economy 結果共118筆

Discover how the global economic recovery and labor shortages are leading to increased overtime work in Taiwan’s manufacturing and industrial sectors, impacting workers’ preferences and job market dynamics.

The 2024 Taiwan Music Festival attracts over a million attendees, boosting the local economy of the Hengchun Peninsula and generating NT$ 1 billion in revenue for businesses. The event provides a platform for independent music and enhances musical tourism in the region.

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.

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.

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.

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.

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.

The 14th National People’s Congress in Beijing saw Premier Li Qiang deliver his first government work report, emphasizing the ＂One China＂ principle and opposing ＂Taiwan independence.＂ The report highlighted progress in military and national defense construction, with no press conference held this year. Plans include boosting employment opportunities and achieving 5% GDP growth. Last year, China’s economy showed recovery with a 5.2% GDP increase.

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.

Discover the success story of Hon Hai Precision Industry Co at its 50th anniversary gala dinner, where founder Terry Gou highlighted the company’s impact on employees and the community. Special messages from tech leaders like Tim Cook and Jensen Huang added to the celebration.

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.

Experience the bustling Lunar New Year market on Taipei’s Dihua Street, offering a variety of festive essentials. Free shuttle services enhance the shopping experience in a rich cultural setting.

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.

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.

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.

Taiwan’s voters head to the polls in a crucial election. Weather conditions and cross-strait tensions add complexity to the choices. President Tsai Ing-wen casts her vote as a third party competes. Stay updated on TVBS World Taiwan.

Taiwan People’s Party (TPP) candidates unveil their strategy to enhance Taiwan’s security and democratization. Learn about their plans and vision for Taiwan’s future.

Taiwan’s KMT presidential and vice presidential candidates outline their election strategy, emphasizing peace, communication, and economic resilience, just days before the general elections.

The upcoming Taiwan presidential election is expected to have a significant impact on the country’s economic growth, according to a research report by France’s Natixis Corporate and Investment Banking company. The report suggests that regardless of the election outcome, Taiwan is poised for economic growth, with the consumer and tech industries leading the way. The research predicts that economic growth could increase from 1.2% in 2023 to 2.9% in 2024. While candidates share similar social and labor policies, the report highlights the major differences in their positions on industrial and energy areas, as well as Taiwan’s economic relationship with China. The report also mentions the potential role of Taiwan People’s Party (TPP) candidate Ko Wen-je in triggering legislative instability. The incumbent Democratic Progressive Party (DPP), leading in polls, is expected to continue pushing for diversified trade and investment policies, shifting focus from China to the U.S. and other Asian regions. However, achieving these targets may be challenging as Taiwan has missed out on regional trade and economic agreements such as RCEP, CPTTP, and the U.S.-led IPEF. If the Kuomintang (KMT) wins the election, they might seek closer trade and investment links with China by expanding the Economic Cooperation Framework Agreement (ECFA), according to Natixis.

President Tsai Ing-wen criticizes China’s one-sided trade barriers and emphasizes that bilateral trade relations should not be used as a political tool in her New Year’s address. The tariff preference for certain products under the Economic Cooperation Framework Agreement (ECFA) has been suspended as of Jan. 1, 2024. Tsai notes China’s intervention in elections and expresses confidence in the people of Taiwan to make wise decisions. She argues that Taiwan’s industries already have global exposure and are gradually reducing reliance on China. Tsai believes that while the economic benefits of the ECFA are limited, diversifying risks and global positioning are important for Taiwan’s industries. She highlights that China often imposes unilateral trade barriers on other countries for political reasons, citing examples of punitive tariffs and import bans on Lithuania and Australia due to their friendly relationship with Taiwan and criticism of China’s human rights policy in Xinjiang.

Kaohsiung Mayor Chen Chi-mai declares that Taiwan should not rely on China’s market, as it hampers Taiwan’s economy. He expresses regret that the Taiwan Semiconductor Manufacturing Company (TSMC) did not establish a factory in Taoyuan and that the Asia Silicon Valley Innovation and Development Center in Taoyuan has been halted. Chen highlights that TSMC’s 2-nanometer site in Kaohsiung is already operational. He points out that Kaohsiung’s 5G internet innovation park, modeled after Taoyuan’s success, is thriving, while Taoyuan’s center has been halted. Chen emphasizes Taiwan’s dominance in the global semiconductor industry, with TSMC controlling 92 percent of advanced manufacturing processes and 62 percent of global production value, and advocates for the development of Asia Silicon Valley as the correct path.

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.

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.

Rensingeatshot, a lifestyle food brand founded by Selina of Taiwanese girl band S.H.E, will cease operations on Jan. 21, 2024, citing inflation and economic challenges. The company expressed reluctance but emphasized that it is not a farewell, but rather a move towards better choices. The decision was influenced by the impact of COVID-19 on the global economy in 2023 and hyperinflation, which raised materials and manufacturing costs. The company struggled to find a balance between production costs and market-acceptable prices due to the increasingly competitive advertising market. Initially known for its instant porridge products, Rensingeatshot expanded to include instant drinks, tea bags, and waffles. The brand officially launched on Jan. 11, 2021. While the product line will end on Jan. 21, 2024, collaborations with other brands will not be affected.

Taiwan’s GDP per capita has surpassed South Korea’s for the first time since 2003, reaching US＄32,625 in 2022 compared to South Korea’s US＄32,410, according to the Directorate General of Budget, Accounting and Statistics (DGBAS). This economic victory can be attributed to Taiwan’s higher growth rate in recent years and the greater depreciation of South Korea’s won. Taiwan had been trailing behind South Korea in terms of GDP per capita since 2003, but the gap between the two has been consistently shrinking. Additionally, in financial market news, Taiwan’s stock index has also advanced beyond Hong Kong’s for the first time in nearly 31 years, with the Taiwan Stock Exchange index closing at 17,370 points, outpacing the Hang Seng Index, which was weighed down by China’s low-earning equities and closed at 16,993.