Price Increase 結果共37筆

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.

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.

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.

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.

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.

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.

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.

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.

Amid inflationary pressures, Taiwan plans to raise electricity prices, impacting daily life and industry, especially high-energy-consuming businesses like hot pot restaurants. The increase, projected to be across-the-board, could lead to higher operating costs and consumer prices. Taiwan Power Company faces substantial losses, with a potential 20% price surge predicted to affect economic growth and consumer prices. Some workers see the adjustment as a step towards sustainable energy development, encouraging energy-saving and emission-reduction industries.

Taiwan Semiconductor Manufacturing Company (TSMC) stock price hits record high, pushing market value beyond NT$20 trillion. TSMC’s surge driven by factors like NVIDIA shares increase and Fed Chair Powell’s optimistic outlook. Taiwan Stock Exchange (TWSE) also reaches record high of 20,065.5 points.

HeySong Corporation, a Taiwanese company, has announced price adjustments for some of its products after 10-20 years of unchanged prices. The adjustments, set to take effect in March, will see prices increase by 10-20%. The most notable increase will be for the popular 330-milliliter HeySong Sarsaparilla, which will surge by up to 25%. The company attributes the price adjustments to rising costs of raw materials, packaging, transportation, and personnel. The recommended retail price adjustments will mainly affect packages less than one liter, with some increasing by NT$4 and others by NT$5-6. Other beverage brands, such as Taisun Enterprise, have also indicated rising drink prices due to increased international raw material costs. The King Car Group had already adjusted the price of its Pocari Sweat drink in November 2020, marking the first price adjustment in 17 years. Public opinion on the price changes seems to be accepting, with many stating that they understand most products are experiencing price increases as long as the surge isn’t too high.

Taipei City Government to increase lunch subsidies for underprivileged high school and vocational students from NT$55 to NT$65 per day in response to rising prices. The expanded subsidy scope now includes first- to third-year specialist college students. Approximately 17,500 students are expected to benefit from this program, with a budget of NT$8.5 million allocated for lunch expenses.

Taipei Mayor Chiang Wan-an announced that ticket prices for Taipei Zoo will increase from April 1. The current standard entrance price is NT$60, with discounted tickets at NT$30. However, starting April 1, non-Taipei residents will pay NT$100 per ticket, while student discounts will be raised to NT$50 regardless of residency. Children under 12 and elderly Taipei residents will still have free admission. Group tickets for organizations purchasing for more than 30 people will have a preferential price of NT$70 per person. The increased prices will contribute to improved animal welfare initiatives, and Taipei Zoo expects the price adjustment to increase the city’s revenue by about NT$41 million. The zoo recently underwent an evaluation by the Association of Zoos and Aquariums, with funds raised from the revised ticketing primarily going towards enhancing animal welfare and strengthening international relations and exchanges.

Supermicro, the U.S.-based server and computer manufacturer, experienced a stock price surge of over 10% during after-hours trading on Jan. 29. This increase followed the release of the company’s financials for the October-December 2023 period, which exceeded market expectations. Supermicro upgraded its full-year revenue outlook for the 2024 fiscal year from US$10-11 billion to US$14.3-14.7 billion. The current quarter’s sales estimate is US$3.7-4.1 billion, with an adjusted earnings per share of US$5.20-US$6.01. Net sales for the company have more than doubled from US$1.8 billion in the same period last year to $3.66 billion, surpassing the market estimate of US$3.42 billion. Supermicro CEO Charles Liang attributed the company’s success to winning new partners and the increasing demand for its optimized AI computer platforms and comprehensive IT solutions.

LINE Pay, a mobile payment provider, had a successful over-the-counter market debut in Taipei, with shares soaring 195% from the listing price of NT＄348 to a record high of NT＄1030. The company’s financial documents reveal a capital of NT＄600 million and earnings per share of NT＄8.04 in 2022. LINE Pay’s revenue for 2022 reached NT＄3.62 billion, demonstrating consistent growth over the past four years. With over 500,000 payment locations and more than 7 million active users out of 12 million customers in Taiwan, LINE Pay predicts that its revenue will increase to NT＄4.78 billion in 2023. Notably, nearly half of the population in Taiwan are LINE Pay users. In terms of revenue share in 2023, transaction fee income accounted for 83%, financial promotion collaborations for 12%, and marketing product sales for 5%, according to LINE Pay’s statement.

Taiwan’s Executive Yuan spokesman, Lin Tzu-lun, announced that the Consumer Price Index (CPI) rose by 2.71% in December 2023. Due to the CPI surpassing the legal threshold for two consecutive years, the government supports increasing stipends for retired military, civil, and education personnel by at least 4%. Fixed pension benefits for these individuals will be adjusted to account for inflation. The Executive Yuan has allocated NT$4.4 billion in the 2024 central government budget as a reserve fund for price fluctuations. The necessary adjustment mechanisms have been initiated, with a specialized assessment panel deliberating on the rate adjustment. The government aims to complete the related processes and backtrace the adjustments to January 1, 2024, to ensure the living standards of retired personnel.

Taiwan Semiconductor Manufacturing Co. (TSMC) leads Taiwan’s stock market with expectations of over 20% annual revenue increase. TSMC’s stock price stabilizes, opening at NT$580, raising market capitalization to NT$15.03 trillion. In contrast, major U.S. indices closed negatively on Wednesday. TSMC’s American Depositary Shares (ADR) decreased by 1.34%, closing at $100.17.

50 Lan, a renowned tea beverage chain in Taipei, is set to raise its prices in 2024 due to increased operational and sales costs. Influenced by ingredient costs and labor shortages, the hike marks a potential trend in Taiwan’s popular hand-shake beverage market.

The Taiwan Higher Education Union (THEU) has criticized the government for playing a false game with wage increases. While civil servants, including military and education personnel, are set to receive a 4 percent pay increase next year, over 21,000 technical and administrative staff at universities, about 70 percent, remain unsure of their raises. This uncertain group includes employees at private universities. The THEU believes that the government should not leave salaries of non-certified staff to the discretion of universities, as it causes division and lowers morale. Only around 9,000 public employees out of the approximately 31,000 full-time staff members at universities and colleges are certain about their pay rise next year. The THEU is concerned that the hardships of grassroots workers in tertiary education institutions are being overlooked amidst the upcoming presidential elections. They urge that national wage increases should apply to all university staff, with appropriate subsidies provided.

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.

Taipei 101 has maintained its position as the highest-valued land in Taipei for the 11th consecutive year, with an estimated value of NT＄2,001,000 per square meter. This equates to approximately NT＄6.615 million per ping, a traditional Taiwanese unit of area. Cathay Landmark Plaza follows closely behind, achieving record-high office rental prices and a land value of NT＄1,920,000 per square meter or roughly NT$63.47 million per ping. Shin Kong Life Tower, another prominent structure in Taipei’s skyline, claims the third-highest land price at NT＄1,904,000 per square meter, equivalent to about NT$62.94 million per ping. Land values in Taipei have been steadily rising for six years, although the rate of increase in 2023 appears to be slowing down. Taipei’s property value growth is considered the most stable among Taiwan’s six special municipalities, with a yearly increase of 1.37% in housing prices and a 0.48% rise in the land price index, according to the Ministry of the Interior’s latest housing price index.

The CPC Corporation, under the Ministry of Economic Affairs, has announced a reduction of NT$0.3 in gasoline prices and an increase of NT$0.3 in diesel prices starting midnight on Monday. This adjustment is part of the ongoing implementation of the dual stabilization mechanism for oil pricing. The pricing measures absorbed NT$0.2 for both gasoline and diesel this week, following a decline in the 7D3B weekly average price. The floating oil pricing mechanism originally predicted a decrease of NT$0.1 in gasoline prices and an increase of NT$0.5 in diesel prices. However, due to currency appreciation in neighboring Asian countries, Taiwan’s price adjustments fell below those of its neighbors, resulting in a net absorption of NT$0 for both types of fuel. CPC has stated that it will continue to adjust domestic fuel prices in accordance with the oil pricing formula and government tax reductions to maintain the lowest possible prices in Asia and stabilize domestic oil prices through its stabilization measures.

The Taiwan Railway Administration (TRA) is considering a potential fare increase, with a plan to review the proposal in the first quarter of next year and a possible implementation in the latter half of the year if approved. The decision on fare adjustments will be made by the board of directors of the newly formed TRA company, which will be established on January 1. The board will determine the necessity, method, and extent of any price changes before submitting their proposal to the Ministry of Transport and Communications (MOTC). Despite submitting several versions of fare increase proposals to the MOTC earlier this year, substantive discussions have not yet taken place. MOTC Minister Wang Kwo-tsai supports respecting the independent decisions of the company’s board of directors regarding fare adjustments. The transition to a company structure will decrease the direct impact of fare adjustments on TRA’s operations, and any losses incurred due to policy factors will be subsidized by the government under the provisions of corporatization. Former MOTC Minister Tan Ho-chen also supports increasing TRA’s ticket prices, arguing that it will help the railway understand its genuine operational costs and develop effective pricing strategies.

Taiwan’s central bank has announced that it will maintain its interest rate for the third consecutive time in its quarterly board meeting. The decision was influenced by price changes and the need to balance stabilizing consumer prices with sustaining economic growth. Despite rising consumer prices due to natural disasters, the central bank remains optimistic and expects the inflation rate to drop below 2% next year. Forecasts for Taiwan’s GDP growth rate in 2023 are more positive, projected to reach 3.12%. This is supported by increasing private consumption, particularly in tourism and dining, as well as the central bank’s expectation of a global export increase to stimulate local investment and drive economic recovery. In contrast to the Federal Reserve in the U.S., Taiwan’s central bank stated that its monetary policy approach would be adjusted gradually based on the country’s economic conditions. Despite high housing prices, the central bank has decided against imposing stricter measures or withdrawing from market intervention to avoid further impact on the property market.