Minister of Economic Affairs 結果共37筆

Taiwan’s economic minister emphasized the necessity of a power price hike to address rising international fuel costs, but the Legislative Yuan voted to halt the hike due to public opposition. The decision raises concerns about Taipower’s financial stability and power supply.

Explore the story of Wang Yao-ting, President of Taiwan Power Co (Taipower), who retracted his resignation to continue leading the company amidst recent power outages and supply challenges in Taoyuan. Discover his commitment to Taipower, supported by the Minister of Economic Affairs and Taipower’s acting chairman, and learn about the company’s efforts to manage power supply through demand response mechanisms and the call for societal support in power plant construction for a stable power system.

Outgoing Economic Affairs Minister Wang Mei-hua praises successor J.W. Kuo for his international perspective as he prepares to take over the ministerial role, emphasizing his commitment to public service. The transition comes as President-elect Lai Ching-te prepares to take office, drawing public attention to the new cabinet selection.

J.W. Kuo, incoming Minister of Economic Affairs and chairman at Topco Scientific Co Ltd., focuses on assessing Taiwan’s power needs through industry visits, aiming for a comprehensive report on electricity demands and the potential extension of nuclear plants, prioritizing safety and public consensus.

The latest poll by My-formosa.com reveals high dissatisfaction rates towards Minister of Economic Affairs Wang Mei-hua, Minister of Digital Affairs Audrey Tang, and NCC Chairman Chen Yaw-shyang. Criticism is directed at the Tsai administration’s handling of inflation, fraud prevention, and green energy policies. Conducted through telephone interviews across Taiwan, the survey highlights public discontent with specific government departments and policies.

The inaugural Taiwan-France High-Level Economic and Trade Dialogue, led by Taiwan’s Minister of Economic Affairs, Wang Mei-hua, discussed cooperation in semiconductors, AI, and electric vehicles. French officials agreed to integrate industrial and economic cooperation meetings, with a focus on supply chain opportunities in renewable energy and the space industry. Bilateral trade between Taiwan and France reached a record high of $60.9 billion last year, with significant investments from both sides.

Taiwan’s Minister of Economic Affairs, Wang Mei-hua, emphasizes the need to boost the nation’s natural gas storage capacity amid escalating cross-strait tensions. The call for expansion includes plans for a fourth liquefied natural gas (LNG) terminal and extensions in Taichung and Kaohsiung. Wang’s announcement follows an incident at the Legislative Yuan involving questions about Taiwan’s gas reserves, sparking discussions about national security and military readiness.

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.

Taiwan’s Minister of Economic Affairs Wang Mei-hua discusses ongoing discussions of the Electricity Pricing Working Group and potential budgetary subsidies amid pressure for an electricity price increase in April. The government seeks to balance the needs of citizens and enterprises as it navigates potential adjustments to electricity prices. Stay tuned for further updates on the final subsidy and price adjustment plan.

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.

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.

Taiwan Power Co. (Taipower) faces a potential financial crisis by year-end without government aid or electricity price hikes, warned Minister of Economic Affairs Wang Mei-hua. An upcoming electricity price review may see rates for ultra-high-voltage users surge by over 10%. Wang emphasizes the need for discussion in the committee meeting and assures efforts to minimize impacts on the public. Taipower’s efficient management has helped curb price spikes and inflation, with plans in place for financial support and program development. Current electricity costs for major consumers stand at around NT$1.63, while Taipower’s generation cost, pre-tax, is NT$3.93, expected to surpass NT$4 post-tax.

Taiwan’s Ministry of Foreign Affairs (MOFA) will closely monitor developments in Tuvalu post-election, as most elected officials have established frequent interactions and friendly stances with Taiwan, ensuring solid diplomatic ties. MOFA condemns China’s attempt to influence the election by buying off local media in Tuvalu. The loss of Tuvalu’s pro-Taiwan Prime Minister has sparked speculation about a potential shift in foreign policy and diplomatic alliance with Beijing. However, MOFA notes that the majority of elected Tuvalu officials maintain good relations with Taiwan and support upholding the amicable relations between the two countries. MOFA urges the international community to pay attention and counter autocratic dictatorial countries that manipulate elections in democratic states. This development reflects the ongoing competition between China and Taiwan for diplomatic allegiances in the Pacific region, with countries sometimes switching allegiances for economic or political support.

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.

China’s military intimidation of Taiwan ahead of the presidential election has been warned by the Ministry of Foreign Affairs (MOFA). A joint statement by the US Assistant Secretary of State for East Asian and Pacific Affairs, Daniel Kritenbrink, Japanese Deputy Minister and Director-General, Kobe Yasuhiro, and Republic of Korea Deputy Minister, Chung Byung-won, expressed support for Taiwan during a three-way dialogue in Washington. China’s recent military threats towards Taiwan, including deploying balloons across the Taiwan strait, violating airspace, and suspending parts of the Economic Cooperation Framework Agreement (ECFA), have raised concerns among the international community. MOFA has raised suspicions of attempts to influence the election and emphasized Taiwan’s commitment to cooperation with the US, Japan, and South Korea to promote peace, stability, and prosperity in the Indo-Pacific region.

Taiwan’s Minister of Economic Affairs, Wang Mei-hua, has confirmed that discussions will soon take place with Taiwan Semiconductor Manufacturing Company (TSMC) regarding the inauguration date for its Kumamoto fab. The progress of TSMC’s Kumamoto fab is said to be outpacing other global expansion efforts. Wang expressed gratitude for the support provided by Japan’s central and local government authorities in establishing the plant. Equipment installation is already underway at TSMC’s Kumamoto site, with trial production set to begin in April 2024. The opening ceremony may be scheduled as early as February 24. Wang emphasized the importance of reinforcing cooperation between Taiwan and Japan, particularly in the semiconductor supply chain, and encouraged mutual investment to foster closer bilateral relations.

Taiwan aims to leverage its information and communication technology (ICT) and semiconductor industries to gain a competitive advantage in international markets. The Ministry of Economic Affairs Minister, Wang Mei-hua, witnessed the signing of a memorandum of understanding between the Taiwan Association of Information and Communication Standards (TAICS) and the 5G Alliance for Connected Industries and Automation (5G-ACIA), signaling a new era of cooperation. With the global smart manufacturing market projected to reach US$140 billion by 2030, Wang believes Taiwan is well-positioned to integrate 5G into smart factories due to its existing experience and infrastructure. Taiwan aims to align its 5G application standards with global benchmarks and contribute its knowledge to international organizations. The Ministry of Economic Affairs is supporting the Industrial Technology Research Institute (ITRI) in developing new technologies and collaborating with Taiwanese companies to establish a voice within the global 5G community through 5G-ACIA. This strategic partnership is expected to position Taiwan as a leader in next-generation industrial technology and solidify its role in the information and communication technology sector on the global stage.

Taiwan Semiconductor Manufacturing Company (TSMC) may face obstacles in establishing a factory in Germany due to a shift in German subsidies. Minister of Economic Affairs Wang Mei-hua has confirmed that the German government is actively addressing the budget issues involved. The recent ruling by Germany’s Federal Constitutional Court, which deemed the diversion of pandemic funds for the ＂Climate and Transformation Fund＂ unconstitutional, has raised concerns about the fulfillment of financial promises to TSMC and other tech giants like Intel Corporation. If Germany decreases its subsidies, TSMC may need to renegotiate or even abandon its plans for the factory. The Taiwanese government is closely monitoring the situation and is prepared to provide support if necessary. This investment dispute has significant implications for the global supply chains and the semiconductor industry, as TSMC’s advanced semiconductors are in high demand worldwide.

The Minister of Economic Affairs, Wang Mei-hua, stated that the release of the list of key national technologies will not impact businesses as they have been consulted beforehand. The focus is on enhancing the protection of critical technologies. The National Science and Technology Council revealed a list of 22 core national key technologies across defense, agriculture, semiconductors, space, and cyber-security, including two semiconductor technologies. Personnel involved with key technologies receiving over 50% subsidies from the government must seek permission before traveling to China, as per the National Security Act and the Act Governing Relations between the People of the Taiwan Area and the Mainland Area. The two semiconductor technologies listed are IC fabrication technology for processes smaller than 14 nanometers and heterogeneous integration packaging technology. Wang emphasized the importance of protecting key technologies to prevent confidential business information leakage and enhance national security standards. The next steps involve reviewing and providing lists of personnel meeting certain subsidy thresholds and involved with sensitive technologies to relevant entities for management purposes.

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.

Taiwan’s Minister of Foreign Affairs, Joseph Wu, warns of China’s increasing interference and cognitive warfare tactics as Taiwan’s elections approach. China is using a ＂hybrid warfare＂ strategy involving military actions, economic pressure, disinformation campaigns, and unlawful financial flows to influence the election results. Taiwan’s government is actively countering these tactics by strengthening communication with the public, enhancing media literacy, and collaborating with public and private sectors. Wu calls for a united front among international allies to enhance democratic resilience and increase awareness of China’s unfriendly actions. This reflects Taiwan’s efforts to preserve its sovereignty and democratic values amid rising tensions with China.

The Ministry of Economic Affairs (MOEA) demanded an apology from Taiwan People’s Party (TPP) chairman Ko Wen-je for his corruption allegations against the government in producing face masks. The MOEA refuted Ko’s claims, stating the lack of evidence and emphasizing the need for public servants to ensure mask supply during the pandemic. Ko made the accusations during a campaign event, implicating the ruling Democratic Progressive Party (DPP) in corruption cases involving masks, the Medigen COVID-19 vaccine, and egg imports. The MOEA referred to a previous incident where former Minister of the Interior Lee Hong-yuan apologized for baseless accusations and urged Ko to do the same.

The Minister of Economic Affairs praised the growing industry ties between Taiwan and Japan at the 2023 Japan-Taiwan Image Exhibition. Investments from Japanese companies such as Ebara, Fujifilm, and semiconductor factories are expected to contribute significantly to Taiwan’s economy, reaching a value of NTD$10 billion. Japan’s interest in Taiwan’s semiconductor industry, particularly TSMC’s projects in Kumamoto, suggests the potential for future collaboration. Minister Wang Mei-hua emphasized the importance of adopting low-carbon and smart technologies for a sustainable future, aligning with Japan’s smart city initiatives. She also highlighted the potential of hydrogen power, urging Taiwan to follow Japan’s lead in developing new technologies and exploring infrastructure partnerships.

Taiwan’s Minister of Foreign Affairs, Joseph Wu, delivered a speech at Riga Stradins University in Latvia, clarifying Taiwan’s position amid tensions with China. Despite enduring military intimidation, diplomatic isolation, and economic threats from China, Taiwan remains committed to achieving peace through open conversation while being pragmatic and prepared for potential risks. Wu praised the diplomatic relationship between Taiwan and Latvia, as both countries share similar paths to democracy and the establishment of sovereign statehood. However, both countries face unprecedented security challenges, with a standoff between democracy and autocracy driving the current international conflict. Wu emphasized that established democracies cannot ignore the expansion of authoritarianism, which seeks to undermine the rules-based international order. In light of President Tsai’s decision to restore one-year military service, Wu stressed the importance of being armed to protect Taiwan’s freedom, as the cost of losing it is unbearable for a democratic society.

Taipei’s Economics Minister, Wang Mei-hua, announced that power shortages have significantly decreased in recent years, with no shortages reported in 2023. Wang dismissed former President Ma Ying-jeou’s claims of power shortages under the Democratic Progressive Party’s governance as inconsistent with the facts. Since President Tsai Ing-wen took office, improvements have been made to the power scheduling mechanism, enhancing power supply stability. In response to power cuts in May 2021, the Ministry of Economic Affairs (MOEA) plans to invest over NT$500 billion in improvements over the next decade. The MOEA aims to add 9.1 million kilowatts to the power supply by 2030, excluding renewable energy, to meet the projected increase in power demand of 7 million kilowatts over the next seven years.