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  • Taiwan launches association to boost digital economy

    Discover how Taiwan is advancing its digital economy through the launch of the Taiwan Parliamentary Exchange and Promotion Association for Digital Technology and the New Economy, led by DPP legislator Michelle Lin. This initiative aims to foster government-industry cooperation and includes plans for talent transformation, international exchanges, and smart city policies.
    2024/06/11 15:26
  • Thailand doubles visa-free stay to 60 days for 93 countries

    Discover how Thailand’s new visa measures for travelers from Taiwan and 92 other countries aim to boost its economy by doubling the stay limit to 60 days and targeting 40 million visitors this year.
    2024/05/29 16:27
  • MOA to launch voucher program to boost Hualien’s economy

    Discover how Taiwan’s Ministry of Agriculture plans to revitalize Hualien’s tourism and agriculture with a NT$183 million voucher program starting July 1, following a recent earthquake.
    2024/05/15 12:05
  • 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
  • TSMC to build 2 advanced chip facilities in Chiayi

    Vice Premier Cheng Wen-tsan announces TSMC’s plan to build two cutting-edge chip packaging CoWoS facilities in Chiayi Science Park, with construction set to begin in May 2024. The project is expected to create around 3,000 job opportunities and boost the local economy.
    2024/03/18 15:17
  • TSMC’s new Japan Plant ignites local economy and nightlife

    The opening of TSMC’s new plant in Kikuyo, Japan, has revitalized the local economy and nightlife, with customers spending up to 1 million yen daily. The community’s transformation has garnered international attention, boosting sales in various industries and reshaping Kumamoto’s nightlife. TSMC’s significant investment in the project is expected to increase production capacity and potentially lead to the establishment of additional factories in the area.
    2024/02/17 14:33
  • Businesses urge President-elect to boost cross-strait ties

    The Third Wednesday Club Chairman Lin Por-fong expresses hope for improved cross-strait relations and economic cooperation under the ECFA with President-elect Lai Ching-te. Lin emphasizes the importance of handling international relations well, resolving cross-strait issues through communication and exchange, and establishing communication mechanisms with China. He believes that cross-strait relations impact economic development and calls for the loosening of restrictions on the economy, tourism, and culture. Lin advocates for the active maintenance of the ECFA, highlighting that international economic agreements like the CPTPP and RCEP require mainland China’s consent. Concerns are raised about the potential impacts on industries if China terminates the ECFA. Compal Electronics Chairman Hsu Sheng-hsiung warns of global unrest due to constant change and challenges across industries, technologies, economies, politics, and conflicts among nations. He also highlights the need for industries to monitor potential escalations of conflicts as nations vie for resources.
    2024/01/18 10:25
  • Taiwan’s minimum wage hike to benefit 2.39M workers in 2024

    Taiwan is set to increase its minimum wage for 2024, benefiting approximately 2.39 million workers. Monthly basic wages will rise from NT$26,400 to NT$27,470, a 4.05% increase, benefiting 1.79 million workers. Hourly wages will also see a boost from NT$176 to NT$183, benefiting around 600,000 workers. The changes will affect labor insurance premiums, with employers bearing an extra cost of NT$2,307, workers contributing NT$659, and the government chipping in NT$329. This marks an increase of NT$89, NT$25, and NT$13, respectively, compared to the existing system. The adjustment will also impact the categorization of labor insurance premiums and retirement monthly contributions schedules. While the wage hike will increase labor costs, it provides an important boost for workers in challenging economic times.
    2023/12/27 16:31
  • Lai Ching-te pledges unity, safety in presidential bid

    DPP presidential candidate Lai Ching-te has proposed a comprehensive national vision, emphasizing unity, safety, and cross-strait cooperation based on mutual respect if elected. Lai aims to establish a transparent government by combating corruption, including illegal drugs and arms dealing, fraud, and embezzlement. He also plans to boost Taiwan’s economy by supporting the growth of small and medium enterprises in high-tech industries. Lai is committed to education equity, with plans to waive high school and vocational school fees and provide financial aid to private university students. He also pledges to improve long-term care facilities and services through the implementation of Long-term Care 3.0. Lai and his running mate, Hsiao Bi-khim, are dedicated to caring for the people, protecting Taiwan’s security, and advancing its development.
    2023/12/26 20:06
  • Taiwan may benefit from Indonesia’s visa-free entry plan

    Taiwan is among the potential beneficiaries of Indonesia’s contemplation to offer visa-free entry for tourists from 20 major source countries, following the example set by Thailand. Indonesian Minister of Tourism and Creative Economy, Sandiaga Uno, disclosed in an interview that the government is discussing the launch of a visa exemption policy to attract more tourists and boost local economic development. Currently, travelers, including short-term tourists, need to secure a visa to visit Indonesia, including the option of Visa on Arrival (VOA) at designated entry points. Taiwanese passport holders can apply for VOA at 15 airports across Indonesia, such as Jakarta, Surabaya, Medan, and Bali, allowing them to stay up to 30 days with a one-time extension option. Given Taiwan’s place within the top 20 sources of foreign tourists to Indonesia, there is a significant chance that it will be included in the visa exemption program. This move could simplify travel for Taiwanese citizens and deepen tourism-based interactions between the two nations.
    2023/12/09 17:09
  • 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
  • Lai Pei-hsia asks Terry Gou to lift Taiwan’s slowing economy

    Vice presidential candidate Lai Pei-hsia joins forces with Foxconn founder Terry Gou for the 2024 Presidential Election, aiming to attract overseas Taiwanese businesspeople and boost the nation’s economy. Get the latest on this partnership.
    2023/09/14 16:46
  • Lai Pei-hsia vows to stick by Terry Gou to ’change Taiwan’

    Business tycoon Terry Gou announced his independent presidential candidacy with singer-actress Lai Pei-hsia as his running mate. Despite their political inexperience, they aim to boost Taiwan’s economy. Get the latest updates on this unconventional political alliance.
    2023/09/14 15:20
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