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  • Taoyuan Mayor gifts lucky bags for New Year festivities

    Taoyuan Mayor Simon Chang distributed "Year of the Dragon" lucky bags at the city hall on the final working day before the Lunar New Year. The bags featured a dragon enfolded in peach blossoms, symbolizing prosperity and good fortune. Each bag contained a one-dollar coin bundled with a red cord, believed to ward off evil and disasters. The lucky bags were labeled "Dragon’s Peace" and represented gathering wealth, good luck, and auspiciousness. Mayor Chang shared the bags with city hall staff, janitors, security guards, and the public passing by for business.
    2024/02/07 16:21
  • Hon Hai anticipates growth amid global AI chip scarcity

    Hon Hai Precision Industry Chairman Young Liu has stated that the AI server industry is facing a shortage of AI chips, which is expected to persist throughout 2024. Liu emphasized that the problem can only be resolved by increasing production capacity in new factories. He also highlighted that geopolitical and economic conditions may affect the demand for consumer electronic products this year. Despite holding a significant position in the global AI server industry, Hon Hai is facing a shortfall in the supply of AI chips from major manufacturers like NVIDIA. While some second and third-tier factories claim their AI server performance will be good in 2024, Liu expressed skepticism and confusion about this situation.
    2024/02/05 10:21
  • 差距擴大至2.5倍!台積電市值狠甩三星 韓媒:受益於AI

    韓國媒體《Business Korea》報導,半導體企業台積電(TSMC)與三星電子(Samsung Electronics)的市值差距在過去一年間已經擴大至2.5倍,相差約2437億美元(約新台幣7.6兆元),報導稱台積電受益於人工智慧(AI)領域,但三星的市值也可能被低估了。
    2024/02/02 15:12
  • Taichung Bank hit with NT$12M fine for regulatory breaches

    Taiwan’s Financial Supervisory Commission (FSC) has fined Taichung Bank NT$12 million for ineffective internal control systems and violations of banking regulations. The bank’s chairman, Wang Kuei-fong, allegedly diverted NT$1 billion in public funds, resulting in his arrest and bail set at NT$15 million. The FSC discovered that Taichung Bank’s insurance subsidiaries had close ties to specific credit customers and their related companies, leading to questionable trading decisions and unsatisfactory internal controls. Wang will be suspended for three months and may face additional fines. The issue was uncovered during a financial inspection in February 2023. Taichung Bank had been leasing aircraft since 2020 to expand overseas business, but neglected their utilization for 13 months, leading to inappropriate decision-making. The bank also leased high-priced official cars for VIP pickups at a monthly rate of NT$820,000, but the vehicles were only used twice during the lease period, raising concerns about cost-effectiveness.
    2024/02/01 18:04
  • Rakuten Monkeys scandal: cheer team agent faces detention

    Former agent of CPBL Rakuten Monkeys’ cheerleading team, Stanley Chen, was arrested by the Taoyuan District Court for private dealings involving the cheerleaders. Chen confessed to breach of trust and misappropriation of business, with evidence supporting serious suspicions, involving approximately NT$26 million. The case was initially reported by the Rakuten Monkeys team to the Taoyuan District Prosecutors Office and the Agency Against Corruption in 2023. Chen and the team’s former manager, Pu Wei-ching, were questioned after searches were conducted. Four cheerleaders, business persons, and others were also summoned for statements. Pu was released on bail for NT$500,000, while the prosecutor requested the court to detain Chen.
    2024/02/01 15:25
  • Lai Ching-te commits to democracy and Indo-Pacific stability

    Vice President and President-elect Lai Ching-te reaffirms commitment to democracy and peace in Taiwan Strait and Indo-Pacific region during meeting with U.S.-Taiwan Business Council. Lai highlights alignment of Taiwan-U.S. economic cooperation with Indo-Pacific Economic Framework. Expresses gratitude for U.S. support following election, acknowledges solidarity against Chinese authoritarianism. Thanks U.S. for commitment to Taiwan’s security and efforts to address double taxation issue. Anticipates strengthened supply chain partnerships between Taiwan and U.S. through enacted double-tax relief act.
    2024/01/24 16:17
  • Marketech’s record revenues fuel semiconductor market growth

    Marketech International Corp., a semiconductor giant, is set to achieve new operational heights through factory expansion and the promotion of new business ventures, including 2-nanometer projects and advanced packaging. With high-profile orders exceeding NT$60 billion, the company anticipates robust financial health and ambitious expansion plans. In December 2023, Marketech achieved a record monthly growth rate of 12.7% and an annual surge of 13.8%, with consolidated revenue reaching NT$5.63 billion. Furthermore, the company’s accumulated annual consolidated revenue in 2023 reached NT$56.28 billion, marking a growth of 11.7%. These impressive results position Marketech as an emerging player in the global semiconductor market, poised for future growth and expansion through advanced technological strategies.
    2024/01/18 14:58
  • Taiwan’s Keelung street mirrors iconic Japanese scenery

    Discover the captivating street in Keelung City’s Zhongzheng District, Taiwan, that has become a social media sensation. Reminiscent of a popular photography location in Yamanashi, Japan, this picturesque street with shop signs and the backdrop of Shiqiu Hill has caught the attention of photography enthusiasts. By using a telephoto lens and positioning the camera at the street’s center, the distant Shiqiu Hill seems to be brought closer, creating a visually stunning effect. While the Taiwanese location offers potential tourism and business opportunities, caution is advised for photographers aiming to capture the perfect shot, as safety concerns should not be overlooked.
    2024/01/05 21:55
  • Taiwan seeks dog handlers for airport and seaport security

    Taiwan’s Ministry of Agriculture is recruiting four dog handlers for its Animal and Plant Health Inspection Agency. The positions offer a starting salary of NT$37,769 per month, plus an additional NT$7,700 allowance for outstations. Handlers must have at least one year of related experience and be available for shifts and business travel. They also need a good understanding of dogs, an outgoing personality, and the ability to work independently. The positions are divided among Taipei Songshan Airport, Taoyuan International Airport, and Kinmen Shuitou Pier, with potential relocation to Kaohsiung Airport or Taichung Airport.
    2024/01/04 15:18
  • Cynthia Wu sheds ’Princess’ label, eyes Taiwan’s work reform

    Taiwan People’s Party (TPP) vice-presidential candidate Cynthia Wu aims to tackle societal issues and improve Taiwan’s working environment. In an interview with Deutsche Welle, Wu characterizes the cooperation between Kuomintang (KMT) and China as too close, while the Democratic Progressive Party (DPP) is overly confrontational. She believes the "1992 consensus" needs updating and suggests that China propose a new treaty to foster dialogue. Wu acknowledges her privileged background and welcomes the nickname "Princess" given by the media. She emphasizes her attention to economically vulnerable populations, drawing on her work experience in London and business travels in Asia, Brazil, India, and Kenya. Wu was chosen as the primary election partner by party chairperson Ko Wen-je for her business background and international investment experience.
    2024/01/04 14:57
  • Convenience chain launches Sichuan peppercorn ice cream

    Discover a new winter ice cream flavor in Taipei, featuring vanilla and a Sichuan peppercorn oil infusion. This collaboration between a convenience chain and a spicy hotpot restaurant offers a sweet and numbing taste without intense spiciness. With winter ice cream sales reaching over a million units, this co-branding strategy could result in double growth. Primarily popular among customers over 40 years old, winter ice cream flavors tend to be richer compared to refreshing summer varieties. Explore the unique business opportunities and challenged consumer perceptions created by promoting ice cream during the winter season.
    2024/01/03 19:48
  • Taiwan shifts investment focus from China to U.S., Germany

    Taiwan’s investment in China has reached its lowest point in a decade, making up just over 10% of the island’s total overseas direct investment, according to a report by Nikkei Asia. Recent official data from Taiwan reveals that foreign direct investments surged by 87% to reach $257 billion through November this year. However, investments in China plummeted by 34% to only $29 billion, representing a mere 12% of the total. Since 2010, Taiwanese investments in China have been steadily declining and are projected to drop below the lowest point recorded since 1999. In contrast, investments in the United States have increased ninefold to $96 billion, accounting for around 37% of the total outbound direct investment. Additionally, Taiwan’s direct investment in Germany has soared 25-fold to $39 billion, largely driven by the operations of Taiwan Semiconductor Manufacturing Company. Sun Ming-te, Director of the Business Development and Research Center at the Taiwan Institute of Economic Research (TIER), predicts that if tensions between the United States and China persist, Taiwan’s investment in China will continue to decline.
    2023/12/30 20:15
  • New Taipei City Gov’t tackles north coast oil pollution

    The Environmental Protection Department of the New Taipei City Government is taking action to address ongoing oil pollution on the North Coast. Citizens have reported crude oil contamination in coastal areas since December 4, possibly linked to unidentified crude oil pollution on Green Island in Taitung. The department has swiftly implemented cleanup operations, but sporadic incidents caused by ocean currents require continued efforts. Upon receiving pollution reports, the department collaborated with local fishery associations, the Inspection Office, and the Coast Guard Administration’s Coastal Patrol Squad. They transported necessary resources, such as oil-absorbent cotton pads and ropes, to polluted sites. Non-governmental units, including local business owners and volunteer groups like the Azure Alliance in Taiwan, actively participated in preventing the spread of oil pollution. A total of 58 response team members, 32 coastal patrol personnel, and numerous volunteers have been involved in the cleanup efforts.
    2023/12/27 17:00
  • Hsinchu Mayor Ann Kao faces dual legal challenges

    Hsinchu Mayor Ann Kao is set to appear in Taipei District Court on Wednesday, December 27, as the defendant in two separate legal matters. In the morning case, Kao is accused of defamation by Tario Ong, a business professor at Western Washington University, who claimed on social media that Kao’s doctoral thesis contained unreferenced data from the Institute for Information Industry. After Kao reported Ong for aggravated defamation and the prosecutor chose not to indict, Ong filed a countersuit. In the afternoon case, Kao is facing charges of fraudulently claiming assistant fees during her time as a legislator. The Taipei District Prosecutor’s Office has charged Kao with fraudulently obtaining NT$460,030 in wages and overtime pay for her assistants, resulting in charges of embezzlement and forgery. The courtroom may face an overflow of observers from the Hsinchu City Government. The cases are ongoing with further developments pending.
    2023/12/27 10:38
  • Ko Wen-je criticizes Lai for avoiding nuclear energy debate

    Taiwan People’s Party presidential candidate Ko Wen-je criticized his Democratic Progressive Party (DPP) competitor Lai Ching-te for avoiding the nuclear energy debate and lacking long-term planning. Ko argued that Lai’s commitment to a nuclear-free homeland by 2025 would cost him votes, particularly from the business sector. He questioned the feasibility of turning nuclear power on and off at will. Ko also criticized his Kuomintang rival, Hou Yu-ih, for impeding the operation of dry storage facilities at nuclear plants one and two, resulting in a stalemate where spent fuel rods cannot be removed. Ko expressed support for extending the service lives of nuclear plants two and three and called for a thorough check-up of plant four before making any decisions. He emphasized the need for a pragmatic approach to nuclear power rather than treating the idea of a nuclear-free homeland as an ideology. Ko highlighted the goal of achieving net zero carbon emissions by 2050 and mentioned that 22 nations proposed tripling nuclear power by then at COP28.
    2023/12/26 18:29
  • Starux Airlines to launch Taichung-Macao direct flights

    StarLux Airlines has announced that it will begin direct flights between Taichung and Macao starting March 31, 2023. The new route will have a weekly availability of eight round trips and will utilize the A321neo model aircraft, offering 188 seats. In addition to Macao, StarLux plans to expand its operations from Taichung International Airport to other cities, including Đà Nẵng and Takamatsu, in 2024. The airline also recently started selling tickets for its Taipei-Hakodate route, which is scheduled to launch on Feb. 1, 2024. With these new routes, StarLux aims to provide a fresh flight experience for the central region of Taiwan.
    2023/12/26 15:36
  • Kaohsiung landmarks to light up in yellow

    Kaohsiung Mayor Chen Chi-mai announced that the Kaohsiung Music Center and the Eye of Gangshan will be illuminated with therapeutic yellow lights every evening from 6 p.m. to midnight, starting on December 25, 2023, until January 26, 2024. Speculation has arisen online about the return of the yellow rubber duck exhibition to Kaohsiung, as "yellow circles" have been spotted around the city. The giant floating duck was initially displayed in 2013 and drew approximately 3.9 million visitors in a single month, boosting the city’s economy by generating nearly NT$1 billion in business opportunities. Mayor Chen has not confirmed the duck’s return but expressed the municipal team’s commitment to bringing progress and joy to the citizens.
    2023/12/26 11:17
  • Mayor of Taipei outlines future goals in anniversary event

    Taipei Mayor Chiang Wan-an celebrated his first year in office, focusing on policy achievements in sustainability, youth entrepreneurship, and capital planning. He emphasized the role of AI in developing Taipei as a smart city and outlined future goals for making the city safe, sports-oriented, and technology-driven.
    2023/12/25 18:26
  • 社群平台比拚!Z世代最信任YouTube  「它」慘輸抖音

    隨著科技進步,社群媒體平台日趨多元,其中常見的不乏YouTube、Facebook、Instagram、抖音等平台。日前外媒Business Insider與研究機構YouGov合作,針對Z世代1997到2012年(18-26 歲)對於「大型社群媒體公司可信度」的調查。其中穩居第一名的為YouTube,而排名墊底的平台令人意外。
    2023/12/25 15:46
  • Taiwan to subsidize foreign business travelers in 2024

    The Ministry of Economic Affairs and the Ministry of Transportation and Communications in Taiwan have announced a new "Subsidiary Tourism" program aimed at boosting business travel. Foreign business travelers will be eligible for a subsidy of up to NT$2,000 starting next year. The program has a budget of NT$10 million and aims to support foreign business visitors to Taiwan. Stocks of related hotels have surged in response to this policy push, with analysts predicting positive growth for the tourism industry. The reduction in extended public holidays next year is expected to favor domestic tourism momentum and improve hotel occupancy rates. Overall, businesses and investors anticipate a robust year ahead for the hotel industry in Taiwan.
    2023/12/20 17:27
  • Taiwan’s Presidential Office unveils 2024 New Year cards

    The Presidential Office in Taipei held a press conference to unveil the Lunar New Year’s greeting cards for 2024. The cards, designed by Yen Po-chun, feature a dragon motif combined with Taiwan’s scenic landscapes. The design aims to convey blessings for the Lunar New Year and wishes for prosperity, peacefulness, safety, and well-being for the nation. The card is in an "Mp4" format, with an animation that intertwines the dragon motif with the numbers 2024 and the word "LOVE," symbolizing Taiwan’s vitality, hope, and vision for progress. Recipients of the greeting cards include heads of state, international dignitaries, ambassadors, representatives to Taiwan, local government figures, overseas Chinese community leaders, members of the legislative body, and notable figures from academic, cultural, and business sectors.
    2023/12/19 10:09
  • Tsai Ing-wen honors excellence in architecture and business

    President Tsai Ing-wen hosted the winners of the 25th National Golden Award for Architecture and the 20th National Brand Yushan Award, commending their contributions to Taiwan’s architectural and business communities. She expressed gratitude towards the National Enterprise Competitiveness Development Association for their rigorous evaluations that have motivated industry advancement and boosted Taiwan’s competitiveness. Tsai emphasized the importance of collaborative efforts in construction and building to achieve energy conservation and reduced carbon emissions. She also addressed concerns about urban renewal and pledged to intensify collaboration with private sector players to enhance architectural safety and improve citizens’ quality of life. The winners of the 20th National Brand Yushan Award, which includes CSBC Corporation, were recognized for their contributions to finance, biotech, manufacturing, and service sectors. Tsai urged the awardees to continue offering valuable advice to the government and elevate the prominence of Taiwanese brands on the international stage.
    2023/12/12 21:42
  • AIDC hits NT$35.8B revenue, eyes stronger 2024 outlook

    Aerospace Industrial Development Corporation (AIDC) President Ma Wan-june announced that the company’s revenue reached NT$35.8 billion by the end of November 2023. Ma predicts that AIDC’s operations in commercial aviation, defense, and technological services will surpass this year’s figures in 2024. The rebound of the commercial aircraft business has led to a global shortage of aviation parts, benefiting AIDC as it continues to receive inquiries from aviation giants such as Boeing and Airbus. AIDC is also on track to deliver 18 Brave Eagle advanced jet trainers in 2024, indicating strong performance in the military sector. The company met its annual goal by delivering the last four Brave Eagle jets on Tuesday, totaling 17 aircraft deliveries for the year.
    2023/12/12 18:09
  • Taiwan food delegation eyes Australian market expansion

    The General Chamber of Commerce (ROCCOC) Chairman, Paul Hsu, led a delegation of 16 Taiwanese food suppliers on a mission to tap into the Australian market. The delegation attended business matchmaking events in Brisbane, Sydney, and Melbourne as part of the "Procurement Meetings of 2023 Taiwan Food Industries Delegation to Australia." The objective of this initiative is to enhance the international presence of Taiwanese food products, boost competitiveness, and foster economic collaboration between Taiwan and Australia. Hsu emphasized the complementary nature of Taiwan and Australia’s industries due to their contrasting seasons. The delegation has secured orders worth US$3.7 million so far, and Hsu remains optimistic about further trade opportunities through ongoing communications with Australian distributors.
    2023/12/12 15:46
  • Lai Ching-te’s campaign unveils ’World’s Taiwan’ commercial

    Lai Ching-te’s national campaign headquarters, led by campaign manager Pan Men-an and spokesperson Tai Wei-shan, unveiled their latest campaign commercial during a press conference titled "The World’s Taiwan." Tai highlighted Taiwan’s increased visibility on the international stage, emphasizing the international community’s growing confidence in Taiwan and their willingness to collaborate. The campaign event follows Taiwan’s recognition as the top democracy in Asia by The Economist and its 6th place ranking in competitiveness worldwide according to the IMD Business School’s 2023 World Competitiveness Yearbook. Taiwan’s economic standing as the 21st largest economy globally and the 18th largest trading nation, with a higher GDP per capita than South Korea, was also praised. The campaign video emphasizes the importance of selecting the right leader to continue Taiwan’s advancement towards a more significant global presence.
    2023/12/12 13:43
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