US President Donald Trump said Taiwan Semiconductor Manufacturing Company is investing an additional 100 billion dollars in the United States. He said the giant chipmaker will build state-of-the-art facilities to "boost America's dominance in artificial intelligence and beyond."
Trump made the announcement with CEO C.C. Wei at the White House on Monday. He described semiconductors as "the backbone of the 21st century economy."
US President Donald Trump said Taiwan Semiconductor Manufacturing Company is investing an additional 100 billion dollars in the United States. He said the giant chipmaker will build state-of-the-art facilities to "boost America's dominance in artificial intelligence and beyond."
Trump made the announcement with CEO C.C. Wei at the White House on Monday. He described semiconductors as "the backbone of the 21st century economy."
Trump said semiconductors are essential to powering everything from AI to automobiles to advanced manufacturing. He added, "We must be able to build the chips and semiconductors that we need right here and American factories with American skill and American labor."
He said the world's largest contract chipmaker plans to make the major investment over the next four years. It supplies semiconductors to Nvidia, Apple, and other US clients.
TSMC announced a 65-billion-dollar investment last April for manufacturing operations in Arizona.
ကိုးကား-NHK
US President Donald Trump said Taiwan Semiconductor Manufacturing Company is investing an additional 100 billion dollars in the United States. He said the giant chipmaker will build state-of-the-art facilities to "boost America's dominance in artificial intelligence and beyond."
Trump made the announcement with CEO C.C. Wei at the White House on Monday. He described semiconductors as "the backbone of the 21st century economy."
Trump said semiconductors are essential to powering everything from AI to automobiles to advanced manufacturing. He added, "We must be able to build the chips and semiconductors that we need right here and American factories with American skill and American labor."
He said the world's largest contract chipmaker plans to make the major investment over the next four years. It supplies semiconductors to Nvidia, Apple, and other US clients.
TSMC announced a 65-billion-dollar investment last April for manufacturing operations in Arizona.
ကိုးကား-NHK
US President Donald Trump ordered a probe yesterday into potential tariffs on lumber imports — in his latest move threatening to stoke trade tensions — while also pushing for a domestic supply boost.
Trump signed an executive order instructing Commerce Secretary Howard Lutnick to start an investigation “to determine the effects on the national security of imports of timber, lumber, and their derivative products.”
US President Donald Trump ordered a probe yesterday into potential tariffs on lumber imports — in his latest move threatening to stoke trade tensions — while also pushing for a domestic supply boost.
Trump signed an executive order instructing Commerce Secretary Howard Lutnick to start an investigation “to determine the effects on the national security of imports of timber, lumber, and their derivative products.”
The study may result in new tariffs being imposed, which would pile on top of existing levies. The investigation takes aim at exporters like Canada, Germany and Brazil, with White House officials earlier accusing these economies of “dumping lumber into our markets at the expense of both our economic prosperity and national security.”
Canada, for example, is among the world’s biggest exporters of softwood lumber,with its largest export market being the United States.
The probe under Section 232 of the Trade Expansion Act comes days after Trump used the same tool to study copper imports, and after he unveiled tariff hikes on steel and aluminium products.
Speaking to reporters ahead of the announcement, a White House official criticised “bad actors” globally who develop “massive overcapacity” with the help of government subsidies. — AFP
Source: The Global New Light of Myanmar
US President Donald Trump ordered a probe yesterday into potential tariffs on lumber imports — in his latest move threatening to stoke trade tensions — while also pushing for a domestic supply boost.
Trump signed an executive order instructing Commerce Secretary Howard Lutnick to start an investigation “to determine the effects on the national security of imports of timber, lumber, and their derivative products.”
The study may result in new tariffs being imposed, which would pile on top of existing levies. The investigation takes aim at exporters like Canada, Germany and Brazil, with White House officials earlier accusing these economies of “dumping lumber into our markets at the expense of both our economic prosperity and national security.”
Canada, for example, is among the world’s biggest exporters of softwood lumber,with its largest export market being the United States.
The probe under Section 232 of the Trade Expansion Act comes days after Trump used the same tool to study copper imports, and after he unveiled tariff hikes on steel and aluminium products.
Speaking to reporters ahead of the announcement, a White House official criticised “bad actors” globally who develop “massive overcapacity” with the help of government subsidies. — AFP
Source: The Global New Light of Myanmar
The Thai central bank has lowered its interest rate by a quarter percentage point in the face of US President Donald Trump's trade tariff measures.
The Bank of Thailand said on Wednesday it cut the rate to 2 percent in its first reduction in four months. Policymakers said the country's economy is subject to "heightened risk from trade policies of major economies," apparently with the US in mind.
The Thai central bank has lowered its interest rate by a quarter percentage point in the face of US President Donald Trump's trade tariff measures.
The Bank of Thailand said on Wednesday it cut the rate to 2 percent in its first reduction in four months. Policymakers said the country's economy is subject to "heightened risk from trade policies of major economies," apparently with the US in mind.
They also projected slower economic growth, as Thai manufacturers, notably automotive and petrochemical makers, are facing intense competition from imported goods.
The Thai central bank had been cautious about rate cuts despite growing calls from political and business leaders.
Other central banks in Asia and Oceania have also cut rates due to growing worries about US tariffs as well as slowing inflation.
Source: NHK World
The Thai central bank has lowered its interest rate by a quarter percentage point in the face of US President Donald Trump's trade tariff measures.
The Bank of Thailand said on Wednesday it cut the rate to 2 percent in its first reduction in four months. Policymakers said the country's economy is subject to "heightened risk from trade policies of major economies," apparently with the US in mind.
They also projected slower economic growth, as Thai manufacturers, notably automotive and petrochemical makers, are facing intense competition from imported goods.
The Thai central bank had been cautious about rate cuts despite growing calls from political and business leaders.
Other central banks in Asia and Oceania have also cut rates due to growing worries about US tariffs as well as slowing inflation.
Source: NHK World
AB InBev, the world’s leading brewer whose portfolio includes Budweiser, Corona and Stella Artois, said revenue hit a record level in 2024 although beer volumes slid.
The Belgian-Brazilian firm posted a net profit of $1.77 billion for the year, up by six percent from 2023.
The company’s shares rose by more than six percent in morning trading in Brussels. Sales revenue increased by 2.7 per cent to $59.8 billion.
AB InBev, the world’s leading brewer whose portfolio includes Budweiser, Corona and Stella Artois, said revenue hit a record level in 2024 although beer volumes slid.
The Belgian-Brazilian firm posted a net profit of $1.77 billion for the year, up by six percent from 2023.
The company’s shares rose by more than six percent in morning trading in Brussels. Sales revenue increased by 2.7 per cent to $59.8 billion.
That came despite sales sliding 1.4 per cent by volume, with beer volumes down by 1.9 per cent. “While our overall volume performance this year was constrained by the soft consumer environments in China and Argentina, the global beer category remains vibrant with our volumes growing in the majority of our markets and by 0.9 per cent overall when excluding these two countries,” the company said in a statement. — AFP
Source: The Global New Light of Myanmar
AB InBev, the world’s leading brewer whose portfolio includes Budweiser, Corona and Stella Artois, said revenue hit a record level in 2024 although beer volumes slid.
The Belgian-Brazilian firm posted a net profit of $1.77 billion for the year, up by six percent from 2023.
The company’s shares rose by more than six percent in morning trading in Brussels. Sales revenue increased by 2.7 per cent to $59.8 billion.
That came despite sales sliding 1.4 per cent by volume, with beer volumes down by 1.9 per cent. “While our overall volume performance this year was constrained by the soft consumer environments in China and Argentina, the global beer category remains vibrant with our volumes growing in the majority of our markets and by 0.9 per cent overall when excluding these two countries,” the company said in a statement. — AFP
Source: The Global New Light of Myanmar
ELON Musk’s Department of Government Efficiency (DOGE) has sparked alarm by seeking access to a system with the US tax office that has detailed financial data about millions of Americans, US media reported.
Spearheaded by Musk, the world’s richest man, US President Donald Trump has embarked on a campaign to slash public spending deemed wasteful or contrary to his policies.
The Washington Post and others reported that the latest request is for DOGE officials to have broad access to Internal Revenue Service (IRS) systems, property and datasets.
ELON Musk’s Department of Government Efficiency (DOGE) has sparked alarm by seeking access to a system with the US tax office that has detailed financial data about millions of Americans, US media reported.
Spearheaded by Musk, the world’s richest man, US President Donald Trump has embarked on a campaign to slash public spending deemed wasteful or contrary to his policies.
The Washington Post and others reported that the latest request is for DOGE officials to have broad access to Internal Revenue Service (IRS) systems, property and datasets.
This includes the Integrated Data Retrieval System (IDRS), access to which is usually extremely limited and which offers “instantaneous visual access to certain taxpayer accounts”, according to the IRS.
As of Sunday evening, the request had not been granted, the reports said. But it has sparked alarm within the government and among privacy experts who say granting Musk access to private taxpayer data could be extraordinarily dangerous, according to ABC News. — AFP
Source: The Global New Light of Myanmar
ELON Musk’s Department of Government Efficiency (DOGE) has sparked alarm by seeking access to a system with the US tax office that has detailed financial data about millions of Americans, US media reported.
Spearheaded by Musk, the world’s richest man, US President Donald Trump has embarked on a campaign to slash public spending deemed wasteful or contrary to his policies.
The Washington Post and others reported that the latest request is for DOGE officials to have broad access to Internal Revenue Service (IRS) systems, property and datasets.
This includes the Integrated Data Retrieval System (IDRS), access to which is usually extremely limited and which offers “instantaneous visual access to certain taxpayer accounts”, according to the IRS.
As of Sunday evening, the request had not been granted, the reports said. But it has sparked alarm within the government and among privacy experts who say granting Musk access to private taxpayer data could be extraordinarily dangerous, according to ABC News. — AFP
Source: The Global New Light of Myanmar
CHINA is accelerating the market-oriented re form of its renewable power pricing system in a bid to build a new power system and promote the sustainable development of renewable energy generation.
The National Development and Reform Com mission (NDRC) and the National Energy Administration (NEA) recently issued a joint notice on deepening the pricing re form for electricity generated from renewable energy.
CHINA is accelerating the market-oriented re form of its renewable power pricing system in a bid to build a new power system and promote the sustainable development of renewable energy generation.
The National Development and Reform Com mission (NDRC) and the National Energy Administration (NEA) recently issued a joint notice on deepening the pricing re form for electricity generated from renewable energy.
The reform focuses on three key aspects: allowing market forces to determine renewable power pricing, establishing a pricing and settlement mechanism that supports the long-term sustainability, and adopting differentiated policies for existing and new pro jects.
“This new pricing policy will significantly accelerate the construction of a modern power system and ensure the sustainable development of renewable energy,” said Zhang Dayong, deputy secretary-general of the China Association for the Promotion of Indus trial Development.
Industry experts believe this reform is essential as China enters a new stage of renewable energy development.
China highly values the new energy sector, such as wind and solar power, rolling out an array of favourable pol icies spanning pricing, finance and industry. The supportive measures, including a fixed pricing mechanism, have led to exponential growth in re newable energy capacity.
At the end of 2024, the country’s total installed renewable power capacity reached 1.41 billion kilowatts, accounting for over 40 per cent of its total electricity capacity and surpassing coal-fired power installations.
Despite this rapid expansion, the existing fixed-pricing mechanism for renewable power has struggled to reflect real market supply and demand dynamics.
Conditions are now ripe to shift to market-based pricing, analysts said, citing falling power generation costs and an evolving market and predicting that the re form will enhance industry efficiency and ensure sustainable high-quality growth. — Xinhua
Source: The Global New Light of Myanmar
CHINA is accelerating the market-oriented re form of its renewable power pricing system in a bid to build a new power system and promote the sustainable development of renewable energy generation.
The National Development and Reform Com mission (NDRC) and the National Energy Administration (NEA) recently issued a joint notice on deepening the pricing re form for electricity generated from renewable energy.
The reform focuses on three key aspects: allowing market forces to determine renewable power pricing, establishing a pricing and settlement mechanism that supports the long-term sustainability, and adopting differentiated policies for existing and new pro jects.
“This new pricing policy will significantly accelerate the construction of a modern power system and ensure the sustainable development of renewable energy,” said Zhang Dayong, deputy secretary-general of the China Association for the Promotion of Indus trial Development.
Industry experts believe this reform is essential as China enters a new stage of renewable energy development.
China highly values the new energy sector, such as wind and solar power, rolling out an array of favourable pol icies spanning pricing, finance and industry. The supportive measures, including a fixed pricing mechanism, have led to exponential growth in re newable energy capacity.
At the end of 2024, the country’s total installed renewable power capacity reached 1.41 billion kilowatts, accounting for over 40 per cent of its total electricity capacity and surpassing coal-fired power installations.
Despite this rapid expansion, the existing fixed-pricing mechanism for renewable power has struggled to reflect real market supply and demand dynamics.
Conditions are now ripe to shift to market-based pricing, analysts said, citing falling power generation costs and an evolving market and predicting that the re form will enhance industry efficiency and ensure sustainable high-quality growth. — Xinhua
Source: The Global New Light of Myanmar
SAUDI Arabia’s pavilion at the 2025 World Exposition in Osaka will offer visitors a window into how the kingdom is evolving beyond oil dependency while preserving its cultural heritage, the country’s ambassador to Japan said.
“What’s exciting for Saudi Arabia is to have a comprehensive transformation that involves not just the economy, but culture, life, and the environment,” Saudi Ambassador Ghazi Binzagr, who also serves as commissioner general of his country’s Osaka expo exhibitions, said in a recent interview.
SAUDI Arabia’s pavilion at the 2025 World Exposition in Osaka will offer visitors a window into how the kingdom is evolving beyond oil dependency while preserving its cultural heritage, the country’s ambassador to Japan said.
“What’s exciting for Saudi Arabia is to have a comprehensive transformation that involves not just the economy, but culture, life, and the environment,” Saudi Ambassador Ghazi Binzagr, who also serves as commissioner general of his country’s Osaka expo exhibitions, said in a recent interview.
Designed by British architecture company Foster and Partners, the pavilion will highlight Saudi Arabia’s diverse landscape from green mountains to coral reefs, he added.
“What the visitor will experience is a taste of what it’s like to have a country in the middle of a transformation,” the ambassador said.
Saudi Arabia is one of around a dozen countries set ting up a so-called “Type A” self built pavilion, considered the highlight of the expo.
The pavilion’s structure embodies the country’s trans formation, featuring sustainable elements like solar panels along with cutting-edge technology, including artificial intelligence and virtual reality experiences, according to Saudi officials.
It draws on the architecture in the country’s traditional villages, designed to lead visitors through a forecourt planted with Saudi Arabian flora and narrow streets to the courtyard where performances and events will be held, according to Foster and Partners.
The structure’s cladding is made from lightweight Saudi stone and can be deconstructed and reassembled, or reconfigured, for use in a future location. — Kyodo
Source: The Global New Light of Myanmar
SAUDI Arabia’s pavilion at the 2025 World Exposition in Osaka will offer visitors a window into how the kingdom is evolving beyond oil dependency while preserving its cultural heritage, the country’s ambassador to Japan said.
“What’s exciting for Saudi Arabia is to have a comprehensive transformation that involves not just the economy, but culture, life, and the environment,” Saudi Ambassador Ghazi Binzagr, who also serves as commissioner general of his country’s Osaka expo exhibitions, said in a recent interview.
Designed by British architecture company Foster and Partners, the pavilion will highlight Saudi Arabia’s diverse landscape from green mountains to coral reefs, he added.
“What the visitor will experience is a taste of what it’s like to have a country in the middle of a transformation,” the ambassador said.
Saudi Arabia is one of around a dozen countries set ting up a so-called “Type A” self built pavilion, considered the highlight of the expo.
The pavilion’s structure embodies the country’s trans formation, featuring sustainable elements like solar panels along with cutting-edge technology, including artificial intelligence and virtual reality experiences, according to Saudi officials.
It draws on the architecture in the country’s traditional villages, designed to lead visitors through a forecourt planted with Saudi Arabian flora and narrow streets to the courtyard where performances and events will be held, according to Foster and Partners.
The structure’s cladding is made from lightweight Saudi stone and can be deconstructed and reassembled, or reconfigured, for use in a future location. — Kyodo
Source: The Global New Light of Myanmar
A severe egg shortage is gripping California and the western United States as a deadly avian flu outbreak continues to decimate poultry flocks, driving egg prices to record highs and forcing food businesses to adapt their operations.
The price for cage-free large white eggs reached US$8.65 per dozen in California when delivered wholesale, while organic brown eggs were sold at US$9.39 per dozen, said the US Department of Agriculture (USDA)’s Daily National Shell Egg Index Report on Friday.
A severe egg shortage is gripping California and the western United States as a deadly avian flu outbreak continues to decimate poultry flocks, driving egg prices to record highs and forcing food businesses to adapt their operations.
The price for cage-free large white eggs reached US$8.65 per dozen in California when delivered wholesale, while organic brown eggs were sold at US$9.39 per dozen, said the US Department of Agriculture (USDA)’s Daily National Shell Egg Index Report on Friday.
The report shows that egg prices in California have more than doubled since 2024.
Beth, a Bay Area resident who gave only her first name, shared her recent struggles with egg shopping. “I checked several grocery stores in my neighborhood, but eggs were either sold out or too expensive,” she told Xinhua on Friday.
A trip to a Costco store proved fruitless, with empty shelves greeting her as well. Store staff advised her to return early in the morning to improve her chances. — Xinhua
Source: The Global New Light of Myanmar
A severe egg shortage is gripping California and the western United States as a deadly avian flu outbreak continues to decimate poultry flocks, driving egg prices to record highs and forcing food businesses to adapt their operations.
The price for cage-free large white eggs reached US$8.65 per dozen in California when delivered wholesale, while organic brown eggs were sold at US$9.39 per dozen, said the US Department of Agriculture (USDA)’s Daily National Shell Egg Index Report on Friday.
The report shows that egg prices in California have more than doubled since 2024.
Beth, a Bay Area resident who gave only her first name, shared her recent struggles with egg shopping. “I checked several grocery stores in my neighborhood, but eggs were either sold out or too expensive,” she told Xinhua on Friday.
A trip to a Costco store proved fruitless, with empty shelves greeting her as well. Store staff advised her to return early in the morning to improve her chances. — Xinhua
Source: The Global New Light of Myanmar
The currency swap arrangement will enhance financial cooperation, promote trade, investment, and stabilize financial markets. THE People’s Bank of Chi na (PBOC), the country’s central bank, has renewed a bilateral currency swap agreement with the Bank Indonesia.
The total value of the agreement is 400 billion yuan (about US$ 55.79 billion), or 878 trillion Indonesian rupiah, the PBOC said in a statement on its website.
The currency swap arrangement will enhance financial cooperation, promote trade, investment, and stabilize financial markets. THE People’s Bank of Chi na (PBOC), the country’s central bank, has renewed a bilateral currency swap agreement with the Bank Indonesia.
The total value of the agreement is 400 billion yuan (about US$ 55.79 billion), or 878 trillion Indonesian rupiah, the PBOC said in a statement on its website.
The agreement is valid for five years and can be renewed upon mutual consent, according to the statement. The currency swap arrangement will strengthen financial cooperation between China and Indonesia, promote and facilitate bilateral trade and investment, and safeguard the stability of the financial markets, the statement added. — Xinhua
Source: The Global New Light of Myanmar
The currency swap arrangement will enhance financial cooperation, promote trade, investment, and stabilize financial markets. THE People’s Bank of Chi na (PBOC), the country’s central bank, has renewed a bilateral currency swap agreement with the Bank Indonesia.
The total value of the agreement is 400 billion yuan (about US$ 55.79 billion), or 878 trillion Indonesian rupiah, the PBOC said in a statement on its website.
The agreement is valid for five years and can be renewed upon mutual consent, according to the statement. The currency swap arrangement will strengthen financial cooperation between China and Indonesia, promote and facilitate bilateral trade and investment, and safeguard the stability of the financial markets, the statement added. — Xinhua
Source: The Global New Light of Myanmar
OTTAWA will file a World Trade Organization claim against US President Donald Trump’s tariffs and also seek redress under a regional free trade deal, a Canadian official said Sunday.
“The Canadian government clearly considers these tariffs to be a violation of trade commitments that the United States has taken,” the official, speaking on condition of anonymity, told a briefing.
After weeks of threats, Trump on Saturday signed off on 25 per cent tariffs on all Canadian imports except energy resources, which will be hit with a 10 per cent levy.
OTTAWA will file a World Trade Organization claim against US President Donald Trump’s tariffs and also seek redress under a regional free trade deal, a Canadian official said Sunday.
“The Canadian government clearly considers these tariffs to be a violation of trade commitments that the United States has taken,” the official, speaking on condition of anonymity, told a briefing.
After weeks of threats, Trump on Saturday signed off on 25 per cent tariffs on all Canadian imports except energy resources, which will be hit with a 10 per cent levy.
“We will obviously pursue the legal recourse that we believe we have through the agreements that we share with the United States,” the official said, citing the WTO and US-Mexico-Canada agreement (CUSMA) that Trump himself signed in 2018.
A review of the pact, which a Canadian official called a “gold standard agreement”, was due to be held next year.
Ottawa also unveiled on Sunday a list of 1,256 American goods it plans to target in a first round of counter tariffs worth Can$30 billion starting on Tuesday.
The list includes cosmetics, appliances, tires, tools, plastics, furniture, coffee, wines and spirits, dairy and fruits. Officials said the Canadian tariffs do not target specifically Republican states, but aim to put pressure on lawmakers with influence over Trump, who are more likely to be Republicans.
A second round of counter tariffs could be announced in the coming weeks, when total amount of the products targeted would rise to Can$155 billion (US$106 billion).
“Our hope is that the actions we have taken already will be sufficient to persuade the United States that it has gone down the wrong path and that they will reach out to work with us on how to get back to a more normal state,” an official said. — AFP
Source: The Global New Light of Myanmar
OTTAWA will file a World Trade Organization claim against US President Donald Trump’s tariffs and also seek redress under a regional free trade deal, a Canadian official said Sunday.
“The Canadian government clearly considers these tariffs to be a violation of trade commitments that the United States has taken,” the official, speaking on condition of anonymity, told a briefing.
After weeks of threats, Trump on Saturday signed off on 25 per cent tariffs on all Canadian imports except energy resources, which will be hit with a 10 per cent levy.
“We will obviously pursue the legal recourse that we believe we have through the agreements that we share with the United States,” the official said, citing the WTO and US-Mexico-Canada agreement (CUSMA) that Trump himself signed in 2018.
A review of the pact, which a Canadian official called a “gold standard agreement”, was due to be held next year.
Ottawa also unveiled on Sunday a list of 1,256 American goods it plans to target in a first round of counter tariffs worth Can$30 billion starting on Tuesday.
The list includes cosmetics, appliances, tires, tools, plastics, furniture, coffee, wines and spirits, dairy and fruits. Officials said the Canadian tariffs do not target specifically Republican states, but aim to put pressure on lawmakers with influence over Trump, who are more likely to be Republicans.
A second round of counter tariffs could be announced in the coming weeks, when total amount of the products targeted would rise to Can$155 billion (US$106 billion).
“Our hope is that the actions we have taken already will be sufficient to persuade the United States that it has gone down the wrong path and that they will reach out to work with us on how to get back to a more normal state,” an official said. — AFP
Source: The Global New Light of Myanmar