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Discover how the Democratic Progressive Party is supporting Hualien’s recovery from an April earthquake through tourism and local consumption, led by Vice President-elect Hsiao Bi-khim.

President-elect Lai Ching-te appoints Chiu Chui-cheng and Cheng Wen-tsan to key cross-strait relations positions, signaling a cautious yet hopeful approach towards maintaining stability with China while supporting Taiwanese businesses and citizens. The strategic move aims to extend goodwill and manage economic interdependence, with the true impact dependent on Lai’s inaugural speech on May 20.

In Hualien, the Hotel Fouquet, compromised by a recent earthquake, is undergoing demolition, impacting local businesses like the Zhou family dumpling shop. The process, led by the Hualien Construction Office, aims for completion in two weeks, using a method for safety and efficiency. This has further strained the local economy, already suffering from reduced tourism.

Discover the aftermath of a magnitude 6 earthquake in Hualien, Taiwan, with significant impacts on local infrastructure, including the tilting of the Fouquet Hotel and the collapse of the Tong Shuai Building. Learn about the ongoing efforts to prevent further damage, the effect on local businesses, and the community’s response to ensure safety amidst continuous aftershocks.

A power outage in Taipei’s Eastern District, including the Daan District, affected 722 households and disrupted businesses on the evening of April 18. Taipower is investigating the cause, linked to a tripped circuit breaker, and aims to restore power by early April 19. The incident underscores the critical need for reliable electricity in the city’s vibrant areas.

Discover how the global economic recovery and labor shortages are leading to increased overtime work in Taiwan’s manufacturing and industrial sectors, impacting workers’ preferences and job market dynamics.

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.

The Minnesota Senate passed a resolution supporting Taiwan, urging businesses to avoid belittling references, reaffirming the 40-year sister-state relationship, backing a bilateral trade agreement and Taiwan’s participation in international organizations, and reiterating support for the Taiwan Relations Act.

The 2024 Taiwan Music Festival attracts over a million attendees, boosting the local economy of the Hengchun Peninsula and generating NT$ 1 billion in revenue for businesses. The event provides a platform for independent music and enhances musical tourism in the region.

Deputy Legislative Speaker Johnny Chiang emphasizes the need for ＂cooling down＂ U.S.-China-Taiwan relations, advocating for open communication to prevent misunderstandings and misjudgments. Laura Rosenberger’s visit to Taiwan and Ma Ying-jeou’s trip to China are seen as efforts to maintain stability rather than escalate tensions, with an emphasis on dialogue and reducing regional geopolitical risks. Chiang underscores the importance of peaceful cross-strait relations for the benefit of Taiwan’s people and businesses.

The Purchasing Managers’ Index (PMI) for Asian manufacturing in March shows varying recovery rates across the region, with Taiwan’s manufacturing sector on the rise and confidence among Taiwanese businesses reaching a nearly three-year high. Japan also saw improvement, while South Korea and Vietnam experienced contractions. Paul Smith from S&P Global Market Intelligence notes signs of price and supply stabilization supporting a more optimistic outlook for the Asian manufacturing sector.

Taipei (TVBS News) reports that Taiwan’s Food and Drug Administration (FDA) has taken action after businesses reported using red yeast rice raw materials from Japan’s Kobayashi Pharmaceutical, linked to kidney disease. Preventive measures have been taken, with products removed from shelves. FDA Director-General Wu Hsiu-mei oversees the situation to safeguard consumer safety.

Kobayashi Pharmaceutical’s red yeast rice health food products have been linked to four deaths in Japan, with over 100 hospitalizations reported. Taiwan’s FDA is urging businesses to report affected products to ensure food safety.

Read about the latest insights from the 2024 Taiwan Business Leadership Survey by PwC Taiwan. Discover how Taiwanese business leaders are navigating challenges and opportunities in a rapidly changing economic landscape, with a focus on sustainability, competition, and transformation. Gain valuable perspectives on the future outlook and industry-specific trends shaping Taiwan’s business environment.

Vice President and President-elect Lai Ching-te’s visit to Quanta headquarters in Taipei to discuss AI and 5G applications with Chairman Barry Lam, as part of his ongoing industry exchange tour. The meeting highlighted Taiwan’s ICT industry success and Quanta’s pivotal role in seizing AI opportunities, reflecting critical decisions made by Lai during his tenure as premier.

Premier Chen Chien-jen discusses the upcoming electricity price hike in Taipei, emphasizing the government’s efforts to accommodate various businesses and groups. He highlights the introduction of TPASS to alleviate transportation costs and enhance public transportation convenience and safety.

Taiwan’s Minister of Labor, Hsu Ming-chuin, declares the aluminum industry as high-risk following a fatal explosion in Kaohsiung City. Legislative discussions focus on enhancing safety measures and implementing specialized labor inspections in related factories. The Ministry of Labor reports on the number of businesses in the industry and emphasizes the need for strict enforcement of regulations to prevent occupational accidents.

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.

Foxconn’s Chairman Liu Young-way announces significant growth for the company due to increased generative Artificial Intelligence (AI) applications. Foxconn’s leading position in the AI server market is highlighted, with plans for growth in GPU module and AI server businesses. The company’s cloud network products are experiencing strong growth, with a focus on electric vehicles as well. Liu’s trip to the U.S. for the Nvidia GTC conference aims to showcase Foxconn’s new collaboration model. Shared prosperity and dedication to profits are emphasized in the company’s philosophy.

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.

The Taiwan food industry is rocked by a scandal involving the detection of carcinogenic industrial dye Sudan Red in breading and marinade powders used by numerous restaurants across the country. Over two metric tons of tainted powders have been distributed in 11 municipalities nationwide, prompting swift action from health authorities and food businesses.

Premier Chen Chien-jen orders a thorough inspection of chili powder contamination issues in Taiwan, involving multiple government agencies like the Ministry of Justice and MOHW. Over 21,000 kilograms of tainted chili powder distributed to 13 businesses across nine cities are being investigated, with a focus on a food factory in Nantou. Chen calls for stringent measures to remove non-compliant products from shelves and promises robust action against offending manufacturers to safeguard food safety.

Yuli Hospital in Hualien, Taiwan, is leading efforts to establish dementia-friendly organizations in the country. The initiative involves training employees from community branches of the Land Bank of Taiwan and Family Mart to better understand and assist individuals with dementia. With over 300,000 people affected by dementia in Taiwan, the hospital aims to raise awareness and support for this vulnerable population. Director of nursing Huang Pei-chi highlights common challenges faced by dementia patients in daily tasks like banking and shopping, urging more businesses to participate in creating a dementia-friendly environment for the elderly.

Discover the latest job bank survey results ranking Taiwan’s favorite universities for businesses. National Cheng Kung University leads the list, followed by National Taiwan University and National Yang Ming Chiao Tung University. Private institutions like Tamkang University and Fu Jen Catholic University also make the top ranks. Learn how these universities integrate digital skills and industry disciplines to nurture diverse talent.

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.