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  • Taiwan’s Legislative Yuan amends new property tax law

    Taiwan’s Legislative Yuan has passed a law amendment known as "Housing Tax 2.0," which will raise the residential property tax. The new tax will take effect on July 1, 2024, with taxation beginning in 2025. The Ministry of Finance estimates that around 4.45 million households will be affected by the revised tax, with approximately 3.1 million households benefiting from a preferential tax rate for single residency. This could potentially generate an additional revenue of NT$2.27 billion to NT$3.27 billion. Under the new system, residential properties will be categorized as "self-use" or "non-self-use," with a national limit of up to three properties classified as "self-use." The house tax will continue to be collected annually from May 1 to May 31, based on ownership from the prior year’s July 1 to the current year’s June 30. The amendment also requires that "self-use" residences meet household registration requirements in addition to the existing provisions regarding rental and occupancy by the owner, spouse, or direct relatives. The tax reform will have a significant impact on 10 municipalities that have not yet implemented the housing hoarding tax. To support the legislative changes, four supplementary regulations will be introduced, including differential tax rate modules, calculation formulas, principles for determining the number of household property holdings, and revisions to the organization of the Real Estate Evaluation Committees. All subsidiary regulations are scheduled to be amended by July 1, 2024.
    2023/12/20 18:10
  • Taiwan expands online passport booking to four applicants

    Taiwan’s Ministry of Foreign Affairs (MOFA) has announced that individuals can now book appointments for up to four passport applications at once online, an increase from the previous limit of one. This change, effective since December 17, is in response to a surge in passport applications following the reopening of international borders after the pandemic. The ministry’s Bureau of Consular Affairs encourages the public to take advantage of the enhanced ’Individual Passport Application Form Filling and Appointment System’ to schedule appointments in advance and reduce waiting times. The bureau’s official website also offers a real-time feature to check the current number being served and the number of people waiting, helping applicants avoid long queues. For further assistance, the Bureau of Consular Affairs provides information through their website and a dedicated passport inquiry hotline. These efforts reflect the ministry’s commitment to adapting public services to meet the evolving needs of citizens in the post-pandemic era.
    2023/12/19 16:48
  • Taiwan to merge tourism and weather services for travelers

    The Tourism Administration and the Central Weather Administration (CWA) have signed a memorandum of understanding to merge tourism and meteorological services in Taiwan. The partnership will focus on Taiwan’s tourism activities, particularly the 13 national scenic area administrations. The collaboration aims to develop strategic promotions that enhance the traveler experience by utilizing the expertise of both organizations. The Tourism Administration plans to incorporate real-time weather data into a tourism smart cloud, providing accurate weather conditions for tourists. The CWA will deliver targeted meteorological information for different regions, simplifying access for both local and international travelers. This initiative aims to catalyze the development of the tourism industry and ensure the effective use and exchange of weather and maritime information. The use of smart cloud technology will equip travelers with useful information, enhancing convenience and safety, especially for maritime recreational activities.
    2023/12/18 21:26
  • THSR adds 8 extra services for New Year

    Taiwan High Speed Rail (THSR) will add eight additional train services from Dec. 29 to Jan. 2 and 12 additional train services from Jan. 5 to Jan. 7 to accommodate the anticipated surge in travelers during the New Year holiday. THSR will operate a total of 113 extra services, with 53 heading south and 60 going north. Passengers without reserved seats can access real-time updates on station crowd control indicators on THSR’s official website. The availability of non-reserved seats at each station will also be provided. THSR has urged travelers to make way for those disembarking and to be cautious of the gap between the train doors and the platform. Additional staff will be deployed to ensure smooth operations throughout the holiday period. Tickets for the additional services will go on sale on Saturday (Dec. 16) midnight.
    2023/12/16 12:27
  • EVA profits soar as pilot wages lag, union plans strike

    The Taoyuan Union of Pilots (TUP) has revealed that EVA Airways pilots have experienced a more than 10% decrease in real wages since 2011, resulting in a nearly 10% loss of the national pilot workforce. TUP accuses EVA of collaborating with illegal brokers to recruit foreign pilots, potentially jeopardizing flight safety. EVA pilots have unanimously passed a resolution to proceed with a strike vote, with details to be announced soon. Despite EVA’s record-high pre-tax profit, pilot wages have been frozen since 2011. Last year, pilot salaries were marginally adjusted, failing to keep up with the rising Consumer Price Index, resulting in a real wage decrease of 10% to 12%. The per diem for pilots, unchanged for 30 years, saw a minimal increase last year. Over a hundred national pilots, mostly experienced, have left EVA in the past year. The union criticizes EVA for cost-cutting measures that have led to staff resignations and safety incidents. They are urging the Ministry of Transportation and Communications to intervene and are planning a potential legal strike.
    2023/12/12 13:36
  • Taiwan’s manufacturing sector shows signs of recovery

    Taiwan’s manufacturing sector shows signs of recovery with increased overtime hours in October, according to the Directorate-General of Budget, Accounting and Statistics (DGBAS). Manufacturers’ overtime climbed to 15.4 hours, a 1.6-hour increase from the previous year, marking continuous growth over four months and a return to 2021 levels. The average regular wage from January to October 2022 was NT$45,441, a 2.49% year-over-year increase. The total average salary within the same period was NT$59,270, up by 1.53%. However, when adjusted for inflation, the real average regular earnings only inched up 0.06%, and the real total earnings witnessed a slip of 0.87% year-over-year, the first negative growth in nearly seven years. This decline in total real wages is attributed to tepid exports and the rising cost of living. Employment in the industrial and service sectors stood at 8.19 million people as of October, with a slight increase compared to September 2021 and largely unchanged from October 2021. The service sector gained 41,000 employees in October, offsetting the decrease in the industrial sector. Throughout the first ten months of 2022, the average number of employed workers was 8.175 million, with the accommodation and food services and arts, entertainment, and recreational services sectors seeing new hires while the manufacturing sector lost jobs. In October 2022 alone, the average regular salary for employed workers was NT$45,564, a 2.31% annual rise, and the average total wage for the month was NT$51,143, a 1.35% increase from the previous year.
    2023/12/12 10:19
  • Taiwan sees first real wage decline in seven years

    Taiwan’s average regular earnings for employed workers increased by 2.49% from January to October, reaching NT$45,441. However, this growth is the lowest in the past three years, with total earnings, including bonuses and other irregular income, only up by 1.53%. The average monthly real wage slightly increased by 0.06% to NT$41,370, while the average total real wage decreased by 0.87% to NT$53,960, the first decline in seven years. This decline is attributed to a decrease in year-end bonuses following a cooling economy and a decrease in exports. Despite an overall increase in employment of 10,000 workers compared to last year, the manufacturing industry saw a significant drop of 27,000 employees due to economic adjustments. In October, the average regular wage was NT$45,564, up 0.13% from the previous month and 2.31% year-on-year. Part-time workers’ average hourly regular earnings increased marginally to NT$200, reflecting a 1.01% year-on-year gain. While industries such as arts, entertainment, and leisure services, as well as real estate, experienced wage increases, sectors like computer, electronic, and optical product manufacturing saw significant decreases in total wages by 18.54%. The employment numbers in manufacturing have been impacted by export decline, with an increase of 10,000 employed workers from January to October. The industrial sector saw a decrease of 0.63%, while the service sector grew by 0.67%. Accommodation and food services experienced a growth of 13,000 jobs, arts, entertainment, and leisure services saw an upsurge of 7,000, but manufacturing was hit with a reduction of 27,000 employees.
    2023/12/12 10:17
  • Interior Ministry boosts funds for religious property law

    The Ministry of the Interior in Taiwan has announced that it will allocate NT$10 million for the implementation of the Provisional Act Governing Religious Groups Registering Real Estate in the Name of a Natural Person. This legislation aims to address issues surrounding properties acquired by religious groups but registered under individual names. Minister Lin Yu-chang made the announcement during a visit to Bali Zihuang Tianyi Zhenqing temple, emphasizing the outreach to temples across Taiwan to communicate the details of the Act. In addition, the Ministry plans to increase government subsidies for temple activities, committing an additional NT$15 million to support these communities, a significant increase from the previous annual subsidy of NT$420,000. The Department of Religious and Ceremonial Affairs, established last year, will administer these initiatives, with the new budget allocations facilitated through local governments to ensure a seamless implementation and the preservation of Taiwan’s religious landscape.
    2023/12/08 18:03
  • Ko Wen-je slams rivals for dodging presidential debate

    Taiwan People’s Party (TPP) presidential candidate Ko Wen-je criticized his opponents for delaying the upcoming presidential debate, stating that there’s no need for it to be like the Roman Colosseum, but also no need for deceit. Ko expressed confidence that the TPP still had a chance to turn the tide in the election and suggested that current data indicated a situation ripe for an upset. He criticized his opponents’ debate strategy as one of delay and avoidance, aiming to strip the debate of any real conflict.
    2023/12/07 20:46
  • Taipei Fire Department, hospital sign MOU for rescue ops

    The Taipei City Fire Department and Taipei City Hospital have signed a memorandum of understanding (MOU) to strengthen collaboration between firefighters and medical personnel. The MOU includes joint training exercises, combined rescue efforts during major disasters, emergency medical response for mass casualty events, and the development of shared educational programs. Taipei City Hospital sees this partnership as an opportunity to improve rescue success rates and ensure the safety of search-and-rescue teams, as well as enhance overall operational effectiveness. The integration of real-world disaster response with training aims to enhance team coordination and achieve mutual benefits.
    2023/12/07 20:02
  • 拜登:中國在習近平領導下「有問題」 稱願出手救經濟

    美國總統拜登(Joe Biden)與中國國家主席習近平的第二次「拜習會」將於台灣時間明(16日)登場,已抵達舊金山(San Francisco)的拜登今(15)日在參加造勢活動時表示,中國在習近平的領導下存在「真正問題」(real problems),透露此次會晤的目標是中美雙方重拾互信。
    2023/11/15 13:56
  • Taipei 101 records 2nd highest office rental rate in 2023

    Taipei 101 secures its position as one of the most expensive office spaces in Taipei for 2023, with rental rates on its 69th floor reaching NT$4,803 per ping. Cathay Landmark slightly surpasses this, setting a high bar in the city’s real estate market.
    2023/11/14 12:21
  • Health minister unsure of nurses’ exam standards gripes

    The Ministry of Health and Welfare in Taiwan has decided to lower the entry standards for the national examination for nursing personnel in order to address staff shortages. The Minister of Health and Welfare, Hsueh Jui-yuan, expressed his uncertainty about the reasons for nurses’ dissatisfaction with the announcement. The goal of this policy change is to enhance the pass rate in the national examinations and boost the nursing workforce. However, the National Taiwan University Hospital Union argues that the real issue lies in the lack of conducive workplace environments to retain nurses, rather than the number of nursing licenses. They believe that both ministries have failed to adequately discuss the policy change and provide comprehensive explanations and support measures. The union urges hospital management to improve the workplace environment to better handle staffing predicaments.
    2023/11/12 18:02
  • Taiwan’s real wages to rise by 2.5% in 2024: report

    Asian-Pacific workers, including those in Taiwan, are expected to experience the highest global growth in real wage increases in 2024, according to recent data. India leads the way with a projected rise of 5.1%, while Taiwan contributes with a 2.5% increase. The ECA International’s Salary Trends Report indicates that real wages for Asian-Pacific workers will increase by 2.2% in 2024, more than double the global average of 1%. Taiwan ranks sixth in the real salary forecast growth rate in the Asia-Pacific region, surpassing Macau, Malaysia, the Philippines, Cambodia, and South Korea. Vietnam and Thailand are expected to see real wage surges of 3.6% and 3.4% respectively, while Singapore is projected to have modest growth of 0.5%. The region’s advantage of lower inflation rates compared to the rest of the world contributes to these increases. Greater China locations, excluding Hong Kong, are expected to be among the top ten globally in terms of real wage increases in 2024.
    2023/11/09 15:09
  • Ruentex Development’s new property breaks records

    Ruentex Development Co.’s new real estate property, ’Ruentex Yangbei (潤泰央北),’ in New Taipei City attracted hundreds of buyers who queued up for up to two hours to view the three homes up for sale. The property, located in the readjustment Yangbei district, set a new record for the highest price per ping in the area, with homes selling for over NT$900,000 per ping after negotiations. Each Ruentex Yangbei property is priced between NT$25.92 million and NT$29.52 million, with an average unit price of around NT$720,000 per ping. Situated at the intersection of Sixin First Road and Yangbei Second Road in Xindian, the property consists of three underground floors and 20 above-ground floors, housing a total of 185 units. Despite concerns about a cooling property sector, the strong demand for these properties since their launch in 2021 has surprised many. One online user commented, "It is hard to believe the housing market is cooling, seeing people buying properties like buying vegetables."
    2023/11/07 16:05
  • THSR early bird tickets require real-name registration

    The Taiwan High Speed Rail (THSR) will implement an early bird discount program with passenger registration starting from December 1st, with advance purchases available from November 3rd. Passengers who do not present a valid ID will be considered ticketless travelers and charged an additional 50% of the traveled section fare. The early bird discount tickets require the passenger’s national identity card or passport number and can only be used by the person named on the ticket. Changes to the ID number will not be accepted once the early bird reservation is complete.
    2023/10/31 16:03
  • National Security Council refutes DPP’s role in tensions

    National Security Council Secretary-General Wellington Koo refutes claims that the Democratic Progressive Party (DPP) is responsible for escalating tensions in Taiwan. Koo emphasizes that the real risk comes from mainland China’s refusal to abandon its military threat towards Taiwan.
    2023/10/17 15:39
  • 中國才是引戰者!顧立雄:民進黨從沒說過「反攻大陸」

    台海和平向來是不少國人關心的話題,而國際社會也越來越重視兩岸議題,國安會祕書長顧立雄16日接受網路節目《REAL TALK真實對話》專訪時提到,很多人說民進黨引來戰爭,但實際上是「中國不放棄武統台灣」,我們從來沒說過要「反攻大陸」,或是以維持現狀以外的方式來應對中國挑釁。
    2023/10/17 08:32
  • Jay Chou’s concerts in Shanghai face mass ticket returns

    Taiwan pop icon Jay Chou is facing a wave of ticket returns from scalpers for his Shanghai performances due to a newly implemented real-name system. Previously, scalpers had been profiting by reselling tickets for exorbitant prices, but the introduction of the real-name system has curbed their activities.
    2023/10/12 12:50
  • Taiwan convenience stores join program to label egg origins

    Taiwan’s Ministry of Health and Welfare has announced a pilot program to label the origin of egg ingredients in convenience stores. This comes after controversy surrounding imported eggs being labeled as produced in Taiwan. The program will focus on labeling eggs used in "real transformation" items like marinated eggs and tea eggs.
    2023/09/27 15:27
  • PLG、T1還不夠?傳職籃有第三聯盟 網紅:不要再瞎搞

    國內籃壇近年蓬勃發展,目前有PLG、T1、SBL,其中PLG和T1兩大職籃聯盟為大宗。近期網紅「二哥Real Talk」在IG爆料,寫下「如果台灣籃球有第三個職業籃球聯盟成立 ,你覺得如何?」引發不少網友臆測,台灣第三職籃聯盟是否即將誕生。
    2023/09/12 11:18
  • Property buyers flock to Taiwan’s real estate gem: Taoyuan

    High housing prices in Taipei are pushing people toward Taoyuan and Keelung for more affordable options. Taoyuan’s population has surged, making it a top choice, thanks to excellent transportation links.
    2023/09/11 21:12
  • Taiwan sees uptick in tiny apt. amid soaring housing prices

    Tiny apartments, measuring less than 82.64 square meters (25 pings), have garnered increasing attention in Taiwan’s housing market in recent years, with recent data indicating that the ratio of tiny apartments among the total of property transactions in the first quarter of 2023 was approximately 41.9%
    2023/08/29 16:24
  • Lai Ching-te reiterates housing policies to supporters

    Democratic Progressive Party (DPP) Presidential Candidate Lai Ching-te proposed his three housing policies again at the "National Real Estate Industry Lai Ching-te Support Association" on Sunday (Aug. 27).
    2023/08/28 10:42
  • Taiwan’s finance stable amid China’s property crisis: FSC

    Taiwan’s financial sector is unlikely to be strongly impacted by the ongoing instability in China’s real estate industry, the Financial Supervisory Commission (FSC) said on Friday (Aug. 18).
    2023/08/18 23:16
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