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With the gradual easing of COVID-19 control measures and the effects of the government’s stimulus voucher program, domestic retailers along with food and beverage businesses are expected to experience a continued rebound this quarter, the Ministry of Economic Affairs said on Friday. “The retail industry has gradually stabilized and the consumer traffic at physical store channels has returned, leading retail sales to return to positive annual growth last month,” the ministry said in a statement. Retail sales grew 1.3 percent year-on-year to NT$325.4 billion (US$11.7 billion) in September, following three consecutive months of annual contraction, the ministry’s data showed on Monday last ....
Business confidence last month weakened slightly among Taiwan’s manufacturers as demand diminished for devices used in distance learning and remote working, a survey released yesterday by the Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) found. The business sentiment gauge for the manufacturing sector fell 1.99 points to 101.64 a fifth consecutive month of decline as the stay-at-home economy loses momentum ushering in an inventory correction cycle for some local electronics suppliers, the Taipei-based think tank said. That accounted for why many firms said they were neutral or had turned cautious regarding their business prospects over the next six months, the ....
Travel e-commerce platform KKday yesterday launched a new Web site KKday stores as it aims to partner with local tour and accommodation providers to promote in-depth tour experiences across the nation. The new platform is expected to feature offerings by up to 10,000 local partners, KKday said. The partners would be able to launch their products on the platform, which would boost independent tourism, it said. The platform would in the first phase target planners and providers of educational travel experiences, as well as outdoor activities, it said, adding that it set this focus because many people are concerned about the ....
Necessary items were the top pick for people when asked what they planned to spend their Quintuple Stimulus Vouchers on, with 39.3 percent of respondents to a survey by Cathay Financial Holdings Co (國泰金控) released yesterday saying that groceries and other such items were on their list, while 26.4 percent had planned trips to department stores. The survey showed that 11.3 percent of respondents planned to spend their vouchers on travel and 9.9 percent on dining out. The survey showed that people are more likely to use the vouchers at shopping malls or restaurants than last year, Cathay Financial said in a ....