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  • Experts positive on Taiwan’s export performance in 2024

    Taiwan’s currency faces depreciation as the Federal Reserve’s interest rate hikes continue. Experts weigh in on potential impacts on exports and inflation, with anticipation for future Fed decisions. Stay updated on Taiwan’s economic landscape.
    2024/03/05 17:32
  • Taiwan reminds youth correct use of ’Culture Points’

    Taiwan’s Ministry of Culture has launched the "Culture Points" program, which allows Taiwanese youth aged 16 to 22 to receive at least 1,200 points, with each point equivalent to one New Taiwan dollar. These points can be used for various cultural and artistic experiences and consumption, such as museum tickets, community cultural center activities, music exhibitions, and art performances. However, there have been controversies as some vendors have violated the regulations by presenting beauty and nail care products as artistic and cultural items. Investigations have been launched, and the disqualified vendors have had their funds withdrawn. It is important to note that the Culture Points cannot be resold, bought, or cashed, and violators will be legally prosecuted. The points are valid until December 31, 2024, and recipients are required to scan the QR code at relevant venues or present the QR code for scanning. Receipts or invoices equivalent to the original value must be issued by stores during purchases made with Culture Points, and violating shops may be reported to the National Taxation Bureau.
    2024/01/25 16:37
  • MAC slams Beijing for ’dollar diplomacy’ to sway Nauru

    Taiwan’s Mainland Affairs Council (MAC) strongly condemns Beijing’s attempt to lure the Republic of Nauru into resuming diplomatic relations, accusing China of disrupting international order through "dollar diplomacy." The MAC criticizes China’s actions as an attempt to suppress Taiwan’s international status and sovereignty, despite its successful presidential election. Beijing’s attempts to snatch away Taiwan’s diplomatic allies will not earn it respect from the international community but will instead highlight Taiwan’s democratic achievements and contributions. The MAC calls on Beijing to stop this zero-sum thinking and emphasizes that the ROC government will continue to strengthen Taiwan’s resilience, unite society, and safeguard its international status and rights.
    2024/01/16 12:29
  • Foxtron marks milestone with record n7 EV model pre-orders

    Foxtron, a joint venture of Yulon Motor’s Luxgen Motor, has received over 9,100 pre-orders for its n7 electric vehicle (EV), making a significant impact on Taiwan’s domestic EV industry. Deliveries of the highly anticipated n7 model are set to begin in mid-January next year and be completed by the end of June. The n7’s pre-order numbers, achieved in just two days, equal three years of total EV sales in Taiwan, signaling a bright future for the EV market. Foxconn CEO Young Liu, leading the electric transformation of the trillion-dollar corporation, sees the increasing global competition in the EV sector as beneficial for Foxconn and its business models. Platformization, modularization, and standardization are key strategies for achieving cost control and timely product launches, which are at the core of Foxconn and Foxtron. The n7 model, benefiting from the shared platform provided by Foxtron, enjoys a competitive edge in cost, aligning with Foxconn’s global EV aspirations. The success of Foxtron’s n7 could potentially usher in a new era for Taiwan’s presence in the international EV landscape as the demand for sustainable transport continues to grow.
    2023/11/22 20:38
  • Ko Wen-je and Terry Gou meet over lunch without Hou Yu-ih

    Taiwan People’s Party (TPP) chairman Ko Wen-je confirmed that his lunch with Terry Gou involved talks on the depreciation of the Japanese Yen and how the New Taiwan dollar should respond. Ko clarified that this was a financial topic he discussed with Gou during their spare time, not a discussion about exchanging positions. The lunch took place after an event at the Hulu Temple, and they did not invite Kuomintang’s Hou Yu-ih, who had no successful meeting outcomes with Ko on the KMT-TPP alliance. Ko shared the details of his meeting with Gou after a press conference at his campaign headquarters, highlighting that frequent dialogues often turn acquaintances into friends.
    2023/11/03 21:19
  • Four NT$10 million receipt lotteries remain unclaimed

    Four unclaimed receipts from the March-April 2023 receipt lottery are still eligible for the NT$10 million grand prize.
    2023/09/04 19:23
  • Japanese Yen hits record low, presents travel opportunities

    In a remarkable turn of events, the Japanese Yen plummeted to an all-time low against the New Taiwan Dollar (NT$) on Friday (June 30), creating a lucrative opportunity for avid travelers.
    2023/06/30 17:26
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