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.
Production value for machinery manufacturers is expected to reach a record NT$1.45 trillion (US$50.7 billion) this year as nations worldwide accelerate reopening from COVID-19 restrictions, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) said yesterday.
Last year, machinery companies generated NT$1.3 trillion in production value, making the industry one of the three pillars of the nation’s economy, the association said.
“Machinery orders have shown robust momentum during the second half of last year, leading to strong exports,” TAMI chairman Larry Wei (魏燦文) said at the association’s general meeting in Taichung.
“With the global economy moving toward reopening at a faster rate, we are
Taipei, Feb. 22 (CNA) The production value of Taiwan's machinery industry is expected to rise about 15 percent in 2022 from the year before on the back of continued strong demand, the Taiwan Association of Machinery Industry (TAMI) said Tuesday.