-
Taiwan unveils NT$3B plan to revive tourism after quake
Discover how Taiwan’s Minister of Transportation and Communications, Wang Kwo-tsai, unveils three comprehensive revitalization plans for Hualien following a devastating earthquake. These initiatives aim to support the local tourism industry, provide accommodations for victims, and offer subsidies to tourists, with an estimated budget of NT$3 billion. Learn more about the impact of the April 7.2 magnitude quake on Hualien’s tourism, including hotel closures and layoffs, and the government’s efforts to rejuvenate the area in the coming months.2024/04/17 13:19 -
Maersk layoffs send shipping stocks tumbling
Global shipping leader Maersk’s decision to cut its workforce by 10,000 has caused a downturn in shipping stocks on November 6th. Within the first ten minutes of trading, Evergreen Marine (2603) dropped 4% to NT$107.5, while Yang Ming Marine Transport (2609) and Wan Hai Lines (2615) also experienced turbulence with declines of over 2%. Following Maersk’s announcement, the company’s stock price fell more than 18%. The shipping industry is currently facing numerous challenges, including sluggish cargo demand, falling freight rates, rising energy costs, inflation, and geopolitical tensions. Maersk CEO Vincent Clerc described these challenges as the "new normal." Insiders have noted that the shipping market is not as robust as it has been in recent years, leading to uncertainty and a "supply-demand imbalance" in the coming year.2023/11/06 20:06 -
Qualcomm layoffs to affect Shanghai and Taiwan
Qualcomm, a leading semiconductor manufacturer, enacts company-wide layoffs in Shanghai and Taiwan, offering varying severance packages. The wireless networking and software divisions bear the brunt of the staff reductions.2023/09/21 19:45