A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS China Airlines and EVA Air quarterly profits surge, plan to resume Taipei-London flights in December  Rising air cargo prices and volumes drove China Airlines Ltd.’s (CAL) third-quarter revenue to skyrocket, reaching NT$34.474 billion – an annual increase of…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS U.S. Request Rattles Taiwan Chipmakers The U.S. Department of Commerce on September 24 requested that semiconductor companies from around the world submit “information about inventories, demand, and delivery dynamics.” Information requested included the companies’ “book-to-bill” ratio – the…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Inflation Hits Taiwan’s Restaurant Industry   Taiwanese restaurant group Wowprime Corp. has announced that, starting from October 25, it will raise prices at its 15 restaurant establishments by around 5%. Wowprime, whose brands in Taiwan include popular spots…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS TSMC plans to build new plant in Japan On October 14, the Taiwan Semiconductor Manufacturing Company (TSMC) announced plans to construct a specialized wafer fabrication plant in Japan. During a Q3 earnings call, TSMC Chief Executive Officer C….

The adoption of body scanning technology developed by Taiwanese companies is changing the apparel industry by reducing waste, increasing customer satisfaction, and potentially saving lives. Upon hearing the term “body scanner,” what likely comes to mind is the high-tech equivalent of a physically invasive search at the airport. Yet Taiwan has been at the forefront…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Taiwan Applies to Join Regional Trade Pact On September 22, the Executive Yuan announced that Taiwan had formally applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Taiwan submitted its application documents to New Zealand,…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS MOF Reports NT$2 trillion in Tax Revenue for First Eight Months The Ministry of Finance (MOF) on September 9 reported that net tax revenue for August totaled NT$132.4 billion (US$4.8 billion), 3.8% greater than the same month last…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Manufacturing Activity Continues to Flourish The Chung-Hwa Institution for Economic Research (CIER) announced on September 1 that its Purchasing Managers Index (PMI) had fallen 3.1 points in August to 62.1. Although the PMI has maintained a score of…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Technology Parks Report Record Gains According to the Ministry of Economic Affairs’ Export Processing Zone Administration (EPZA), the acceleration of emerging technology applications and strong demand for chips brought about by the COVID-19 pandemic has raised the revenue…