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  • Natixis: Taiwan’s economy set for growth amid 2024 election

    The upcoming Taiwan presidential election is expected to have a significant impact on the country’s economic growth, according to a research report by France’s Natixis Corporate and Investment Banking company. The report suggests that regardless of the election outcome, Taiwan is poised for economic growth, with the consumer and tech industries leading the way. The research predicts that economic growth could increase from 1.2% in 2023 to 2.9% in 2024. While candidates share similar social and labor policies, the report highlights the major differences in their positions on industrial and energy areas, as well as Taiwan’s economic relationship with China. The report also mentions the potential role of Taiwan People’s Party (TPP) candidate Ko Wen-je in triggering legislative instability. The incumbent Democratic Progressive Party (DPP), leading in polls, is expected to continue pushing for diversified trade and investment policies, shifting focus from China to the U.S. and other Asian regions. However, achieving these targets may be challenging as Taiwan has missed out on regional trade and economic agreements such as RCEP, CPTTP, and the U.S.-led IPEF. If the Kuomintang (KMT) wins the election, they might seek closer trade and investment links with China by expanding the Economic Cooperation Framework Agreement (ECFA), according to Natixis.
    2024/01/06 17:16
  • 小商人時報廣場怒登「割頸案乾兄妹照」 網給1建議:丟臉到國外

    新北市某國中生日前遭同學以彈簧刀割頸亡。網友怒肉搜涉嫌犯案的「乾哥」與涉嫌教唆的「乾妹」,由於公布個資涉違法,新北地院點名Dcard、PTT立即下架。不過,網紅小商人無懼罰款,直接在美國紐約廣場LED電子看板,公開犯罪者照片。對此,網友給小商人1建議,希望讓乾兄妹丟臉丟到國外。
    2024/01/05 10:26
  • Taiwan pledges 60 million Yen aid to earthquake-hit Japan

    In a display of solidarity, Taiwan has committed 60 million Japanese yen to aid Japan following the 7.6 magnitude earthquake in Noto Peninsula. This contribution, led by the Ministry of Foreign Affairs, underscores the strong ties between Taiwan and Japan.
    2024/01/04 15:03
  • KMT and DPP clash in New Taipei campaign rallies

    Presidential candidates from the Kuomintang (KMT) and the Democratic Progressive Party (DPP) held simultaneous campaign rallies in New Taipei City. KMT candidate Hou Yu-ih criticized DPP candidate Lai Ching-te for allegedly belittling the Republic of China (Taiwan) and accused the DPP of corruption. Lai emphasized human rights during his visit to the Luchou Lee Family Historic Estate and promised support for renovating the residence of Lieutenant General Lee, a figure in the resistance against Japanese occupation who was falsely accused and executed during the KMT-led era. Lai highlighted his commitment to economic development and human rights protection.
    2024/01/04 14:44
  • Taiwanese tourists return home after Ishikawa quake ordeal

    A group of 65 Taiwanese tourists stranded in Japan due to the Ishikawa 7.6 magnitude earthquake safely returned to Taiwan on Starlux Airlines. The earthquake forced the closure of Niigata Airport, causing a two-day delay for the group. Taiwanese passengers described the trembling sensation from the Japan quake as much scarier than the earthquakes they experienced in Taiwan. Despite the lack of severe damage, the tour leader led the tourists to pray for safety at a shrine in the Niigata area during the New Year period. The travel agency greeted the returning tourists at the airport with consolation meal boxes, considering their safe return a stroke of luck amidst the unfortunate situation.
    2024/01/04 14:40
  • Kaohsiung cleaning staff waitlist issue sparks controversy

    The Environmental Protection Bureau of the Kaohsiung City Government has clarified that the recruitment paths for full-time and part-time cleaning staff are different, which is why they need to consider temporary work applicants before those from previous years. This comes after Kaohsiung City Councilor Lina Chen led a press conference with individuals claiming to be on the waiting list for the city’s cleaning crew, who passed the "Kaohsiung City Official Cleaning Staff" exam two years ago but have not yet received a position. The Bureau emphasized that the different recruitment avenues do not infringe upon part-time workers’ rights. The recent cleaning staff recruitment attracted over 7,400 applicants for 850 positions, and some candidates on the waiting list are still waiting for an opportunity to work at the Bureau. The bureau recruited 172 official cleaners and drivers, with an additional 678 on the waiting list, of whom only half have been employed so far. The bureau began recruiting part-time staff earlier this year, even though the previous list of alternates has not yet been fully filled. Deputy Director Kao Tsung-yung explained that the previous test was for full-time staff, while the current recruitment is for temporary personnel. The Bureau has announced the eighth round of 100 alternates’ roster and will continue to do so in April, July, and October. Those on the waiting list will still need to wait for their chance.
    2024/01/03 17:05
  • DPP’s Lai-Hsiao lead KMT rivals in latest Taiwan polls

    The United Daily News pre-closure poll shows that Lai Ching-te and Hsiao Bi-khim, the Democratic Progressive Party’s (DPP) presidential and vice-presidential candidates, maintain a 5-percentage-point lead over their Kuomintang (KMT) rivals, Hou Yu-ih and Jaw Shaw-kong. The Lai-Hsiao ticket received 32% support, while the Hou-Jaw ticket received 27%, a decrease of four percentage points from previous polls. Ko Wen-je and Cynthia Wu, the Taiwan People’s Party’s (TPP) presidential and vice-presidential candidates, trailed with 21% support. Among different age groups, the Ko-Wu ticket led among voters aged 20 to 39 with a 42% support rate. Among 40-59 year-olds, the Hou-Jaw ticket led by 1%, and among voters over 60, the Hou-Jaw ticket polled at 37%, while the Lai-Hsiao ticket polled at 35%. The survey was conducted from Dec. 26-30, 2023, with a sample size of 1,215 adults. The sampling error is within plus or minus 2.8 percentage points at a 95% confidence level. The survey used a dual telephone register for random sampling, including landline and mobile phones, with weighting by gender, age, and population structure. The funding for the survey came from United Daily News.
    2024/01/02 15:45
  • Police urges New Year’s Eve safety with anti-trampling teams

    The Xinyi Precinct of the Taipei City Police Department has established an anti-trampling team in high-density areas around the Taipei 101 fireworks display to ensure safety during New Year’s Eve celebrations. Drone interceptors will be used to force unauthorized drones to land. Mobile police stations will be set up at five major venues, providing services such as traffic control and lost and found handling. Anti-trampling teams will be organized in key areas, and LED signs, megaphones, whistles, and strong lighting equipment will be used for emergency evacuations. Prompt intervention and contact with on-site paramedics will occur in cases of overcrowding or falling incidents.
    2023/12/30 16:50
  • Evergreen, Yang Ming hold off to resume Red Sea route

    Taiwanese shipping companies Evergreen Marine Corp. and Yang Ming Marine Transport Corp. have chosen not to resume their Red Sea route following Maersk’s decision to do so. Maersk reinstated the route due to the "Red Sea crisis" caused by increased violence from Yemen’s Houthi rebels. The deployment of the multinational naval task forces under the U.S.-led Operation Prosperity Guardian (OPG) has allowed maritime trade to pass through the Red Sea/Gulf of Aden and resume using the Suez Canal. However, Maersk warns that the overall risk in the region has not been eliminated. The decision has led to concerns about container prices and resulted in a decline in Evergreen and Yang Ming’s stock prices. Freight rates for European and American shipping liners saw a significant increase after Maersk’s announcement.
    2023/12/26 18:31
  • Taiwan’s MOL reports surge in furloughed workers

    The Ministry of Labor reported a significant increase in the number of furloughed workers, with the manufacturing industry being the most affected. The labor ministry also predicted a high demand for labor in the accommodation and food services industry and the wholesale and retail trade sector. The global labor shortage crisis has led to businesses implementing solutions such as cross-training to boost productivity. The Regent Taipei successfully reduced its labor shortage rate through cross-training and creating a positive work environment. Fair wages and a positive work environment are believed to be key factors in employee retention.
    2023/12/26 15:52
  • AUO shares surge amid Dec. TV panel price dip

    This story discusses the fluctuation in shares of AUO Corporation and TV panel prices in late December. The article mentions that the price of 55-inch 4K open-cell panels dropped by US$1 (0.8%) on December 22 due to TV manufacturers ceasing production for year-end demand. However, analysts predict that tier-one TV panel makers may increase their price quotes by US$1 to US$3 in January 2024. Despite this, final transaction prices are expected to remain unchanged due to market demand. The report also suggests a potential decline in quotes for larger panel sizes, while prices for all TV panel sizes are anticipated to stabilize and rebound in February. Furthermore, favorable conditions in the panel market are predicted for 2024, driven by stabilizing industry trends and the launch of AI phones and AI PCs. AUO Chairman Paul Peng expects mild growth in the first quarter of 2024 and a market growth rate between 3% to 5% throughout the year, with higher production capacity utilization compared to 2023. Peng also notes steady demand for automotive and industrial products, which will contribute to a stable production utilization rate, and highlights the increasing use of Human Machine Interface (HMI) technologies for LED and LCD panels.
    2023/12/26 11:40
  • 世界半導體產業新突破 國內首創LED光源投影曝光機

    有「工業製造皇冠明珠」之稱的半導體曝光機,曾在全球戰略管制瓦森納協議中,被列為協議管制首要關鍵,除了是全球競逐的技術,在國防裡也佔有一席之地。由台灣半導體產業推出的全球第一套LED光源投影曝光機,競爭優勢及市場商機引起國際關注。
    2023/12/21 09:00
  • Taiwan tops Asia in human freedom, ranks 12th globally

    The Cato Institute and the Fraser Institute have co-published the 2023 Human Freedom Index, revealing that Switzerland maintains its position as the country with the highest levels of human freedom. Taiwan, on the other hand, ranks 12th globally and claims the top spot for human freedom in Asia. The report highlights that the COVID-19 pandemic has generally led to a decline in human freedom, particularly in areas such as the rule of law, action, speech, assembly, association, and trade. Taiwan performs well in individual freedom, securing the 12th spot with a score of 8.98 out of 10, and ranks 11th in economic freedom with a score of 7.79, resulting in an overall score of 8.56. The Human Freedom Index is a comprehensive assessment of personal, civil, and economic freedoms worldwide, based on data from 2021 encompassing 165 jurisdictions.
    2023/12/20 19:18
  • C.C. Wei to maintain course after Liu’s 2024 exit: analyst

    TSMC chairman Mark Liu’s upcoming retirement in 2024 has led investment experts to suggest that the semiconductor giant should slow down the progress of its new manufacturing facility in the United States. Industry analyst Jonah Cheng believes that TSMC’s policy direction will remain unchanged under the leadership of chief executive C.C. Wei, who is expected to succeed Liu as chairman. Cheng also proposes maintaining a dual leadership structure to cultivate successors from various backgrounds. Speculation suggests that Liu’s retirement may be linked to potential investment challenges in the company’s U.S. expansion. In response to these challenges, Cheng recommends a deceleration in the construction of TSMC’s second U.S. plant. He also highlights the need to assess the current downturn in the car market and economic outlook before proceeding with the German plant focused on automotive applications. Cheng suggests that the Japanese facility could be an optimal choice due to labor and power shortages in Taiwan, as well as cultural similarities and strong government support from Japan. TSMC’s primary obstacle, according to Cheng, is maintaining its leadership position in the semiconductor industry, especially after surpassing Intel. Additionally, the cyclical nature of the industry and the potential opportunities presented by the rise of artificial intelligence (AI) applications pose further challenges for the company.
    2023/12/20 18:45
  • Yang Ming shares surge amid Red Sea shipping crisis

    Shares of Yang Ming Marine Transport Corp. experienced a surge in volume, with over 70,000 shares traded, ranking in the top five in terms of transaction volume. This follows the suspension of services through the Red Sea by major container shipping companies, including Evergreen Marine Corp., Yang Ming, and Wan Hai Lines Ltd., due to attacks by Yemeni militants. The crisis in the Red Sea has led to global shipping lines rerouting, potentially alleviating excess capacity and boosting international freight rates. The stock performance of these "Big Three" container shipping firms has drawn significant attention. Evergreen Marine’s stock exhibited volatility, reaching a post-ex-dividend high of NT$148 but later dipping to NT$144.5. Yang Ming’s stock price also reached a morning peak but corrected downwards, with a trading volume surpassing 70,000 shares. Wan Hai Lines experienced a similar downward trend. These movements in the shipping sector are closely monitored amid the ongoing situation in the Red Sea, which impacts shipping routes worldwide.
    2023/12/20 15:29
  • Military Police process 415 drug cases, arrest 27 in 2023

    The Military Police Command (MP) in Taipei processed 415 drug cases in 2023, resulting in the apprehension of 27 suspects and the seizure of 50.2 kilograms of drugs. The MP, in close collaboration with law enforcement agencies, carried out specialized drug interdiction operations as part of the government’s anti-drug strategy. Unannounced inspections by military police teams, accompanied by drug-sniffing dogs, led to the confiscation of over 50 kilograms of narcotics. More than 400 individuals were referred to judicial authorities for prosecution. The MP serves as judicial police officers and plays an integral role in the anti-drug task force, with a commitment to combat drug trafficking. The MP’s Forensic Science Center supports these efforts by analyzing controlled substances and urine samples collected during operations. These measures aim to protect the living environment and security of the nation’s people.
    2023/12/20 14:46
  • Evergreen halts Red Sea shipping amid Houthi threats

    Evergreen Marine Corp, a Taiwanese shipping company, has temporarily suspended its shipping services through the Red Sea due to security threats posed by Houthi militants. This decision comes after a series of attacks on commercial ships by the Yemen-based group, which has escalated tensions in the region. Evergreen joins other global shipping giants, including Orient Overseas Container Line, CMA CGM, Maersk Group, Hapag-Lloyd, and Mediterranean Shipping Company, in halting passage through the Red Sea. The attacks by the Houthis, aimed at blocking ships en route to Israel, have led to the interception of drones and missiles by the U.S. Navy, British Navy, and French Navy. In response to the exacerbating security situation, Evergreen has rerouted its ships from Asia to the Mediterranean and the U.S. East Coast to avoid the Red Sea. British Petroleum (BP) has also suspended its oil transit through the Red Sea due to increased risks.
    2023/12/19 10:06
  • Actor Greg Hsu’s cameo in Jay Chou MV wows fans

    Taipei actor Greg Hsu’s appearance in a music video by Mandopop legend Jay Chou at the age of 13 has shocked fans online. In a throwback clip from Chou’s "Class 3-2" music video, a young Hsu can be seen playing table tennis while wearing black-rimmed glasses. Despite his rounder face, his distinctive features are already evident. The discovery of this footage has sparked surprise and admiration for Hsu’s transformation from a young table tennis player to a heartthrob. Now 32 years old, Hsu gained fame through his breakout role in the Taiwanese drama "Someday or One Day" and has become immensely popular across Asia, particularly in China and South Korea. Hsu has revealed that he took up sports, including table tennis, to manage his childhood asthma. His talent in the sport earned him a spot on the elementary school team and eventually led to his cameo in Chou’s music video. "Someday or One Day," which co-stars Alice Ko, is considered a landmark Taiwanese television series and has garnered such acclaim that South Korea produced its own remake titled "A Time Called You."
    2023/12/18 21:18
  • DPP adjusts tactics as internal polls show volatility

    Former Minister of Health and Welfare and campaign manager for the Democratic Progressive Party (DPP) in Taipei, Chen Shih-chung, has revealed that internal polling indicates fluctuations in voter sentiment during the tightly contested presidential race. Despite the challenging overall race in Taipei, DPP’s presidential candidate, Lai Ching-te, maintains stable support across various demographic groups. The DPP has been conducting internal polls to assist in devising election strategies. Chen countered claims by Kuomintang’s (KMT) Taipei party branch director Huang Lu Ching-ju, stating that the DPP’s findings contradict the approval rating figures of KMT presidential candidates Hou Yu-ih and Jaw Shaw-kong. Chen noted that the KMT has higher support among older voters but struggles to appeal to the younger demographic. While acknowledging the volatility of party-led poll figures, Chen stated that campaign tactics would be adjusted based on these outcomes. DPP legislative candidate Wu Pei-yi remains optimistic about the election in Taipei, suggesting the possibility of a turn of events in both the presidential and legislative elections. The DPP continues to work tirelessly to improve its standing in the challenging district of Taipei.
    2023/12/18 21:03
  • EVA pilots union prepare for strike vote amid labor dispute

    The Taoyuan Union of Pilots (TUP) has taken their concerns to the Ministry of Transportation and Communications (MOTC), demanding increased oversight of EVA Air due to dissatisfaction over wages and annual bonuses despite rising revenues. The union has threatened to limit the airline’s rights if conditions are not improved by a specified deadline and plans to hold a strike vote on December 22. EVA Air has faced scrutiny for various issues, including understaffing that has led to several safety incidents. Pilots accuse the airline of excessive cost-cutting measures, such as hiring foreign pilots through illegal brokers, resulting in a workforce where foreign pilots outnumber national pilots. Over the past year, EVA Air has experienced a significant decline in national pilots, with approximately 10% of the total pilot workforce leaving. The union also claims that EVA Air’s response to the manpower shortage, including mandatory overtime and inadequate training, has resulted in frequent safety incidents. The union is calling for a comprehensive labor inspection and continuous penalties for workplace safety incidents. The Ministry of Transportation and Communications has received a petition from the union and emphasizes the priority of flight safety and public well-being, urging EVA Air to engage in dialogue. The Ministry of Labor is also involved in labor-capital negotiations. The strike vote result, due on January 5, will determine whether a strike will be launched, contingent on EVA Air’s willingness to negotiate improvement measures sincerely.
    2023/12/18 16:40
  • 迎耶誕!手作花圈夯 花藝師:節前DIY客多5成

    耶誕節快要到了,很多人會手做花圈增添「耶誕氣氛」,有花藝師觀察到比起非節慶月,人數大概多了一半左右,只不過原物料「諾貝松」漲了1成左右,不僅是自己DIY,直接購買裝飾品的成本也攀升,有店家說LED燈的漲幅最驚人,達到兩成,另外緞帶、花、蝴蝶結、耶誕球也有一成漲幅。
    2023/12/17 19:29
  • Taiwan cracks down on ticket scalping with hefty fines

    Taiwan’s Legislative Yuan has passed amendments to the Sports Industry Development Act to combat ticket scalping. The revised law imposes fines on scalpers ranging from 10 to 50 times the ticket’s face value. The amendments also target the resale of complimentary and promotional tickets, with penalties reaching up to NT$18,000. The use of ticket-buying bots will be met with up to three years’ imprisonment and/or fines up to NT$3 million. These measures aim to crack down on the practice of reselling tickets at inflated prices, known locally as "huangniu" or Yellow Cow. The amended law ensures the anonymity of whistleblowers and potentially rewards them for reporting scalping activities. The updates to the legislation were led by the Legislative Yuan Education and Culture Committee, reflecting the legislature’s commitment to fair access to entertainment and sports for fans in Taiwan.
    2023/12/15 16:33
  • 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
  • Bank of Japan to maintain negative rates: report

    Bank of Japan (BOJ) officials expect Japan’s negative interest rate policy to continue due to insufficient wage growth, according to informed sources. BOJ will hold a monetary policy meeting in December 2024, with additional meetings planned for January, March, and April. After meeting with Prime Minister Fumio Kishida, BOJ Governor Haruhiko Kuroda expressed the challenges ahead, possibly signaling a revision to the massive monetary easing policy. This led to a surge in the yen’s exchange rate, reaching a high of 141.6 yen to the dollar.
    2023/12/12 16:49
  • Vietnam wins big as Chinese, US investment surges

    Chinese companies are increasingly establishing supply chains in Vietnam as U.S. companies like Apple move production there, according to Japanese media reports. Export restrictions on advanced semiconductors and semiconductor production equipment to China by the Biden Administration have led to difficulties for Chinese manufacturers, prompting a shift in investment towards alternative manufacturing bases like Vietnam. Approved foreign direct investment in Vietnam increased by 15% from January to November 2023, with Chinese investment, including from Hong Kong and Macao, doubling from the previous year. Chinese investment in Vietnam is even higher when routed through subsidiaries based in Singapore and Thailand. Notable investments include Shandong Haohua Tire Co. Ltd.’s US$500 million investment and Trina Solar Co., Ltd.’s US$420 million decision. BYD Company also announced an expansion investment of US$144 million, bringing its total investment in Vietnam to over US$400 million. Japanese experts believe that Chinese enterprises must engage in joint advancements in cutting-edge technology with local entities to be seen as partners by the Vietnamese.
    2023/12/12 16:02
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