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Asia s Leading Cross-Sector Innovation Technology Trade Expo Taiwan Innotech Expo 2021 Will Commence on October 14th

Industrial Technology Research Institute (ITRI): Asia s Leading Cross-Sector Innovation Technology Trade Expo Taiwan Innotech Expo 2021 Will Commence on October 14th

Two major hotel operators post a drop in revenue

Formosa International Hotels Corp (FIH, 晶華國際酒店集團) and FDC International Hotels Corp (雲品國際), two major hotel operators based in Taipei, reported that their revenue slumped last month from a year earlier due to COVID-19-related capacity limits and social distancing requirements. FIH, which operates the Regent Taipei (晶華酒店), the Silks Place (晶英酒店), Just Sleep Hotel & Resort (捷絲旅) and several independent restaurants, posted a combined revenue of NT$357 million (US$12.73 million) for last month, down 28.55 percent from a year earlier, the group said last week. Capacity reduction requirements affected revenue recovery, even though the number of local COVID-19 infections has dwindled, it said. The

People still prefer local trips: survey

People still prefer local trips: survey By Kao Shih-ching / Staff reporter People still prefer to stay in Taiwan rather than plan overseas trips, despite the COVID-19 situation being much less concerning than six months ago, a survey conducted by Cathay Financial Holding Co (國泰金控) showed yesterday. Sixty-seven percent of respondents said that they would prefer to travel domestically over the next six months as they are still worried about how the COVID-19 situation is developing in other countries, while few respondents were planning to travel overseas, the survey showed. Only 3.1 percent of the 13,316 respondents said that they would be willing to undergo quarantine requirements so that they could travel abroad within the next six months.

Machinery exports rise more than 30% in March

The nation’s machinery exports last month rose 30.7 percent from a year earlier to US$2.22 billion on the back of a strong recovery in global demand, despite a hike in raw material prices and tight supply in cargo shipping services, the Taiwan Association of Machinery Industry (TAMI, 台灣機械公會) reported last week. In New Taiwan dollar terms, machinery exports last month increased 22.5 percent to NT$81.92 billion (US$2.89 billion), the association said. Among machinery goods, electronic equipment exports soared 135.2 percent to US$532 million from a year earlier, followed by exports of inspection equipment (US$385 million) and power transmission equipment (US$225 million). Coming in

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