Taiwan price increase 結果共27筆

Explore the potential fare increase for Taiwan Railway Corporation as Deputy Minister Allen Hu announces a comprehensive review to adjust ticket prices after 29 years, amidst discussions on improving train punctuality and addressing the TRC’s financial sustainability.

Taiwan’s DGBAS reports a 4.47% year-on-year increase in medical costs for March, the highest in 18 years, due to the New Health Insurance Co-payment System. The March CPI showed a 2.14% year-on-year increase, with dining-out costs and essential commodity prices decreasing slightly. However, inflationary pressures persist in services like medical costs and rent.

Explore how Taiwan’s core inflation cycle has dramatically shortened from an average of 17.19 months to just under 8 months over recent years, leading to a significant shift in public perception towards inflation. This change is attributed to various factors, including the pandemic, geopolitical risks, and climate change, affecting the country’s inflation trend and resulting in a discrepancy between public feeling and official statistics.

Stay informed about the latest developments in Taiwan as electricity prices, lunch box prices, Taipei Zoo admission tickets, and license taxes are set to increase starting April 1. Make sure to plan ahead for these changes to your monthly expenses.

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.

Discover how Fubon Financial Holding Chair Daniel Tsai predicts a rise in commodity prices following an electricity price increase in Taiwan. Gain insights from industry leaders like Tung Tzu-hsien of Pegatron Corp on the impact of electricity costs on manufacturing and services sectors, and the necessity of reducing government subsidies. Stay informed on economic growth projections and the interplay between electricity prices and overall market dynamics.

Taiwan’s Minister of Economic Affairs, Wang Mei-hua, addresses concerns over potential water and electricity price hikes. Wang assures no immediate plans for water price increases and remains cautious on addressing the issue. Legislators advocate against compounding effects of electricity rate hikes and warn of potential inflation spikes. Discussions continue on balancing household electricity costs and industry consumption subsidies.

Taiwan’s Minister of Economic Affairs Wang Mei-hua discusses ongoing discussions of the Electricity Pricing Working Group and potential budgetary subsidies amid pressure for an electricity price increase in April. The government seeks to balance the needs of citizens and enterprises as it navigates potential adjustments to electricity prices. Stay tuned for further updates on the final subsidy and price adjustment plan.

Amid inflationary pressures, Taiwan plans to raise electricity prices, impacting daily life and industry, especially high-energy-consuming businesses like hot pot restaurants. The increase, projected to be across-the-board, could lead to higher operating costs and consumer prices. Taiwan Power Company faces substantial losses, with a potential 20% price surge predicted to affect economic growth and consumer prices. Some workers see the adjustment as a step towards sustainable energy development, encouraging energy-saving and emission-reduction industries.

Taiwan Semiconductor Manufacturing Company (TSMC) stock price hits record high, pushing market value beyond NT$20 trillion. TSMC’s surge driven by factors like NVIDIA shares increase and Fed Chair Powell’s optimistic outlook. Taiwan Stock Exchange (TWSE) also reaches record high of 20,065.5 points.

LINE Pay, a mobile payment provider, had a successful over-the-counter market debut in Taipei, with shares soaring 195% from the listing price of NT＄348 to a record high of NT＄1030. The company’s financial documents reveal a capital of NT＄600 million and earnings per share of NT＄8.04 in 2022. LINE Pay’s revenue for 2022 reached NT＄3.62 billion, demonstrating consistent growth over the past four years. With over 500,000 payment locations and more than 7 million active users out of 12 million customers in Taiwan, LINE Pay predicts that its revenue will increase to NT＄4.78 billion in 2023. Notably, nearly half of the population in Taiwan are LINE Pay users. In terms of revenue share in 2023, transaction fee income accounted for 83%, financial promotion collaborations for 12%, and marketing product sales for 5%, according to LINE Pay’s statement.

Taiwan’s Executive Yuan spokesman, Lin Tzu-lun, announced that the Consumer Price Index (CPI) rose by 2.71% in December 2023. Due to the CPI surpassing the legal threshold for two consecutive years, the government supports increasing stipends for retired military, civil, and education personnel by at least 4%. Fixed pension benefits for these individuals will be adjusted to account for inflation. The Executive Yuan has allocated NT$4.4 billion in the 2024 central government budget as a reserve fund for price fluctuations. The necessary adjustment mechanisms have been initiated, with a specialized assessment panel deliberating on the rate adjustment. The government aims to complete the related processes and backtrace the adjustments to January 1, 2024, to ensure the living standards of retired personnel.

Taiwan Semiconductor Manufacturing Co. (TSMC) leads Taiwan’s stock market with expectations of over 20% annual revenue increase. TSMC’s stock price stabilizes, opening at NT$580, raising market capitalization to NT$15.03 trillion. In contrast, major U.S. indices closed negatively on Wednesday. TSMC’s American Depositary Shares (ADR) decreased by 1.34%, closing at $100.17.

50 Lan, a renowned tea beverage chain in Taipei, is set to raise its prices in 2024 due to increased operational and sales costs. Influenced by ingredient costs and labor shortages, the hike marks a potential trend in Taiwan’s popular hand-shake beverage market.

The Taiwan Higher Education Union (THEU) has criticized the government for playing a false game with wage increases. While civil servants, including military and education personnel, are set to receive a 4 percent pay increase next year, over 21,000 technical and administrative staff at universities, about 70 percent, remain unsure of their raises. This uncertain group includes employees at private universities. The THEU believes that the government should not leave salaries of non-certified staff to the discretion of universities, as it causes division and lowers morale. Only around 9,000 public employees out of the approximately 31,000 full-time staff members at universities and colleges are certain about their pay rise next year. The THEU is concerned that the hardships of grassroots workers in tertiary education institutions are being overlooked amidst the upcoming presidential elections. They urge that national wage increases should apply to all university staff, with appropriate subsidies provided.

Taipei 101 has maintained its position as the highest-valued land in Taipei for the 11th consecutive year, with an estimated value of NT＄2,001,000 per square meter. This equates to approximately NT＄6.615 million per ping, a traditional Taiwanese unit of area. Cathay Landmark Plaza follows closely behind, achieving record-high office rental prices and a land value of NT＄1,920,000 per square meter or roughly NT$63.47 million per ping. Shin Kong Life Tower, another prominent structure in Taipei’s skyline, claims the third-highest land price at NT＄1,904,000 per square meter, equivalent to about NT$62.94 million per ping. Land values in Taipei have been steadily rising for six years, although the rate of increase in 2023 appears to be slowing down. Taipei’s property value growth is considered the most stable among Taiwan’s six special municipalities, with a yearly increase of 1.37% in housing prices and a 0.48% rise in the land price index, according to the Ministry of the Interior’s latest housing price index.

The Taiwan Railway Administration (TRA) is considering a potential fare increase, with a plan to review the proposal in the first quarter of next year and a possible implementation in the latter half of the year if approved. The decision on fare adjustments will be made by the board of directors of the newly formed TRA company, which will be established on January 1. The board will determine the necessity, method, and extent of any price changes before submitting their proposal to the Ministry of Transport and Communications (MOTC). Despite submitting several versions of fare increase proposals to the MOTC earlier this year, substantive discussions have not yet taken place. MOTC Minister Wang Kwo-tsai supports respecting the independent decisions of the company’s board of directors regarding fare adjustments. The transition to a company structure will decrease the direct impact of fare adjustments on TRA’s operations, and any losses incurred due to policy factors will be subsidized by the government under the provisions of corporatization. Former MOTC Minister Tan Ho-chen also supports increasing TRA’s ticket prices, arguing that it will help the railway understand its genuine operational costs and develop effective pricing strategies.

Taiwan’s central bank has announced that it will maintain its interest rate for the third consecutive time in its quarterly board meeting. The decision was influenced by price changes and the need to balance stabilizing consumer prices with sustaining economic growth. Despite rising consumer prices due to natural disasters, the central bank remains optimistic and expects the inflation rate to drop below 2% next year. Forecasts for Taiwan’s GDP growth rate in 2023 are more positive, projected to reach 3.12%. This is supported by increasing private consumption, particularly in tourism and dining, as well as the central bank’s expectation of a global export increase to stimulate local investment and drive economic recovery. In contrast to the Federal Reserve in the U.S., Taiwan’s central bank stated that its monetary policy approach would be adjusted gradually based on the country’s economic conditions. Despite high housing prices, the central bank has decided against imposing stricter measures or withdrawing from market intervention to avoid further impact on the property market.

Discover America Committee in Taiwan President Brenda Tang revealed that the U.S. travel market from Taiwan has rebounded to 84% of pre-pandemic levels, according to data from the Tourism Administration. Taiwanese travelers heading to the United States surged by 185% from January to October this year, reaching 396,913, as reported by the National Travel and Tourism Office. Flights to the U.S. during the peak summer season had load factors of over 90%, while the off-peak months of September and October maintained load factors of at least 85%. China Airlines and EVA Airways have nearly returned to pre-pandemic flight levels, and Starlux Airlines is set to launch its San Francisco route. United Airlines plans to double its Taipei to San Francisco flights, and Delta Air Lines is preparing to commence a Taipei to Seattle route. Tour package prices to the U.S. for the first quarter of next year and the Lunar New Year peak season are expected to increase by no more than 25%, offering travelers some price assurance amid growing demand.

The Federation of Taiwan Pharmacists Associations (FTPA) has implemented monitoring of drug purchase patterns, specifically focusing on individuals buying 10 to 20 boxes of cold and cough medicine in one visit. These purchases must now be reported. The FTPA has received reports of bulk purchases by spouses from China and Taiwanese businesspeople, who claim these medications can be sold for a higher price in China. The FTPA emphasizes that medications should not be sold without a prescription and any violations will be reported to authorities. Additionally, there has been a growing trend of spouses from China taking chronic disease medications back to their home country, despite the prohibition of private sale. This development coincides with China’s respiratory disease outbreaks, particularly with an increase in mycoplasma cases.

Taiwan People’s Party (TPP) legislator Lai Hsiang-ling has called for the inclusion of a formula in the Minimum Wage Act to guarantee that wage adjustments are not lower than the inflation rate. Meanwhile, New Power Party legislator Chiu Hsien-chih has demanded that representatives from the Ministry of Labor (MOL) be involved in the wage deliberation committee and that evaluation reports be made public before meetings. Lai has expressed concern about the lack of changes in the current draft of the Minimum Wage Act and the limited number of academic representatives on the committee. She has proposed increasing the number of labor representatives and considering factors such as the consumer price index annual increase rate, previous year levels, rent, and employment dependency ratios in annual wage adjustments. Lai has also suggested barring non-compliant small and medium-sized enterprises (SMEs) from participating in government tenders.

Taiwan faces a 4.5% increase in domestic flight ticket prices due to a surge in global oil prices, resulting in an average additional cost of NT＄95 per ticket. Kinmen residents, who frequently travel to and from Taiwan, are particularly affected, with Mandarin Airlines’ Taipei to Kinmen route experiencing a one-way fare increase of 7.4%, equivalent to NT＄182. This price rise will also impact tourists planning to fly domestically during the New Year’s holiday, making air travel more expensive. As a result, authorities expect a significant increase in road traffic during the New Year’s Eve celebrations. To alleviate transportation challenges during the festive season, Taiwan will implement toll-free periods on freeways from midnight to 5 a.m. The Taiwan Railways Administration and Taiwan High-Speed Rail (THSR) will also increase service frequencies to accommodate the expected passenger volume. THSR has added 105 services and will continue to offer discounts for college students and early bird promotions. Taiwan Railways has scheduled 116 extra trains, anticipating a potential peak of over 800,000 passengers in a single day. However, ticket sales for child-friendly carriages have been temporarily suspended. Additional train services during the New Year transportation period will be available for purchase starting from midnight on December 1, aiming to alleviate travel congestion during the holidays.

Taiwan Semiconductor Manufacturing Company (TSMC) predicts a surge in artificial intelligence (AI) orders in the coming year, with October’s revenue reaching NT$243.203 billion ($8.6 billion), a 34.8 percent monthly increase and a 15.7 percent annual increase. TSMC’s stock price has also been on a steady rise, accumulating a growth of 7.5 percent since November. Morgan Stanley semiconductor research analyst Charlie Chan attributes TSMC’s revenue growth to signs of recovery and the robust demand for AI semiconductors worldwide. NVIDIA’s expanded order to TSMC, along with increased demand from clients like Apple and Advanced Micro Devices (AMD), has led TSMC to accelerate the enhancement of its advanced packaging technology, Chip on Wafer on Substrate (CoWoS). CoWoS enables TSMC to effectively reduce costs and trim electric consumption by packaging chiplets on a silicon interposer and placing them on a package substrate. However, TSMC’s current CoWoS capacity remains a bottleneck for NVIDIA’s AI GPU chips, though the company forecasts a rebound in productivity by the end of 2024 to meet customer demand.

On Wednesday (Sept. 6), the Taipei Zoo confirmed a decision to increase ticket prices. This marks the first ticket price increase for Taipei Zoo in 26 years.

Taiwan Tobacco and Liquor Corporation (TTL) raises prices for Taiwan Beer and cigarettes due to escalating expenses. Retail prices for Taiwan Beer products increase by NT$5 per can/bottle. Cigarette prices surge by NT＄5 to NT＄10 per pack. Get insights into this pricing adjustment.