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  • Ko Wen-je proposes maternity leave ext., pregnancy subsidies

    Taiwan People’s Party (TPP) presidential candidate Ko Wen-je has proposed several policies to address Taiwan’s low birth rate. These policies include extending maternity leave, offering a "pregnancy subsidy" of NT$50,000 to expectant mothers, and providing an additional subsidy of NT$100,000 to families after the child is born. Ko also plans to establish a "Population Development Committee" within the Executive Yuan to coordinate efforts between various governmental departments and address the issue of low birth rates. He advocates for increasing public childcare facilities and raising salaries for public preschool teachers and personnel to improve the employment environment for childcare workers. The National Development Council predicts that Taiwan’s population could be halved by 2070 due to low birth rates and an aging population, which would further burden society and younger generations. Ko sees the low birth rate as a security issue for Taiwan, causing labor shortages and challenges in school recruitment.
    2023/11/07 15:58
  • P. LEAGUE+ names Richard Chang as new president

    Richard Chang, a prominent figure in Taiwanese basketball, has been appointed as the inaugural president of the P. LEAGUE+. This restructuring marks a new era for the league, which aims to elevate its status with Chang’s extensive experience and business acumen. Chang, who has a background in national player experience and commercial governance, is expected to lead the league into version 2.0. He played for McDonald’s in Taiwan and represented the Chinese Taipei men’s national basketball team in the 1980s. Additionally, Chang has worked for over 30 years at Costco Wholesale Inc., where he currently serves as the president of its Asian division.
    2023/11/06 20:46
  • International travel fair in Taipei ends with heat for deals

    The Taipei International Travel Fair concluded with attendees taking advantage of travel deals. Industry experts believe that high travel costs are inevitable due to factors such as flight recovery, labor shortage, and inflation. Japan, a popular destination for Taiwanese tourists, also faces similar challenges. The weakening Japanese Yen has led to more domestic travel, increasing competition for hotel rooms. The imbalance between supply and demand has contributed to rising travel costs. To alleviate financial pressures, experts suggest taking advantage of fair benefits and choosing low-cost airlines. For those interested in traveling to Western countries, transferring through Chinese airports may offer relatively lower ticket prices.
    2023/11/06 20:30
  • Maersk layoffs send shipping stocks tumbling

    Global shipping leader Maersk’s decision to cut its workforce by 10,000 has caused a downturn in shipping stocks on November 6th. Within the first ten minutes of trading, Evergreen Marine (2603) dropped 4% to NT$107.5, while Yang Ming Marine Transport (2609) and Wan Hai Lines (2615) also experienced turbulence with declines of over 2%. Following Maersk’s announcement, the company’s stock price fell more than 18%. The shipping industry is currently facing numerous challenges, including sluggish cargo demand, falling freight rates, rising energy costs, inflation, and geopolitical tensions. Maersk CEO Vincent Clerc described these challenges as the "new normal." Insiders have noted that the shipping market is not as robust as it has been in recent years, leading to uncertainty and a "supply-demand imbalance" in the coming year.
    2023/11/06 20:06
  • 70 percent will fight if China attacks, study shows

    A paper published by the Washington-based think tank Global Taiwanese Institute reveals findings of mainstream public opinion on Taiwanese defense. The paper, titled "Conversations with the Taiwanese about Taiwan’s Defense," shows that 70 percent of Taiwanese are willing to fight in the event of a Chinese invasion, while 20 percent would leave and 10 percent would choose to surrender. The results are based on conversations conducted by Taiwanese-American U.S. Air Force captain Jimmy Chien during his six-week stay in Taiwan, which included discussions with university students and retirees. Chien’s research challenges the perception that increased military strength and pressure from China could lead to military action, as most Taiwanese do not consider this a likely scenario. He argues that Taiwanese people believe China must first address its domestic affairs before resorting to force against Taiwan. Chien also notes that Taiwanese people are aware that the U.S. military is unlikely to deploy troops in the event of a war, and therefore hope to receive non-combat aid, such as supplies and maintenance, from the U.S. as a show of support in battling enemy forces.
    2023/11/06 19:32
  • Over 40% of Taiwan graduates willing to seek jobs abroad

    In 2023, Taiwan’s new graduates face low starting salaries, prompting many to consider overseas roles, especially in Southeast Asia. With Vietnam becoming a top choice, experts weigh in on the challenges and benefits of working abroad.
    2023/11/06 17:15
  • Taiwan’s wealth gap hits decade high amid economic struggles

    Taiwan faces a widening wealth gap, reaching its highest in a decade. With challenges like high inflation and stagnant wages, the top 20% of families earn significantly more than the bottom, highlighting deep economic disparities.
    2023/11/05 18:26
  • Lai vows to shape Taiwan into a democratic nation

    Lai Ching-te inaugurates his 2024 campaign headquarters in Tainan, drawing over 20,000 supporters. He recalls Tainan’s past challenges and highlights his vision for a democratic and innovative Taiwan.
    2023/11/05 12:25
  • Taiwan’s renewable energy market valued at billions

    The Industrial Technology Research Institute (ITRI) has announced an 8.6 percent rebound in output, driven by developments in solar and wind power. Taiwan’s renewable energy market is expected to reach NT$200 billion in 2024. This was revealed during an ITRI industry forum that focused on cross-discipline cooperation in carbon solution exchange. Jay Wang, Vice Director of ITRI Industrial Economics and Knowledge Center, highlighted the challenges faced by the global economy due to high inflation and interest rates, which have increased investment costs for renewable energy development. Wang emphasized the importance of renewable energy in achieving a net-zero economy by 2050, but noted that oversupply has resulted in lower prices and the need for different approaches. Despite these challenges, Taiwan has excelled in the development and innovation of renewable energy, particularly offshore wind power, with an accumulated capacity of 2GW to date.
    2023/11/03 21:39
  • Ko Wen-je: From ER doctor to Taiwan’s political game changer

    Ko Wen-je, founder of Taiwan People’s Party and former ER doctor, has swiftly become a significant force in Taiwan’s politics. Known for his straightforwardness and rapid adaptation, Ko’s political journey resonates with the youth but faces challenges with older generations. As Taiwan approaches election day, voters must decide if Ko’s vision aligns with their aspirations for the nation.
    2023/11/03 18:00
  • Semiconductor revenue expected to rebound by 11% in 2024

    The global semiconductor revenue is projected to drop by approximately 12% in 2023 but is expected to rebound by more than 11% next year, reaching a total revenue of US$550 billion, according to International Business Strategies (IBS). Major semiconductor companies, including Intel Corp, TSMC, and Samsung Electronics, have indicated that the industry downturn has passed. Although Samsung Electronics’ profit for Q3 fell 38%, inventory is returning to normal levels, and oversupply is easing due to production cutbacks. Samsung’s deputy head of the Memory Division suggests that the recovery trend could continue into next year. Despite challenges such as inflation, the war in Ukraine, and clashes between Israel and Hamas, the semiconductor market recovery reflects the resilience of the global economy.
    2023/11/02 20:42
  • TSMC founder warns of changing landscape for semiconductors

    TSMC Founder Morris Chang underscores the emerging challenges for Taiwan’s semiconductor industry, emphasizing national security amidst global shifts. With AI demand surging and changing supply chain dynamics post-pandemic, Taiwan must navigate geopolitical tensions and retain its global edge in chipmaking.
    2023/11/02 18:10
  • MOEA expresses concern about maintaining 2% GDP growth

    Taiwan’s Minister of Economic Affairs, Wang Mei-hua, expressed concerns about maintaining a 2% GDP growth rate this year despite signs of economic recovery. She cited external factors such as inflation, the Russia-Ukrainian war, and the Israeli-Palestinian conflict as global market influences. However, Wang emphasized that Taiwan’s innovation and efficiency are key advantages that can withstand external economic pressures. The National Development Council also reported a slight improvement in economic measures, indicating subtle growth amidst global adversity. Despite challenges, Taiwanese authorities and stakeholders remain cautiously optimistic and ready to leverage the nation’s inherent strengths.
    2023/10/30 14:38
  • TSIA Chair urges government to prepare for AI revolution

    Taiwan Semiconductor Industry Association Chair Cliff Hou has made four key suggestions to the government in a proposal, emphasizing the need to prepare for significant changes in the global semiconductor industry due to the rise of AI.
    2023/10/27 20:03
  • Terry Gou warns Taiwan risks missing next ’golden 30 years’

    Independent presidential candidate Terry Gou faces internal and external challenges, including petition issues, joint actions by the Kuomintang and Taiwan People’s Party, and poor poll ratings. The future of his campaign is uncertain as his company, Hon Hai’s subsidiary Foxconn, is under investigation by the Chinese Communist Party’s tax department.
    2023/10/27 15:04
  • Taiwan LGBT+ Pride to highlight diversity challenges

    The 21st Taiwan LGBT+ Pride , with the theme "Stand with Diversity," will take place in front of Taipei City Hall on October 28th. DPP presidential candidate Lai Ching-te will attend, while PFP candidate Ko Wen-je will be absent due to a prior engagement in the south. KMT will send youth group members, and Hou Yu-yih will not attend but expresses support for gender equality. Terry Gou and Lai Pei-hsia will also be absent but maintain their support for gender-friendly policies.
    2023/10/26 15:17
  • Ko unveils ’Strong Generation’ movement to redefine aging

    Taiwan’s TPP candidate, Ko Wen-je, introduces the ’Strong Generation Cultural Movement’ to redefine aging and boost the economy. Learn how this initiative addresses the challenges of an aging society.
    2023/10/25 18:42
  • Prof. Skoric explores tech’s role in democracy at CTeC Asia

    Professor Marko Skoric from the City University of Hong Kong delves into the complex relationship between emerging technologies and democracy at the CTeC Asia event. He warns against blaming technology solely for democratic challenges and emphasizes the role of leadership and wealth distribution.
    2023/10/22 00:45
  • Household spending on fitness and pets soar in Taiwan

    Despite facing economic challenges like inflation and stagnant wages, Taiwanese households are ramping up spending in two unexpected categories: fitness and pet care. With an annual growth rate of over 15% in fitness spending and a 36.2% increase in pet-related expenses over the past decade, these sectors show strong resilience and growth.
    2023/10/19 13:24
  • Taiwanese doctor joins frontline efforts in Gaza

    Taiwanese intervention in the Israeli-Palestinian conflict, particularly in the Gaza Strip, aims to provide aid. Dr. Hung Shang-kai, an emergency physician from Linkou Chang Gung Memorial Hospital and part of Doctors Without Borders, has been stationed in Gaza since July. He hopes to improve the local emergency triage system to help more injured patients due to frequent conflicts and a shortage of medical resources in the area. The Gaza Strip faces challenges such as overdevelopment, saltwater intrusion, clean water shortage, and limited electricity supply, which result in medical supply shortages and hinder specialized treatment. Various organizations are extending their help to locals during these turbulent times.
    2023/10/16 10:49
  • President Tsai unveils first Taiwan-made submarine, Hai Kun

    Taiwan reveals its first domestically built submarine, Hai Kun, in a significant move towards enhancing national defense. President Tsai Ing-wen underscores its role in asymmetric warfare capabilities, emphasizing the nation’s determination to protect its sovereignty. This development highlights Taiwan’s commitment to self-reliant defense in the face of evolving security challenges.
    2023/09/28 17:48
  • Taiwanese struggle with low wages despite advanced degrees

    Discover the wage challenges faced by young Taiwanese adults despite their advanced degrees. Tech graduates earn NT$73,500 in their first jobs, while others struggle with lower salaries and a rising cost of living. Explore the impact on their financial prospects and future stability.
    2023/09/22 18:14
  • Ko addresses long-term care challenges and solutions

    Taiwan’s presidential candidate Ko Wen-je reveals comprehensive long-term care policies addressing current challenges. Learn more about his proposals and the state of long-term care in Taiwan.
    2023/09/22 18:06
  • Taiwan military unveils new Indian Challenger motorcycles

    Taiwan’s military introduces the latest Indian Challenger motorcycles for battlefield reconnaissance. Discover their features and the challenges they bring.
    2023/09/21 20:05
  • Rising ridership, but falling profits for Taiwan’s MRTs

    Taiwan’s MRT systems are facing financial challenges despite increasing ridership. Keelung City Councilor Cheng Wen-ting discusses the importance of comprehensive assessment before investment. Experts highlight the difficulties of public transportation turning a profit.
    2023/09/21 17:29
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