Such rush orders would come to an end later this quarter, making the fourth quarter — normally the high sales season — a tough challenge, he said, adding that the global economy is still in a shambles. Major tech firms have declined to give business guidance beyond the current quarter, citing poor order visibility. Manufacturers of mineral, plastic, base metal and other non-tech products would also continue to struggle due to sluggish demand, Hsu said. The government could do so by lowering the business tax or sparing companies the levy on retained earnings, at least temporarily, Lin said. Most business tycoons painted the plans by the Ministry of Labor to raise monthly basic wages by NT$200 to NT$24,000 as unfavorable, but bearable.

Source: Taipei Times August 19, 2020 15:56 UTC