Financial challenges 結果共22筆

Explore how Taiwan’s universities are grappling with the demands and benefits of the University Social Responsibility program amid financial and recruitment challenges.

A recent survey in Taiwan indicates a pressing issue with office workers finding their wages insufficient due to rising living and dining costs, highlighting the need for economic adjustments.

The Executive Yuan of Taiwan approves an additional NT$100 billion budget for 2024 to support Taipower in offsetting electricity costs, addressing the company’s financial challenges and the impact of global events on fuel prices. The proposal, aimed at reducing Taipower’s projected deficit, now awaits Legislative Yuan review.

Discover how Tainan City Councilor Chen Yi-chen is pushing for the Tainan Art Museum to gain national recognition and secure central government funding for sustainable growth.

Discover the latest trade dynamics in Hong Kong as March 2024 figures reveal shifts in exports and imports with Asian partners, highlighting significant growth and declines with key countries, amidst geopolitical and financial challenges.

Following a recent earthquake in Hualien, transportation costs for fruits and vegetables have surged, as reported by Chang Te-chi, secretary-general of the Ji-an Township Farmers’ Association. The damage has forced trucks to take a longer route, doubling travel time and causing frost damage to produce. Despite stable prices due to government efforts, concerns grow over rising expenses if the Suhua Highway remains closed. The Agriculture Development Department of Hualien County and the Taipei Agricultural Products Marketing Corporation highlight the financial strain on farmers and the logistics challenges faced, including increased labor costs and the impracticality of using refrigerated trucks on alternative transport modes.

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.

Explore how Taiwan’s eighth consecutive minimum wage increase impacts the job market, with insights from experts and challenges faced by young adults. Learn about the strategies for navigating salary disparities and inflation.

Discover the challenges facing Taiwan’s doctoral education, including declining enrollments, financial burdens, and the rise of alternative learning methods. Learn how these factors are impacting research talent and industrial technology development.

The Minister of Economic Affairs, Wang Mei-hua, plans to help Taiwan Power Company (Taipower) seek budgetary support from the Executive Yuan to alleviate its financial distress. Taipower reached out to the Ministry of Economic Affairs (MOEA) for assistance, citing escalating international fuel prices caused by the Russia-Ukraine war. Other global power companies, such as Korea Electric Power Corporation (KEPCO), Tokyo Electric Power Company (TEPCO), and Électricité de France (EDF), have already experienced significant price hikes. Taipower’s rates are relatively low compared to the cost of power generation, resulting in policy-driven losses. As of 2023, Taipower has accumulated losses of NT$382.6 billion due to absorbing price increases to protect Taiwan from global inflation. The MOEA disclosed that Taipower and the CPC Corporation have discrepancies in predicting natural gas prices, leading Taipower to observe international coal prices for cost estimates in 2024. While mitigating Taipower’s financial woes in the short term poses challenges, Wang aims to prevent further losses. The MOEA will assist Taipower in lobbying the government for budget support once financial situation estimates are finalized. The decision to adjust electricity prices will be made by the Electricity Price Review Committee.

The Taiwan Railway Corporation embarks on a transformative journey in 2024, grappling with fare adjustments, financial challenges, and a potential labor shortage. Chiou Yu-chiun provides insights into the future of the state-owned enterprise amid these pivotal changes.

President Tsai Ing-wen discusses her post-presidency plans, hinting at a possible teaching role after her term ends. Reflecting on her tenure, she acknowledges the challenges faced by Taiwan but highlights the stable growth and economic achievements during her governance. President Tsai expresses gratitude to her supporters and hopes for her successor to lead Taiwan to greater heights. Emphasizing the importance of presidential capability and political transformation, she commends the Democratic Progressive Party candidates for their steadfast execution of the ＂Tsai Ing-wen route.＂ President Tsai emphasizes the need for future leaders who are internationally trusted, capable of upholding peace and stability in the Taiwan Strait, and maintaining global cooperation and trust.

Taiwan’s Minister of Economic Affairs, Wang Mei-hua, has announced that Taiwan will closely monitor the development of new nuclear technologies, such as small modular reactors and fusion power, and remain open to their adoption. Premier Chen Chien-jen has highlighted that addressing the challenges surrounding nuclear waste from fusion technology could significantly increase societal support for the technology. This declaration comes as over 20 countries, including the United States and Japan, proposed at the 28th meeting of the Conference of the Parties (COP) to the United Nations Framework Convention on Climate Change (COP28) to triple global nuclear power capacity by 2050. Additionally, nearly 120 countries committed to tripling renewable energy generation internationally within the next seven years. At COP28, 22 countries advocated for nuclear energy, focusing on small modular reactors and nuclear fusion technology, as well as securing international financial support for their development. These discussions at COP28 reflect a growing interest in diverse and innovative approaches to addressing climate change and powering the future.

DPP vice presidential candidate Hsiao Bi-khim refutes criticisms made by TPP candidate Ko Wen-je regarding the government’s handling of challenges faced by youths. Hsiao emphasizes the DPP’s efforts in tackling issues such as educational expenses, employment, and housing costs. She argues that these problems are not unique to Taiwan and require multifaceted solutions. Hsiao highlights that the current subsidy programs are a result of Taiwan’s robust national fiscal system and the outstanding international performance of domestic industries. She further asserts the need to distribute wealth effectively through policy measures and affirms the government’s commitment to alleviating financial pressures on young people.

Taiwan People’s Party (TPP) presidential candidate Ko Wen-je reveals that the Kuomintang (KMT) demanded he raise NT＄2 billion to NT＄10 billion in campaign funds to be an official candidate. In an interview, Ko discusses the financial challenges faced during the coalition talks with the KMT. The collapse of the talks left the TPP short of their target, with estimated expenses of just over NT＄200 million. Ko criticizes Taiwan’s high election expenses, warning of potential issues of political influence and campaign finance.

Taiwan’s 2023 GDP growth forecast has been lowered to 1.42%, the lowest in 14 years, due to weaker exports and private investment. Year-end bonuses for Taiwanese workers have also been affected, with the average amount shrinking to 1.08 months’ worth of salary, hitting a 10-year low. The financial industry leads in bonus payouts with an average of 1.83 months’ salary, followed by the semiconductor industry at 1.38 months. The healthcare services industry averages just 0.97 months of salary, while the accommodations and food services sector lags further behind at only 0.59 months. Despite the downward revision, the DGBAS remains optimistic for 2024, forecasting a GDP growth rate rebound to 3.35%. However, challenges such as the Ukraine-Russia war, the Israel-Palestine conflict, and ongoing inflation may pose risks to the global economy. Looking ahead to 2024, local job banks predict pay increases in 47.5% of companies, with an average salary hike of 3.2%, slightly lower than in 2023. Experts caution that Taiwan’s economic recovery may not be as swift as hoped.

The Taipei International Travel Fair concluded with attendees taking advantage of travel deals. Industry experts believe that high travel costs are inevitable due to factors such as flight recovery, labor shortage, and inflation. Japan, a popular destination for Taiwanese tourists, also faces similar challenges. The weakening Japanese Yen has led to more domestic travel, increasing competition for hotel rooms. The imbalance between supply and demand has contributed to rising travel costs. To alleviate financial pressures, experts suggest taking advantage of fair benefits and choosing low-cost airlines. For those interested in traveling to Western countries, transferring through Chinese airports may offer relatively lower ticket prices.

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.

Discover the wage challenges faced by young Taiwanese adults despite their advanced degrees. Tech graduates earn NT$73,500 in their first jobs, while others struggle with lower salaries and a rising cost of living. Explore the impact on their financial prospects and future stability.

Taiwan’s MRT systems are facing financial challenges despite increasing ridership. Keelung City Councilor Cheng Wen-ting discusses the importance of comprehensive assessment before investment. Experts highlight the difficulties of public transportation turning a profit.

Taiwan’s highly praised healthcare system is facing financial challenges due to inflation and an aging population. The increase in medical expenses and the rising global budget of the National Health Insurance (NHI) has led experts to fear a potential rise in the premium rate next year. 

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