Reported 11 months ago
The olive oil industry, considered a vital ingredient in Mediterranean cuisine, is facing a perfect storm due to a significant decrease in production caused by climate change. The soaring prices of olive oil, often referred to as 'liquid gold,' have reached historic highs, making it a target for thieves and adding to the challenges already faced by industry players. Climate change, high olive oil prices, interest rates, and inflation have created a difficult situation throughout the olive oil supply chain, presenting one of the most challenging times in the industry's history. Extreme weather conditions have had a significant impact on olive oil production in southern Europe, particularly in countries like Spain, Italy, and Greece, resulting in a sharp decline in yields.
Source: YAHOO
Reported 11 months ago
According to a draft emissions law in Taiwan, starting from June 9, 2024, a carbon fee will be imposed based on a standard of 25,000 tons, with traditional manufacturing sectors like steel not eligible for a deduction. This has raised concerns in the industry, leading to discussions between the Ministry of Economic Affairs and the Ministry of the Environment to address potential issues of unfair competition among domestic industries. The proposed law has different treatment for high and low carbon-emitting businesses, with those in higher-risk sectors like petrochemical, cement, and steel facing full imposition without any deductions, while lower-risk industries can benefit from the 25,000-ton deduction. The legislation is part of efforts to drive carbon reduction and promote more sustainable practices, but challenges around technological readiness and industry-specific considerations remain.
Source: YAHOO
Reported 11 months ago
China's State Council executive meeting on June 9, 2024, discussed real estate-related work, proposing to continue researching and implementing new measures to reduce inventory and stabilize the market. This signals a potential launch of new official policies to address the housing inventory issue. Current policies aim to accelerate sales, activate existing housing stock, and introduce more innovative measures. The report also mentions the success of recent policies like reducing mortgage rates and increasing government purchases of existing housing. Analysts predict upcoming measures will focus on accelerating the sale of existing and new housing to stabilize housing prices.
Source: YAHOO
Reported 11 months ago
In recent weeks, stocks related to power plants, such as electrical and cable companies, and wind power energy, have seen a resurgence in the Taiwan stock market. Huang Jen-Hsun, the founder of Nvidia, has once again sparked discussion on AI investments in Taiwan, highlighting concerns about power shortages for investments in the country. Stocks related to power plants are rising, with a focus on solar energy as a solution for potential electricity shortages. The market is anticipating investment opportunities related to Taiwan Power's robust electricity network plan and wind power projects, as well as potential opportunities stemming from nuclear power extension or restarts. Globally, even Microsoft co-founder Bill Gates' TerraPower company is planning to build a new-generation nuclear power plant in the United States. This surge in interest has positively impacted stocks related to electrical supply chains, boosting market confidence.
Source: YAHOO
Reported 11 months ago
Many mainland Chinese travelers and self-driving enthusiasts often find themselves booking highly acclaimed star-rated hotels in unfamiliar cities, only to discover upon check-in that while the hotel exterior may be luxurious, the interior facilities are outdated. With the hotel industry in China entering an era of stock transformation, renowned hotel chains have been focusing on revamping existing hotels to tap into new growth opportunities. By leveraging customer resources and market experience, renovating aging facilities, and upgrading prime urban locations, these existing hotels have the potential to boost chain hotel group performance. The case of the Edison Hotel in Shanghai serves as a prime example of successfully transforming an aging hotel into a popular landmark and profitable asset through a balance of historical preservation and modern design.
Source: YAHOO
Reported 11 months ago
The government is actively attracting private investment to inject funds into the economy, with five projects worth billions under the Promotion of Private Participation Law currently underway. The largest project, the 200 billion NT dollars BOT project for the Star Diamond Transportation Center in Tainan City, involves building a multi-storey parking lot and mixed commercial space on a site of approximately 1.12 hectares. Other projects include a 150 billion NT dollars sports field development in Banqiao, a 141 billion NT dollars large-scale logistics center in Hukou, a 130 billion NT dollars transportation hub in Shuhan, and a 104.6 billion NT dollars logistics center in Dayuan. Companies like Fubon Life and Uni-President are planning significant investments in logistics centers as e-commerce drives the trend, with a total of five cases amounting to nearly 23 billion NT dollars. Notably, this year's logistics center investments showcase three main trends: shifting from Taoyuan to Hsinchu, focusing on multi-temperature storage facilities, and seeing new market entrants like Fubon Life and Uni-President investing heavily in the sector.
Source: YAHOO
Reported 11 months ago
Saudi Arabian oil company Aramco announced a new stock issuance on June 6, aiming to raise $11.2 billion for economic diversification. Despite the initial pricing at the lower end of the range, subscriptions were robust, with nearly 60% from international investors, leading to a 2.7% stock price increase and a positive outlook for Saudi Arabia's future. This issuance is seen as a step towards attracting international investors and supporting Saudi Arabia's economic transformation goals, despite challenges from low oil prices and a push towards green energy globally.
Source: YAHOO
Reported 11 months ago
The article discusses the Economic Cooperation Framework Agreement (ECFA) over the past 14 years, highlighting the benefits and challenges. The ECFA aims to facilitate trade between Taiwan and mainland China by reducing tariffs and promoting market access. However, recent developments, such as the termination of certain tariff benefits by China, have raised concerns. The article also touches upon issues related to Most Favored Nation (MFN) status and trade barriers, emphasizing the importance of logical consistency in Taiwan's economic policies.
Source: YAHOO
Reported 11 months ago
EY企業家獎享譽全球，今年《EY世界企業家大獎》在蒙地卡羅舉行，來自47個國家的51位得主參與。台灣企業家高新明代表臺灣參加，而印度企業家Vellayan Subbiah以創新精神榮膺大獎，他在主持Chola金融公司期間，使公司市值暴漲60倍，並推動Tube Investments of India（TII）成功進軍電動車市場和其他產業，也讓TII成為印度領先的工程公司之一。安永全球主席暨執行長Carmine Di Sibio稱讚他不僅有卓越的數字成長表現，也推動他人改善生活，成為《EY世界企業家大獎》的楷模。
Source: YAHOO
Reported 11 months ago
As the Taiwanese stock market fluctuates at a high level, there is a shift in momentum with domestic funds gaining more influence compared to foreign funds. Despite foreign funds only buying a net total of 45 billion NT dollars in stocks this year (much lower than 349.1 billion NT dollars by fund managers), the market has surged by nearly 4,000 points, indicating a decrease in foreign influence as domestic funds take the lead. With fund managers ramping up activity at the end of the season, following domestic funds for investment may be advantageous. Key stocks to watch include Cathay Financial, Evergreen Marine, Taiwan Semiconductor Manufacturing Company, and 13 other 'fund management favorites'.
Source: YAHOO
Reported 11 months ago
As the rainy season approaches in June, high humidity can lead to concerns about clothes not drying properly, furniture getting damp and moldy, and health issues like asthma and skin allergies. Choosing an energy-efficient dehumidifier becomes crucial, with Panasonic's inverter dehumidifier offering energy savings up to 64%, specialized gear for drying shoes and clothes, and a convenient single-handed water tank design. With a stylish pearl-white exterior and unique dual technology for energy savings and purification, Panasonic's dehumidifiers prioritize both moisture removal and clean air, with an outstanding efficiency in removing PM2.5 and formaldehyde. Made in Taiwan, Panasonic dehumidifiers have dominated sales for 15 years and won accolades like the 2023 Platinum Brand Award. Purchase selected models by August 20, 2024, and receive a vacuum insulated coffee mug set as a limited summer gift.
Source: YAHOO
Reported 11 months ago
Amid intensified price wars in the mainland China car market, the profitability of the automotive industry remains at historic lows. With manufacturers facing challenges due to fierce competition and increasing development costs, profit margins are being further squeezed despite slight improvements thanks to expanded production and cost reductions on materials. Numerous car companies, including those in the fuel car sector, have responded with subsidies and price cuts as the Chinese government introduced policies encouraging car replacements with generous subsidies. Despite strong performance from some companies in the mainland's low base production and sales during the first four months of 2024, many enterprises are experiencing significant profit declines and increased survival pressures. However, with stable production and active efforts to stabilize consumer consumption of fuel cars, the overall outlook for the automotive industry in China appears to be cautiously optimistic.
Source: YAHOO
Reported 11 months ago
According to recent reports, Taiwan is moving forward with its low Earth orbit satellite project with a plan to have coverage over the entire island by the end of the month. The government is set to allocate nearly 10 billion NTD for a 4-year plan to maintain existing sites, obtain higher bandwidth from OneWeb's satellites, and establish more mobile network response vehicles to help Taiwan build its own satellite system. Additionally, the National Space Organization will revise and expand its long-term national space technology development plan, incorporating various projects such as low Earth orbit satellite communication, with a budget scaling to over 65 billion NTD by 2031. Discussions are ongoing to further solidify Taiwan's position in the space technology and industry sectors.
Source: YAHOO
Reported 11 months ago
The high-profile divorce case between SK Group Chairman Chey Tae-won and former South Korean President Roh Tae-woo's daughter Roh Soh-yeong, dubbed the 'century divorce,' reveals not only record-breaking financial settlements but also political ties and monetary transactions. The court ruling ordered Chey Tae-won to pay approximately 1.38 trillion Korean won (about 33.1 billion New Taiwan dollars) plus additional compensation. The case delves into the intertwined relationships between conglomerates and the political arena, shedding light on hidden secrets and moral implications beyond monetary disputes.
Source: YAHOO
Reported 11 months ago
The editorial on June 9, 2024, discusses the highly anticipated 20th Third Plenary Session of the 20th Central Committee of the Communist Party of China, scheduled for mid-July. The delay in this session, usually held in the fourth quarter, is believed to stem from challenges in the mainland's economy due to property developer defaults affecting real estate, the financial system, and social stability, along with geopolitical challenges in export markets. After implementing measures to stabilize the economy post Chinese New Year, Hong Kong saw positive impacts with real estate stabilization and economic boost activities, reflecting Beijing's strategy to address market risks before introducing major economic policies at the upcoming Third Plenary Session in July, focusing on long-term development and structural reforms. President Xi Jinping's speeches emphasized deeper reforms, building a socialist market economy, and enhancing market systems to boost efficiency, suggesting a shift towards a more market-oriented approach in China's economic policies. The impending Third Plenary Session could signal a turning point in China's economic strategy.
Source: YAHOO
Reported 11 months ago
In an effort to compete with China and the US, the EU is considering using public funds to support local manufacturing industries, a significant departure from their long-standing policy of limiting national subsidies. Thierry Breton, the EU Internal Market Commissioner, has proposed the establishment of a €100 billion public fund to reduce Europe's dependence on American defense manufacturers. The goal is to boost European arms production capabilities and strengthen the industrial base to rival the manufacturing industries of China and the US. The EU is also looking to expand investments in defense industries and may resort to debt to achieve these goals.
Source: YAHOO
Reported 11 months ago
On June 9, 2024, the value of the GB200 server rack's cooling system was estimated to be 11 times that of H100 air cooling, and 19 times that of traditional servers. It is projected that by 2027, the overall server cooling market will grow fourfold compared to 2024. The competition among heat dissipation providers intensifies as liquid cooling gains popularity, with companies like Chi Hung, Double Rainbow, and Jianzhun increasing their capital expenditures significantly. The article also discusses expansions in production capacities in China and Vietnam, stating that the liquid cooling revenue share is expected to reach 5-10% this year, a significant increase from the previous year's 2%. Several companies are focusing on improving liquid cooling technology and expanding production capacities to meet the rising demand.
Source: YAHOO
Reported 11 months ago
As the application of AI expands, the North American retail industry is beginning to utilize AI to monitor inventory, reduce food and clothing waste. Walmart has been facing significant costs and profit reductions due to food waste, particularly in the US, Canada, and Mexico, and aims to achieve zero waste in these three countries by 2025. Walmart is using AI to monitor inventory for timely price adjustments, avoid perishable items going unsold, and reduce wastage by making proactive decisions based on data analysis. Other US companies like Winnow are also using AI to reduce food waste, highlighting the growing trend of AI integration in waste management to save costs and environmental resources.
Source: YAHOO
Reported 11 months ago
As of June 9, 2024, 4:10 PM, there is a growing trend in robot wealth management, with banks like Cathay United, SinoPac, Yuanta, Hua Nan, First Bank, and CTBC experiencing significant growth in asset management scale. The top-ranked Cathay United Bank's 'Smart Investment' saw a 438% growth rate in the first five months, while Hua Nan Bank's 'Smart Hua Nan Funds' doubled year-on-year. Both young urbanites and retirees are increasingly investing in these services. Various banks report growing interest in robot wealth management, particularly among customers aged 40 and below, showing a strong appeal to the younger demographic.
Source: YAHOO
Reported 11 months ago
US stocks have been hitting record highs this year, and domestic mutual funds, especially the US stock funds, have seen the best performance with an average growth of over 20%. Following closely behind are Taiwan stock funds at 19%, while other well-performing funds include global stock funds and Asian stock funds, averaging around 15% returns this year. Factors such as strong AI demand, Taiwan's export growth, and the recovery of traditional consumer electronics demand have contributed to this positive outlook for the stock market.
Source: YAHOO
Reported 11 months ago
Cost overruns and delays at Southern Co.'s Plant Vogtle pushed U.S. nuclear power in a different direction, leading to a focus on small modular reactor construction. The newly operational reactor at Plant Vogtle in Georgia is now the nation's largest nuclear power plant, emphasizing the move towards smaller, more cost-effective designs in the industry. Despite challenges faced during the expansion of Plant Vogtle, including financial setbacks and pandemic-related delays, U.S. utilities are considering small modular reactors for future decarbonization plans.
Source: YAHOO
Reported 11 months ago
In the aftermath of the COVID-19 pandemic, physical retail businesses in China like Walmart China, Carrefour China, and Yonghui Superstores are facing challenges, with closures and financial difficulties. Amid this, Henan retail giant 'Fat Donglai' has risen, known for its customer service and humane management practices, even assisting competitors in transitioning. Fat Donglai, founded in 1995, is praised for its approachable style, and CEO Yu Donglai recently announced ten 'unhappy days off' for employees. By transforming some of their competitors' stores, Fat Donglai has become a hot topic in the industry, signaling a shift from a 'growth era' to a 'quality development era' in Chinese retail.
Source: YAHOO
Reported 11 months ago
NVIDIA founder Jensen Huang mentioned the advent of a robot world, with robot wealth management riding the wave of popularity. As of the end of April, 18 entities have managed robot wealth, with total assets reaching 87.01 billion NT dollars, a 24.87% yearly growth. The top three banks in terms of scale are Cathay United Bank, First Bank, and Hua Nan Bank, while the top three asset management firms are Fubon, Nomura, and Yuanta Funds. The FSC opened up the 'Automatic Investment Advisory' (robot wealth management) business in June 2017, with assets reaching 62.75 billion NT dollars at the end of 2022 and 77.92 billion NT dollars at the end of 2023, showing a decreasing growth trend in recent months.
Source: YAHOO
Reported 11 months ago
According to reports, Chinese companies are preparing evidence to request authorities to launch an anti-subsidy investigation on certain dairy products imported from the EU. This comes as the EU is set to inform manufacturers of the applicable import tariff rates. The tension between China and the EU has been escalating with recent anti-subsidy and anti-dumping investigations by both sides, impacting various industries and trade relationships.
Source: YAHOO
Reported 11 months ago
India is poised to become a global economic powerhouse, thanks to Prime Minister Modi and billionaires Ambani and Adani who are instrumental in boosting India's rank from fifth to potentially fourth in the world economy. With Modi expected to continue pro-business policies focusing on manufacturing and infrastructure, accompanied by the investments of Ambani and Adani, India's stock market is thriving. These three key figures are seen as crucial players in India's journey towards economic dominance, with a projected growth rate of over 6% in the coming years aiming to surpass an 8% threshold to solidify India's position as the third-largest economy globally by 2027.
Source: YAHOO