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NDC head downplays wage hike impact on business costs
Discover how Taiwan’s recent minimum wage increase to NT$28,590 and NT$190 per hour aims to enhance living standards amid inflation concerns. Officials vow to monitor impacts closely.
2024/09/05 18:11
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MOENV: Housing prices to see only 1% rise from carbon fee
Discover how Taiwan’s Minister of Environment, Peng Chi-ming, addresses concerns over the carbon fee’s impact on housing prices, debunking claims of significant increases and outlining efforts to prevent inflation. Learn about Taiwan’s 2030 emissions reduction goal.
2024/08/15 16:05
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Taishin Bank chairman: Trump might impose additional tariffs
Donald Trump’s potential return as president could reshape the global economy, including concerns over tariffs, inflation, and the U.S.-Taiwan relationship, as industry leaders react.
2024/07/17 22:00
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Taiwanese citizens voice expectations for new presidency
Taiwanese citizens gather for the 16th presidential inauguration, voicing concerns and expectations on environmental issues, economic disparities, and social reforms, while calling for unity and effective governance.
2024/05/20 20:09
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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 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
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Economic minister confirms electricity rate adjustments
Minister of Economic Affairs Wang Mei-hua discusses electricity rate adjustments in Taiwan, emphasizing the impact on household usage below 330 kilowatt hours. Kuomintang Legislator Yang Chiung-ying opposes price hikes, proposing solutions to address citizen hardships amid inflation. Wang highlights considerations for nuclear power and renewable energy costs, amidst concerns over safety regulations and nuclear waste. Yang challenges Taipower’s deficits and criticizes passing on costs to residents through price increases.
2024/03/07 17:23
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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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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
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MOEA expresses concern about maintaining 2% GDP growth
Taiwan’s Minister of Economic Affairs, Wang Mei-hua, expressed concerns about maintaining a 2% GDP growth rate this year despite signs of economic recovery. She cited external factors such as inflation, the Russia-Ukrainian war, and the Israeli-Palestinian conflict as global market influences. However, Wang emphasized that Taiwan’s innovation and efficiency are key advantages that can withstand external economic pressures. The National Development Council also reported a slight improvement in economic measures, indicating subtle growth amidst global adversity. Despite challenges, Taiwanese authorities and stakeholders remain cautiously optimistic and ready to leverage the nation’s inherent strengths.
2023/10/30 14:38
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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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Taiwan sees early retirement financial planning trend
Facing inflation and an aging society, Taiwanese individuals worry about labor insurance fund bankruptcy. Survey highlights concerns and retirement preparation.
2023/08/16 19:55