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  • Taiwan acts on red yeast rice health scare

    Taipei (TVBS News) reports that Taiwan’s Food and Drug Administration (FDA) has taken action after businesses reported using red yeast rice raw materials from Japan’s Kobayashi Pharmaceutical, linked to kidney disease. Preventive measures have been taken, with products removed from shelves. FDA Director-General Wu Hsiu-mei oversees the situation to safeguard consumer safety.
    2024/03/28 17:57
  • 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
  • Starbucks Taiwan to see more growth in holiday season

    Starbucks Taiwan, a joint venture between Starbucks Coffee International and Taiwan food conglomerate Uni-President, is set to boost Christmas sales through marketing activities. Despite rising costs in raw materials, Starbucks Taiwan maintains its long-term marketing strategy of expanding locations and improving store quality without raising prices. Sales revenue during the Christmas period is expected to rise by 10 to 20 percent, leading to a 10 percent increase in stock levels.
    2023/11/02 20:27
  • Taiwan’s egg prices on the rise again due to avian flu

    The food and beverage industry is facing multiple challenges, including inflation and rising costs of raw materials, as well as a recent increase in egg prices. 
    2023/02/15 19:16
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