Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, said Tuesday it is planning to hire more than 4,000 new staff this year at a time when the company is gearing up to develop high-end processes to maintain its lead over rivals.
According to TSMC, it has listed plenty of job openings on the recruitment website TaiwanJobs run by the Ministry of Labor's Workforce Development Agency (WDA), and has also actively launched recruitment campaigns on campuses to expand its talent pool.
The more than 4,000 job openings reflect demand for talent in a wide range of fields such as electric/engineering, optoelectronics, machinery, physics, production materials, chemicals, finances, management, human resources and labor relations, TSMC said.
Read more: Taiwan News
MANILA, Philippines — Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO) has retained its 6.4 percent growth forecast for the Philippines this year, higher than the four-year low 5.9 percent growth last year.
Based on results of its annual consultation report for the Philippines for 2019, the regional think tank said that stable macroeconomic fundamentals combined with easing monetary policy will contribute to the recovery of economic output this year.
The timely passage of the 2020 national budget will also ensure an increase in government expenditure of priority programs and projects.
“Going forward, growth is expected to continue to recover, led by a further increase in government expenditure. Overall, the economy is expected to grow by 6.4 percent in 2020,” AMRO said.
Read more: Philippine Star
MANILA, Philippines — Conglomerate San Miguel Corp. (SMC) can proceed any time with the actual construction of a new international airport in Bulacan despite the clarifications being sought by the Department of Finance (DOF) on certain provisions in the concession agreement...
...The $15-billion Bulacan airport project, also referred to as the New Manila International Airport, will be built on a 2,400-hectare property in Bulakan, Bulacan.
It will have four runways, eight taxiways and three terminals and be able to handle up to 100 million passengers per year once fully completed in five years.
SMC will undertake the financing, design, construction and operation of the new international gateway, which is expected to ease congestion at the Ninoy Aquino International Airport, the country’s main international gateway.
Ang said that as part of preparatory work for the airport, the company had already hired expert foreign consultants to study the flooding situation in Bulacan.
They have identified the rivers, creeks, tributaries, and bodies of water that need to be cleaned, deepened, widened, and improved to address flooding in the province.
Ang said the new airport could bring in as much as 30 million tourists and create jobs and livelihood opportunities for Filipinos...
Read more: Philippine Star
THE Philippines has the highest productivity in the manufacturing sector in Southeast Asia, as Japanese investors find the minimum wage here most appropriate for the level and volume of work completed by laborers.
In the 2019 Jetro Survey on Business Conditions of Japanese Companies in Asia and Oceania, the Philippines took the top position in the appropriateness of the minimum wage from the perspective of productivity.
Read more: BusinessMirror
"Our next leader should have the vision to anchor our future on the primacy of science and technology."
Last week, together with our commercial counsellor, we met top officials of a Taiwanese company who had earlier expressed interest to invest in the Philippines. The planned investment was more than a billion US dollars, and we hastened to check if their interest had waned after the travel ban our government imposed last February 10.
That ban has since been reversed on Valentine’s Day, and both government and business officials in Taiwan appreciated the quick action.
While waiting for the arrival of the company Chairman and CEO, we sat in conference with other officials of the company, led by their Vice Chairman who was an economic minister at the turn of the century.
He told us that the secret of Taiwan’s economic advancement, despite its small size and lack of natural resources, and despite security threats, could be summarized in a short phrase: Research and Development—R & D.
Government put up research facilities for agriculture, for manufactured product development, for information technology, for medical science, for alternative energy, even robotics.
Then, it partnered with the private sector, which then manufactured the products that their technological research developed. In agriculture and aquaculture, research developed ways of cutting costs, increasing yield, and adaptation to both natural threats such as typhoons and droughts, or the challenges brought about by climate change. In information technology, they developed software that could compete with other highly developed countries.
And government assisted start-ups in practically every industry, particularly for exports and IT, providing them with business incubators, and arranged financing from government banks or even private banks where government maintained stock holdings.
Read more: Manila Standard
...Cathay Land seems to be starting the year strong as it recently unveiled the Third Phase of Cavite Light Industrial Park (CLIP), its industrial estate that is part of the company’s master-planned township, Mallorca City. The Fourth Phase is also being scheduled to be launched in a few months’ time.
“....it’s just less than P10,000 per sqm and we’re just 30 minutes away from Metro Manila,” he added.
Locators at CLIP are also set to benefit from the government’s big-ticket infrastructure projects which seem to virtually tie Cavite to the rest of Metro Manila such as the 45-km Cavite Laguna Expressway (Calax) and the Cavite-Tagaytay-Batangas Expressway (CTBEx).
Cavite Light Industrial Park’s strategic location gives locators easy access to the Port of Manila and Port of Batangas via South Luzon Expressway (SLEX) and the ongoing developments of Cavite Laguna Expressway (CALAX) and Cavite-Tagaytay-Batangas Expressway (CTBEX).
Add to that the Mamplasan to Sta. Rosa exit which is expected to be extended all the way to CLIP by the end of the year. The current LRT Line 1 is also being extended from its existing Baclaran Station to Bacoor in Cavite. All these, according to Ng, are driving people to relocate their families from Metro Manila to Cavite.
“We’re very bullish on Cavite with all these infrastructures. We’re now at the center of all these that’s being put up,” he said.
CLIP currently has 25 to 32 locators ranging from companies involved in warehousing, light manufacturing, glass business, aluminum, automotive, garments and food.
Read more: Philippine Daily Inquirer
TAIPEI (Taiwan News) — As the Wuhan coronavirus (COVID-19) continues to spread in China, Apple is moving the manufacture of some of its top devices to Taiwan.
Apple has begun to move the production of a number of its top gadgets set to launch in the first half of 2020, according to a report by am730, which cited DigiTimes. The products listed in the report to be shifted to Taiwan include AirPods Pro Lite, iPads, and Apple Watches.
Apple is trying to diversify its supply chain geographically due to the spread of the virus, which has seriously affected the production of Apple products in the communist country. Apple intends to gradually increase the proportion of production in Taiwan while still trying to maintain its cooperation with suppliers on the other side of the strait.
It is estimated that at least one-third of China's production lines will lay idle in the first quarter of this year, and it would be almost impossible to return to the normal level of production before the end of February. It is also doubtful whether normal production could be resumed within the first ten days of March.
However, the report did not mention additional details about Airpods Pro Lite. Apple launched the Airpods Pro, which have an active noise cancelation function, in October last year.
In March of 2019, Apple introduced a slightly improved second generation of AirPods. It is speculated that Apple will be releasing its third-generation AirPods early this year.
Read more: Taiwan News
“Fitch Ratings maintained the country’s credit rating at “BBB” with a “stable” outlook, citing sustainability of the economy’s robust growth while recognizing successful efforts to bring inflation back to target.
The rating is a notch above the minimum investment grade and the stable outlook indicates the absence of factors that can change the rating within the short term.”
Read more: Philippine Daily Inquirer
President Tsai Ing-wen expressed her gratitude to “friends from all walks of life” in the Philippines for their support, after a cabinet-level meeting resulted in a lifting of a travel ban by the Philippine government, today, February 14.
“Both the Manila Economic and Cultural Office (MECO) in Taiwan and Labor and Employment Secretary Silvestre Bello III argued in favor of lifting the ban due to its potential impact on the 150,000 Filipino migrant workers in Taiwan,” CNA reported.
Read more: Taiwan English News
“THE Philippine government has lifted the travel ban to Taiwan, amid mounting clamor from both Taipei and thousands of Filipino workers stranded by the order, imposed as part of measures to deal with the new coronavirus disease 2019 (COVID-19).
The announcement of the lifting was made after an interagency meeting called Friday.”
“TECO would like to express deep appreciation to all Filipino friends who have voiced their sincere support for removing Taiwan from the temporary travel ban. We especially commend the Manila Economic and Cultural Office for its tireless efforts to help remove Taiwan from the travel ban.”
Read more: Business Mirror
ABOUT PTIC TAIPEI
The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan