge isn’t too high.
    2024/02/17 11:21
  • Cost pressures lead to adjusted prices for Taiwan Beer

    Taiwan Tobacco and Liquor Corporation (TTL) raises prices for Taiwan Beer and cigarettes due to escalating expenses. Retail prices for Taiwan Beer products increase by NT$5 per can/bottle. Cigarette prices surge by NT$5 to NT$10 per pack. Get insights into this pricing adjustment.
    2023/08/11 19:40
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