Taiwan economic development 結果共65筆

Explore the impact of a potential ban on Taiwanese travel groups to China starting June 1, as discussed by Chen Yi-hsuan. With 80% of Taiwan’s travel agencies involved with China, the industry faces the risk of unregulated tourism. Efforts to negotiate with China have begun, highlighting the economic significance of Chinese tourists to Taiwan and urging the new government to prioritize cross-strait exchanges. Concerns over legal, safety, and transportation issues are also raised by industry leaders.

Chu Chien-meng of the Development Association for Taiwan Tour Guide shares a bleak outlook for Taiwan’s tourism in 2023 due to unresolved political tensions with China and a new ban on group tours. The industry also faces challenges from recent natural disasters and legal issues, despite calls for more open policies to boost tourism and economic growth.

President Tsai Ing-wen commits to supporting Taiwan’s industry development, highlighting the country’s export success and plans for post-pandemic recovery. Tsai vows to deepen global economic ties, recognizing the National Importers & Exporters Chamber of Commerce’s role in driving economic growth amidst challenges. Taiwan aims to enhance international competitiveness through agreements with the U.S., U.K., Canada, and others, promoting a prosperous future for Taiwanese industries.

Explore how Premier Chen Chien-jen addresses Taiwan’s wealth gap, highlighting the disparity between the top and bottom income groups and the government’s commitment to narrowing this gap through economic and social welfare measures.

Explore the recent meeting between Taiwanese Vice President Lai Ching-te and Japan’s LDP delegation led by Takako Suzuki, focusing on strengthening economic ties and regional peace.

Explore Vice President Lai Ching-te’s visit to China Steel Corporation in Kaohsiung, where he delved into the company’s efforts toward net-zero carbon emissions, highlighting its role in Taiwan’s economic growth and sustainable development.

President Tsai Ing-wen awards Morris Chang, TSMC founder, the Order of Dr. Sun Yat-sen for his contributions to Taiwan’s global standing and semiconductor industry, highlighting his role as a key figure in Taiwan’s economic development and international prominence.

Premier-designate Cho Jung-tai addresses criticism of his new cabinet, emphasizing a collective commitment to Taiwan and announcing six new appointments focused on economic development and fair distribution.

President-elect Lai Ching-te plans to boost Taiwan’s industrial development by engaging with key industries like machine tools and machinery. He aims to collaborate with the Ministry of Economic Affairs to promote economic growth post-inauguration. Lai has already visited various industries and emphasized the importance of the machinery sector in Taiwan’s economy.

Taiwan’s NDC reports economic stability with a green light status for February, driven by production and export improvements linked to AI themes. Officials anticipate continued growth in March, citing positive trends in manufacturing, consumer confidence, and foreign trade. Investment in emerging technologies and R&D, along with steady public investment, are expected to sustain momentum.

At the 2024 Global SDGs Summit, Taiwanese Vice President-elect Hsiao Bi-khim discussed the critical importance of local sustainability and international integration in facing global and domestic challenges. Emphasizing innovation and cooperation, Hsiao outlined a future where Taiwan not only addresses its unique issues but also contributes significantly to global sustainable development goals.

Vice President Lai Ching-te commends Taiwan’s machine tool industry for its technological innovation and commitment to net-zero and digital transformation at the 2024 Taiwan International Machine Tool Show. Taiwan stands out globally for its high-end machine tool production and comprehensive industry showcased at the annual event. The government aims to strengthen Taiwan’s position as a high-end machine tool manufacturing country and rebuild a reliable supply chain with democratic allies amidst global changes. Vice President Lai also advocates for AI industrialization to attract international investment and drive innovation across all industries in Taiwan.

The inaugural Taiwan-France High-Level Economic and Trade Dialogue, led by Taiwan’s Minister of Economic Affairs, Wang Mei-hua, discussed cooperation in semiconductors, AI, and electric vehicles. French officials agreed to integrate industrial and economic cooperation meetings, with a focus on supply chain opportunities in renewable energy and the space industry. Bilateral trade between Taiwan and France reached a record high of $60.9 billion last year, with significant investments from both sides.

Deputy Legislative Speaker Johnny Chiang extends an invitation to MPs from Asian-Pacific Parliamentarians’ Union member countries to Taiwan’s 2025 Annual Meeting. Chiang emphasizes Taiwan’s commitment to addressing regional issues like climate change and economic development. Taiwan will host the APPU conference for the 11th time in 2025.

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.

Stay updated on Taiwan’s economic progress as the National Development Council reports a stable outlook for January 2024. Economic indicators show positive trends in production, investment, sales, and finance, signaling continued recovery. Follow the transition from recession to a transitional economy in key sectors, reflecting a promising shift in Taiwan’s economic landscape.

U.S. Congressman Mike Gallagher, along with a team of American lawmakers, visited Taiwan and expressed support for the island’s resistance against China’s influence. The delegation praised Taiwan’s successful development and voiced commitment to deepening U.S.-Taiwan relations for peace and stability in the region. Senator Marco Rubio also reiterated his support for Taiwan during a separate meeting with Taiwan’s ambassador to Paraguay.

Taiwan Power Co. (Taipower) faces a potential financial crisis by year-end without government aid or electricity price hikes, warned Minister of Economic Affairs Wang Mei-hua. An upcoming electricity price review may see rates for ultra-high-voltage users surge by over 10%. Wang emphasizes the need for discussion in the committee meeting and assures efforts to minimize impacts on the public. Taipower’s efficient management has helped curb price spikes and inflation, with plans in place for financial support and program development. Current electricity costs for major consumers stand at around NT$1.63, while Taipower’s generation cost, pre-tax, is NT$3.93, expected to surpass NT$4 post-tax.

President Tsai Ing-wen highlights the success of Taiwan’s investment incentives projects, which have attracted over NT$2.17 trillion in investments and created over 140,000 jobs. Speaking at a Lunar New Year event, Tsai emphasizes the importance of Taiwanese businesses in driving economic development and emphasizes Taiwan’s global reach and reliability as an international partner. She also discusses Taiwan’s efforts to improve infrastructure and expand external relations, including trade cooperation with the U.S. and U.K. Tsai calls for the preservation of the peaceful and stable status quo in the Taiwan Strait and expresses a commitment to upholding democracy and seeking cross-strait dialogues. The event was attended by government officials and over 300 Taiwanese businessmen living and working in China.

Taiwan’s Ministry of Foreign Affairs (MOFA) will closely monitor developments in Tuvalu post-election, as most elected officials have established frequent interactions and friendly stances with Taiwan, ensuring solid diplomatic ties. MOFA condemns China’s attempt to influence the election by buying off local media in Tuvalu. The loss of Tuvalu’s pro-Taiwan Prime Minister has sparked speculation about a potential shift in foreign policy and diplomatic alliance with Beijing. However, MOFA notes that the majority of elected Tuvalu officials maintain good relations with Taiwan and support upholding the amicable relations between the two countries. MOFA urges the international community to pay attention and counter autocratic dictatorial countries that manipulate elections in democratic states. This development reflects the ongoing competition between China and Taiwan for diplomatic allegiances in the Pacific region, with countries sometimes switching allegiances for economic or political support.

Following the United Kingdom’s departure from the European Union (EU), Taiwan’s representative to the UK, Vincent Yao, stated that Brexit has allowed the UK to establish closer economic ties with Taiwan, potentially helping Taiwan resist China’s attempts to isolate it. Taiwan is also increasingly investing in the UK, with the goal of becoming the UK’s primary trading partner in Europe. Additionally, strengthening UK-Taiwan trade relations could benefit the UK by providing access to Taiwan’s key industries, such as semiconductors. The bilateral relationship between Taiwan and the UK is reflected in the increase of UK government officials posted to Taiwan and the expansion of the UK office in Taipei. Collaboration between the two countries extends to areas such as artificial intelligence, offshore wind power, and electric vehicle batteries. However, there is still room for further development in bilateral cooperation.

Taipei’s Executive Yuan Spokesperson, Lin Tze-luen, announced a budget surplus for the 2023 fiscal year, attributing the achievement to the combined efforts of civil society and the government. The surplus will be allocated responsibly to maintain fiscal discipline, primarily focusing on debt reduction and infrastructure investment. Taiwan’s economy has experienced consistent growth, resulting in a budget surplus for seven consecutive years. In 2022, the surplus reached an impressive NT$500 billion, leading to a proposed special budget of NT$380 billion. This special budget aims to enhance economic and social resilience, with provisions such as a cash payment of NT$6,000 per citizen, support for labor and health insurance programs, and assistance for Taiwan Power Company. Additionally, the special budget includes programs to aid residential loan holders from the middle class and below. Lin emphasized the government’s commitment to considering public opinion and promoting national affairs to facilitate Taiwan’s sustainable development.

Taiwan’s government confirms budget surplus, prioritizes debt repayment and infrastructure investments. Cabinet spokesman Lin Tze-luen expresses gratitude for joint efforts leading to economic growth. Taiwan’s annual tax revenue exceeds target, reaching NT$367.1 billion in fiscal year 2023, marking the third-highest record. Speculation arises on possible cash rebate as government distributed NT$6,000 to citizens in 2022 surplus. Lin Tze-luen declares government will consider public opinion on surplus utilization. Surplus will be applied with fiscal discipline, focusing on debt repayment and infrastructure investments. Efforts will be made to meet national and individual needs for sustainable development.

President Tsai Ing-wen commends Taiwan’s remarkable economic growth, surpassing East Asia’s average, during a year-end celebration. She urges corporations to enhance employee benefits as her term nears its end.

Presidential candidates from the Kuomintang (KMT) and the Democratic Progressive Party (DPP) held simultaneous campaign rallies in New Taipei City. KMT candidate Hou Yu-ih criticized DPP candidate Lai Ching-te for allegedly belittling the Republic of China (Taiwan) and accused the DPP of corruption. Lai emphasized human rights during his visit to the Luchou Lee Family Historic Estate and promised support for renovating the residence of Lieutenant General Lee, a figure in the resistance against Japanese occupation who was falsely accused and executed during the KMT-led era. Lai highlighted his commitment to economic development and human rights protection.