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  • Taiwan’s machine tool exports dip amid global challenges

    Explore the impact of geopolitical risks, trade frictions, and inflationary rate hikes on Taiwan’s machine tool exports in April, as reported by the TMBA, with a significant decline in export value compared to the previous year and the preceding month, highlighting the global economic challenges faced by the industry.
    2024/05/09 17:14
  • Mother’s Day demand pushes carnation prices to record high

    Explore the bustling domestic carnation trade in Taipei as Mother’s Day nears, with prices hitting historic highs due to weather-induced yield decreases. Discover the colorful variety of domestic carnations and the significant recovery in flower industry exports, surpassing pre-pandemic levels. Learn about the boost in domestic flower consumption through innovative promotions and collaborations, aiming to reduce unsold rates.
    2024/05/07 14:45
  • Foxconn’s climate goals approved by SBTi

    Foxconn Technology Group achieves a significant milestone in environmental sustainability by receiving approval from the Science Based Target initiative (SBTi) for its net-zero emissions goal, making it a leader in Taiwan’s high-tech hardware industry. This commitment aligns with the Paris Agreement, aiming to limit global warming to 1.5˚C by reducing greenhouse gas emissions across its value chain by 2050.
    2024/04/24 17:54
  • TSMC stocks hit record high, market value surpasses NT$20T

    Taiwan Semiconductor Manufacturing Company (TSMC) stock price hits record high, pushing market value beyond NT$20 trillion. TSMC’s surge driven by factors like NVIDIA shares increase and Fed Chair Powell’s optimistic outlook. Taiwan Stock Exchange (TWSE) also reaches record high of 20,065.5 points.
    2024/03/08 10:18
  • KMT slams CGA for renaming report on fatal boat collision

    The Kuomintang criticizes the Coast Guard Administration for unilaterally changing a report title on a speedboat incident. The KMT calls it an act of arrogance and disrespect towards parliamentary oversight. The incident resulted in the death of two Chinese fishermen.
    2024/03/04 10:43
  • 跨海訪問/Ado難忘台粉熱情! 逛夜市竟買凱蒂貓「超愛白珍珠」

    日本覆面系歌手Ado今(2024)年2月7日前登上台北流行音樂中心開唱,她也是第一位登上該場地的日本單人女歌手。雖然目前正在進行世界巡迴,行程相當忙碌,但Ado仍抽空接受台灣媒體訪問。受訪中Ado親曝原來〈唱〉的編舞是由本人親自發想,她也聊到日前來到台北,對於「白珍珠」印象超深刻!
    2024/03/02 17:12
  • Taiwan dominates Vietnamese oyster market with 77% share

    Vietnam’s oyster exports experienced a substantial increase of 56% in 2023, surpassing US$14 million in value. Taiwan played a significant role in this growth, accounting for over 77% of Vietnamese oyster exports, marking a 26% increase compared to the previous year. The Vietnam Association of Seafood Exporters and Producers (VASEP) reported that the export value of Vietnamese shellfish products, including oysters, clams, and snails, reached US$127 million in 2023, showing a decline of 12% compared to the previous year. Among the shellfish exports, clams accounted for 62%, snails for 12%, and oysters for 11% of the total. While the export of Vietnamese clams and snails experienced decreases, oyster exports saw a remarkable surge, with Taiwan alone contributing to more than three-quarters of this growth, amounting to almost US$11 million. Other significant markets for Vietnamese oysters include Laos, Cambodia, and Japan. Clams remain Vietnam’s most crucial shellfish export, with an export value of nearly US$79 million in 2023, showing a 17% decrease from the previous year. This decline can be attributed to a significant reduction in imports by key markets such as Spain and Italy, which decreased by 15% and 36% respectively.
    2024/02/05 12:47
  • TSMC plans second Japan plant: A tech giant’s expansion

    Taiwan Semiconductor Manufacturing Company (TSMC) is considering constructing a second facility in Japan’s Kumamoto Prefecture, with an announcement expected in February. The new facility is projected to attract an investment of around two trillion Yen, roughly NT$421.6 billion. TSMC’s first plant in Kumamoto is nearing completion, indicating a significant expansion of the Taiwanese company’s operations in Japan. Industry analysts speculate that this development, along with the completion of TSMC’s first plant, could attract more semiconductor-related industries, including those from Taiwan, to Kumamoto. The new plant is expected to produce semiconductor products ranging from 7 to 16 nanometers. TSMC currently holds the tenth position in the list of 2023’s top global companies by market value, with a valuation of $53.498 billion, or about NT$1.67 trillion, according to UK-based financial services provider City Index.
    2024/01/29 11:38
  • 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
  • Taiwan’s stock market climbs despite TSMC share dip

    Taiwan’s stock market rose to 17,595.01 on Friday morning, despite Taiwan Semiconductor Manufacturing Company (TSMC) shares falling to NT$578. This contrasts with major U.S. stock indices, as the Dow Jones rose by 10.15 points while the Nasdaq fell by 81.91 points. TSMC’s American Depositary Receipt (ADR) price also dropped below US$100 to US$99.13, causing a decline of around 1.04%. This decrease in TSMC’s value affected the main index by approximately 16 points, and its market capitalization dipped below NT$15 trillion. Meanwhile, Asus Chairman Jonney Shih announced the company’s intensified efforts in artificial intelligence (A.I.) development, resulting in Asus shares rising by 6 points to open at NT$460.
    2024/01/05 18:32
  • Kaohsiung mayor Chen urges economic independence from China

    Kaohsiung Mayor Chen Chi-mai declares that Taiwan should not rely on China’s market, as it hampers Taiwan’s economy. He expresses regret that the Taiwan Semiconductor Manufacturing Company (TSMC) did not establish a factory in Taoyuan and that the Asia Silicon Valley Innovation and Development Center in Taoyuan has been halted. Chen highlights that TSMC’s 2-nanometer site in Kaohsiung is already operational. He points out that Kaohsiung’s 5G internet innovation park, modeled after Taoyuan’s success, is thriving, while Taoyuan’s center has been halted. Chen emphasizes Taiwan’s dominance in the global semiconductor industry, with TSMC controlling 92 percent of advanced manufacturing processes and 62 percent of global production value, and advocates for the development of Asia Silicon Valley as the correct path.
    2023/12/30 20:54
  • KMT VP Jaw vows to expand Taiwan’s diplomacy

    KMT vice-presidential candidate Jaw Shaw-kong pledges to expand Taiwan’s diplomatic relations if the KMT wins the upcoming elections. He criticizes the ruling DPP for losing nine diplomatic allies during their eight-year tenure. Jaw’s remarks were made during a Constitution Day event organized by the KMT’s Department of International Affairs, attended by KMT Chairman Eric Chu and KMT Vice Chairman Andrew Hsia. Chu defends Hsia, stating that he is a valuable asset to the party and urges media outlets to avoid spreading misinformation. Hsia expresses regret that young people overlook the significance of Dec. 25 as Constitution Day in Taiwan and promises to restore the value of the Republic of China if the KMT wins the elections next year.
    2023/12/26 10:11
  • DPP’s Hsiao promises review amidst KMT’s corruption claims

    Vice Presidential candidate Hsiao Bi-khim of the Democratic Progressive Party (DPP) vows to review and reflect on corruption allegations within the DPP government. This comes after her opponent, Kuomintang’s (KMT) Jaw Shaw-kong, accused the DPP of corruption during a policy presentation. Jaw raised concerns about the DPP obstructing Terry Gou’s acquisition of Pfizer-BioNTech vaccines and questioned the increase in the market value of Medigen Vaccine Biologics Corp. He advocated for the reinstatement of the Special Investigation Division to tackle corruption. Hsiao acknowledges mistakes within the party and emphasizes the need for self-review. She highlights the DPP’s commitment to reform and progressive policies, citing examples of marriage equality and energy transformation. Hsiao compares the government to a team in an international competition, emphasizing the importance of guidance and support for a unified nation.
    2023/12/23 09:55
  • Taiwan’s petrochemical industry unfazed by ECFA termination

    The termination of the Economic Cooperation Framework Agreement (ECFA) has raised concerns about its impact on Taiwan’s petrochemical industry. However, corporate entities in Taiwan have stated that the impact has been limited. This is due to Taiwan’s efforts to reduce its dependency on China for exports, as China increases its domestic supply of petrochemical products. Taiwanese firms are expanding into other export markets and focusing on enhancing the competitiveness of their high-value products. The move is a response to China’s accusations of discriminatory bans and restrictive measures on Chinese products, which China’s Customs Tariff Commission of the State Council sees as violating the ECFA. The ECFA’s "Early Harvest List" included 88 tax reductions on Taiwan’s petrochemical industry by China. With the suspension of tariff privileges, these corporations anticipate that the tax rate on associated products could rise from the current 0% to between 2% and 10%.
    2023/12/22 18:10
  • China’s tariff move to hit Taiwan’s petrochemical exports

    The Customs Tariff Commission of China’s State Council has announced that starting from January 1 next year, it will suspend the application of preferential tariffs for 12 categories of chemically imported goods from Taiwan, including propylene and paraxylene. China claims that Taiwan violates ECFA regulations by imposing discriminatory trade measures for products exported from China, and a trade barrier investigation by China’s Ministry of Commerce confirmed these restrictions as a trade barrier. Taiwan’s Mainland Affairs Council (MAC) accuses China of political manipulation and bypassing WTO dispute mechanisms. The Ministry of Economic Affairs (MOEA) states that the export value of ECFA’s early harvest list to China has been decreasing, projected to retract to pre-ECFA levels by year-end. The MOEA proposes managing cross-strait economic disputes under the WTO mechanism and encourages China to do the same.
    2023/12/21 21:42
  • U.S. language expert shares holiday joy at Kaohsiung school

    U.S. Department of State English language specialist Maureen Rooney visited Heti Elementary School in Kaohsiung to introduce American holiday traditions to students through an interactive English language program. Rooney’s effortless English and expressive body language helped the children overcome their anxiety about fully English-taught lessons. The course, rich with audiovisual aids, guided students through the historical context of Thanksgiving and Christmas celebrations, enhancing their understanding of cultural nuances. Using the festive tune "12 Days of Christmas," Rooney stimulated thoughtful discussions among students about the meaning of gifts and encouraged heartfelt English expressions of gratitude and well wishes for their families. HTPS Principal Tu Chang-lin expressed gratitude for the American Institute in Taiwan’s collaboration with U.S. officials in advancing bilingual education at the school, highlighting the value of such cultural learning opportunities to enrich the students’ English proficiency.
    2023/12/20 21:30
  • Foreign investment in Taiwan hits 15-year high despite drop

    The number of approved overseas Chinese and foreign investments in Taiwan decreased by 8.89% to 2,102 cases in the first 11 months of 2023 compared to the same period last year. However, the investment amount from these sources reached US$10.79 billion (NT$323.7 billion), the second-highest in the past 15 years, with significant contributions from the offshore wind power sector. French company TotalEnergies Renewables SAS and British firm OSW Investments Taiwan JVCO 2 Limited increased their capital in Haiding Two International Investment Co., Ltd. by NT$5.03 billion. New companies established during this period amounted to 1,124 cases, with an investment value of US$680 million (NT$20.37 billion). Investments from Southeast Asian countries increased notably, with 609 cases, a 41.3% year-on-year increase, and a monetary surge of 25.2% to US$2.52 billion (NT$75.68 billion), mainly from Singapore, Thailand, and Malaysia. However, Chinese investments in Taiwan declined, with only 24 approved cases, a 45.45% decrease from the previous year, and investment figures dropping by 21.65% to US$27.38 million (NT$820 million). On the other hand, overseas investments from Taiwan increased, with a moderate rise in approved cases by 2.44% to 504 and a substantial annual increase of 145.61% in investment total to US$22.81 billion (NT$684.42 billion). Key overseas investments included TSMC’s US$8 billion capital injection into its Arizona subsidiary and a €3.5 billion investment in Germany’s ESMC GmbH. Foxconn Technology Group also made a significant investment of US$8 billion in its Singapore subsidiary, and Yang Ming Marine Transport Corp. invested a similar amount in Singapore-based Yang Ming (Singapore) Pte. Ltd.
    2023/12/20 17:20
  • DPP’s Lai defends legality of family property

    DPP Chairman Lai Ching-te addressed the disputes surrounding his illegally constructed family property in Wanli, emphasizing that houses like his can apply for retroactive legalization through proper procedures. Lai argued that the house in question was built in 1958, before the implementing of the Mining Act in 1963 and the Regional Plan Act in 1981, making it legally established. He criticized the government’s mishandling of responsibilities following the cessation of mining rights, which made it difficult for residents in mining areas to repair their homes. Lai believes that the property can undergo procedural rectification to attain legal status. He compared his property to other high-profile constructions to clarify its scale and value. Lai expressed his commitment to transparency and rallied unity within the DPP, expressing confidence in their victory in the upcoming elections.
    2023/12/20 17:14
  • Taipei 101 tops city land value chart for 11th Year

    Taipei 101 has maintained its position as the highest-valued land in Taipei for the 11th consecutive year, with an estimated value of NT$2,001,000 per square meter. This equates to approximately NT$6.615 million per ping, a traditional Taiwanese unit of area. Cathay Landmark Plaza follows closely behind, achieving record-high office rental prices and a land value of NT$1,920,000 per square meter or roughly NT$63.47 million per ping. Shin Kong Life Tower, another prominent structure in Taipei’s skyline, claims the third-highest land price at NT$1,904,000 per square meter, equivalent to about NT$62.94 million per ping. Land values in Taipei have been steadily rising for six years, although the rate of increase in 2023 appears to be slowing down. Taipei’s property value growth is considered the most stable among Taiwan’s six special municipalities, with a yearly increase of 1.37% in housing prices and a 0.48% rise in the land price index, according to the Ministry of the Interior’s latest housing price index.
    2023/12/20 17:07
  • Taiwan firms set to revive year-end party with cash prizes

    A survey conducted by online job bank Yes123 revealed that 88.4 percent of Taiwan’s companies plan to hold year-end parties before the Lunar New Year, with employees most eager to receive cash prizes. The survey also found that 60.3 percent of companies with year-end party plans will host lucky draw events. Among the preferred prizes, cash ranked as the top choice with 66.2 percent of employees, followed by smartphones (43.3 percent), cars (42.5 percent), department store vouchers (34.3 percent), and convenience store coupons (33.2 percent). The survey also showed that 73.6 percent of office workers have previously won a prize at year-end parties, with the average value of the biggest prize being NT$11,833. The spokesperson for Yes123, Yang Tsung-pin, stated that the willingness of companies to hold year-end events has returned to normal, indicating the recovery and stabilization of the economy following the disruptions caused by Covid-19. The survey was conducted online from Dec. 1 to Dec. 14, with 1,366 valid responses and a confidence level of 95 percent and a margin of error of plus or minus 2.65 percent.
    2023/12/19 20:17
  • Tsai meets World Baker of Year, praises Taiwan’s creativity

    President Tsai Ing-wen met with Justin Wu, the 2023 World Baker of the Year, to recognize his contribution in promoting Taiwan’s baking industry globally. The government is actively supporting the industry’s growth and international engagement. Wu, who won the group competition at the Coupe du Monde de la Boulangerie last year, was honored with the World Baker of the Year title by the Unibread Bread Baking Championships this year. He has showcased his creativity by creating an art bread piece inspired by the Seediq tribe and coaching the Taiwanese team to victory at the UIBC Junior World Championship. President Tsai highlighted the value of Taiwan’s baking industry, which exceeds NT$100 billion, and praised the diverse and exquisite styles of Taiwanese bakers at global competitions. She also expressed gratitude to the Taipei Bakery Association for their efforts in passing down experience and hosting international contests in Taiwan. President Tsai expects the bakery sector to continue delivering high quality and innovative products as it expands its market and introduces Taiwan’s delicious baked goods to the world.
    2023/12/19 16:46
  • Taiwan cracks down on ticket scalping with hefty fines

    Taiwan’s Legislative Yuan has passed amendments to the Sports Industry Development Act to combat ticket scalping. The revised law imposes fines on scalpers ranging from 10 to 50 times the ticket’s face value. The amendments also target the resale of complimentary and promotional tickets, with penalties reaching up to NT$18,000. The use of ticket-buying bots will be met with up to three years’ imprisonment and/or fines up to NT$3 million. These measures aim to crack down on the practice of reselling tickets at inflated prices, known locally as "huangniu" or Yellow Cow. The amended law ensures the anonymity of whistleblowers and potentially rewards them for reporting scalping activities. The updates to the legislation were led by the Legislative Yuan Education and Culture Committee, reflecting the legislature’s commitment to fair access to entertainment and sports for fans in Taiwan.
    2023/12/15 16:33
  • DPP’s Lai unveils video, stresses global Taiwan role

    The campaign office of Lai Ching-te, Democratic Progressive Party’s (DPP) presidential candidate, has released a new video titled "Taiwan in the world," highlighting Taiwan’s reduced dependence on China and its increasing global recognition. Pan Men-an, head of the DPP’s campaign headquarters, expressed concern over opposition parties’ attempts to marginalize Taiwan and emphasized the significance of the 2024 election in determining Taiwan’s alignment with either the world or China. The video emphasizes Taiwan’s democratic development through international engagement and value-based diplomacy, while also strengthening ties with other nations. Lai’s campaign office spokesperson, Tai Wei-shan, pointed out that Taiwan’s trade dependence on China decreased from 40 percent during former President Ma Ying-jeou’s presidency to 34 percent. Additionally, a report by The Economist in August stated that under President Tsai Ing-wen’s seven-year rule, Taiwan has become the 21st largest economy globally, surpassing South Korea in terms of gross domestic product (GDP) per capita. Lai’s campaign office underscores the importance of the 2024 election in shaping Taiwan’s future trajectory and urges the public to make the right choice.
    2023/12/12 21:21
  • Taiwan job market values certifications more in 2023

    Taiwanese job market trends are shifting, with professional certifications carrying more weight than before, according to a report by 104 Human Resource Consulting Services Company. The study found that the number of job openings requiring certifications in 2023 had increased by 8.1% compared to the previous year. Prospective employees with certifications received 35% more interview invitations than those without. English, Japanese, Vietnamese, Korean, and Thai are the most sought-after languages by employers, with the rise of the Korean Wave contributing to a significant increase in demand for Korean translation. Similarly, Thai language proficiency has witnessed an 11.9% increase due to businesses expanding into Southeast Asia. The sectors most in need of language capabilities are media, research and development, and senior management. Young professionals under 39 focus on acquiring career-boosting professional and language skills, while those over 40 diversify their learning to prepare for their career’s "second curve." Despite the availability of free online resources, working professionals prefer paid learning, with 30.8% setting a learning budget within NT$5,000. When it comes to investing in certifications, 37.5% are willing to spend over N$$20,000, reflecting the value placed on formal qualifications in today’s competitive job market.
    2023/12/12 18:57
  • Ex-KMT legislator Tsai defends classical Chinese in schools

    Former Kuomintang (KMT) legislator Alex Tsai advocates for the inclusion of classical Chinese literature in education, suggesting that it should be part of university entrance exams. Tsai cites the University of Tokyo as an example, where classical Chinese content is included in the national language exams. He argues that studying these classics can enhance language skills and cultural refinement. Tsai criticizes the ruling Democratic Progressive Party (DPP) and pro-independence forces for neglecting the value of classical Chinese and accuses them of attempting to "de-sinicize" Taiwan’s education system. Critics argue that education should prioritize critical thinking and note that the DPP has retained a significant portion of classical Chinese content in the curriculum. They emphasize the need for a comprehensive understanding of the curriculum’s core principles and content to advance Taiwan’s educational progress.
    2023/12/12 17:44
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