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  • Semiconductor industry optimistic despite challenges

    Discover insights from the "2024 Global Semiconductor Industry Survey" by KPMG, revealing optimism among executives despite challenges, with 85% expecting revenue growth and strategies for supply chain diversification.
    2024/04/26 21:50
  • Taiwan and US see rise in vending machine use

    Explore how vending machines are becoming a more common sight in Taiwan and the US, offering a variety of refreshments and conveniences from frozen treats to hot meals, with some incorporating AI for improved functionality.
    2024/04/23 17:05
  • Anime hit "Haikyu!!" scores big in Taiwan theaters

    "The anime movie ’Haikyu!!: The Dumpster Battle’ breaks box office records in Taipei, surpassing ’The First Slam Dunk’ with over NT$75 million in earnings. Its success reflects the series’ popularity, highlighting the story of high school volleyball players. The film’s impressive opening in Japan also ranks it as the fourth highest-grossing film on its debut day."
    2024/04/16 15:55
  • Taiwan debates over menstrual products tax exemption

    Explore the debate in Taipei as lawmakers advocate for sales tax exemption on menstrual products, facing opposition from the Ministry of Finance over concerns of insufficient consumer benefits and potential NT$380 million annual revenue loss. Amidst discussions on gender wage gaps and period poverty, the ministry highlights the challenges of tax exemption policies and the broader implications for the tax system.
    2024/04/10 13:43
  • Hengchun peninsula thrives during 2024 Taiwan Music Festival

    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.
    2024/04/08 17:41
  • Taipower struggles with losses amid calls for reform

    National Audit Office Auditor-General Chen Jui-min calls on Taiwan Power Co. (Taipower) to enhance management and boost revenue amid consecutive losses. Chen emphasizes the need for electricity price adjustments and debt interest reduction. Kuomintang Legislator Lin Ssu-ming questions Taipower’s deficits and government subsidies, urging a review of energy policy. Chen confirms NT$100 billion subsidy and stresses the importance of green energy for profit sustainability.
    2024/04/02 18:13
  • Taiwan leads in tourist spending in Japan for 2023

    In 2023, Taiwan led foreign tourist spending in Japan, with Taiwanese visitors contributing significantly to the country’s tourism revenue. Find out more about the record-breaking spending trends and top spenders in this insightful report.
    2024/04/02 17:05
  • Taiwan High Speed Rail hits record 70M passengers in 2023

    Taiwan High Speed Rail Corporation (THSRC) reports record-breaking figures for 2023, with over 70 million passengers and NT$49.8 billion in revenue, leading to a pre-tax net profit of NT$9.7 billion. Commuters face challenges due to overcrowding, with standing room often unavailable during peak hours. THSRC plans to address this by increasing non-reserved seating capacity and adding more trains during peak travel periods.
    2024/04/02 16:04
  • IMO eyes carbon tax on shipping by 2027

    The United Nations International Maritime Organization (IMO) is contemplating a greenhouse gas emission tax on the maritime industry from 2027, potentially marking the first global sector to face a mandatory carbon fee. This tax aims to address the industry’s significant contribution to global emissions and could drive the adoption of eco-friendly practices among shipowners. The potential revenue of US$100 billion annually may also aid developing nations in combating climate change. Despite uncertainties surrounding the tax’s implementation and impact, IMO Secretary-General Arsenio Dominguez is resolute about establishing a pricing mechanism.
    2024/03/26 17:50
  • Taipei mayor urges empathy over rising electricity costs

    Taipei Mayor Chiang Wan-an urges central government to empathize with public and small businesses amid electricity price hike concerns. Young homeowners worried about impact on quality of life. City government working to mitigate effects through increased revenue and reduced expenditure.
    2024/03/25 15:06
  • Taiwan’s convenience stores hit 14-year revenue high

    Discover how convenience stores in Taiwan achieved record-breaking revenue of NT$412.6 billion in 2023, with individual stores surpassing NT$30 million in sales. Explore the growth strategies, consumer trends, and co-branding initiatives that have propelled this sector to new heights.
    2024/03/15 15:40
  • Taiwan rejects cash handouts despite tax surplus

    The Minister of the Directorate-General of Budget, Accounting and Statistics in Taiwan clarifies that there will be no general cash distribution from tax surplus this year, despite speculation. The surplus, amounting to NT$386 billion, will not lead to a repeat of last year’s NT$6,000 distribution due to financial considerations and the need for special legislation.
    2024/03/13 18:35
  • Legislators urge inclusive HPV vaccine program in Taiwan

    Lawmakers and health advocates in Taipei call for gender equality in cancer prevention policy, pushing for junior high school boys to be included in the public HPV vaccination program. Data shows higher rates of oral HPV infections and head and neck cancer in males. Taipei City has already allocated funds for HPV vaccinations for boys, with calls for nationwide implementation. Suggestions include using increased tobacco health surcharge revenue to fund vaccinations. Calls for equal opportunities in cancer prevention measures for all students and a focus on lowering cancer risks for children.
    2024/03/05 17:23
  • Kaohsiung bids adieu to giant rubber ducks

    The iconic rubber ducks by Dutch artist Florentijn Hofman bid farewell to Kaohsiung after a successful exhibition, drawing over 8 million visitors and generating NT$14 billion in tourism revenue. The beloved ducks have been spreading joy and peace globally since 2007, with Taiwan marking another milestone in their journey.
    2024/02/26 11:22
  • Taiwan High Speed Rail hits record 73 million riders in 2023

    Taiwan High Speed Rail (THSR) achieved record-breaking success in 2021, transporting 73.08 million passengers and generating NT$49.8 billion in revenue. THSR aims to surpass NT$50 billion this year, attributing its growth to changes in commuting behavior post-pandemic and enhanced services like frequent ventilation for pandemic prevention. The surge in passenger willingness to use THSR has led to increased travel numbers, with a peak of 310,000 passengers in a single day during the Lunar New Year holiday. THSR serves various purposes, including commuting, business, homecoming, and tourism, with 4.02 million people utilizing the high-speed rail for tourism last year. Additional trains and service enhancements have been implemented to encourage passengers to travel during off-peak hours.
    2024/02/22 17:42
  • 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
  • A feast of tradition and festive warmth on Dihua Street

    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.
    2024/02/08 12:30
  • Taipei Zoo admission fees to rise starting April

    Taipei Mayor Chiang Wan-an announced that ticket prices for Taipei Zoo will increase from April 1. The current standard entrance price is NT$60, with discounted tickets at NT$30. However, starting April 1, non-Taipei residents will pay NT$100 per ticket, while student discounts will be raised to NT$50 regardless of residency. Children under 12 and elderly Taipei residents will still have free admission. Group tickets for organizations purchasing for more than 30 people will have a preferential price of NT$70 per person. The increased prices will contribute to improved animal welfare initiatives, and Taipei Zoo expects the price adjustment to increase the city’s revenue by about NT$41 million. The zoo recently underwent an evaluation by the Association of Zoos and Aquariums, with funds raised from the revised ticketing primarily going towards enhancing animal welfare and strengthening international relations and exchanges.
    2024/02/07 12:06
  • Supermicro stock soars after surpassing financial forecasts

    Supermicro, the U.S.-based server and computer manufacturer, experienced a stock price surge of over 10% during after-hours trading on Jan. 29. This increase followed the release of the company’s financials for the October-December 2023 period, which exceeded market expectations. Supermicro upgraded its full-year revenue outlook for the 2024 fiscal year from US$10-11 billion to US$14.3-14.7 billion. The current quarter’s sales estimate is US$3.7-4.1 billion, with an adjusted earnings per share of US$5.20-US$6.01. Net sales for the company have more than doubled from US$1.8 billion in the same period last year to $3.66 billion, surpassing the market estimate of US$3.42 billion. Supermicro CEO Charles Liang attributed the company’s success to winning new partners and the increasing demand for its optimized AI computer platforms and comprehensive IT solutions.
    2024/01/30 17:46
  • LINE Pay soars 195% in market debut, hits NT$1030

    LINE Pay, a mobile payment provider, had a successful over-the-counter market debut in Taipei, with shares soaring 195% from the listing price of NT$348 to a record high of NT$1030. The company’s financial documents reveal a capital of NT$600 million and earnings per share of NT$8.04 in 2022. LINE Pay’s revenue for 2022 reached NT$3.62 billion, demonstrating consistent growth over the past four years. With over 500,000 payment locations and more than 7 million active users out of 12 million customers in Taiwan, LINE Pay predicts that its revenue will increase to NT$4.78 billion in 2023. Notably, nearly half of the population in Taiwan are LINE Pay users. In terms of revenue share in 2023, transaction fee income accounted for 83%, financial promotion collaborations for 12%, and marketing product sales for 5%, according to LINE Pay’s statement.
    2024/01/26 17:23
  • Taiwan announces budget surplus for 7th straight year

    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.
    2024/01/25 16:34
  • Surplus tax revenue in Taiwan opens debate on spending

    Taiwan’s government confirms budget surplus, prioritizes debt repayment and infrastructure investments. Cabinet spokesman Lin Tze-luen expresses gratitude for joint efforts leading to economic growth. Taiwan’s annual tax revenue exceeds target, reaching NT$367.1 billion in fiscal year 2023, marking the third-highest record. Speculation arises on possible cash rebate as government distributed NT$6,000 to citizens in 2022 surplus. Lin Tze-luen declares government will consider public opinion on surplus utilization. Surplus will be applied with fiscal discipline, focusing on debt repayment and infrastructure investments. Efforts will be made to meet national and individual needs for sustainable development.
    2024/01/25 15:15
  • Apple Music Classical launches in Taiwan with over 5M tracks

    Apple has launched its dedicated classical music app in Taiwan, called Apple Music Classical, which offers over 5 million songs and compositions. The app includes a spatial audio function for a unique listening experience and provides information such as the work’s name, orchestra, conductor, performers, and recording year. It also offers curated playlists, exclusive recordings, composer biographies, and guides to significant works. This launch is part of Apple’s efforts to expand its streaming service ecosystem, with Apple Music chief Oliver Schusser stating that classical music forms the foundation of all genres. The services department, which includes Apple Music, recorded a revenue surge of 16% year-on-year, reaching an all-time high of US$22.3 billion in the fourth quarter of the fiscal year ending in September 2023.
    2024/01/24 17:55
  • Marketech’s record revenues fuel semiconductor market growth

    Marketech International Corp., a semiconductor giant, is set to achieve new operational heights through factory expansion and the promotion of new business ventures, including 2-nanometer projects and advanced packaging. With high-profile orders exceeding NT$60 billion, the company anticipates robust financial health and ambitious expansion plans. In December 2023, Marketech achieved a record monthly growth rate of 12.7% and an annual surge of 13.8%, with consolidated revenue reaching NT$5.63 billion. Furthermore, the company’s accumulated annual consolidated revenue in 2023 reached NT$56.28 billion, marking a growth of 11.7%. These impressive results position Marketech as an emerging player in the global semiconductor market, poised for future growth and expansion through advanced technological strategies.
    2024/01/18 14:58
  • TSMC leads market surge amid global downturn

    Taiwan Semiconductor Manufacturing Co. (TSMC) leads Taiwan’s stock market with expectations of over 20% annual revenue increase. TSMC’s stock price stabilizes, opening at NT$580, raising market capitalization to NT$15.03 trillion. In contrast, major U.S. indices closed negatively on Wednesday. TSMC’s American Depositary Shares (ADR) decreased by 1.34%, closing at $100.17.
    2024/01/04 15:04
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