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Taiwan central bank denies currency appreciation reports
Taiwan’s central bank refutes claims of the New Taiwan dollar appreciating to NT$30.2 by year-end. It stresses market stability and warns against speculative reports.
2025/11/05 08:00
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Taiwan central bank defends market-driven exchange rates
Minister J.W. Kuo discusses stabilizing the New Taiwan dollar’s exchange rate with the central bank. The bank stresses market-driven rates and plans to intervene if needed.
2025/08/21 11:00
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Taiwan textile industry discusses U.S. tariff impacts
Minister J.W. Kuo discusses U.S. tariffs, currency issues, and AI with Taiwan’s textile industry. The government plans a NT$93 billion support initiative.
2025/08/07 12:00
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New Taiwan dollar surges over 10% since April
The New Taiwan dollar has surged over 10% since April, reaching levels from four years ago. Experts predict narrowed fluctuations and a 3.02% economic growth rate.
2025/07/25 19:00
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Pegatron chair warns of currency pressure on exports
Pegatron Chairman T.H. Tung discusses Taiwan’s thriving export economy and its impact on the New Taiwan dollar at a forum. He urges government support for traditional industries facing currency challenges.
2025/07/03 06:00
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Taiwan dollar hits 3-year high amid central bank action
The New Taiwan dollar hit its highest level since June 2022, opening at 29.360 against the U.S. dollar. Analysts watch the Taiwan Central Bank for intervention.
2025/06/26 16:31
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TSMC chairman addresses profit squeeze from stronger Taiwan
TSMC Chairman C.C. Wei addresses the impact of the New Taiwan dollar’s appreciation on profit margins, emphasizing technological leadership and strategic growth amid currency and tariff challenges.
2025/06/03 14:00
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Taiwan dollar rise creates winners, losers across industries
The New Taiwan dollar’s surge boosts foreign confidence but challenges exporters. Logistics shift routes, and insurance faces losses. Experts weigh benefits and risks.
2025/06/02 17:47
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Taiwan’s currency rise may impact tourism trends
Transportation Minister Chen Shih-kai discusses the New Taiwan dollar’s impact on tourism, noting potential long-term effects. The Tourism Administration will monitor trends.
2025/05/08 19:00
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Chunghwa Telecom says currency shifts won’t affect business
Chunghwa Telecom assures stakeholders that currency fluctuations won’t affect operations. Effective hedging and limited foreign purchases mitigate risks.
2025/05/06 21:00
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Taiwan dollar rise challenges export industries
The Taipei Computer Association chairman warns that the New Taiwan dollar’s rise challenges Taiwan’s export industries. He urges a shift to high-value sectors.
2025/05/06 19:00
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Strong Taiwan dollar threatens exports, warns opposition
Eric Chu, chairman of the Kuomintang, warns Taiwan of economic challenges due to the New Taiwan dollar’s appreciation. He criticizes the DPP for not addressing key issues like tariffs and factory relocations. Chu highlights a potential U.S. debt crisis and its impact on Taiwan’s economy.
2025/05/06 17:00
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KMT legislator denies power to sway Taiwan dollar value
Kuomintang legislator Lai Shyh-bao criticizes President Lai Ching-te’s claims on Taiwan dollar appreciation, citing U.S. tariffs as the cause. Exporters face profit cuts.
2025/05/06 16:51
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Taiwan currency stabilizes after two days of wild trading
The New Taiwan dollar opened at 30.125 against the U.S. dollar, appreciating by 2 cents. Central Bank Governor Yang Chin-long addressed market fluctuations, refuting media claims about the Mar-a-Lago Accord’s influence. President Lai Ching-te reassured the public of Taiwan’s strong economic fundamentals.
2025/05/06 14:00
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Currency strength hurts tech but boosts travel sector
Taiwan’s stock market fell 1.23% to 20,532 points as the New Taiwan dollar’s rise pressured electronics stocks. Aviation stocks surged, driven by travel interest.
2025/05/05 14:00
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Taiwan dollar appreciates 7.9% in less than a week
The New Taiwan dollar surged to NT$29.6, its highest since Feb. 2023, causing concern among exporters. The Central Bank is urged to stabilize the exchange rate.
2025/05/05 11:00
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New Taiwan dollar hits five-month high against U.S. dollar
The New Taiwan dollar hit a five-month high at 32.017 against the U.S. dollar. KMT Chairman Eric Chu warns of economic risks amid U.S. tariff tensions and debt crisis.
2025/04/30 16:40
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CPC cuts gas prices, raises diesel amid oil fluctuations
The CPC Corporation, under the Ministry of Economic Affairs, has announced a reduction of NT$0.3 in gasoline prices and an increase of NT$0.3 in diesel prices starting midnight on Monday. This adjustment is part of the ongoing implementation of the dual stabilization mechanism for oil pricing. The pricing measures absorbed NT$0.2 for both gasoline and diesel this week, following a decline in the 7D3B weekly average price. The floating oil pricing mechanism originally predicted a decrease of NT$0.1 in gasoline prices and an increase of NT$0.5 in diesel prices. However, due to currency appreciation in neighboring Asian countries, Taiwan’s price adjustments fell below those of its neighbors, resulting in a net absorption of NT$0 for both types of fuel. CPC has stated that it will continue to adjust domestic fuel prices in accordance with the oil pricing formula and government tax reductions to maintain the lowest possible prices in Asia and stabilize domestic oil prices through its stabilization measures.
2023/12/18 20:26