Economy 結果共119筆

Over half of Taiwan’s residents believe that the country’s president and majority of legislators should come from different political parties, according to a poll conducted by Shih Hsin University’s Institute of Knowledge Economy Development. The poll showed that 51.8% of respondents held this view. Additionally, the poll found that 77.7% of participants supported the president giving a State of the Nation address to the Legislative Yuan. However, only 28.8% of participants were aware that an annual report to the legislature was a presidential responsibility. In terms of party cooperation, 53.5% of respondents backed the idea of the Kuomintang and the Taiwan People’s Party taking turns in the Presidential or Premier posts. Within this group, 36.1% were ＂somewhat supportive＂ and 17.4% were ＂strongly supportive,＂ while 30.2% opposed such a proposal. Furthermore, 34.5% of participants believed it would be best if the president and the majority of the Legislative Yuan were from the same party. This opinion was more prevalent among university graduates (59.3%) and those with postgraduate degrees (52.3%). The poll also revealed that 36.8% of respondents support the current government led by the Democratic Progressive Party (DPP), while 45.8% oppose it, and 17.4% did not express an opinion.

The Industrial Technology Research Institute (ITRI) has announced an 8.6 percent rebound in output, driven by developments in solar and wind power. Taiwan’s renewable energy market is expected to reach NT$200 billion in 2024. This was revealed during an ITRI industry forum that focused on cross-discipline cooperation in carbon solution exchange. Jay Wang, Vice Director of ITRI Industrial Economics and Knowledge Center, highlighted the challenges faced by the global economy due to high inflation and interest rates, which have increased investment costs for renewable energy development. Wang emphasized the importance of renewable energy in achieving a net-zero economy by 2050, but noted that oversupply has resulted in lower prices and the need for different approaches. Despite these challenges, Taiwan has excelled in the development and innovation of renewable energy, particularly offshore wind power, with an accumulated capacity of 2GW to date.

The global semiconductor revenue is projected to drop by approximately 12% in 2023 but is expected to rebound by more than 11% next year, reaching a total revenue of US＄550 billion, according to International Business Strategies (IBS). Major semiconductor companies, including Intel Corp, TSMC, and Samsung Electronics, have indicated that the industry downturn has passed. Although Samsung Electronics’ profit for Q3 fell 38%, inventory is returning to normal levels, and oversupply is easing due to production cutbacks. Samsung’s deputy head of the Memory Division suggests that the recovery trend could continue into next year. Despite challenges such as inflation, the war in Ukraine, and clashes between Israel and Hamas, the semiconductor market recovery reflects the resilience of the global economy.

The Directorate-General of Budget, Accounting and Statistics (DGBAS) has revised Taiwan’s third-quarter GDP growth forecast to 2.32%, down from the previous estimate of 2.54%. The revision is attributed to a slowdown in private capital formation, including government and public enterprises’ fixed investments and stock changes. However, the DGBAS official, Wang Tsui-hua, stated that Taiwan’s economy is still improving, with a third-quarter GDP growth rate of 10.47% on a seasonally adjusted annual rate (saar). If fourth-quarter forecasts are maintained, this year’s GDP will be revised downward to 1.55%.

A potential war between the United States and Beijing over Taiwan could result in crippling losses for both sides, warns the Stimson Center. The article, titled ＂Is a Chinese Invasion of Taiwan the Most Likely Scenario?＂ highlights that a unilateral declaration of independence by Taiwan might trigger ground and aerial assaults from Beijing. A military simulation by the Center for Strategic and International Studies showed that a joint defense effort from the U.S., Japan, and Taiwan could repel a Chinese invasion but at devastating costs, including the loss of ships, aircraft, and troops. The war would also impact the U.S.’s global standing, hurt Taiwan’s economy, and potentially destabilize the Chinese Communist Party’s rule. China’s aerial superiority, with a ratio of 1900 to Taiwan’s 300, could result in airstrikes, missile and cyber attacks aimed at decimating Taiwan’s defenses and critical infrastructure. Simulations predict a rapid escalation of war, including potential bombing of U.S. military bases and a reciprocal U.S. attack on Chinese bases and navy. Any concrete steps taken towards official independence by Taiwan could serve as a catalyst prompting Beijing’s decision for forceful unification.

The Department of Statistics of the Ministry of Economic Affairs announced that retail and catering revenues from January to September have reached a record high. The retail and catering industries are currently experiencing their annual sales peak, with demand for clothing, skincare products, and travel expected to stimulate consumption during the autumn and winter transition.

Taiwan’s TPP candidate, Ko Wen-je, introduces the ’Strong Generation Cultural Movement’ to redefine aging and boost the economy. Learn how this initiative addresses the challenges of an aging society.

Taiwan’s Minister of Economic Affairs emphasizes the importance of key tech industries to the country’s economy and the need to protect them from corporate espionage. The high-tech sector in Taiwan has attracted attention from mainland China, resulting in the headhunting of Taiwanese tech talent. In response, Taiwan amended its National Security Act to impose stricter penalties for theft of business secrets. Additionally, Taiwan’s industrial production index has declined for 16 months, but there are signs of increased demand in the AI industry chain. Despite uncertainties in consumer behavior and global economic recovery, industry feedback suggests potential growth in future quarters.

DPP presidential candidate Lai Ching-te has called on Mainland China to appreciate the contributions of Taiwanese business people to its economy. This appeal comes as Foxconn Group, a major Taiwanese tech firm, faces investigations by China’s tax and natural resources departments. Lai emphasized that Taiwanese business people are an important asset to China, fostering economic growth and creating opportunities. He urged China not to pressure Taiwanese business people during the upcoming election, warning that it would harm both sides and undermine confidence in the Chinese market. Lai also called on China to respect Taiwan’s democratic constitution and lifestyle and to accept that the civil war between the Kuomintang and the Communists is over. He encouraged China to engage in equitable and dignified dialogue exchange.

Taiwan’s Ministry of Economic Affairs reported that the Industrial Production Index for September 2023 decreased by 6.72% compared to the same month in the previous year. The manufacturing industry experienced a decline rate of 7.01%, marking 16 consecutive months of negative growth.

Foxtron Vehicle Technologies, a subsidiary of Hon Hai Precision Industry Co., Ltd., announced that its revenue has tripled compared to last year, indicating promising future growth. The company’s electric bus, Model T, has received overwhelming orders exceeding its production capacity, while its first passenger car, Model C, has been adopted by Luxgen Motor Co., Ltd. with orders surpassing 8,000 units. CEO Andy Lee envisions complete electrification of public buses by 2030, anticipating significant growth for Foxtron products in the coming years.

Vice presidential candidate Lai Pei-hsia joins forces with Foxconn founder Terry Gou for the 2024 Presidential Election, aiming to attract overseas Taiwanese businesspeople and boost the nation’s economy. Get the latest on this partnership.

Business tycoon Terry Gou announced his independent presidential candidacy with singer-actress Lai Pei-hsia as his running mate. Despite their political inexperience, they aim to boost Taiwan’s economy. Get the latest updates on this unconventional political alliance.

Kuomintang (KMT) presidential candidate Hou Yu-ih unveiled his policy agenda aimed at enhancing working conditions and salary levels on Friday, September 8.

Business tycoon Terry Gou said on Friday (Sept. 1) he aims to ＂strengthen Taiwan’s economy and restore hope to the people of Taiwan.＂ 

Foxconn Founder Terry Gou promised to lead Taiwan’s economy in succeeding Singapore’s in the next two decades to become Asia’s highest GDP per capita on Monday (Aug. 28).

Taiwan’s regular wages dip due to rising inflation, leading to a surge in gig economy adoption. Workers opt for freelance roles to secure better pay and shorter hours. Learn how this trend impacts Taiwan’s labor landscape.

Shanghai-Taipei Twin-City Forum anticipates Mayor Chiang Wan-an’s debut attendance. Focus on 2024 election context with diverse themes like digital economy, healthcare, and MOU signings.

Taiwan Foreign Minister Joseph Wu highlighted the crucial role of Taiwan’s semiconductor industry to the global community in the latest TVBS Meeting Room with Former U.S. Secretary of Defense Dr. Mark T. Esper on Monday (July 17) evening. 

President Tsai Ing-wen emphasized Taiwan’s goal of net-zero emissions and digital transformation in her speech at the 26th second members meeting of the Chinese National Association of Industry and Commerce, Taiwan (CNAIC) on Tuesday (July 4). 

As Taiwan’s COVID-19 situation stabilizes, more people are dining out, prompting delivery platforms to expand their offerings beyond food. 

In today’s economy, many young adults face the challenges of low wages and increasing inflation and interest rates. 

The average age for first-time pension recipients in Taiwan has decreased in recent years, according to data from the Bureau of Labor Insurance. 

Foxconn Founder Terry Gou departed for the United States on March 27 for a 12-day trip to discuss technology, innovation and Taiwan’s economy with experts.

The food and beverage industry is facing multiple challenges, including inflation and rising costs of raw materials, as well as a recent increase in egg prices.