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KMT foundation displeased by Taiwan’s tourism policies
The Kuomintang’s National Policy Foundation critiques Taiwan’s tourism policies, stressing the need to attract Chinese tourists to boost the post-pandemic economy.12小時前 -
Labor ministry reports rise in workers on reduced hours
Taiwan’s Ministry of Labor reports 302 companies cut work hours, affecting 4,705 workers. Export declines and slow tourism recovery impact employment.2024/10/16 13:41 -
Taiwan Central Bank holds interest rate steady for 3rd time
Taiwan’s central bank has announced that it will maintain its interest rate for the third consecutive time in its quarterly board meeting. The decision was influenced by price changes and the need to balance stabilizing consumer prices with sustaining economic growth. Despite rising consumer prices due to natural disasters, the central bank remains optimistic and expects the inflation rate to drop below 2% next year. Forecasts for Taiwan’s GDP growth rate in 2023 are more positive, projected to reach 3.12%. This is supported by increasing private consumption, particularly in tourism and dining, as well as the central bank’s expectation of a global export increase to stimulate local investment and drive economic recovery. In contrast to the Federal Reserve in the U.S., Taiwan’s central bank stated that its monetary policy approach would be adjusted gradually based on the country’s economic conditions. Despite high housing prices, the central bank has decided against imposing stricter measures or withdrawing from market intervention to avoid further impact on the property market.2023/12/15 16:31