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  • Din Tai Fung raises menu prices by 6% amid rising costs

    Discover how Din Tai Fung’s recent price hike, affecting 80% of its menu including favorites like xiaolongbao, is a response to rising operational costs. Learn about the restaurant’s efforts to balance quality with increased labor expenses and how other Chinese cuisine chains are also adjusting prices.
    2024/06/14 16:11
  • Quake in Hualien leads to higher fruit and vegetable costs

    Following a recent earthquake in Hualien, transportation costs for fruits and vegetables have surged, as reported by Chang Te-chi, secretary-general of the Ji-an Township Farmers’ Association. The damage has forced trucks to take a longer route, doubling travel time and causing frost damage to produce. Despite stable prices due to government efforts, concerns grow over rising expenses if the Suhua Highway remains closed. The Agriculture Development Department of Hualien County and the Taipei Agricultural Products Marketing Corporation highlight the financial strain on farmers and the logistics challenges faced, including increased labor costs and the impracticality of using refrigerated trucks on alternative transport modes.
    2024/04/24 15:26
  • Premier considers unified Labor Day holiday amid challenges

    Premier Chen Chien-jen considers a unified Labor Day holiday in Taiwan, but faces challenges. Democratic Progressive Party Legislator Lin I-chin raises concerns about added costs for police and firefighters. Minister of the Interior Lin Yu-chang emphasizes the need for consensus, while Directorate-General of Personnel Administration Personnel Division Director-General Su Chun-jung calls for further impact assessment.
    2024/03/05 17:14
  • Yannick cake chain to shut 6 stores amid market shake-up

    Yannick, the pioneer of Taiwan’s cream roll cake, is set to close six stores nationwide as part of its 2024 strategy adjustment due to labor shortages and high raw material costs. Despite this, Yannick Chairman Wu Tsung-en remains optimistic about the company’s operations and plans to launch 30 additional Yannick To Go Machine (YTM) cake vending machines. Founded in 2000, Yannick is known for being the first cake shop to specialize in slice cakes and later introduce the cream roll cake.
    2024/02/27 13:48
  • Ko highlights Taiwan’s challenges under DPP rule

    Taipei mayoral candidate Ko Wen-je criticized the Democratic Progressive Party’s (DPP) governance in Taiwan, pointing out various shortcomings such as shortages of land, water, electricity, talent, and labor during Lai Ching-te’s tenure as premier. Ko also claimed that Taiwan is currently lacking eggs, pork, vaccines, health screening resources, and even toilet paper. He further highlighted present issues including low birthrates, national security risks from an aging population, wage stagnation, inflation, slow industrial transformation, and high housing costs. Ko accused the government of not allocating special budgets for expenditures, resulting in an alleged surplus of NT$900 billion, and criticized their lack of transparency. He expressed disappointment with the DPP’s failure to address issues left by the Kuomintang (KMT) after eight years in power. Additionally, Ko mentioned that Taiwanese people generally feel insecure about the current status of the Taiwan Strait, which has caused societal discord, political factions, and cross-strait unrest.
    2023/12/30 17:05
  • Popular tea chain to raise prices due to rising costs

    50 Lan, a renowned tea beverage chain in Taipei, is set to raise its prices in 2024 due to increased operational and sales costs. Influenced by ingredient costs and labor shortages, the hike marks a potential trend in Taiwan’s popular hand-shake beverage market.
    2023/12/28 18:42
  • 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
  • Taiwan eyes digital innovation in healthcare assessments

    The Ministry of Health and Welfare (MOHW) in Taiwan is planning to promote digitalization in healthcare, with a focus on incorporating digital development into healthcare quality metrics. This initiative aligns with national policy directives and aims to support the national plan for digital policy. The successful pilot of virtual National Health Insurance (NHI) cards during the COVID-19 pandemic was highlighted as part of the broader commitment to digitalization. The MOHW, with support from the Ministry of Digital Affairs (MODA), is providing technological budget support for the cloud-based transition of health insurance systems at grassroots clinics. The goals of Taiwan’s digitalization healthcare system include reducing manpower on the medical end, improving healthcare quality, and increasing convenience for patients. The future strategy of the MOHW will combine financial subsidies with policy mandates, starting with medical centers. The plan is to encourage the integration of digital development into healthcare quality assessment, with the aim of fostering innovation, reducing labor costs, and enhancing healthcare quality.
    2023/12/19 15:11
  • Taiwan’s social protection expenditure hits NT$2.53T in 2022

    Taiwan’s Social Protection Expenditure (SPE) for 2022 has reached a new high of NT$2.5342 trillion, according to the Directorate-General of Budget, Accounting and Statistics (DGBAS). This represents a 4.9% growth rate and an increase of NT$118.1 billion compared to the previous year. The DGBAS attributes the significant growth to factors such as increased costs related to COVID-19 vaccine procurement and vaccination efforts, higher National Health Insurance payments, and increased funding for childcare allowances and educational subsidies. Social security spending in Taiwan aims to mitigate risks or burdens associated with aging, disabilities, survivors, sickness and healthcare, childbirth, family and children, unemployment, occupational injuries, and housing, following the standards of the International Labor Organization (ILO).
    2023/12/16 13:23
  • NPP urges ban on wage law violators from gov’t bids

    The New Power Party (NPP) has called for stricter regulations on minimum labor wages, proposing that manufacturers who violate laws should be banned from government procurement. The NPP emphasizes equal representation in decision-making, with a "1:1:1" ratio of labor, capital, and government-academic parties. They argue that adjustments to the minimum wage should not fall below the annual Consumer Price Index (CPI) growth rate, linking wage increases to inflation and cost of living adjustments. NPP Chairwoman Claire Wang advocates for strict penalties, including adding violators to a government procurement blacklist. The NPP’s draft is inspired by France’s minimum wage laws, aiming to protect workers’ living standards in the face of rising costs.
    2023/12/12 13:11
  • 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
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