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  • Survey: 70% of Taiwan workers feel economic pinch

    Nearly 70% of Taiwan workers face economic pressure, managing on a budget close to the basic salary. They adapt some strategies for financial survival.
    2024/07/05 16:36
  • 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
  • Taiwan holds steady on water prices amid economic debate

    Taiwan’s Minister of Economic Affairs, Wang Mei-hua, addresses concerns over potential water and electricity price hikes. Wang assures no immediate plans for water price increases and remains cautious on addressing the issue. Legislators advocate against compounding effects of electricity rate hikes and warn of potential inflation spikes. Discussions continue on balancing household electricity costs and industry consumption subsidies.
    2024/03/13 19:11
  • Taiwanese airlines add more flights to Kyushu region

    Explore the economic ripple effects of TSMC’s new fab in Kumamoto, Japan, on local markets and Taiwan’s airline industry, with increased flights and market potential for business and tourism.
    2024/02/20 16:39
  • Taiwan’s industrial power demand drops post-summer: TRI

    The Taiwan Research Institute (TRI) reports a decrease in electricity demand in September, following the end of the summer peak period for consumption. The TRI’s October Taiwan EPI shows a 0.16% growth in high voltage electricity usage across national industries compared to the same period in 2022. However, this growth is smaller than the increase seen in September. TRI President Wu Tsai-yi attributes the deceleration in economic growth to global inflation, interest rate hikes, and ongoing geopolitical crises. Despite these challenges, the domestic electronic technology industry has experienced successful inventory turnover due to the rise of AI applications, the launch of new consumer electronics, and stockpiling for the end-of-year shopping season. With sustained private consumption momentum and negative economic growth factors in the fourth quarter of 2022, a significant increase in economic growth to 4.4% is estimated for October. Wu predicts a gradual return to normalcy for global economic and business activities as the effects of inflation and interest rate increases diminish.
    2023/11/22 17:23
  • KMT legislator demands answers on effects of ending ECFA

    KMT legislator Fei Hung-tai demanded responses from Premier Chen Chien-jen and Minister of Economic Affairs Wang Mei-hua regarding the potential impact of terminating the Economic Cooperation Framework Agreement (ECFA) on Taiwan’s industries. Chen stated that the main industries affected would primarily be petrochemicals, textiles, machinery, and automobile parts.
    2023/11/01 11:24
  • Taiwan’s monthly minimum wage expected to exceed NT$27K

    Taiwan’s Minister of Labor, Hsu Ming-chun, confirms the upcoming deliberation on raising the minimum wage by 3-3.2%. Citizens express concerns over inflation’s impact on their livelihoods.
    2023/08/17 22:52
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