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  • Premier-designate announces new cabinet appointments

    Discover the latest developments in Taiwan’s political landscape as Premier-designate Cho Jung-tai unveils the fifth wave of cabinet appointments, emphasizing continuity, dynamic leadership, and a vision for national unity and innovation.
    2024/04/23 15:05
  • Tuvalu to reconsider Taiwan ties post-election: Official

    Tuvalu’s Finance Minister Seve Paeniu has stated that the nation will review its diplomatic relationship with Taiwan following its recent election. Concerns have been raised regarding the bilateral relationship with Taiwan and the security and migration pact with Australia. This marks the first time a Tuvaluan official has suggested the possibility of abandoning its diplomatic ties with Taiwan, which have been in place since 1979, and switching allegiance to Beijing. The decision will depend on which partner country can support Tuvalu’s developmental priorities and expectations.
    2024/01/24 12:45
  • China rebukes Philippines over Taiwan election congrats

    The Ministry of Foreign Affairs of China objected to Philippine President Ferdinand Marcos Jr.’s congratulatory message to President-elect Lai Ching-te, citing a violation of the "One China" principle and the diplomatic tie agreement between China and the Philippines. China’s Foreign Affairs office expressed strong dissatisfaction with Marcos Jr.’s remarks and lodged a vehement protest. An assistant minister of the Agricultural Finance Ministry summoned the Philippine ambassador to China over the matter. China urged the Philippines to refrain from making erroneous statements and actions regarding Taiwan and to respect the "One China" principle in order to maintain robust and stable China-Philippine relations.
    2024/01/16 19:01
  • Taiwan exports to hit US$400B, third-highest on record

    Taiwan’s exports for 2023 are projected to exceed US$400 billion, making it the third-highest on record. Minister of Finance Chuang Tsui-yun expressed confidence in the sustained positive trend, with monthly exports in the fourth quarter expected to surpass US$30 billion each. The country has accumulated US$355.1 billion in export figures for the first ten months, putting it on track to achieve the forecast. Year-end stockpiling needs, emerging technologies, and opportunities in artificial intelligence contribute to cautious optimism for November and December’s export performance. Taiwan’s full-year exports are anticipated to trail behind the US$446.4 billion seen in 2021 and the US$479.4 billion in 2022. Since 2017, Taiwan’s annual exports have consistently surpassed US$300 billion, a significant increase from the figures prior to 2016. The Directorate General of Budget, Accounting, and Statistics forecasts a 6.3 percent export growth rate for the coming year.
    2023/12/04 20:31
  • Taiwan’s 2023 exports on track to hit US$400B milestone

    Taiwan’s Finance Minister, Chuang Tsui-yun, projects that Taiwan’s total export value for this year will exceed US$400 billion, marking the third-highest record in Taiwan’s history. The nation’s exports for the first ten months of the year have already reached US$355.1 billion. Despite a slight decline in October, Taiwan’s export sector has shown signs of resilience, with positive growth in September. Chuang advises industry leaders and government departments to closely monitor global economic factors, such as inflation and the interest rate hike cycle, which may impact exports. Cautious optimism is emphasized for exports in the fourth quarter and beyond.
    2023/12/04 14:03
  • MOEA head promises negotiation on tax cut for young workers

    Taiwan’s Minister of Economic Affairs, Wang Mei-hua, has promised to address a tax cut for young workers in continued negotiation with the Ministry of Finance. Kuomintang (KMT) Legislator Yang Chiung-ying has highlighted concerns over low salaries in Taiwan, noting that the median wage is NT$42,000, the lowest among the Four Asian Tigers. To address this issue, Yang has suggested increasing the age for tax incentives for small and medium-sized enterprises (SMEs) hiring young employees from under 24 to under 30. This policy change, according to the legislator, could significantly help young people struggling with low wages. In response, Wang stated that the government would discuss the proposal with the Ministry of Finance and emphasized their efforts to reduce taxes to tackle the issue of low wages for young workers.
    2023/11/06 20:34
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