Delta Electronics projects strong revenue growthBy Chen Cheng-hui / Staff reporterPower and thermal management solutions provider Delta Electronics Inc (台達電) on Friday said it aims to achieve double-digit percentage growth in revenue this year, but warned of headwinds ahead as COVID-19 lockdowns in China cause supply chain disruptions, affecting business at its automation unit in particular. The logo of Delta Electronics Inc is displayed at the Computex exhibition in Taipei on May 30, 2020. The power electronics segment was the biggest driver of Delta’s business, generating revenue of NT$49.24 billion, making up 60 percent of its total revenue in the first quarter. By product, automotive electronics reported the highest growth, as the company had landed orders for electric vehicles years earlier and was less affected by external changes, Delta said. Demand for electronic components for servers and data centers remained robust last quarter, as electronics manufacturing service providers continued to demand supplies to fulfill orders, Delta said.

Bomb kills at least 10 in busy Kabul mosqueSUFIS TARGETED? Grisly images of Friday’s blast posted on social media showed survivors running out of the mosque, with some carrying victims including children. A blood-stained worshiper on Friday walks around a mosque in Kabul where a explosion killed at least 10 people. Photo: AP“Many worshipers were at the Khalifa Sahib mosque when the blast went off,” said a survivor who gave his name as Ahmad. Bloodied casualties were ferried in ambulances and vehicles to a hospital in central Kabul, but Taliban fighters barred journalists from accessing the facility.

Crude posts longest monthly winning streak since 2018 amid volatile tradingBloombergOil logged gains for a fifth month after another tumultuous period of trading that saw prices whipsawed by the fallout from Russia’s war in Ukraine and a resurgence of COVID-19 in China. West Texas Intermediate (WTI) futures climbed 4.4 percent last month, marking the longest monthly winning streak since January 2018. People gather outside the German embassy in Brussels on April 22 as they call for an oil embargo against Russia. The world’s top crude importer is on course to register the weakest demand since the early days of the COVID-19 pandemic. As the path toward a potential embargo on Russian oil has grown clearer, the oil market’s structure has firmed.

Rocket launch to test ARRC propulsion systemBy Hung Mei-hsiu and Jonathan Chin / Staff reporter, with staff writerTaiwanese researchers are to conduct the maiden flight test of an indigenously designed HTTP-3A sounding rocket’s second stage propulsion system on Tuesday morning, National Yang Ming Chiao Tung University said yesterday. The test is scheduled to take place at the Syuhai Interim Sounding Rocket Launch Site in Pingtung County as the first-ever launch at the site, the university said in a statement. The university operates the Advanced Rocket Research Center (ARRC), which developed the rocket. Members of National Yang Ming Chiao Tung University’s Advanced Rocket Research Center pose in front of an HTTP-3A sounding rocket in an undated photo. “The preparation, data and experience surrounding a test flight are invaluable to the [center’s] technical development.”

COVID-19: HK virus testing in schools fuels waste woesFILLED TO BRIM: Hong Kong’s landfills were almost at capacity, as it does not recycle plastic waste from quarantine hotels for fear of COVID-19 contaminationReuters, HONG KONGA Hong Kong government rule that all school students and staff take daily COVID-19 tests would add massively to the territory’s plastic waste problem, environmentalists say, with about 20 million kits per month set to be dumped at bursting landfills. A man jogs past discarded polystyrene foam boxes stored on a street in Hong Kong on Thursday. The Hong Kong Environmental Protection Department said that about 120,000 to 150,000 foam boxes were arriving daily from the mainland. A woman buys boxes of rapid antigen test kits for COVID-19 in Hong Kong on Feb. 28. Photo: ReutersOver the past year Hong Kong has generated a colossal amount of disposable plastic waste from quarantine hotels and isolation facilities, which is not recycled due to fear of contamination.

India’s Tata eyes chipmaking, plans for battery factoryBloombergIndia’s Tata Group is planning a foray into semiconductor manufacturing as the coffee-to-cars conglomerate seeks to mitigate the pain from the global chip crisis as well as reduce dependence on imports. Tata Group’s foray into semiconductor making will also help its Tata Motors, which makes the Jaguar Land Rover brands and has suffered due to the shortages. Tata Motors, which has a 70 percent share in India’s nascent electric vehicle market, also announced plans to launch its first-ever pure electric vehicle by 2025. The five-seater Avinya is to have no gasoline variants, Shailesh Chandra, managing director at Tata Motors Passenger Vehicles told reporters at a briefing yesterday. Tata Motors currently sells two battery-powered models, the Nexon EV and Tigor EV, but they also have variants that run on fossil fuels.

A pharmacist in New Taipei City’s Banciao District hands a customer a COVID-19 rapid test kit yesterday. The Food and Drug Administration yesterday approved the first at-home saliva rapid COVID-19 test kit, after businesses applied to acquire up to 30 million of the South Korea-made products. The agency has so far approved 21 at-home rapid test kits, most of which use throat swabs or nose swabs to detect the virus, while the five saliva rapid test kits used in Taiwan must all be administrated by a healthcare worker. Pharmacies are allocated enough rapid tests to serve 78 people per day, and deliveries would continue throughout today to ensure supply, he said. The announcements came as the CECC reported 11,974 new domestic COVID-19 cases and two deaths.

Meta calms investors with strong quarterly incomeAFP, SAN FRANCISCOFacebook parent Meta Platforms Inc on Wednesday reported better-than-expected profit in the recently ended quarter, calming investors worried about the toll of competition from TikTok and eased COVID-19 pandemic restrictions. Meta owns Facebook, Messenger, WhatsApp, Instagram and virtual reality firm Oculus. Investors had been worried that as the pandemic eased and people socialized more in real life that they would engage less on Facebook. Meta said it ended the quarter with 77,805 employees, an increase of 28 percent from a year earlier. Meta has been investing heavily in a future that Zuckerberg believes will include spending time in immersive virtual worlds referred to as the metaverse.

Although India has not officially included Taiwan within the ambit of the policy, Taiwan does figure prominently within its framework. So it is only natural that the Act East Policy’s three Cs — commerce, culture and connectivity — are expanded in India’s relations with Taiwan as well. Commercial ties are at the core of relations between Taiwan and India. The India Spring Festival in Taiwan is held each year, but India could do more on its side. This should also be done for Taiwanese visitors in India, which has been making efforts to increase tourist inflows as a part of its “incredible India” campaign.

Taiwan ranks ninth on China infiltration list‘HEAVILY INFLUENCED’: Cambodia ranked first and Singapore second in overall infiltration by China, but Taiwan ranked first with regards to infiltration of mediaBy Su Yung-yao and William Hetherington / Staff reporter, with staff writerTaiwan ranked ninth in a list of 36 countries most infiltrated by China, Taipei-based think tank Doublethink Lab said yesterday, citing the results of its survey. The indicators were further divided into three layers — engagement with China, pressure from China and their effects — he said. “For example, Taiwan is ranked ninth overall, but in terms of infiltration of the media it is ranked number one,” he said. Cambodia is mainly influenced by China in the areas of law enforcement, and military and diplomatic affairs. Singapore is mostly influenced by China through its tech sector, followed by academic research and economy, while Thailand’s military and law enforcement are heavily influenced by Beijing.

TPP demands vaccine transparency, subsidiesBy Hsieh Chun-lin and Kayleigh Madjar / Staff reporter, with staff writerThe Taiwan People’s Party (TPP) caucus yesterday called for better vaccine information and subsidies for lost work to help children and parents weather a worsening outbreak of COVID-19. As the domestic case count leapt to 8,822 yesterday, the TPP caucus said there were “oversights” in government policy regarding children. TPP caucus whip Chiu Chen-yuan (邱臣遠) called for transparency on vaccines, starting with information on the side effects of the Moderna vaccine in children. Second is vaccine information, he said. Not knowing when the Pfizer-BioNTech vaccine might become available, parents cannot make a decision on which type of vaccine to choose for their child, he said.

Money gauges fall, securities decline biggest in 12 yearsBy Crystal Hsu / Staff reporterThe nation’s money supply gauges last month lost momentum, with securities accounts having their largest monthly drop in 12 years as stock routs drove retail and institutional investors to the sidelines, the central bank said yesterday. The latest data showed that investors’ securities accounts shed NT$89.9 billion (US$3.07 billion) to NT$3.1 trillion last month, the central bank said. Foreign portfolio managers cut holdings in local shares by a net NT$267.4 billion last month, it said. However, overall savings deposits by foreign investors picked up NT$26.5 billion, indicating that some are waiting for re-entry opportunities, the bank said. By contrast, foreign currency deposits spiked 16.13 percent year-on-year to reach US$7.64 trillion, supported by a strong US dollar and robust exports, it said.

FEATURE: Work-quarantine cycle takes toll on flight staffBy Chiang Yi-ching / CNA, with staff writerOn a recent rare day off, Taiwanese pilot C.C. However, crew members’ time in quarantine can be cut short if they have another assignment, Lee said. HUGE SACRIFICESNo matter where they are, crew members have had little personal freedom. Flight attendants, who have more time off because of the drop in passenger numbers, can at least make it home under the looser “self-health management” protocols. “It is like being chained by invisible shackles.”‘UNREASONABLE’ RULESCompounding crew members’ dismay are the inconsistencies in quarantine rules.

As of yesterday, the union had mobilized approximately 13,000 Taiwan Railways Administration (TRA) workers to strike on International Workers’ Day in protest against the ministry’s plan to corporatize the railway agency. As no TRA trains are to run on Sunday, the ministry on Friday said that it planned to use high-speed rail trains and buses to transport people. We respect their decision and will execute the response plan,” Wang told reporters after the meeting. Negotiations between the union and the ministry went peacefully, TRLU chairman Chen Shih-chieh (陳世杰) told reporters. “We hope that things will move in a positive direction if the ministry gains the trust of TRA workers,” he said.

Philips earnings miss, as it warns of supply snarlsBloombergRoyal Philips NV’s quarterly operating profit missed analyst estimates as the Dutch maker of respiratory gear and body scanners warned of rising supply-chain challenges, inflation and the effects of Russia’s invasion of Ukraine. Philips yesterday said its first-quarter adjusted earnings before interest, taxes and amortization fell to 243 million euros (US$261.2 million), from 362 million euros a year earlier. The figure fell short of an estimate of 274 million euros in a Bloomberg survey of analysts. The headquarters of Dutch technology company Royal Philips NV is pictured in Amsterdam on Jan. 29, 2019. Philips recorded revenue of 3.9 billion euros in the three months through last month, slightly better than expected.