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Taiwan central bank freezes rates for fifth consecutive time
Taiwan’s central bank freezes interest rates for the fifth time, keeping the discount rate at 2%. Inflation is expected to drop below 2% amid global uncertainties.
2025/06/20 08:00
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Economic pressures drive Taiwan’s record-low fertility rate
Taiwan’s birthrate hit a record low in April, with only 8,684 newborns. Population declines continue, impacting labor markets. AI and automation are key strategies to address these challenges.
2025/06/06 18:09
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Taiwan stock market resilient despite trade tensions
Cathay Asia’s chairman is optimistic about Taiwan’s stock market, citing strong AI demand and U.S. cloud investments. He discusses tariffs, currency impacts, and TSMC’s growth.
2025/06/05 21:00
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Taiwan warns against market speculation on currency movement
The New Taiwan dollar rose to 30.145 against the U.S. dollar, a 9-cent increase. Central Bank Governor Yang Chin-long assured no exchange rate manipulation. Taiwan’s economy outperformed major countries, driven by foreign investment and U.S. dollar supply. The bank denied U.S. Treasury involvement in currency matters and urged caution against market speculation.
2025/05/05 17:23
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Taiwan’s Q1 economic growth hits 5.37%, highest in a year
Taiwan’s economy grew 5.37% in Q1, driven by strong exports and capital formation, says DGBAS. AI demand and easing supply issues boosted growth.
2025/04/30 21:00
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Taiwan’s CPI may exceed 2% due to electricity hike
Taiwan’s CPI may exceed 2% due to a potential electricity price hike, says TIER. The increase is linked to supply-side factors, not an overheated economy.
2025/03/25 15:00
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Taiwan forecasts 3.14% growth amid AI demand surge
Taiwan’s economy is set to grow by 3.14% in 2023, driven by AI and tech demand, according to Chen Shu-tsu of DGBAS. Last year’s growth outpaced regional peers.
2025/03/24 10:00
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Executive Yuan projects over 3% economic growth
Taiwan’s Executive Yuan projects inflation below 2% in 2025, with economic growth over 3%. Key initiatives focus on AI, smart healthcare, and green sectors.
2025/02/06 10:53
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Majority expect year-end bonuses of one to three months
Cathay Financial Holdings’ survey reveals 62% expect year-end bonuses of one to three months. Public optimism grows for 2025 salary increases and economic outlook.
2024/12/20 21:00
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Taiwan’s jobless rate hits 24-year low in October
Taiwan’s unemployment rate hit a 24-year low in October at 3.40%, according to DGBAS. The labor market remains stable, with employment rising and fewer working reduced hours.
2024/11/22 17:29
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Low birth rates challenge Taiwan’s future
Taiwan’s birth rate continues to decline, even in the Year of the Dragon, with fewer than 100,000 births recorded in 2024. Experts highlight the need for long-term solutions to address cultural and economic challenges.
2024/11/06 15:49
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Taichung councilors oppose 15% industrial electricity hike
Taichung City councilors criticize a 15% industrial electricity rate hike, warning it burdens small businesses and citizens. The Ministry of Economic Affairs’ decision sparks local concern.
2024/10/28 13:59
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Taiwan’s labor ministry to review minimum wage on Wednesday
Discover the details of Taiwan’s first minimum wage review meeting set for Wednesday, with a potential 4% increase discussed, aiming for the ninth consecutive year of wage hikes.
2024/09/02 15:59
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Taiwan’s real economic growth rate forecast raised to 3.88%
Discover the latest insights from Academia Sinica’s 2024 Taiwan Economic Forecast, highlighting a 6.56% GDP growth driven by global trade and tech demand. Learn about consumer trends, investment shifts, and future projections amidst uncertainties.
2024/07/31 18:10
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Premier boosts Taiwan economy with public sector wage raise
Taiwan plans to boost its economy with Premier Cho Jung-tai’s announcement of public sector wage increases and a projected 3.94% growth rate in 2024. Learn about the government’s initiatives to attract talent and investment, aiming to establish Taiwan as a leading asset management center in Asia.
2024/07/16 15:33
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Taiwan to raise salaries for military and public workers
Discover how Taiwan plans to boost salaries for military, public, and teaching personnel in 2023, following stable economic growth. Premier Cho Jung-tai emphasizes sharing economic achievements.
2024/07/04 13:35
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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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Experts call for monetary policy twist to boost investment
Explore how Taiwan’s excess savings rate, projected to reach 15.46% in 2024, indicates economic resilience yet poses challenges for growth. Learn about the government’s strategies to stimulate investment and spending.
2024/04/15 16:45
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Taiwan’s inflation rate projected to drop to 2%
Central Bank Governor Yang Chin-long predicts Taiwan’s inflation rate to drop to around 2% in 2024 due to expected international oil price decreases and modest service price increases. The Central Bank’s upcoming board meeting is anticipated to maintain the re-discount rate at 1.875%. Yang cites declining inflation rates and negative output gaps as key factors influencing the decision. Geopolitical conflicts and weather conditions pose uncertainties to Taiwan’s inflation trends.
2024/03/14 14:33
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China targets 5% GDP growth in Premier Li Qiang’s report
The second session of the 14th National People’s Congress in China opened with Premier Li Qiang setting a GDP growth target of around 5%. Last year’s GDP growth was 5.2%, ranking among the top of the world’s major economies. Li outlined key development goals, including job creation and environmental improvements. The premier acknowledged challenges in China’s economic recovery, emphasizing the need for effective demand. The decision to discontinue post-congress press conferences by the premier has raised speculation about policy transparency.
2024/03/05 16:05
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Taiwan’s MOEA to monitor electricity price changes
Stay updated on Taiwan’s economic landscape with the latest news from Minister of Economic Affairs Wang Mei-hua. Discover insights on electricity price fluctuations and their impact on domestic issues, as well as the government’s strategies to address losses incurred by Taiwan Power Company. Explore the projections for economic growth and inflation rates amidst industry recovery and upcoming events.
2024/03/01 15:56
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Taiwan tops South Korea in 2022’s GDP per capita
Taiwan’s GDP per capita has surpassed South Korea’s for the first time since 2003, reaching US$32,625 in 2022 compared to South Korea’s US$32,410, according to the Directorate General of Budget, Accounting and Statistics (DGBAS). This economic victory can be attributed to Taiwan’s higher growth rate in recent years and the greater depreciation of South Korea’s won. Taiwan had been trailing behind South Korea in terms of GDP per capita since 2003, but the gap between the two has been consistently shrinking. Additionally, in financial market news, Taiwan’s stock index has also advanced beyond Hong Kong’s for the first time in nearly 31 years, with the Taiwan Stock Exchange index closing at 17,370 points, outpacing the Hang Seng Index, which was weighed down by China’s low-earning equities and closed at 16,993.
2023/12/26 17:05
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Survey: near 60% in Taiwan expect 1-3 months’ year-end bonus
A new survey conducted by Cathay Financial Holding reveals that 59.3% of respondents expect their year-end bonuses for 2023 to be between one to three months’ worth of salary. Additionally, 45.9% of those polled anticipate a salary increase in 2024, with 9.2% expecting the raise to exceed 3%. However, only 8.3% foresee year-end bonuses topping three months’ salary, while 32.4% predict bonuses will fall below one month. In terms of regular monthly earnings in 2024, 47.6% of participants project stability. The survey also indicates that the average growth expectation for Taiwan’s economy in 2024 stands at 2.52%, with 70% of those surveyed predicting a growth rate above 2%. Respondents expect the inflation rate in 2024 to be 2.21%, with 55% believing it will remain above 2%. These figures differ from the projections by the Directorate-General of Budget, Accounting and Statistics, which forecasts a 3.35% growth rate and a 1.64% inflation rate for Taiwan in 2024. In December, the optimism index for Taiwan’s stock market rose sharply to 16.1 from -0.4 in November, and the risk appetite index increased from 10.3 to 13.9, indicating market anticipation of potential rate cuts by major central banks next year. The survey, conducted from Dec. 1 to 7, gathered 13,379 valid questionnaires via email from members of Cathay Life Insurance’s official website and customers of Cathay United Bank.
2023/12/20 20:00
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Nearly half in Taiwan expect pay hikes in 2024, survey shows
Nearly 46% of Taiwanese people expect a salary increase next year, according to a survey by Cathay Financial Holding Co. The survey also found that about 60% of respondents anticipate year-end bonuses ranging from one to three months’ salary, while 8.3% expect bonuses to exceed three months. However, 47.6% of those surveyed expect monthly wages to remain constant. The survey also revealed a conservative estimate for Taiwan’s 2024 economic growth, with an average expectation of 2.52%, contrasting with the more bullish 3.35% forecast by the Directorate-General of Budget, Accounting, and Statistics. Respondents predict an average inflation rate of 2.21%, with 55% believing it will exceed 2%, higher than the directorate’s projection of 1.64% for 2024. The survey was conducted from Dec. 1-7 and gathered 13,379 valid responses through email questionnaires.
2023/12/20 19:13
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Taiwanese optimism on year-end bonuses sises, survey shows
A survey by Cathay Financial Holdings reveals that Taiwanese are increasingly optimistic about year-end bonuses and economic prospects. 59.3% of respondents expect bonuses ranging from one to three months’ salary, surpassing last year’s 55%. Furthermore, 8.3% anticipate bonuses exceeding three months’ pay, reflecting an improvement in attitudes towards Taiwan’s economy. The Directorate-General of Budget, Accounting and Statistics predicts a 3.35% economic growth in 2024 with an inflation rate of 1.64%, but the public is more cautious, expecting a 2.52% growth and a 2.21% inflation rate. The optimism index for the local stock market has also improved. Additionally, 45.9% of Taiwanese anticipate salary increases, a 13.2 percentage point increase from 2022, while those expecting a steady monthly income dropped by 10.9 percentage points to 47.6%. Only 32.4% believe their year-end bonus will be less than one month’s salary, a decrease of 5.6 percentage points from the previous year.
2023/12/20 17:28