Industry

Taiwan’s Manufacturing Sector Faces Sluggish Growth in February

Taipei: Taiwan’s manufacturing sector showed sluggish growth in February, as export orders and industrial production lost some momentum, the Taiwan Institute of Economic Research (TIER) said Tuesday. TIER’s composite index, which measures the sector’s…

Grab Seeks Taiwan Approval for US$600 Million Foodpanda Deal

Singapore: Singapore-based ride-hailing and delivery giant Grab Holdings Ltd. has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero’s foodpanda in a deal valued at about US$600 million. Grab said in a stat…

Taiwan Shares Plunge as Crude Oil Prices Surge

Taipei: Shares in Taiwan moved sharply lower Monday as a spike in crude oil prices led investors to trim their holdings of large-cap stocks, particularly those in the electronics sector, analysts said. The Taiex, the Taiwan Stock Exchange’s benchmark …