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Electricity price hike to drive up costs: business heads
Discover how Fubon Financial Holding Chair Daniel Tsai predicts a rise in commodity prices following an electricity price increase in Taiwan. Gain insights from industry leaders like Tung Tzu-hsien of Pegatron Corp on the impact of electricity costs on manufacturing and services sectors, and the necessity of reducing government subsidies. Stay informed on economic growth projections and the interplay between electricity prices and overall market dynamics.2024/03/28 17:59 -
Pegatron chairman optimistic as U.S.-China tensions ease
Pegatron Corp. Chairman Tung Tzu-hsien expressed optimism about the easing of U.S.-China tensions and the possibility of reestablishing communication mechanisms. He believes this development is significant for global political and military tensions. Tung also commented on the uncertain state of the world economy and the status of orders, but remains hopeful about the U.S. finishing its interest rate hike and inventory destocking. He mentioned the ongoing Asia-Pacific Economic Co-operation (APEC) meeting in San Francisco, highlighting the attendance of important leaders and their arrangements to meet and communicate. Tung emphasized the efficient inventory clearance in the past year and stated that the industry’s outlook depends on the absence of unexpected war and global turmoil. He also mentioned the need for patience regarding Pegatron’s orders and indicated uncertain visibility for orders in 2024.2023/11/16 12:12