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  • Mother’s Day demand pushes carnation prices to record high

    Explore the bustling domestic carnation trade in Taipei as Mother’s Day nears, with prices hitting historic highs due to weather-induced yield decreases. Discover the colorful variety of domestic carnations and the significant recovery in flower industry exports, surpassing pre-pandemic levels. Learn about the boost in domestic flower consumption through innovative promotions and collaborations, aiming to reduce unsold rates.
    2024/05/07 14:45
  • Taiwan Railway eyes first fare hike in nearly three decades

    Explore the potential fare increase for Taiwan Railway Corporation as Deputy Minister Allen Hu announces a comprehensive review to adjust ticket prices after 29 years, amidst discussions on improving train punctuality and addressing the TRC’s financial sustainability.
    2024/05/06 13:46
  • Taipower to receive NT$100B subsidy amid financial crisis

    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.
    2024/05/03 17:30
  • Price hike essential for stable power supply: MOEA

    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.
    2024/05/01 17:11
  • Taiwan’s legislature votes to halt electricity price hike

    Discover how Taiwan’s Legislative Yuan voted to halt a planned electricity price hike, a decision driven by public concern over rising living costs and the complexities of energy policy.
    2024/04/30 15:49
  • Taiwan’s Central Bank updates inflation forecasts for 2024

    Taiwan’s Consumer Price Index indicates a continued slowdown in inflation with a slight rise in March. The Central Bank revises its inflation forecasts as electricity and living costs surge. The public’s economic outlook remains cautiously optimistic.
    2024/04/26 13:24
  • DPP skips KMT-led talks on halting electricity price hike

    Discover the ongoing political debate in Taipei as the DPP abstains from KMT-initiated talks on freezing electricity prices amid rising costs due to the Russo-Ukrainian War, highlighting the clash over addressing structural unfairness in charges.
    2024/04/24 18:01
  • Taipei egg prices drop as summer demand cools

    Discover how the Taipei City Egg Merchants Association plans to lower egg prices this summer due to decreased demand, as announced by executive director Liu Wei-chih. Learn about the expected market adjustments and the Ministry of Agriculture’s insights on Taiwan’s egg supply and demand dynamics.
    2024/04/23 17:28
  • Food vendors absorb electricity costs, fearing price hikes

    Lukang Old Street Business District chairperson Huang Shih-chieh expresses concern over rising electricity costs and their impact on food vendors, who may absorb cost increases to avoid raising prices due to declining consumer purchasing power, potentially leading to a vicious inflation cycle.
    2024/04/15 17:25
  • Taiwan stock market opens lower following U.S. decline

    Taiwan stock market opens lower following U.S. decline, but semiconductor stocks remain strong. TSMC and domestic semiconductor ETFs outperform despite broader market downturn.
    2024/04/15 10:01
  • Taiwan medical costs soar 4.47% in March, reach 18-year high

    Taiwan’s DGBAS reports a 4.47% year-on-year increase in medical costs for March, the highest in 18 years, due to the New Health Insurance Co-payment System. The March CPI showed a 2.14% year-on-year increase, with dining-out costs and essential commodity prices decreasing slightly. However, inflationary pressures persist in services like medical costs and rent.
    2024/04/10 17:16
  • Prices rise faster in Taiwan, inflation perception sharpens

    Explore how Taiwan’s core inflation cycle has dramatically shortened from an average of 17.19 months to just under 8 months over recent years, leading to a significant shift in public perception towards inflation. This change is attributed to various factors, including the pandemic, geopolitical risks, and climate change, affecting the country’s inflation trend and resulting in a discrepancy between public feeling and official statistics.
    2024/04/08 18:14
  • Taipower struggles with losses amid calls for reform

    National Audit Office Auditor-General Chen Jui-min calls on Taiwan Power Co. (Taipower) to enhance management and boost revenue amid consecutive losses. Chen emphasizes the need for electricity price adjustments and debt interest reduction. Kuomintang Legislator Lin Ssu-ming questions Taipower’s deficits and government subsidies, urging a review of energy policy. Chen confirms NT$100 billion subsidy and stresses the importance of green energy for profit sustainability.
    2024/04/02 18:13
  • Optimism in Asian manufacturing despite varied growth rates

    The Purchasing Managers’ Index (PMI) for Asian manufacturing in March shows varying recovery rates across the region, with Taiwan’s manufacturing sector on the rise and confidence among Taiwanese businesses reaching a nearly three-year high. Japan also saw improvement, while South Korea and Vietnam experienced contractions. Paul Smith from S&P Global Market Intelligence notes signs of price and supply stabilization supporting a more optimistic outlook for the Asian manufacturing sector.
    2024/04/01 18:23
  • Price surge alert: from electricity bills to zoo tickets

    Stay informed about the latest developments in Taiwan as electricity prices, lunch box prices, Taipei Zoo admission tickets, and license taxes are set to increase starting April 1. Make sure to plan ahead for these changes to your monthly expenses.
    2024/04/01 17:56
  • Taiwan’s political parties clash over power costs

    DPP Legislator Rosalia Wu questions Legislative Yuan’s responsibility in case of Taipower collapse, prioritizing people’s livelihoods. KMT and TPP propose freezing electricity price hikes amidst Ministry of Economic Affairs’ decision to increase prices by 11% on April 1. DPP counters with cross-party negotiation pullback to address unreasonable proposals.
    2024/03/29 12:13
  • Electricity price hike to drive up costs: business heads

    Discover how Fubon Financial Holding Chair Daniel Tsai predicts a rise in commodity prices following an electricity price increase in Taiwan. Gain insights from industry leaders like Tung Tzu-hsien of Pegatron Corp on the impact of electricity costs on manufacturing and services sectors, and the necessity of reducing government subsidies. Stay informed on economic growth projections and the interplay between electricity prices and overall market dynamics.
    2024/03/28 17:59
  • Central Bank governor deems Taiwan’s inflation rate ’mild’

    Central Bank Governor Yang Chin-long discusses Taiwan’s mild inflation rate amidst potential electricity price hikes and the Legislative Yuan’s move to require approval for such adjustments. The KMT calls for more public oversight in price changes.
    2024/03/27 17:40
  • Lawmaker proposes public review for electricity prices

    Kuomintang caucus whip Fu Kun-chi proposes amendment to The Electricity Act for public scrutiny of electricity price fluctuations amid impending price hike. Fu warns of potential impact on commodity prices and housing costs, criticizes current energy policies as flawed. Calls for national congress oversight and public review of electricity price changes.
    2024/03/27 15:41
  • Premier: electricity price hike with considerate adjustments

    Premier Chen Chien-jen discusses the upcoming electricity price hike in Taipei, emphasizing the government’s efforts to accommodate various businesses and groups. He highlights the introduction of TPASS to alleviate transportation costs and enhance public transportation convenience and safety.
    2024/03/26 13:58
  • Taipei mayor urges empathy over rising electricity costs

    Taipei Mayor Chiang Wan-an urges central government to empathize with public and small businesses amid electricity price hike concerns. Young homeowners worried about impact on quality of life. City government working to mitigate effects through increased revenue and reduced expenditure.
    2024/03/25 15:06
  • Taichung battles rising costs amid electricity price hikes

    Taichung Mayor Lu Shiow-yen addresses the impact of rising electricity prices on the city’s annual costs, emphasizing the need to safeguard public transportation and essential services from the effects of the 11% price hike set to take effect in April. The Taichung Metro company plans to mitigate the anticipated 14% increase through cost-saving and energy-efficient measures.
    2024/03/25 13:47
  • Goldman Sachs forecasts massive expansion for TSMC

    Goldman Sachs predicts that Taiwan Semiconductor Manufacturing Company (TSMC) will double its CoWoS production capacity by 2025, leading to a raised target price of NT$975. The forecast includes plans for advanced CoWoS packaging plants in Chiayi and potential expansion to Japan. Customer demand for advanced packaging, especially CoWoS, is expected to rise with the adoption of 2-nanometer process technology. Goldman Sachs also revised TSMC’s capital expenditure forecast and profit outlook for major AI companies, reflecting a positive growth trend in the industry.
    2024/03/25 12:49
  • Taiwan’s inflation rate projected to drop to 2%

    Central Bank Governor Yang Chin-long predicts Taiwan’s inflation rate to drop to around 2% in 2024 due to expected international oil price decreases and modest service price increases. The Central Bank’s upcoming board meeting is anticipated to maintain the re-discount rate at 1.875%. Yang cites declining inflation rates and negative output gaps as key factors influencing the decision. Geopolitical conflicts and weather conditions pose uncertainties to Taiwan’s inflation trends.
    2024/03/14 14:33
  • Taiwan holds steady on water prices amid economic debate

    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.
    2024/03/13 19:11
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