STIMULUS: The proposal is expected to allow top-tier cities to scrap the distinction between ordinary and luxury homes, substantially lowering purchasing costs
China is planning to cut taxes for home purchases as the government dials up fiscal support to revive a moribund housing market, people familiar with the matter said.Regulators are working on a proposal that would allow mega cities including Shanghai and Beijing to cut the deed tax for buyers to as
The government last month collected NT$349.8 billion (US$10.79 billion) of tax revenue, soaring 50.9 percent from a year earlier, helped by solid gains in corporate and personal income as well as securities transactions taxes, the Ministry of Finance said yesterday.Revenue from corporate income tax
Machinery maker Hiwin Technologies Co (上銀科技) forecast business would resume growth from next year after posting flat revenue growth this year, as market demand showed signs of recovery, company chairman Chuo Wen-heng (卓文恒) said yesterday.The company saw a marked improvement in the number of visitors
Inventec Corp (英業達) on Monday forecast its revenue would grow by a single-digit percentage next year from this year amid expectations that end-market demand for notebook computers, servers and smart devices would remain robust.The contract electronics manufacturer expects its notebook computer sales
Leading lights of the tech industry met in Lisbon yesterday for the Web Summit, the sector’s first big event since the US election, with Donald Trump’s victory expected to be a key theme of their discussions.The tech industry is holding its breath to see what Trump’s second term will bring when he t
A woman uses a cellphone to film Baidu Inc’s Xiaodu smart glasses in a display case during the Baidu World event in Shanghai yesterday. Baidu unveiled a pair of glasses with a built-in artificial intelligence (AI) assistant, seeking to rival the Ray-Ban Meta smart glasses that have proven a rare suc
FLEXIBLE: Taiwan can develop its own ground station equipment, and has highly competitive manufacturers and suppliers with diversified production, the MOEA said
The Ministry of Economic Affairs (MOEA) yesterday disputed reports that suppliers to US-based Space Exploration Technologies Corp (SpaceX) had been asked to move production out of Taiwan.Reuters had reported on Tuesday last week that Elon Musk-owned SpaceX had asked their manufacturers to produce ou
The computer and information technology (IT) service sector’s revenue last quarter increased 6 percent year-on-year to NT$148.2 billion (US$4.6 billion), the highest for the July-to-September period on record, the Ministry of Economic Affairs said yesterday.Computer programming, consultancy and othe
LACKLUSTER FESTIVAL: People are tightening their spending in anticipation of difficult economic times, while others are tired of platforms faking discounts
Merchants and consumers alike found the Singles’ Day shopping festival Monday less shiny than in years past as e-commerce firms look abroad for growth.The annual event, named after the numeric form of its Nov. 11 date, was started in 2009 by e-commerce platform Alibaba Group Holding Ltd (阿里巴巴), whic
Semiconductor shares in China surged yesterday after Reuters reported the US had ordered chipmaking giant Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to halt shipments of advanced chips to Chinese customers, which investors believe could accelerate Beijing’s self-reliance efforts.TSMC yesterda
China’s trade surplus is on track to hit a fresh record this year, increasingly leaving it on a collision course with some of the world’s biggest economies by aggravating an imbalance in global commerce that risks provoking US president-elect Donald Trump.The difference between Chinese exports and i
A man walks toward CPC Corp, Taiwan’s new oil and chemical tanker “An Yun” at CSBC Corp, Taiwan’s No. 2 wharf in Kaohsiung yesterday, ahead of its naming ceremony. CPC said the 50,000-tonne vessel — built by CSBC over two-and-a-half-years — would transport oil products around Taiwan to meet market d
SOMETHING DIFFERENT: Unlike the current administration, the president-elect seems to be pro-crypto and had talked about appointing regulators enamored with digital assets
Bitcoin rallied past US$80,000 for the first time, boosted by US president-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.The cryptocurrency climbed as much as 4.7 percent to an unprecedented US$80,092 on yesterday.Trump vowed on the camp
US President Joe Biden’s administration is racing to complete CHIPS and Science Act agreements with companies such as Intel Corp and Samsung Electronics Co, aiming to shore up one of its signature initiatives before US president-elect Donald Trump enters the White House.The US Department of Commerce
STRATEGIC INVESTMENT: ASE said it expects its presence in the Mexican state to extend its global reach and create more than 500 jobs locally the first year of its operations
ASE Technology Holding Co (ASE, 日月光投控), the world’s largest integrated circuit (IC) packaging and testing services provider, has taken a step toward investing in Mexico by purchasing a “significant” parcel of land in the country to build a production base.ASE through its California-based subsidiary
Financial holding companies in Taiwan reduced their exposure to the US by more than NT$165 billion (US$5.14 billion) in the third quarter from a quarter earlier, but the US remained the sector’s largest debtor.Financial holding companies had NT$9.67 trillion in exposure to the US market as of the en
Domestic gasoline and diesel prices are to drop NT$0.4 per liter this week, despite international crude oil prices rising last week, as the market digested the implications of the latest developments related to OPEC+ and Hurricane Rafael, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (
Tourists visit the Shanlin Creek Forest Recreation Area in Nantou County yesterday. The leaves on some green maple trees, Formosan gum trees and dawn redwoods are beginning to change colors, and have attracted many tourists to the area.
Venerated as incarnations of Hindu deities, India’s sacred cows are also being touted as agents of energy transition by a government determined to promote biogas production to cut its dependence on coal.It is an understatement to say that Nakul Kumar Sardana is proud of his new plant in Barsana, in
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