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No new housing controls expected, says Yang Chin-long
Taiwan’s Central Bank governor announced success in reversing expectations of rising housing prices, aiming for adjustments by mid-2025. Learn more about the measures taken.
2024/11/14 16:47
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Finance ministry enforces mortgage insurance rules
The Ministry of Finance in Taiwan addresses concerns over banks tying mortgage insurance to loan approvals. It emphasizes compliance with regulations and monitors public banks.
2024/10/07 15:15
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Taiwan housing market faces slowdown in Q4 2024: TIER
Taiwan’s housing market may slow in Q4 2024, with high, volatile prices. Central bank policies impact residential more than commercial real estate, affecting agents and developers.
2024/09/25 20:00
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Taiwan trade group calls for interest rate cuts
Discover how Taiwan’s trade group urges for interest rate cuts to boost domestic investment and attract foreign businesses, opposing further electricity rate hikes amid wage and carbon fee increases.
2024/09/19 16:11
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Cho Jung-tai faces low approval ratings 100 days into office
Discover how Taiwan’s Premier Cho Jung-tai addresses the new housing loan program concerns and plans for minimum wage adjustments amid mixed public satisfaction ratings.
2024/08/28 18:02
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MOF refutes claims of loan restrictions in state banks
Discover the latest on Taiwan’s real estate loan dynamics: The Ministry of Finance clarifies its stance on "loan restrictions" amid concerns of a surging market and regulatory scrutiny. Learn how banks are navigating these challenges.
2024/08/22 10:27
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Taiwan’s premier addresses surplus tax revenue use
Discover how Taiwan’s Premier Cho Jung-tai addresses surplus tax revenue and debt repayment in the Legislative Yuan, alongside discussions on AI technology for policy advocacy and privacy concerns.
2024/07/02 14:42
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Taiwan Central Bank joins Instagram for youth engagement
Discover how the Central Bank of the Republic of China (Taiwan) is connecting with younger audiences by launching its official Instagram account, joining the global trend of central banks like the FRB, ECB, and BoE. Learn about their unique approach to engaging with the public through softer content, including educational videos and career opportunities.
2024/05/06 18:08
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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
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Experts call for monetary policy twist to boost investment
Explore how Taiwan’s excess savings rate, projected to reach 15.46% in 2024, indicates economic resilience yet poses challenges for growth. Learn about the government’s strategies to stimulate investment and spending.
2024/04/15 16:45
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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
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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
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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
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Taiwan’s Central Bank cautions against ETF investment craze
The Central Bank of the Republic of China’s Governor warns of excessive subscriptions for two new ETFs in Taiwan, prompting regulatory caution and policy measures from the Financial Supervisory Commission. Concerns over herding effects and risks in collective investments lead to calls for suppressive measures and improved disclosure standards. Stay updated on the evolving ETF investment fervor in Taiwan’s financial markets.
2024/03/15 14:47
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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
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Taiwan launches coveted dragon zodiac coins amid frenzy
Limited edition dragon year zodiac commemorative coins are being sold by Taiwan’s Central Bank, with 45,000 sets available at the Bank of Taiwan’s counters. Queues formed as early as 4 a.m. despite the cold weather, and each buyer can purchase only two sets per turn. Online pre-orders sold out within 3 hours, and the resale price has surged to NT$3,000 from the original price of NT$1,900.
2024/01/22 12:15
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Survey: near 60% in Taiwan expect 1-3 months’ year-end bonus
A new survey conducted by Cathay Financial Holding reveals that 59.3% of respondents expect their year-end bonuses for 2023 to be between one to three months’ worth of salary. Additionally, 45.9% of those polled anticipate a salary increase in 2024, with 9.2% expecting the raise to exceed 3%. However, only 8.3% foresee year-end bonuses topping three months’ salary, while 32.4% predict bonuses will fall below one month. In terms of regular monthly earnings in 2024, 47.6% of participants project stability. The survey also indicates that the average growth expectation for Taiwan’s economy in 2024 stands at 2.52%, with 70% of those surveyed predicting a growth rate above 2%. Respondents expect the inflation rate in 2024 to be 2.21%, with 55% believing it will remain above 2%. These figures differ from the projections by the Directorate-General of Budget, Accounting and Statistics, which forecasts a 3.35% growth rate and a 1.64% inflation rate for Taiwan in 2024. In December, the optimism index for Taiwan’s stock market rose sharply to 16.1 from -0.4 in November, and the risk appetite index increased from 10.3 to 13.9, indicating market anticipation of potential rate cuts by major central banks next year. The survey, conducted from Dec. 1 to 7, gathered 13,379 valid questionnaires via email from members of Cathay Life Insurance’s official website and customers of Cathay United Bank.
2023/12/20 20:00
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TPP’s Wu touts legislative record ahead of VP debate
Taiwan People’s Party (TPP) vice-presidential candidate Cynthia Wu highlights her legislative achievements during her 412-day tenure in the Legislative Yuan. She proposed 15 bills, hosted five public hearings, and three symposiums. Notable bills include amendments to the Central Bank Act, the Social Medical Development Act, and the Assisted Reproduction Act, reflecting her dedication to improving Taiwan’s financial stability, healthcare system, and reproductive health policies. Wu believes that her policy platform will be built upon these legislative proposals as she prepares for the upcoming televised policy presentation and debate. The vice-presidential TV policy presentation is scheduled for December 22, 2024, while the debate will take place on January 1, 2024, as the 2024 elections approach.
2023/12/20 18:10
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Taiwan Central Bank holds interest rate steady for 3rd time
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.
2023/12/15 16:31
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Taiwan’s TAIEX hits year high, crosses 17,500 mark
Taiwan’s stock market opened strong on Tuesday, reaching a new high for the year of 17,528 points, surpassing the 17,500 mark. This increase came after a rise in U.S. stocks on Monday. The Taiwan Stock Exchange Weighted Index (TAIEX) climbed by 78.65 points to 17,496.99 points, with a trading volume of NT$36.387 billion as of 9:06 a.m. Leading the gainers in early trading were Taiwan Semiconductor Manufacturing Co. (TSMC), Largan Precision, and Foxconn. This week, as the market enters a central bank super week, banks in the U.S. and Europe are expected to announce their final rate decisions for the year. Taiwan’s Financial Supervisory Commission (FSC) chairman Huang Tien-mu expressed the government’s commitment to stabilizing the capital market and highlighted the resilience of Taiwan’s stock market. Huang assured that the FSC is prepared to manage the impact of the Federal Reserve’s decisions on the market.
2023/12/12 10:24
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Ko’s spouse clarifies sudden bank deposit hike
Chen Pei-chi, spouse of Ko Wen-je, presidential candidate from the Taiwan People’s Party (TPP), explained in a Facebook post that the increase in their bank deposits was due to receiving NT$4.22 million from a public service pension after Ko’s term as Mayor of Taipei ended. This clarification came after concerns were raised regarding the rise in Ko’s bank deposits, as disclosed by the Central Election Commission (CEC). Chen, who has been responsible for Ko’s financial declarations for years, praised the user-friendliness of the Control Yuan’s property declaration system but noted that the process for fulfilling the CEC’s requirements was incompatible with the Control Yuan’s document handling. Chen meticulously calculated the savings and net value of funds, including residual payment insurance policies. The couple had paid approximately NT$700,000 in insurance premiums that year but did not explicitly list it in the commission’s financial report form due to a lack of specific fields. Chen expressed surprise at the deposit increase, considering Ko’s retirement and lack of salary income as chairman of the TPP. The family relied on Chen’s hospital income, and the discovery of the NT$4.22 million pension deposit was unexpected.
2023/12/07 10:00
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Taiwan Central Bank open to further interest rate hikes
Taiwan Central Bank Governor Yang Chin-long addressed the Legislative Yuan’s Finance Committee, leaving open the possibility of further interest rate hikes. While rates in the U.S., U.K., Europe, Canada, and Australia are near their peak, Taiwan is approaching its high point. Previous inflation spikes were caused by typhoon impacts, leading to speculation about rate hikes. The Consumer Price Index (CPI) increased by 3% in October. The Central Bank’s council members unanimously decided to temporarily halt rate raises, but some members agreed to suspend hikes for only one quarter, suggesting aggressive responses to future inflation are possible. Market watchers are observing whether interest rate hikes might resume in December if inflation surpasses 3%. Yang attributed the current inflation to typhoon impacts, particularly rising vegetable and fruit prices, and promised close observation of rate raises in the fourth quarter. Economic growth is expected to remain above 2% this year, but the fourth quarter may see a downward revision to 1%.
2023/11/09 15:56
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Taiwan may see interest rate hikes in first quarter of 2023
Taiwan Central Bank Governor Yang Chin-long hinted at a new round of interest rate hikes in the first quarter of 2023, after raising interest rates by another 12.5 basis points in December this year.
2022/12/31 07:00