The New Taiwan dollar has risen in value by 7 percent so far this year, sparking concerns the appreciation will impact upon Taiwan’s exporters. Hiwin Technologies Corp chairman Eric Chuo has called on the central bank to eliminate the interference of inflows and outflows of hot money, saying that rises and falls in the value of a country’s currency should be governed by the degree to which it is competitive.
At the company’s investors’ conference on Wednesday last week, while discussing the NT dollar, Chuo noted that the exchange rate has an impact upon import and export companies, adding that 80 percent of Hiwin Technologies’ sales come from exports, which means that the company’s profit is affected by exchange rate fluctuations.
Chuo also said Taiwanese industries need to upgrade and improve the added-value of their products in order to cushion the effect of currency fluctuations.
Photo: Reuters
照片：路透社
Given the current situation with hot money flows affecting the exchange rate, the central bank should stabilize the exchange rate by eliminating factors which cause inflows and outflows of hot money. While Chuo said he can appreciate the government’s predicament, he noted that the situation is different in Taiwan from that of the US since hot money does not have a significant impact on the US economy.
(CNA, translated by Edward Jones)
新台幣匯價今年以來漲幅約百分之七，成為影響出口表現隱憂。上銀董事長卓永財表示，中央銀行應排除熱錢進出干擾，貨幣升貶應該與國家競爭力相關。
上銀上禮拜三舉辦法人說明會。談到新台幣匯率，卓永財重申，本國貨幣匯率影響進出口廠商，上銀有八成以出口外銷為主，也會受到匯率波動影響損益。
卓永財指出，產業要升級提高附加價值，減緩匯率波動的影響。
卓永財重申，目前熱錢進出影響匯率走勢，匯率的穩定應該要把熱錢因素排除，他建議中央銀行應排除熱錢進出干擾。卓永財表示，可以體諒政府的難處，不過美國和台灣不一樣，熱錢進出對於美國沒有太大影響。
(中央社)
The phenomenon of being “tea drunk” is a unique experience often associated with this popular beverage, especially when consuming brews that are particularly high-quality or strong. Unlike being drunk on alcohol, the effects of tea drunkenness stem from various compounds found in tea leaves. __1__ These substances can have a synergistic effect on the brain, resulting in a state of euphoria, relaxation, or heightened sensory awareness. __2__ One of the most obvious is the caffeine present in tea. It acts as a stimulant that increases alertness and cognitive function. Unlike coffee, however, tea also contains L-theanine, an amino acid
A: Taiwan has won three golds at the BWF World Tour Finals in the past. B: Cool, who were the gold medalists? A: Badminton queen Tai Tzu-ying won gold in 2020 and 2023, and men’s double, Lee Yang and Wang Chi-lin, won the title in 2020 as well. B: It’s too bad that both Tai and Lee announced their retirement from badminton. A: Hopefully, Wang and his new partner — the 21-year-old, 189cm-tall Chiu Hsiang-chieh — can also perform well in the future. A: 台灣在「BWF年終總決賽」，曾3度奪金耶。 B: 真酷耶，是誰啊？ A: 戴資穎在2020、2023年度的女單，李洋、王齊麟在2020年的男雙都曾奪金！ B: 不過小戴、李洋已宣布，要從羽壇退休。 A: 希望王齊麟和新搭檔—21歲189公分的邱相榤—未來也能打出好成績。 （By Eddy Chang, Taipei Times／台北時報張聖恩）
Global coffee prices have soared to their highest in nearly 50 years due to poor weather in Brazil and Vietnam, forcing roasters such as Nestle to raise prices and consumers to hunt for cheaper brews amid the cost of living crisis. Spiking prices will benefit farmers with the crop this year, but challenge traders who face crippling hedging costs on exchanges and a scramble to receive the beans they pre-bought. WHAT DRIVES PRICES? Production problems linked to bad weather in Brazil and Vietnam have seen global supplies lagging demand for three years. That has left stocks depleted and driven benchmark ICE exchange prices
Continued from yesterday（延續自昨日） https://www.taipeitimes.com/News/lang __3__ These generally include a sense of calm, mental clarity and a mild feeling of euphoria. Some people may also experience a light-headedness, giddiness, or a heightened appreciation for the flavors and aromas of the tea they are drinking. __4__ All these are signs that one should reduce their tea intake. It is essential to understand the balance between the beneficial and adverse effects of tea. Becoming tea drunk shows the potency of the natural compounds in tea and their impact on human physiology. Moreover, it highlights the complicated relationship between what we consume and how it
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