Taiwanese shipping giant Evergreen Marine has rewarded employees with massive year-end bonuses worth between 10 and 52 months of salary each, after posting bumper 2022 profits.Local media outlets ...
Taiwan shipping giant Evergreen gives up to 52 months’ pay as year-end bonuses
But the lower bonuses handed out to ground workers at sister company Eva Air led to strikes at Taoyuan Airport. Read more at straitstimes.com.
Brompton Bicycle draws up plans to shift suppliers out of China and Taiwan
Britain's biggest bicycle maker is drawing up plans to shift its supply chain out of China and Taiwan as Western companies scramble to protect themselves from a possible invasion of the island.
Manufacturing PMI continues slide
The PMI hit a new low since the launch of the survey, as firms said they remain weighed down by inventory corrections and there are few new orders,” CIER president Yeh Chun-hsien (葉俊顯) told a news ...
Taiwan Manufacturing Contraction Softens On Weaker Demand, Output
Taiwan's manufacturing contraction eased at the end of the year, but remained marked overall amid still severe falls in output and ...
U.S. Pours Money Into Chips, but Even Soaring Spending Has Limits
Amid a tech cold war with China, U.S. companies have pledged nearly $200 billion for chip manufacturing projects since early 2020. But the investments are not a silver bullet.
South Asian eateries try ‘going local’ as recovery strategy
In India, from hole-in-the-wall casual eateries to fine dining, restaurants were devastated by lockdowns and virus outbreaks, with millions losing their jobs since COVID-19 hit in early 2020. In ...
Taiwan to plough $12 bln in excess tax revenue back into economy in 2023
Taiwan will plough an extra T$380 billion ($12.43 billion) in tax revenue back into the economy in 2023 to help protect the island from global economic shocks, including subsidies for electricity ...
Huawei reports ‘business as usual’ amid US curbs
Huawei is trying to open up new markets and businesses after US tech export restrictions gutted its smartphone business — briefly the world’s largest — and curtailed the sale of advanced gear in ...
Manufacturing heads toward recession
Export orders and manufacturing growth are expected to continue to contract over the next few months amid inventory adjustments, government data showed. The largest decrease was in demand, with a drop ...
Taiwan: Why the US & China are on collision course for war
In this special analysis, DW's Richard Walker uncovers the roots of the dispute over Taiwan, in part 1 tracing how the diplomatic breakthroughs of the 1970s between the US and China left unfinished ...
Neworld to set up shop in Taiwan to help Japanese craftmakers market globally: Nikkei
Tokyo-based Neworld, the Japanese startup behind marketing support and an e-commerce platform focused on Japanese craft products, is now planning to develop sales channels by launch campaigns on ...
Low wages spur hospitality sector labor shortages
An ongoing labor shortage in hotels and restaurants is due to low wages rather than imbalanced supply and demand, the Ministry of Labor said yesterday. The ministry made the remarks after Grand Hyatt ...
Developer disputes draft property act
Huang, who is also vice chairman of the New Taipei City Real Estate Development Association, told a news conference that it is odd that the amendment would subject property purchases by legal entities ...
TSMC increases production of chips in Taiwan
As a manufacturer of semiconductors used in systems ranging from smartphones to fighter planes, TSMC maintains a strong position.
US to sell Taiwan anti-tank system amid rising China military threat
The US State Department has approved the sale of an anti-tank mine-laying system to Taiwan amid the rising military threat from China.