Business sector 結果共10筆

Taiwan’s NDC reports economic stability with a green light status for February, driven by production and export improvements linked to AI themes. Officials anticipate continued growth in March, citing positive trends in manufacturing, consumer confidence, and foreign trade. Investment in emerging technologies and R&D, along with steady public investment, are expected to sustain momentum.

Taiwan People’s Party presidential candidate Ko Wen-je criticized his Democratic Progressive Party (DPP) competitor Lai Ching-te for avoiding the nuclear energy debate and lacking long-term planning. Ko argued that Lai’s commitment to a nuclear-free homeland by 2025 would cost him votes, particularly from the business sector. He questioned the feasibility of turning nuclear power on and off at will. Ko also criticized his Kuomintang rival, Hou Yu-ih, for impeding the operation of dry storage facilities at nuclear plants one and two, resulting in a stalemate where spent fuel rods cannot be removed. Ko expressed support for extending the service lives of nuclear plants two and three and called for a thorough check-up of plant four before making any decisions. He emphasized the need for a pragmatic approach to nuclear power rather than treating the idea of a nuclear-free homeland as an ideology. Ko highlighted the goal of achieving net zero carbon emissions by 2050 and mentioned that 22 nations proposed tripling nuclear power by then at COP28.

President Tsai Ing-wen hosted the winners of the 25th National Golden Award for Architecture and the 20th National Brand Yushan Award, commending their contributions to Taiwan’s architectural and business communities. She expressed gratitude towards the National Enterprise Competitiveness Development Association for their rigorous evaluations that have motivated industry advancement and boosted Taiwan’s competitiveness. Tsai emphasized the importance of collaborative efforts in construction and building to achieve energy conservation and reduced carbon emissions. She also addressed concerns about urban renewal and pledged to intensify collaboration with private sector players to enhance architectural safety and improve citizens’ quality of life. The winners of the 20th National Brand Yushan Award, which includes CSBC Corporation, were recognized for their contributions to finance, biotech, manufacturing, and service sectors. Tsai urged the awardees to continue offering valuable advice to the government and elevate the prominence of Taiwanese brands on the international stage.

Aerospace Industrial Development Corporation (AIDC) President Ma Wan-june announced that the company’s revenue reached NT＄35.8 billion by the end of November 2023. Ma predicts that AIDC’s operations in commercial aviation, defense, and technological services will surpass this year’s figures in 2024. The rebound of the commercial aircraft business has led to a global shortage of aviation parts, benefiting AIDC as it continues to receive inquiries from aviation giants such as Boeing and Airbus. AIDC is also on track to deliver 18 Brave Eagle advanced jet trainers in 2024, indicating strong performance in the military sector. The company met its annual goal by delivering the last four Brave Eagle jets on Tuesday, totaling 17 aircraft deliveries for the year.

Taiwan’s average regular earnings for employed workers increased by 2.49% from January to October, reaching NT$45,441. However, this growth is the lowest in the past three years, with total earnings, including bonuses and other irregular income, only up by 1.53%. The average monthly real wage slightly increased by 0.06% to NT$41,370, while the average total real wage decreased by 0.87% to NT$53,960, the first decline in seven years. This decline is attributed to a decrease in year-end bonuses following a cooling economy and a decrease in exports. Despite an overall increase in employment of 10,000 workers compared to last year, the manufacturing industry saw a significant drop of 27,000 employees due to economic adjustments. In October, the average regular wage was NT$45,564, up 0.13% from the previous month and 2.31% year-on-year. Part-time workers’ average hourly regular earnings increased marginally to NT$200, reflecting a 1.01% year-on-year gain. While industries such as arts, entertainment, and leisure services, as well as real estate, experienced wage increases, sectors like computer, electronic, and optical product manufacturing saw significant decreases in total wages by 18.54%. The employment numbers in manufacturing have been impacted by export decline, with an increase of 10,000 employed workers from January to October. The industrial sector saw a decrease of 0.63%, while the service sector grew by 0.67%. Accommodation and food services experienced a growth of 13,000 jobs, arts, entertainment, and leisure services saw an upsurge of 7,000, but manufacturing was hit with a reduction of 27,000 employees.

Premier Chen Chien-jen of Taiwan’s Executive Yuan emphasized the critical role of building materials in the country’s transition towards a net-zero future. Speaking at the opening ceremony of the TaiPei Building Show, Premier Chen highlighted the event’s significance in boosting the international visibility of Taiwan’s building materials industry. This emphasis aligns with the National Development Council’s announcement of Taiwan’s 2050 net-zero emissions pathway, which outlines a strategy encompassing energy, industry lifestyle, and society. Premier Chen stressed the importance of developing industrially competitive, sustainable, and resilient business processes that could reduce emissions and promote circular usage. With Taiwan working towards meeting its climate commitments, the Premier expressed optimism about the collective industry effort to drive a green transition and support the country’s economic expansion.

Foxtron, a joint venture of Yulon Motor’s Luxgen Motor, has received over 9,100 pre-orders for its n7 electric vehicle (EV), making a significant impact on Taiwan’s domestic EV industry. Deliveries of the highly anticipated n7 model are set to begin in mid-January next year and be completed by the end of June. The n7’s pre-order numbers, achieved in just two days, equal three years of total EV sales in Taiwan, signaling a bright future for the EV market. Foxconn CEO Young Liu, leading the electric transformation of the trillion-dollar corporation, sees the increasing global competition in the EV sector as beneficial for Foxconn and its business models. Platformization, modularization, and standardization are key strategies for achieving cost control and timely product launches, which are at the core of Foxconn and Foxtron. The n7 model, benefiting from the shared platform provided by Foxtron, enjoys a competitive edge in cost, aligning with Foxconn’s global EV aspirations. The success of Foxtron’s n7 could potentially usher in a new era for Taiwan’s presence in the international EV landscape as the demand for sustainable transport continues to grow.

Taiwan’s Minister of Economic Affairs emphasizes the importance of key tech industries to the country’s economy and the need to protect them from corporate espionage. The high-tech sector in Taiwan has attracted attention from mainland China, resulting in the headhunting of Taiwanese tech talent. In response, Taiwan amended its National Security Act to impose stricter penalties for theft of business secrets. Additionally, Taiwan’s industrial production index has declined for 16 months, but there are signs of increased demand in the AI industry chain. Despite uncertainties in consumer behavior and global economic recovery, industry feedback suggests potential growth in future quarters.

Beijing’s new plan aims to foster closer integration between Taiwan and the Fujian province by promoting residency applications for Taiwanese, easing business sector restrictions, and encouraging property investment. Learn about the latest developments in Taiwan-Fujian relations.

President Tsai Ing-wen emphasized Taiwan’s goal of net-zero emissions and digital transformation in her speech at the 26th second members meeting of the Chinese National Association of Industry and Commerce, Taiwan (CNAIC) on Tuesday (July 4).