Trade groups and academics yesterday expressed dismay at state-owned Taiwan Power Co’s (Taipower, 台電) electricity rate hikes, saying the drastic rise would make conducting business in Taiwan difficult and put pressure on corporate profitability amid rising economic uncertainty.
Taipower on Monday said that it would raise electricity rates by an average of 8.4 percent starting on Friday. The hike is to reach 15 percent for large industrial users, to reflect soaring international energy prices.
Lin Por-fong (林伯豐), chairman of the Third Wednesday Club, a trade group whose membership is limited to the top 100 firms in individual business sectors, said the rate
Taipei, June 27 (CNA) Electricity price hikes of an average of 8.4 percent announced by the Ministry of Economic Affairs Monday have received a mixed reaction from businesses, with a 15-percent increase for large industrial users from July 1 labeled by some as excessive.
The machine tool industry is one of the domestic sectors that would overcome tariff and trade barriers if Taiwan joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), President Tsai Ing-wen (蔡英文) said yesterday.
Speaking at the opening of a machine tool trade show in Taipei, Tsai said the industry has a self-sustaining supply chain and is one of the main drivers of the nation’s economic growth.
The sector comprises mainly small and medium-sized enterprises that have a great spirit of innovation and have achieved major breakthroughs, Tsai said at the joint Taipei International Machine Tool Show and the Taiwan International
/ Staff writer, with CNAThe machine tool industry is one of the domestic sectors that would overcome tariff and trade barriers if Taiwan joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership （CPTPP）, President Tsai Ing-wen （蔡英文） said yesterday.
According to a leading US research firm, Taiwan's chip fabricators inked an agreement on December 3 to build their own semiconductor equipment industry, opening up a "option to detach from the West."