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Taiwan parents face economic strain from education costs
Rising education costs in Taiwan burden families, with the average fund per child at NT$4.81 million. Experts advise balancing financial stability and children’s holistic development.
2024/09/25 18:02
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Taiwan’s CPI rises for fourth month, hitting 2.36% in August
Discover the latest on Taiwan’s economy: August’s Consumer Price Index rose by 2.36%, marking the fourth month of inflation above 2%. Factors include higher rents and dining costs, offset by lower egg and fuel prices. A trend toward stability is expected.
2024/09/06 17:20
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EVA Air expects airfare hike in 2025 due to rising costs
Discover why EVA Air’s President predicts a rise in airfares by 2025, citing increased operational costs and the impact of sustainable fuels. Learn about the stability of airfares across various routes.
2024/09/03 13:49
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Bafang Dumpling announces price hike due to rising costs
Discover how Bafang Dumpling is adjusting its prices due to rising costs and labor shortages, while keeping some favorites unchanged. Learn more about their commitment to quality.
2024/07/09 13:26
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Taiwan sees surge in young investors amid rising costs
rising living costs in Taiwan are prompting young people and even children to focus on financial planning, with over 2 million under 30 and 270,000 under 12 opening accounts. Learn about Yuanta Securities’ efforts to simplify investing for minors.
2024/07/08 15:27
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Taiwan’s CPI hits 4-month high with 2.42% increase in June
CPI up 2.42% in June, highest in 4 months Fruit prices soared 22.60%, rents and dining out rose Egg prices fell, core CPI grew 1.83% annually Medical costs up 3.78%, housing rose 2.27%
2024/07/05 17:06
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Taoyuan police cafeteria keeps lunch prices low for 20 years
Discover how the Taoyuan Police Department’s cafeteria has kept its lunch prices unchanged at NT$60 for nearly 20 years, offering a cost-effective dining option amid rising living costs. Learn about the historic cafeteria’s operations, post-pandemic changes, and the retirement of key figure Fan Yang-lung.
2024/07/01 16:44
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Din Tai Fung raises menu prices by 6% amid rising costs
Discover how Din Tai Fung’s recent price hike, affecting 80% of its menu including favorites like xiaolongbao, is a response to rising operational costs. Learn about the restaurant’s efforts to balance quality with increased labor expenses and how other Chinese cuisine chains are also adjusting prices.
2024/06/14 16:11
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Premier Cho addresses electricity pricing concerns in Taiwan
Discover how Taipei and New Taipei mayors address concerns over rising electricity costs and the impact on Metro Taipei and SMEs, advocating for subsidies and support in a meeting with national officials.
2024/05/23 17:34
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Survey reveals Taiwan office workers’ financial challenges
A recent survey in Taiwan indicates a pressing issue with office workers finding their wages insufficient due to rising living and dining costs, highlighting the need for economic adjustments.
2024/05/13 17:36
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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
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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
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Taiwan’s economy to grow by 3.29% amid inflation concerns
Explore the latest economic forecasts for Taiwan as the Taiwan Institute of Economic Research projects a GDP growth of 3.29% and a CPI increase to 2.13%. Amidst stable domestic demand and expanding exports, concerns over rising costs and geopolitical tensions loom. With cautious business investments and the global economic climate’s uncertainties, Taiwan navigates through challenges towards growth.
2024/04/26 16:27
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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
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Quake in Hualien leads to higher fruit and vegetable costs
Following a recent earthquake in Hualien, transportation costs for fruits and vegetables have surged, as reported by Chang Te-chi, secretary-general of the Ji-an Township Farmers’ Association. The damage has forced trucks to take a longer route, doubling travel time and causing frost damage to produce. Despite stable prices due to government efforts, concerns grow over rising expenses if the Suhua Highway remains closed. The Agriculture Development Department of Hualien County and the Taipei Agricultural Products Marketing Corporation highlight the financial strain on farmers and the logistics challenges faced, including increased labor costs and the impracticality of using refrigerated trucks on alternative transport modes.
2024/04/24 15:26
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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
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Taiwan’s rising rents: pandemic, war, and interest rates
the year-over-year (YoY) rate in the rent index has been around 2% for the past two years, a relatively high level. The YoY growth rate in March was 2.24%, the highest increase in the past year. Over the past decade, the average annual increase in the rent index was 1.1%. However, since July 2022, the growth has exceeded 2% and has remained at this level. DGBAS officials pointed out three main factors that contributed to the rise in rent. First, the cost of maintaining houses has increased. In recent years, the increase in residential maintenance costs has been significant, with a sharp rise of 5.8% in 2022 and increases of over 3% in 2023 and 2024.
2024/04/12 18:00
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Taipei offers subsidies to mitigate rising electricity costs
Explore how Taiwan’s significant electricity rate hike affects businesses and consumers, and the Taipei City Government’s efforts to mitigate these impacts through subsidies and energy-efficient technology upgrades.
2024/04/10 17:31
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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
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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
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HeySong Sarsaparilla price hike: First in over a decade
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.
2024/02/17 11:21
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Pet hotels in great demand during Lunar New Year holidays
Amid Taiwan’s Lunar New Year, pet owners face booking difficulties and soaring prices at pet hotels. Tsen Chi-ying, a cat hotel manager, highlights the rising costs and limited capacity, prompting pet owners to seek alternative care solutions.
2024/02/09 08:00
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Taiwan’s growing wealth gap raises concerns: experts
Taiwan’s wealth gap widens as economic growth hits a 14-year low. Experts call for action to address income inequality and rising living costs.
2024/01/29 16:44
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Taiwan’s presidential candidates address housing crisis
Taiwan’s 2024 presidential candidates focus on housing issues to win young voters’ support. Opposition parties criticize the incumbent president’s housing track record. Experts raise concerns over rising costs.
2024/01/07 17:37
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Popular tea chain to raise prices due to rising costs
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.
2023/12/28 18:42