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Vice Premier announces audit of high-tech firms’ land use
Vice Premier Cheng Wen-tsan announces audit of land use for high-tech firms in Taiwan. Government is committed to providing options for all high-tech companies, including TSMC.
2023/10/25 16:25
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China’s headhunting of Taiwanese tech talent raises concerns
Taiwan’s Minister of Economic Affairs emphasizes the importance of key tech industries to the country’s economy and the need to protect them from corporate espionage. The high-tech sector in Taiwan has attracted attention from mainland China, resulting in the headhunting of Taiwanese tech talent. In response, Taiwan amended its National Security Act to impose stricter penalties for theft of business secrets. Additionally, Taiwan’s industrial production index has declined for 16 months, but there are signs of increased demand in the AI industry chain. Despite uncertainties in consumer behavior and global economic recovery, industry feedback suggests potential growth in future quarters.
2023/10/24 13:55
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Taiwan’s industrial production drops 6.72% YOY in September
Taiwan’s Ministry of Economic Affairs reported that the Industrial Production Index for September 2023 decreased by 6.72% compared to the same month in the previous year. The manufacturing industry experienced a decline rate of 7.01%, marking 16 consecutive months of negative growth.
2023/10/24 11:53
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MOFA arranges repatriation flight from Tel Aviv to Rome
The Ministry of Foreign Affairs (MOFA) has arranged a repatriation flight for Taiwanese nationals and compatriots in Israel to leave the country. The flight is scheduled to depart from Tel Aviv Airport and arrive at Rome International Airport in Italy. Remaining seats will be offered to embassy personnel and overseas Chinese from friendly countries. MOFA and the Taipei Economic and Cultural Office have been assisting Taiwanese nationals in leaving Israel since a terror attack by Hamas on October 7. So far, 157 Taiwanese nationals have been successfully evacuated.
2023/10/19 16:49
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MOFA assists departure of 156 nationals from Israel
Taiwan’s Foreign Minister Joseph Wu announced the departure of 156 Taiwanese nationals from Israel while 147 chose to stay amid rising tensions. The Ministry of Foreign Affairs has also escalated its travel advisory for Israel to "orange" following a recent attack by Hamas.
2023/10/17 17:24
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MOFA clarifies assistance efforts amid Israel-Hamas war
The Ministry of Foreign Affairs in Taiwan responds to allegations by a stranded Taiwanese traveler in Israel, expressing regret and countering the claims. The traveler accused the Ministry of providing insufficient assistance during violent clashes in Palestine. The Ministry clarifies that the traveler received no aid from his airline and sought help from the Taipei Economic and Cultural Office in Tel Aviv, but found their advice unsympathetic. The Ministry expresses regret and disappointment towards the unverified statements, emphasizing their attempts to assist the traveler and the necessity of online booking for confidential information. They also highlight their commitment to helping travelers return home amidst the conflict and express regret over baseless allegations impacting their personnel’s morale.
2023/10/11 11:11
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Taiwan accuses China of using trade as political tool
China’s decision to extend its trade barrier investigation into Taiwan, which coincides with the upcoming elections, is seen by Taiwan’s Executive Yuan as a politically motivated move to interfere with the elections. The Executive Yuan argues that this action violates World Trade Organization (WTO) rules. Taiwan maintains that it has not violated any WTO rules and criticizes China’s investigation process as opaque and discriminatory. The extension of the investigation date is seen as further evidence of China’s political agenda. Both the Executive Yuan and the Mainland Affairs Council call on China to stop politicizing trade issues and adhere to WTO regulations in resolving disputes.
2023/10/09 21:14
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Taipower to expect over NT$460B cumulative loss by 2023
Taiwan’s state-owned Taipower has reported a loss of NT$130 billion for the first half of 2023, despite the recent government decision to raise electricity prices for industrial users. The cumulative losses over two years are projected to exceed NT$460 billion by the end of the year.
2023/10/04 20:19
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2023 Taiwan Design Expo set for debut in New Taipei City
The 2023 Taiwan Design Expo, co-hosted by New Taipei City and the Ministry of Economic Affairs’ Industrial Development Bureau, will be held for the first time in the city.
2023/09/06 15:16
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Vice Premier assures sufficient energy in Taiwan
Vice Premier Cheng Wen-tsan assured Taiwan on Wednesday (July 5) that it would have sufficient electricity and urged the continuation of green energy development.
2023/07/05 16:32
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MOEA head says 2025 nuclear-free goal remains unchanged
Taiwan’s Minister of Economic Affairs, Wang Mei-hua, emphasized that the government’s goal to become nuclear-free by 2025 remains unchanged on Monday (June 12).
2023/06/12 19:28
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Taiwan could face power outages within 2 weeks of war
The Ministry of Economic Affairs (MOEA) has recently stated that Taiwan’s natural gas reserve could only last for 11 days in the event of an attack that cuts off the island’s airways and ships, resulting in potential nationwide power outages.
2023/04/12 16:44
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Exclusive: Hydrogen-filled balloons sold at Taichung Park
A TVBS reporter has uncovered a concerning issue at Taichung Civic Square, where numerous balloon vendors are illegally selling hydrogen-filled balloons. This dangerous practice is putting thousands of visitors to the park at risk of explosions.
2023/03/21 18:00
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Taiwan to extend electric scooter purchase subsidy till 2026
Taiwan’s Minister of Economic Affairs Wang Mei-hua announced on Monday (Dec. 12) that the MOEA has been allowed to continue providing up to NT$7,000 in subsidies for electric scooter purchases.
2022/12/13 17:01