-
SpaceX confirms no plans to leave Taiwan, ministry says
SpaceX will not relocate from Taiwan, the Ministry of Economic Affairs confirmed, dispelling rumors. Taiwan remains vital in the global supply chain, especially in semiconductors.
2024/11/11 10:00
-
Foreign minister to discuss U.S. election impact
Taiwan’s Ministry of Foreign Affairs reports progress in Taiwan-U.S. relations during Trump’s first term, highlighting institutionalized cooperation and military aid.
2024/11/07 09:52
-
Green energy to power TSMC by 2030, minister announces
Taiwan’s Economic Minister J. W. Kuo pledges to cut energy prices by 2030, focusing on green energy for major users like TSMC. Learn about Taiwan’s energy plans.
2024/11/06 14:21
-
Premier Cho vows to stabilize household electricity prices
Premier Cho Jung-tai pledges to stabilize electricity prices in Taiwan amid rising costs. Legislator Huang Shan-shan questions a NT$200 billion subsidy for Taiwan Power.
2024/10/29 15:15
-
Taichung councilors oppose 15% industrial electricity hike
Taichung City councilors criticize a 15% industrial electricity rate hike, warning it burdens small businesses and citizens. The Ministry of Economic Affairs’ decision sparks local concern.
2024/10/28 13:59
-
Taiwan considers shift in nuclear energy policy
Taiwan’s Ministry of Economic Affairs reaffirms its nuclear power stance, focusing on safety and waste management. Premier Cho hints at openness to new nuclear tech.
2024/10/21 14:31
-
Taiwan Railway to adopt energy-saving measures
Transportation Minister Chen Shih-kai announced plans to work with the Ministry of Economic Affairs to help Taiwan Railway implement energy-saving measures. This aims to offset increased costs from new electricity rates effective Oct. 16. A fare adjustment proposal is expected on Oct. 22.
2024/10/07 20:00
-
Gogoro thanks IDA for clearing compliance concerns
Gogoro thanks Taiwan’s IDA for confirming compliance with production rules. The company apologizes for oversight, offers free inspections, and extends warranties to affected owners.
2024/10/01 17:31
-
Taiwan to ensure electricity for AI growth by 2030
Premier Cho Jung-tai assures Taiwan will have sufficient electricity for AI development by 2030, with a NT$36 billion investment from 2025 to 2029. Shalun in Tainan will lead as the AI hub.
2024/10/01 14:14
-
Taiwan convenience stores hit record NT$412B revenue in 2023
Taiwan’s convenience stores, known for their 24-hour operations and diverse services, continue to thrive. With 13,706 stores by Dec. 2023, they rank second in density globally.
2024/09/24 15:47
-
Taiwan approves TSMC’s US$7.5 billion investments
Taiwan’s Ministry of Economic Affairs approved TSMC’s $7.5 billion investment in its Arizona plant, boosting semiconductor production. Other major investments include Wiwynn, Orsted, Hon Hai, and Primax.
2024/09/24 10:00
-
MOEA delegation to seek resolution with EU on wind power
Discover how Taiwan’s Ministry of Economic Affairs plans to address EU concerns over its wind power policy, aiming for WTO compliance and green energy development.
2024/08/26 11:20
-
Premier urges support for Taiwan’s power development
Discover how Taiwan’s Premier Cho Jung-tai advocates for public support in power development to enter the high-tech era and enhance life quality, amid investment interests from AMD and NVIDIA.
2024/06/28 10:27
-
Taipei envoy denies misuse of public funds
Discover the truth behind allegations of public funds misuse by Alexander Tah-ray Yui, as he defends himself and the Ministry of Foreign Affairs clarifies purchases.
2024/06/26 08:58
-
China to suspend tariff benefits for 134 Taiwanese products
Discover the latest on China’s suspension of preferential tariff rates for 134 Taiwanese products starting June 15, escalating cross-strait tensions. Learn about the economic and political implications of this significant shift.
2024/05/31 13:03
-
New and retained faces in Taiwan’s latest cabinet update
Discover the latest updates on Taiwan’s new cabinet under President-elect Tsai Ing-wen and designated Premier Cho Jung-tai, including the retention of key deputy ministers across various ministries such as Finance, Economic Affairs, Culture, Environmental Protection, Labor, and the Digital Ministry, aiming to strengthen national policies and digital resilience.
2024/05/06 17:29
-
Taiwan announces 665 job openings in state-owned enterprises
Taiwan’s Ministry of Economic Affairs announces recruitment for 665 positions across Taiwan Power Company, CPC Corporation, Taiwan Sugar Corporation, and Taiwan Water Corporation, with starting salaries of NT$41,000 to NT$42,000. Examination details for roles in 23 categories, including electrical engineering and business management, to be released online, offering a path to salary growth for top performers.
2024/04/12 11:02
-
Lai Ching-te to boost economy with industry exchanges
President-elect Lai Ching-te plans to boost Taiwan’s industrial development by engaging with key industries like machine tools and machinery. He aims to collaborate with the Ministry of Economic Affairs to promote economic growth post-inauguration. Lai has already visited various industries and emphasized the importance of the machinery sector in Taiwan’s economy.
2024/04/02 17:07
-
Taiwan’s political parties clash over power costs
DPP Legislator Rosalia Wu questions Legislative Yuan’s responsibility in case of Taipower collapse, prioritizing people’s livelihoods. KMT and TPP propose freezing electricity price hikes amidst Ministry of Economic Affairs’ decision to increase prices by 11% on April 1. DPP counters with cross-party negotiation pullback to address unreasonable proposals.
2024/03/29 12:13
-
Taiwan’s MOEA to monitor electricity price changes
Stay updated on Taiwan’s economic landscape with the latest news from Minister of Economic Affairs Wang Mei-hua. Discover insights on electricity price fluctuations and their impact on domestic issues, as well as the government’s strategies to address losses incurred by Taiwan Power Company. Explore the projections for economic growth and inflation rates amidst industry recovery and upcoming events.
2024/03/01 15:56
-
Taiwan monitors Tuvalu elections amid diplomatic tensions
Taiwan’s Ministry of Foreign Affairs (MOFA) will closely monitor developments in Tuvalu post-election, as most elected officials have established frequent interactions and friendly stances with Taiwan, ensuring solid diplomatic ties. MOFA condemns China’s attempt to influence the election by buying off local media in Tuvalu. The loss of Tuvalu’s pro-Taiwan Prime Minister has sparked speculation about a potential shift in foreign policy and diplomatic alliance with Beijing. However, MOFA notes that the majority of elected Tuvalu officials maintain good relations with Taiwan and support upholding the amicable relations between the two countries. MOFA urges the international community to pay attention and counter autocratic dictatorial countries that manipulate elections in democratic states. This development reflects the ongoing competition between China and Taiwan for diplomatic allegiances in the Pacific region, with countries sometimes switching allegiances for economic or political support.
2024/01/30 17:44
-
Taipei official rebukes China’s election meddling in letter
Taiwan’s Director-General in Boston, Charles Liao, responds to China’s interference in Taiwan’s elections with military threats and economic bullying. Liao highlights Taiwan’s commitment to democracy and refusal to bow to Chinese pressure. The U.S. State Department, Japan’s Ministry of Foreign Affairs, and the European Union’s European External Action Service congratulate elected officials Lai Ching-te and Hsiao Bi-khim. Despite China’s attempts at interference through disinformation, military intimidation, and economic threats, Taiwanese voters remain resilient in their pursuit of democracy and freedom. Liao’s response is prompted by a Boston Globe article suggesting that the U.S. should prioritize Taiwan as a democratic partner.
2024/01/30 16:36
-
Taiwan’s MOEA to aid Taipower’s budget crisis
The Minister of Economic Affairs, Wang Mei-hua, plans to help Taiwan Power Company (Taipower) seek budgetary support from the Executive Yuan to alleviate its financial distress. Taipower reached out to the Ministry of Economic Affairs (MOEA) for assistance, citing escalating international fuel prices caused by the Russia-Ukraine war. Other global power companies, such as Korea Electric Power Corporation (KEPCO), Tokyo Electric Power Company (TEPCO), and Électricité de France (EDF), have already experienced significant price hikes. Taipower’s rates are relatively low compared to the cost of power generation, resulting in policy-driven losses. As of 2023, Taipower has accumulated losses of NT$382.6 billion due to absorbing price increases to protect Taiwan from global inflation. The MOEA disclosed that Taipower and the CPC Corporation have discrepancies in predicting natural gas prices, leading Taipower to observe international coal prices for cost estimates in 2024. While mitigating Taipower’s financial woes in the short term poses challenges, Wang aims to prevent further losses. The MOEA will assist Taipower in lobbying the government for budget support once financial situation estimates are finalized. The decision to adjust electricity prices will be made by the Electricity Price Review Committee.
2024/01/23 13:09
-
Taiwan’s allies voice support as China ramps up intimidation
China’s military intimidation of Taiwan ahead of the presidential election has been warned by the Ministry of Foreign Affairs (MOFA). A joint statement by the US Assistant Secretary of State for East Asian and Pacific Affairs, Daniel Kritenbrink, Japanese Deputy Minister and Director-General, Kobe Yasuhiro, and Republic of Korea Deputy Minister, Chung Byung-won, expressed support for Taiwan during a three-way dialogue in Washington. China’s recent military threats towards Taiwan, including deploying balloons across the Taiwan strait, violating airspace, and suspending parts of the Economic Cooperation Framework Agreement (ECFA), have raised concerns among the international community. MOFA has raised suspicions of attempts to influence the election and emphasized Taiwan’s commitment to cooperation with the US, Japan, and South Korea to promote peace, stability, and prosperity in the Indo-Pacific region.
2024/01/07 14:56
-
MOEA counters Jaw’s remarks amidst Taiwan’s investment surge
KMT vice-presidential candidate Jaw Shaw-kong claimed that he invited Taylor Swift to perform in Taiwan in 2023, but she declined due to concerns over the island’s geopolitical risks. Jaw warned that without a peaceful environment, investors would be discouraged from investing in Taiwan, potentially hindering the modernization and progress of businesses. He criticized the DPP for escalating tensions across the Taiwan Strait and believed that the U.S.’s harsh rhetoric and threats could deter potential investors. However, Taiwan’s Ministry of Economic Affairs disputed these claims, stating that foreign investment in Taiwan reached US$10.7 billion by November 2023, the second-highest rate in 15 years. The MOEA emphasized that "war risk" did not deter foreign capital, citing major semiconductor companies and AI companies that have recently invested significantly in Taiwan. With the general elections approaching, the MOEA urged Jaw not to damage Taiwan’s reputation for political gain.
2024/01/02 12:32