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  • MOFA upholds TFD’s autonomy amid meeting controversy

    The Ministry of Foreign Affairs (MOFA) emphasizes respect for the Taiwan Foundation for Democracy’s (TFD) independent operation mechanism. Updates on the TFD board meeting and related controversies.
    2024/04/02 14:31
  • Taiwan’s inflation rate projected to drop to 2%

    Central Bank Governor Yang Chin-long predicts Taiwan’s inflation rate to drop to around 2% in 2024 due to expected international oil price decreases and modest service price increases. The Central Bank’s upcoming board meeting is anticipated to maintain the re-discount rate at 1.875%. Yang cites declining inflation rates and negative output gaps as key factors influencing the decision. Geopolitical conflicts and weather conditions pose uncertainties to Taiwan’s inflation trends.
    2024/03/14 14:33
  • Taiwan to revamp hospital evaluation after 20 years

    Taiwan’s Health and Welfare Minister, Hsueh Jui-yuan, has announced that a major overhaul of hospital evaluation standards is underway, with the possibility of abolishing limits on the number of medical centers. This has sparked discussions and concerns about the reliability of hospital assessments, particularly after rumors circulated that Taipei Tzu Chi Hospital may replace Taipei Municipal Wanfang Hospital as a frontrunner in the northern region’s medical center. Minister Hsueh assured that the core concepts of tiered medical treatment will remain unchanged, and this year’s evaluation plans will not be affected. However, he acknowledged that the evaluation standards for medical centers, which have not been updated in over 20 years, need to be reviewed. The Minister highlighted the need to amend criteria that have become outdated, such as the mandatory inclusion of an Institutional Review Board (IRB), which is now a standard practice in all hospitals. The new evaluation standards will be announced publicly after a meeting, and medical centers willing to participate will undergo a trial evaluation. A draft of the updated standards is expected to be implemented within two years, in time for the next evaluation round in three years.
    2024/01/26 14:16
  • Chunghwa Express to discuss bonuses amid labor disputes

    Chunghwa Express Co. is set to discuss performance bonuses and collective agreements at an upcoming board meeting in an effort to resolve ongoing labor disputes and prevent potential strikes. The company’s union has warned of continued protests and strikes if a collective agreement is not signed, following a dispute over low wages and performance bonuses. Union members recently staged a sit-in protest at the campaign headquarters of a presidential candidate, leading to their forcible removal by riot police. The union hopes that a collective agreement can be reached promptly to protect employee rights, but has declared that it will not accept the board’s consideration of annual performance bonuses alone. If no resolution is reached, strike actions could disrupt check and document distribution at 1,400 local bank branches ahead of the Lunar New Year.
    2023/12/28 09:06
  • CHEX board to discuss worker bonuses amid union tensions

    Tensions between management and unionized workers at Chunghwa Express (CHEX) continue as the company’s chairman announces a board meeting to address the issue of performance bonuses. The employees’ union, which has organized industrial actions over wages and bonuses, has been engaged in negotiations for over a year with no consensus reached. The union claims that negotiations have made no progress and is preparing for a strike vote. The union is urging the government to take the issues seriously and address the grievances of grassroots workers.
    2023/12/20 19:30
  • TSMC CEO C.C. Wei nominated as next chair

    The Taiwan Semiconductor Manufacturing Company (TSMC) has announced that its current CEO, C.C. Wei, is set to be nominated as the next chairman in the June 2024 board election. This comes after the current chairman, Mark Liu, revealed that he will not seek re-nomination and plans to retire after next year’s shareholder meeting. Liu, who joined TSMC in 1993, became chairman in June 2018 following the retirement of company founder Morris Chang. He expressed his desire to continue making a difference in the semiconductor industry using his decades of experience while also spending more time with his family. Despite varied opinions on Liu’s retirement, there is a consensus that TSMC’s stable corporate governance is unlikely to be affected in terms of operations and stock performance.
    2023/12/20 10:45
  • TSMC Chairman Mark Liu to step down after shareholder meet

    Mark Liu, Chairman of Taiwan Semiconductor Manufacturing Company (TSMC), will step down after the next shareholders’ meeting. C.C. Wei, currently the vice chairman, has been recommended to succeed Liu as the new chairman. Liu, who took over in 2018, focused on solidifying corporate governance and competitiveness during his tenure. He plans to continue contributing his semiconductor expertise in different capacities after retirement. Liu expresses gratitude for his collaboration with TSMC and intends to spend more time with his family. He remains confident in TSMC’s future performance and is committed to bolstering corporate governance until his term’s end.
    2023/12/19 22:03
  • Taiwan Central Bank holds interest rate steady for 3rd time

    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.
    2023/12/15 16:31
  • President Tsai, Premier Chen unite to propel net-zero agenda

    President Tsai Ing-wen and Premier Chen Chien-jen encouraged large enterprises business leaders to be the bellwether to embrace low-carbon supply chains in the 30th Asia Taiwanese Chambers of Commerce board meeting on Thursday (July 20).
    2023/07/20 16:11
  • Taiwan orders 16 Boeing planes for NT$139.8 billion

    Although international travel is still not back to normal, China Airlines called for a meeting with its Board of Directors. They passed a decision to purchase 16 Boeing 787-9 passenger planes, with an estimated price tag of NT$139.8 billion. The move has raised much speculation about whether it has to do with the recent U.S. delegations’ visits to Taiwan.
    2022/09/23 14:22
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