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  • Taiwan faces underground tourism risk amid China travel ban

    Explore the impact of a potential ban on Taiwanese travel groups to China starting June 1, as discussed by Chen Yi-hsuan. With 80% of Taiwan’s travel agencies involved with China, the industry faces the risk of unregulated tourism. Efforts to negotiate with China have begun, highlighting the economic significance of Chinese tourists to Taiwan and urging the new government to prioritize cross-strait exchanges. Concerns over legal, safety, and transportation issues are also raised by industry leaders.
    2024/05/07 14:42
  • Political tensions and natural disasters impact tourism

    Chu Chien-meng of the Development Association for Taiwan Tour Guide shares a bleak outlook for Taiwan’s tourism in 2023 due to unresolved political tensions with China and a new ban on group tours. The industry also faces challenges from recent natural disasters and legal issues, despite calls for more open policies to boost tourism and economic growth.
    2024/05/07 14:38
  • President Tsai promises support for Taiwan’s industry growth

    President Tsai Ing-wen commits to supporting Taiwan’s industry development, highlighting the country’s export success and plans for post-pandemic recovery. Tsai vows to deepen global economic ties, recognizing the National Importers & Exporters Chamber of Commerce’s role in driving economic growth amidst challenges. Taiwan aims to enhance international competitiveness through agreements with the U.S., U.K., Canada, and others, promoting a prosperous future for Taiwanese industries.
    2024/05/06 17:18
  • Premier vows to tackle wealth gap amid economic growth

    Explore how Premier Chen Chien-jen addresses Taiwan’s wealth gap, highlighting the disparity between the top and bottom income groups and the government’s commitment to narrowing this gap through economic and social welfare measures.
    2024/04/30 15:33
  • Taiwan and Japan discuss stronger ties for regional peace

    Explore the recent meeting between Taiwanese Vice President Lai Ching-te and Japan’s LDP delegation led by Takako Suzuki, focusing on strengthening economic ties and regional peace.
    2024/04/30 14:03
  • Vice President Lai visits China Steel, eyes net-zero goal

    Explore Vice President Lai Ching-te’s visit to China Steel Corporation in Kaohsiung, where he delved into the company’s efforts toward net-zero carbon emissions, highlighting its role in Taiwan’s economic growth and sustainable development.
    2024/04/26 22:13
  • President Tsai honors TSMC’s Morris Chang with top award

    President Tsai Ing-wen awards Morris Chang, TSMC founder, the Order of Dr. Sun Yat-sen for his contributions to Taiwan’s global standing and semiconductor industry, highlighting his role as a key figure in Taiwan’s economic development and international prominence.
    2024/04/19 18:05
  • Cho Jung-tai unveils new cabinet appointments amid criticism

    Premier-designate Cho Jung-tai addresses criticism of his new cabinet, emphasizing a collective commitment to Taiwan and announcing six new appointments focused on economic development and fair distribution.
    2024/04/16 13:51
  • 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 economy glows green for stability in February: NDC

    Taiwan’s NDC reports economic stability with a green light status for February, driven by production and export improvements linked to AI themes. Officials anticipate continued growth in March, citing positive trends in manufacturing, consumer confidence, and foreign trade. Investment in emerging technologies and R&D, along with steady public investment, are expected to sustain momentum.
    2024/03/28 17:54
  • Hsiao Bi-khim emphasizes sustainability in Taipei speech

    At the 2024 Global SDGs Summit, Taiwanese Vice President-elect Hsiao Bi-khim discussed the critical importance of local sustainability and international integration in facing global and domestic challenges. Emphasizing innovation and cooperation, Hsiao outlined a future where Taiwan not only addresses its unique issues but also contributes significantly to global sustainable development goals.
    2024/03/28 17:21
  • Taiwan aims for global leadership in machine tool industry

    Vice President Lai Ching-te commends Taiwan’s machine tool industry for its technological innovation and commitment to net-zero and digital transformation at the 2024 Taiwan International Machine Tool Show. Taiwan stands out globally for its high-end machine tool production and comprehensive industry showcased at the annual event. The government aims to strengthen Taiwan’s position as a high-end machine tool manufacturing country and rebuild a reliable supply chain with democratic allies amidst global changes. Vice President Lai also advocates for AI industrialization to attract international investment and drive innovation across all industries in Taiwan.
    2024/03/28 16:55
  • Vice President-elect champions local revitalization

    Vice President-elect Hsiao Bi-khim stresses the significance of local and international connections at the "2024 Global SDGs Two-Day International Forum (SDGs+City)" opening ceremony. She unveils the upcoming "Local Revitalization 3.0" plan to enhance local cooperation and innovation, emphasizing the resilience and forward-looking nature of Taiwan’s vitality. Hsiao highlights the government’s efforts to address challenges through the Local Revitalization National Strategic Plan and stresses the need for strategic fund allocation based on local needs to reinforce global ties.
    2024/03/28 14:50
  • Taiwan, France hold talks to elevate economic ties

    The inaugural Taiwan-France High-Level Economic and Trade Dialogue, led by Taiwan’s Minister of Economic Affairs, Wang Mei-hua, discussed cooperation in semiconductors, AI, and electric vehicles. French officials agreed to integrate industrial and economic cooperation meetings, with a focus on supply chain opportunities in renewable energy and the space industry. Bilateral trade between Taiwan and France reached a record high of $60.9 billion last year, with significant investments from both sides.
    2024/03/27 14:34
  • Taiwan to host APPU annual meeting in 2025

    Deputy Legislative Speaker Johnny Chiang extends an invitation to MPs from Asian-Pacific Parliamentarians’ Union member countries to Taiwan’s 2025 Annual Meeting. Chiang emphasizes Taiwan’s commitment to addressing regional issues like climate change and economic development. Taiwan will host the APPU conference for the 11th time in 2025.
    2024/03/14 12:01
  • China urges G20 unity for global economic growth

    Ambassador Dai Bing of the Permanent Mission of the People’s Republic of China to the UN outlined China’s proposals at the G20 meeting, emphasizing global economic growth, Belt and Road Initiative participation, and cooperation for sustainable development.
    2024/03/13 19:18
  • Taiwan braces for electricity price hike amid inflation woes

    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.
    2024/03/13 15:28
  • China targets 5% GDP growth in Premier Li Qiang’s report

    The second session of the 14th National People’s Congress in China opened with Premier Li Qiang setting a GDP growth target of around 5%. Last year’s GDP growth was 5.2%, ranking among the top of the world’s major economies. Li outlined key development goals, including job creation and environmental improvements. The premier acknowledged challenges in China’s economic recovery, emphasizing the need for effective demand. The decision to discontinue post-congress press conferences by the premier has raised speculation about policy transparency.
    2024/03/05 16:05
  • Taiwan’s economic shows stability: NDC

    Stay updated on Taiwan’s economic progress as the National Development Council reports a stable outlook for January 2024. Economic indicators show positive trends in production, investment, sales, and finance, signaling continued recovery. Follow the transition from recession to a transitional economy in key sectors, reflecting a promising shift in Taiwan’s economic landscape.
    2024/03/04 18:06
  • Tainan Mayor backs probe into solar plant scandal

    Tainan Mayor Huang Wei-che supports a thorough investigation into an alleged solar power plant scandal involving Ysolar Co. under former Executive Yuan Commissioner Ku Sheng-hui. The Tainan prosecutor’s office is probing the case, with Mayor Huang subpoenaed as a witness. Huang emphasizes the importance of transparency and adherence to legal guidelines in green energy development, stressing the need for swift resolution and clarity in the investigation.
    2024/03/01 15:59
  • EU Parliament, ENEX sign MOU ahead of crucial elections

    Explore the pivotal partnership between the European Parliament and ENEX as they gear up to combat disinformation and leverage AI for the upcoming European elections. Discover how this collaboration aims to address global challenges and ensure democratic integrity.
    2024/02/23 16:43
  • US congressional delegation shows solidarity with Taiwan

    U.S. Congressman Mike Gallagher, along with a team of American lawmakers, visited Taiwan and expressed support for the island’s resistance against China’s influence. The delegation praised Taiwan’s successful development and voiced commitment to deepening U.S.-Taiwan relations for peace and stability in the region. Senator Marco Rubio also reiterated his support for Taiwan during a separate meeting with Taiwan’s ambassador to Paraguay.
    2024/02/22 09:42
  • 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
  • Tsai Ing-wen touts Taiwan’s NT$2.17T investment success

    President Tsai Ing-wen highlights the success of Taiwan’s investment incentives projects, which have attracted over NT$2.17 trillion in investments and created over 140,000 jobs. Speaking at a Lunar New Year event, Tsai emphasizes the importance of Taiwanese businesses in driving economic development and emphasizes Taiwan’s global reach and reliability as an international partner. She also discusses Taiwan’s efforts to improve infrastructure and expand external relations, including trade cooperation with the U.S. and U.K. Tsai calls for the preservation of the peaceful and stable status quo in the Taiwan Strait and expresses a commitment to upholding democracy and seeking cross-strait dialogues. The event was attended by government officials and over 300 Taiwanese businessmen living and working in China.
    2024/02/16 16:38
  • Taichung’s Yichung district launches Lunar New Year’s market

    Experience the charm of Taichung’s Yichung Shopping District as it hosts a vibrant 17-day New Year’s market from Feb. 2 to Feb. 18. Enjoy street fairs, delicious food, and creative vendors in this top Taichung attraction.
    2024/02/11 12:30
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