economic challenges 結果共49筆

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.

Discover how Taiwan’s Vice President Lai Ching-te is shaping the new cabinet with a focus on cross-party collaboration, industry involvement, and strategic economic initiatives to tackle the nation’s challenges.

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.

Discover how Japan’s travel trends are shifting towards domestic exploration amid economic challenges, with a significant drop in outbound travel and a rise in local tourism. Learn about the impact on airlines and the tourism sector.

Explore the latest economic forecasts for Taiwan as the Taiwan Institute of Economic Research projects a GDP growth of 3.29% and a CPI increase to 2.13%. Amidst stable domestic demand and expanding exports, concerns over rising costs and geopolitical tensions loom. With cautious business investments and the global economic climate’s uncertainties, Taiwan navigates through challenges towards growth.

Explore Taiwan’s optimistic economic future through the eyes of NDC Minister Kung Ming-hsin, highlighting the nation’s digital transformation, resilience against natural disasters, and robust foreign investment growth amidst geopolitical challenges.

Explore the story of Wang Yao-ting, President of Taiwan Power Co (Taipower), who retracted his resignation to continue leading the company amidst recent power outages and supply challenges in Taoyuan. Discover his commitment to Taipower, supported by the Minister of Economic Affairs and Taipower’s acting chairman, and learn about the company’s efforts to manage power supply through demand response mechanisms and the call for societal support in power plant construction for a stable power system.

Explore how Taiwan’s excess savings rate, projected to reach 15.46% in 2024, indicates economic resilience yet poses challenges for growth. Learn about the government’s strategies to stimulate investment and spending.

President Tsai Ing-wen meets with Australian parliamentary delegation in Taipei to discuss strengthening partnerships, emphasizing security cooperation and regional stability. The talks highlight ongoing efforts to deepen economic ties and the importance of defense collaboration amid joint naval exercises in the South China Sea.

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-elect Hsiao Bi-khim stresses the significance of local and international connections at the ＂2024 Global SDGs Two-Day International Forum (SDGs+City)＂ opening ceremony. She unveils the upcoming ＂Local Revitalization 3.0＂ plan to enhance local cooperation and innovation, emphasizing the resilience and forward-looking nature of Taiwan’s vitality. Hsiao highlights the government’s efforts to address challenges through the Local Revitalization National Strategic Plan and stresses the need for strategic fund allocation based on local needs to reinforce global ties.

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.

Minister of Economic Affairs Wang Mei-hua discusses electricity rate adjustments in Taiwan, emphasizing the impact on household usage below 330 kilowatt hours. Kuomintang Legislator Yang Chiung-ying opposes price hikes, proposing solutions to address citizen hardships amid inflation. Wang highlights considerations for nuclear power and renewable energy costs, amidst concerns over safety regulations and nuclear waste. Yang challenges Taipower’s deficits and criticizes passing on costs to residents through price increases.

The second session of the 14th National People’s Congress in China opened with Premier Li Qiang setting a GDP growth target of around 5%. Last year’s GDP growth was 5.2%, ranking among the top of the world’s major economies. Li outlined key development goals, including job creation and environmental improvements. The premier acknowledged challenges in China’s economic recovery, emphasizing the need for effective demand. The decision to discontinue post-congress press conferences by the premier has raised speculation about policy transparency.

Explore the pivotal partnership between the European Parliament and ENEX as they gear up to combat disinformation and leverage AI for the upcoming European elections. Discover how this collaboration aims to address global challenges and ensure democratic integrity.

Taiwan takes center stage at the 30th Festival International des Cinémas d’Asie (FICA) in Paris as the theme country, showcasing a range of films from the martial law era to the works of new directors. Filmmaker Jean-Robert Thomann, who holds dual citizenship from France and Taiwan, presents his latest documentary, ＂Taiwan, Chronicle of a Threatened Democracy,＂ in FICA’s documentary competition. The film, shot between 2021 and 2023, delves into the challenges faced by Taiwan’s democratic process, examining major referendums and the Taichung legislator election. Thomann believes Taiwan’s global recognition extends beyond seeking a seat in the United Nations, emphasizing the importance of parliamentary links, cultural and economic exchanges, and soft power rooted in creativity. He hopes his documentary will deepen French audiences’ understanding of Taiwan and inspire further exploration of the country. Thomann highlights that threats to Taiwan are not only external but also internal, with social media manipulation and fake news posing challenges to democracies worldwide. Despite these challenges, Thomann regards Taiwan as a remarkable example of democracy, particularly in Asia, and remains optimistic about the island’s democratic system. ＂Taiwan, Chronicle of a Threatened Democracy＂ premiered at FICA and is set to be screened in France, Taiwan, and Sweden.

The Minister of Economic Affairs, Wang Mei-hua, plans to help Taiwan Power Company (Taipower) seek budgetary support from the Executive Yuan to alleviate its financial distress. Taipower reached out to the Ministry of Economic Affairs (MOEA) for assistance, citing escalating international fuel prices caused by the Russia-Ukraine war. Other global power companies, such as Korea Electric Power Corporation (KEPCO), Tokyo Electric Power Company (TEPCO), and Électricité de France (EDF), have already experienced significant price hikes. Taipower’s rates are relatively low compared to the cost of power generation, resulting in policy-driven losses. As of 2023, Taipower has accumulated losses of NT$382.6 billion due to absorbing price increases to protect Taiwan from global inflation. The MOEA disclosed that Taipower and the CPC Corporation have discrepancies in predicting natural gas prices, leading Taipower to observe international coal prices for cost estimates in 2024. While mitigating Taipower’s financial woes in the short term poses challenges, Wang aims to prevent further losses. The MOEA will assist Taipower in lobbying the government for budget support once financial situation estimates are finalized. The decision to adjust electricity prices will be made by the Electricity Price Review Committee.

The Third Wednesday Club Chairman Lin Por-fong expresses hope for improved cross-strait relations and economic cooperation under the ECFA with President-elect Lai Ching-te. Lin emphasizes the importance of handling international relations well, resolving cross-strait issues through communication and exchange, and establishing communication mechanisms with China. He believes that cross-strait relations impact economic development and calls for the loosening of restrictions on the economy, tourism, and culture. Lin advocates for the active maintenance of the ECFA, highlighting that international economic agreements like the CPTPP and RCEP require mainland China’s consent. Concerns are raised about the potential impacts on industries if China terminates the ECFA. Compal Electronics Chairman Hsu Sheng-hsiung warns of global unrest due to constant change and challenges across industries, technologies, economies, politics, and conflicts among nations. He also highlights the need for industries to monitor potential escalations of conflicts as nations vie for resources.

In an innovative approach to the upcoming Jan. 13 elections, TPP supporters, led by YouTuber ＂Yes Ranger,＂ embark on a journey with a large balloon resembling candidate Ko Wen-je, aiming to appeal to older voters while addressing Taiwan’s economic challenges.

The San Francisco overseas Chinese community hosted a New Year flag-raising ceremony, with Fremont Mayor Lily Mei encouraging the next generation to run for office and speak out for Asians. Mei also urged the community to vote robustly in the upcoming T U.S.-Taiwan relations and reminded them not to underestimate individual power. Director-General Scott Lai of the Taipei Economic and Cultural Office in San Francisco reviewed Taiwan’s accomplishments last year, highlighting its rise in various indices, ranking second in freedom in Asia and sixth in global competitiveness. Lai also noted the meeting between Morris Chang, founder of Taiwan Semiconductor Manufacturing Company (TSMC), and key U.S. officials at the 2023 Asia Pacific Economic Cooperation (APEC) summit, praising it as a symbol of U.S. executive branch support for Taiwan. However, Lai acknowledged challenges lie ahead for Taiwan, particularly in its tourism, sightseeing, and restaurant industries’ recovery, as well as social issues such as declining birthrates and wealth disparity. Lai assured that the government would take a more proactive and responsible stance to make positive changes felt by the public.

Taipei Mayor Chiang Wan-an discusses efforts to bring Taylor Swift to Taipei for a concert, following last year’s failed plans due to geopolitical tensions. Negotiations are underway for a possible concert at Taipei Dome as part of Taylor Swift’s Asian Tour this year. Chiang emphasizes the city government’s commitment to making this happen and promises to announce further developments. He also criticizes the Democratic Progressive Party (DPP) and highlights the need for a peaceful and prosperous environment. Despite challenges, Chiang’s team prioritizes the interests and rights of the public and welcomes the economic benefits of hosting the concert.

The Ministry of Foreign Affairs (MOFA) has stated that Beijing is working to isolate Taiwan globally in response to criticisms made by Kuomintang (KMT) presidential candidate Hou Yu-ih regarding Taiwan’s stagnant free trade agreements (FTA). During a presidential policy presentation, Hou criticized the Democratic Progressive Party (DPP) for its unsatisfactory economic performance and the lack of progress in bilateral and multilateral trade agreements. MOFA emphasized Taiwan’s commitment to global economic integration and bilateral economic cooperation, but highlighted the interference from China. MOFA believes that Taiwan’s ability to participate effectively in economic integration depends on its strength and global connections, especially as countries like the U.S. and European nations reassess their economic risks with China. MOFA urges all Taiwanese, regardless of political affiliation, to unite and enhance cooperation with like-minded nations in the face of external challenges.

Kuomintang (KMT) presidential candidate Hou Yu-ih challenges the effectiveness of President Tsai Ing-wen’s foreign policy, questioning its impact on Taiwan-China communication, severed relations with former allies, extended military service, and increased risk of Chinese fighter jets breaching Taiwan’s airspace. The three presidential contenders, including Democratic Progressive Party (DPP) candidate Lai Ching-te and Taiwan People’s Party (TPP) candidate Ko Wen-je, discuss U.S.-Taiwan relations and their stance on President Tsai’s policy. Hou questions DPP’s handling of tainted politics during their time in power and highlights his support for the Economic Cooperation Framework Agreement (ECFA). He also addresses concerns over cross-strait flight operations and employment difficulties for Chinese students in Taiwan. Hou pledges to follow the Constitution of the Republic of China (Taiwan) and maintain administrative neutrality without relying on any side.

Taiwan’s selection of ＂Que＂ (缺), reflecting shortages and challenges in 2023, sets a pivotal backdrop for the upcoming General Elections. Key events like diplomatic shifts, the #MeToo movement, defense upgrades, TSMC’s global expansion, and political alliances define Taiwan’s future.