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Taiwan’s car rental market booms with sharing services
The sharing economy is gaining momentum in Taiwan, with car-sharing services emerging as a popular choice among consumers seeking convenient and flexible transportation options. Service providers are now enhancing their platforms to connect their car marketplaces and resources, aiming to attract more users.
1天前
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Taiwan launches association to boost digital economy
Discover how Taiwan is advancing its digital economy through the launch of the Taiwan Parliamentary Exchange and Promotion Association for Digital Technology and the New Economy, led by DPP legislator Michelle Lin. This initiative aims to foster government-industry cooperation and includes plans for talent transformation, international exchanges, and smart city policies.
2024/06/11 15:26
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Taipower urged to end reliance on government subsidies
Discover how Taiwan’s new Economic Affairs Minister, J.W. Kuo, advocates for Taiwan Power Company’s financial independence, challenging the current reliance on government subsidies amid significant losses.
2024/06/07 10:26
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Barry Lam tops Forbes Taiwan’s richest list with US$11.7B
Discover how Barry Lam became Taiwan’s wealthiest individual with a net worth of $11.7 billion, according to Forbes Taiwan’s Richest 2024 list. Learn about Taiwan’s economic growth and the tech industry’s role in shaping wealth.
2024/05/31 14:50
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Thailand doubles visa-free stay to 60 days for 93 countries
Discover how Thailand’s new visa measures for travelers from Taiwan and 92 other countries aim to boost its economy by doubling the stay limit to 60 days and targeting 40 million visitors this year.
2024/05/29 16:27
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Taiwan’s new Premier outlines foreign policy goals
Discover how Taiwan’s new Premier Cho Jung-tai aims to foster democracy, peace, and prosperity with a comprehensive foreign policy system. Learn about his plans for national defense, economic innovation, and environmental goals.
2024/05/29 16:06
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Premier Cho Jung-tai takes helm, focuses on Taiwan’s economy
Discover how Taiwan’s new Premier Cho Jung-tai is tackling economic challenges with a focus on innovation and U.S. support on his first day in office. Read about the strategic meeting that sets the tone for future growth.
2024/05/23 10:17
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Han Kuo-yu reassures on Taiwan’s democratic resilience
Discover how Taiwan’s Legislative Yuan Speaker, Han Kuo-yu, champions the resilience of Taiwan’s democracy and its economic evolution at ANEX 2024, amid parliamentary conflicts and international scrutiny.
2024/05/22 16:59
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MOA to launch voucher program to boost Hualien’s economy
Discover how Taiwan’s Ministry of Agriculture plans to revitalize Hualien’s tourism and agriculture with a NT$183 million voucher program starting July 1, following a recent earthquake.
2024/05/15 12:05
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US warns: Economic fallout if China takes over Taiwan’s TSMC
Discover how U.S. Secretary of Commerce Gina Raimondo warns of the severe impact on the U.S. economy if China takes control of Taiwan’s TSMC, a key semiconductor supplier.
2024/05/09 14:21
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Taiwan faces underground tourism risk amid China travel ban
Explore the impact of a potential ban on Taiwanese travel groups to China starting June 1, as discussed by Chen Yi-hsuan. With 80% of Taiwan’s travel agencies involved with China, the industry faces the risk of unregulated tourism. Efforts to negotiate with China have begun, highlighting the economic significance of Chinese tourists to Taiwan and urging the new government to prioritize cross-strait exchanges. Concerns over legal, safety, and transportation issues are also raised by industry leaders.
2024/05/07 14:42
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Report: healthcare, tech lead in Taiwan’s graduate salaries
Explore the latest insights on the starting salaries for university and postgraduate entrants in Taiwan’s workforce for 2023, including sector-specific averages, employment trends, and the impact of the global economy on hiring practices.
2024/04/30 18:28
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Vice President Lai visits China Steel, eyes net-zero goal
Explore Vice President Lai Ching-te’s visit to China Steel Corporation in Kaohsiung, where he delved into the company’s efforts toward net-zero carbon emissions, highlighting its role in Taiwan’s economic growth and sustainable development.
2024/04/26 22:13
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Taiwan’s economy to grow by 3.29% amid inflation concerns
Explore the latest economic forecasts for Taiwan as the Taiwan Institute of Economic Research projects a GDP growth of 3.29% and a CPI increase to 2.13%. Amidst stable domestic demand and expanding exports, concerns over rising costs and geopolitical tensions loom. With cautious business investments and the global economic climate’s uncertainties, Taiwan navigates through challenges towards growth.
2024/04/26 16:27
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Taiwan’s economic surge amid digital revolution
Explore Taiwan’s optimistic economic future through the eyes of NDC Minister Kung Ming-hsin, highlighting the nation’s digital transformation, resilience against natural disasters, and robust foreign investment growth amidst geopolitical challenges.
2024/04/24 18:03
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Hualien’s Hotel Fouquet demolition disrupts local businesses
In Hualien, the Hotel Fouquet, compromised by a recent earthquake, is undergoing demolition, impacting local businesses like the Zhou family dumpling shop. The process, led by the Hualien Construction Office, aims for completion in two weeks, using a method for safety and efficiency. This has further strained the local economy, already suffering from reduced tourism.
2024/04/24 11:00
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Kosovo delegation visits Taiwan to strengthen bilateral ties
Explore the strengthening of Taiwan-Kosovo relations as former Kosovo Prime Minister Avdullah Hoti visits Taiwan, aiming to foster deeper ties in democracy, economy, and education. This significant visit, marked by discussions on cooperation and shared democratic values, underscores both nations’ commitment to advancing bilateral relations and international participation.
2024/04/19 13:59
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Taiwan’s rising rents: pandemic, war, and interest rates
the year-over-year (YoY) rate in the rent index has been around 2% for the past two years, a relatively high level. The YoY growth rate in March was 2.24%, the highest increase in the past year. Over the past decade, the average annual increase in the rent index was 1.1%. However, since July 2022, the growth has exceeded 2% and has remained at this level. DGBAS officials pointed out three main factors that contributed to the rise in rent. First, the cost of maintaining houses has increased. In recent years, the increase in residential maintenance costs has been significant, with a sharp rise of 5.8% in 2022 and increases of over 3% in 2023 and 2024.
2024/04/12 18:00
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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
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Lai Ching-te to boost economy with industry exchanges
President-elect Lai Ching-te plans to boost Taiwan’s industrial development by engaging with key industries like machine tools and machinery. He aims to collaborate with the Ministry of Economic Affairs to promote economic growth post-inauguration. Lai has already visited various industries and emphasized the importance of the machinery sector in Taiwan’s economy.
2024/04/02 17:07
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Taiwan’s economy glows green for stability in February: NDC
Taiwan’s NDC reports economic stability with a green light status for February, driven by production and export improvements linked to AI themes. Officials anticipate continued growth in March, citing positive trends in manufacturing, consumer confidence, and foreign trade. Investment in emerging technologies and R&D, along with steady public investment, are expected to sustain momentum.
2024/03/28 17:54
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TSMC to build 2 advanced chip facilities in Chiayi
Vice Premier Cheng Wen-tsan announces TSMC’s plan to build two cutting-edge chip packaging CoWoS facilities in Chiayi Science Park, with construction set to begin in May 2024. The project is expected to create around 3,000 job opportunities and boost the local economy.
2024/03/18 15:17
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China’s Premier sets economic, diplomatic goals at NPC
The 14th National People’s Congress in Beijing saw Premier Li Qiang deliver his first government work report, emphasizing the "One China" principle and opposing "Taiwan independence." The report highlighted progress in military and national defense construction, with no press conference held this year. Plans include boosting employment opportunities and achieving 5% GDP growth. Last year, China’s economy showed recovery with a 5.2% GDP increase.
2024/03/05 14:47
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Taiwan’s economic shows stability: NDC
Stay updated on Taiwan’s economic progress as the National Development Council reports a stable outlook for January 2024. Economic indicators show positive trends in production, investment, sales, and finance, signaling continued recovery. Follow the transition from recession to a transitional economy in key sectors, reflecting a promising shift in Taiwan’s economic landscape.
2024/03/04 18:06
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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