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  • Taiwan develops new drone defense system

    Discover the latest developments in Taiwan’s defense technology as the National Chung-Shan Institute of Science and Technology successfully tests a new stationary drone defense system. Amidst budget freezes and legislative scrutiny, the system’s future hangs in the balance, with calls for transparency and detailed operational status from the military. Explore the intricate debate over national security and budget allocations in Taiwan’s legislative chambers.
    18小時前
  • Kaohsiung to host global hub for Austronesian cultures

    Discover the future National Museum of Indigenous Peoples in Kaohsiung, Taiwan, set to become a global center for Austronesian cultures. With a NT$5.8 billion budget, it aims to connect Taiwan with Austronesian-speaking communities, promote indigenous culture, and foster international cooperation. Located near Chengcing Lake and accessible by the future MRT Yellow Line, the museum will feature indigenous artifacts, ecological education, and serve as a hub for multiculturalism and leisure tourism.
    2024/05/06 17:42
  • Taiwan and US address delays in US$19 billion arms sales

    Explore the concerns over delayed U.S. arms sales to Taiwan, highlighting the establishment of a "Tiger team" to address delivery issues, discussions in the U.S. House Armed Services Committee, and the involvement of Taiwan’s National Security Council Secretary-General Wellington Koo in military matters.
    2024/05/06 17:34
  • Taipower to receive NT$100B subsidy amid financial crisis

    The Executive Yuan of Taiwan approves an additional NT$100 billion budget for 2024 to support Taipower in offsetting electricity costs, addressing the company’s financial challenges and the impact of global events on fuel prices. The proposal, aimed at reducing Taipower’s projected deficit, now awaits Legislative Yuan review.
    2024/05/03 17:30
  • Taiwan invests NT$20B in TPASS to boost public transport

    Explore Taiwan’s commitment to enhancing public transportation with the TPASS monthly ticket policy, backed by a NT$20 billion investment from 2023 to 2025, aiming for nationwide coverage including offshore islands.
    2024/04/24 16:10
  • Taiwan unveils NT$3B plan to revive tourism after quake

    Discover how Taiwan’s Minister of Transportation and Communications, Wang Kwo-tsai, unveils three comprehensive revitalization plans for Hualien following a devastating earthquake. These initiatives aim to support the local tourism industry, provide accommodations for victims, and offer subsidies to tourists, with an estimated budget of NT$3 billion. Learn more about the impact of the April 7.2 magnitude quake on Hualien’s tourism, including hotel closures and layoffs, and the government’s efforts to rejuvenate the area in the coming months.
    2024/04/17 13:19
  • Joseph Wu: US abandonment of Ukraine could empower China

    Taiwan’s Foreign Minister Joseph Wu warns of the potential consequences if the United States abandons Ukraine, highlighting the implications for Taiwan’s security amid China’s aggression. Wu emphasizes the interconnectedness of global authoritarian threats and stresses the importance of U.S. support for countries facing such challenges. The story delves into the proposed budget for countering China in the Asia-Pacific region, with a focus on military aid to Taiwan and the ongoing geopolitical dynamics following the U.S. withdrawal from Afghanistan. Wu also addresses China’s dissemination of false information in alignment with Russian narratives, underscoring the complex web of international relations at play.
    2024/03/29 14:01
  • Air gun attack reported shatters peace at MODA building

    The Ministry of Digital Affairs in Taipei was reportedly shot at, leading to a police investigation. The incident occurred following controversy over overseas inspections and spending, with MODA defending its budget allocation practices.
    2024/03/28 11:15
  • US builds floating pier in Gaza, eyes Taiwan Strait strategy

    The U.S. military’s floating pier in Gaza could have implications for Taiwan Strait conflict scenarios, as analyzed by The Daily Telegraph. Taiwan’s military responds to Chinese Communist Party aircraft with Joint Civil Military Air-Raid Exercise and plans to expand political warfare units in the navy. The Tien-Kung III missile, developed domestically, strengthens defense capabilities against aerial threats. New missile sites and integrated defense operations demonstrate Taiwan’s commitment to enhancing combat effectiveness.
    2024/03/27 10:08
  • Legislative Yuan probes digital ID card policy delay

    Legislators in Taiwan’s Internal Administration Committee discuss the "Digital ID card replacement policy and budget execution," leading to a special investigation team being set up. The Executive Yuan’s decision to postpone the project in 2021 resulted in contract disputes and mediation, with a reduced payout of NT$280 million. The Ministry of the Interior allocated NT$63.75 million in the 2024 budget for suspension costs. Legislators questioned the project’s total expenditure, with Minister Lin Yu-chang clarifying that the project is postponed, not terminated, due to heightened information security demands.
    2024/03/18 15:07
  • Lai Ching-te to fast-track submarine fleet expansion

    President-elect Lai Ching-te shows strong support for Taiwan’s Indigenous Defence Submarine program, aiming to build all seven follow-up submarines simultaneously. Joining him on an inspection of the prototype submarine Narwhal at CSBC Corporation’s Hai Chang factory was current President Tsai Ing-wen. The transition of power between Tsai and Lai is set for May 20, with Lai emphasizing the need to complete the submarine project swiftly. The projected cost for each follow-up submarine is around NT$20 billion, with a total budget estimated between NT$150 billion and NT$200 billion.
    2024/03/18 14:26
  • Taiwan leaders embrace dialogue for national unity

    Taiwan People’s Party Chairman Ko Wen-je accepts President Tsai Ing-wen’s invitation for dialogue on critical national issues, emphasizing support for partisan reconciliation and cross-strait peace. Their meeting, the first since 2018, sparks public interest and discussions on political communication platforms and key national issues.
    2024/03/15 17:56
  • Taiwan rejects cash handouts despite tax surplus

    The Minister of the Directorate-General of Budget, Accounting and Statistics in Taiwan clarifies that there will be no general cash distribution from tax surplus this year, despite speculation. The surplus, amounting to NT$386 billion, will not lead to a repeat of last year’s NT$6,000 distribution due to financial considerations and the need for special legislation.
    2024/03/13 18:35
  • U.S. allocates historic US$100M in military aid for Taiwan

    The White House announces a historic US$100 million military assistance allocation for Taiwan in the fiscal year 2025 budget, marking the first dedicated funding by the U.S. Department of State for the island. This move aims to enhance Taiwan’s deterrence capabilities and maintain peace in the Taiwan Strait. Additionally, President Joe Biden authorizes the sale of F-16 Infrared Search and Track systems to Taiwan, further reinforcing security cooperation.
    2024/03/13 13:00
  • China’s defense budget sees 7.2% increase

    China announces a 7.2% increase in its defense budget for the year, reaching 1.67 trillion yuan (US$231 billion), signaling significant military expansion. Comparatively, this figure dwarfs Taiwan’s budget, amidst global rises in military spending.
    2024/03/06 17:54
  • Taipower at risk of financial crisis without government aid

    Taiwan Power Co. (Taipower) faces a potential financial crisis by year-end without government aid or electricity price hikes, warned Minister of Economic Affairs Wang Mei-hua. An upcoming electricity price review may see rates for ultra-high-voltage users surge by over 10%. Wang emphasizes the need for discussion in the committee meeting and assures efforts to minimize impacts on the public. Taipower’s efficient management has helped curb price spikes and inflation, with plans in place for financial support and program development. Current electricity costs for major consumers stand at around NT$1.63, while Taipower’s generation cost, pre-tax, is NT$3.93, expected to surpass NT$4 post-tax.
    2024/02/20 13:10
  • Taipei boosts lunch aid for needy students amid price hikes

    Taipei City Government to increase lunch subsidies for underprivileged high school and vocational students from NT$55 to NT$65 per day in response to rising prices. The expanded subsidy scope now includes first- to third-year specialist college students. Approximately 17,500 students are expected to benefit from this program, with a budget of NT$8.5 million allocated for lunch expenses.
    2024/02/15 13:37
  • Taiwan’s exports hit top-three record despite 2023 dip

    Taiwan’s export performance reached a historic high from 2021 to 2023, but experienced a 9.8% decline in 2023 compared to the previous year, according to the Ministry of Finance. Despite this setback, exports to the U.S. continued to soar with a 49.7% year-on-year increase, while exports to countries covered by Taiwan’s New Southbound Policy also saw significant growth. However, exports to mainland China decreased to 35.2%. Taiwan’s total export tally for 2023 amounted to US$432.48 billion, ranking behind only 2022 and 2021. The demand for communications and electronic products during the pandemic-induced work-from-home trend boosted Taiwan’s exports. The Taiwan Institute of Economic Research predicted significant international trade growth in 2024, which would benefit export-oriented economies like Taiwan. In December 2023, Taiwan’s exports to the U.S. reached $8.49 billion, and exports to southern countries surged by over 50%. However, due to the limited coverage of free trade agreements (FTAs), many traditional Taiwanese industries chose to restructure risks and production in Southeast and South Asia. The return of Taiwanese businesses and the expansion of local factories after the U.S.-China trade war, as well as global economic circumstances, significantly impacted the decline in 2023 exports. The Directorate General of Budget, Accounting and Statistics (DGBAS) estimated the first-quarter export volume for 2024 to be around US$106.1 billion, which is an improvement compared to the same period in 2023, but a 10% decrease from 2022.
    2024/02/15 10:49
  • About 90% of workers to continue red envelope tradition

    A recent survey reveals that 90% of Taiwanese employees plan to give out red envelopes for the Lunar New Year, with an average amount of NT$11,292. The survey also shows that workers plan to spend an average of NT$31,093 during the seven-day holiday, contributing NT$288.7 billion to the economy. Popular activities include getting together with friends and family, visiting hometown, resting at home, paying visits to friends and relatives’ households, and watching television or DVDs at home. Other activities include praying at temples, making travel arrangements, gaming, job hunting online, and shopping. Compared to the Year of the Rabbit in 2023, 49.7% of respondents said their red envelope budget would remain the same, 26.8% said it would be more, and 23.5% said it would be less. Additionally, 64% of workers plan to give gifts during the New Year, with an average gift budget of NT$4,977.
    2024/02/06 09:00
  • President Tsai pledges support for R.O.C. armed forces

    President Tsai Ing-wen visits forces stationed at Penghu and pledges continued support for the Republic of China Armed Forces. She also inaugurates the renovated Wude Barracks and emphasizes the government’s dedication to revitalizing military dormitories nationwide. The defense budget for 2024 reaches a record high of NT$600.7 billion, and Tsai inspects military demonstrations by the mechanized infantry battalion of the Penghu Defense Command. The president highlights ongoing defense reforms to establish a leaner and more modern military force and acknowledges the strategic importance of the Penghu force. With the Lunar New Year approaching, she advises officers to stay connected with their families and encourages quality time with loved ones for those on leave.
    2024/01/30 16:02
  • Hou Yu-ih calls for KMT unity and public-focused laws

    New Taipei City Mayor Hou Yu-ih emphasizes the importance of party unity and proposing laws that resonate with the public, regardless of the Kuomintang (KMT) leader. This statement comes in response to KMT legislator Lai Shyh-bao’s withdrawal from the election for the KMT caucus whip. Hou believes that communication and consensus between parties, focusing on Taiwan’s future and public welfare, are crucial. He reiterates the significance of unity within the KMT and presenting laws that resonate with the public for Taiwan’s future. Hou, who has resumed mayoral duties after the presidential election, launches his mayor’s action governance forum in New Taipei City’s Yonghe District. He plans to continue progress on various projects, including sewage systems, parking facilities, and transit networks, with the expectation of obtaining more budget due to the KMT winning more seats in the legislature.
    2024/01/29 17:11
  • Taipei mayor vows to improve council ties after budget block

    Chiang Wan-an vows to enhance communication with the council after his budget proposals, including the "Taipei International Music Festival" and free 30-minute YouBike rides, were rejected. He hopes council members will understand the purpose of the budget plans and is open to making adjustments based on their views. Chiang remains committed to better communication, particularly regarding the music festival and YouBike service. He appreciates the recommendations made by councilors during the budget review process and assures that the city government will be open-minded and make appropriate adjustments.
    2024/01/29 14:08
  • Taiwan announces budget surplus for 7th straight year

    Taipei’s Executive Yuan Spokesperson, Lin Tze-luen, announced a budget surplus for the 2023 fiscal year, attributing the achievement to the combined efforts of civil society and the government. The surplus will be allocated responsibly to maintain fiscal discipline, primarily focusing on debt reduction and infrastructure investment. Taiwan’s economy has experienced consistent growth, resulting in a budget surplus for seven consecutive years. In 2022, the surplus reached an impressive NT$500 billion, leading to a proposed special budget of NT$380 billion. This special budget aims to enhance economic and social resilience, with provisions such as a cash payment of NT$6,000 per citizen, support for labor and health insurance programs, and assistance for Taiwan Power Company. Additionally, the special budget includes programs to aid residential loan holders from the middle class and below. Lin emphasized the government’s commitment to considering public opinion and promoting national affairs to facilitate Taiwan’s sustainable development.
    2024/01/25 16:34
  • Surplus tax revenue in Taiwan opens debate on spending

    Taiwan’s government confirms budget surplus, prioritizes debt repayment and infrastructure investments. Cabinet spokesman Lin Tze-luen expresses gratitude for joint efforts leading to economic growth. Taiwan’s annual tax revenue exceeds target, reaching NT$367.1 billion in fiscal year 2023, marking the third-highest record. Speculation arises on possible cash rebate as government distributed NT$6,000 to citizens in 2022 surplus. Lin Tze-luen declares government will consider public opinion on surplus utilization. Surplus will be applied with fiscal discipline, focusing on debt repayment and infrastructure investments. Efforts will be made to meet national and individual needs for sustainable development.
    2024/01/25 15:15
  • 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
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