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CNFI to host economic forum with presidential hopefuls
The Chinese National Federation of Industries (CNFI) will host the "2023 Taiwan Economic Development Forum — Dialogue with Future National Leaders" on Nov. 27, 29-30. The forum aims to address critical issues for Taiwan’s economic development, including industrial development, energy, environmental protection, labor force, taxation, international trade, cross-strait economic relations, long-term care, and social insurance. Key candidates for the upcoming presidential election, including Taiwan People’s Party (TPP) Chairman Ko Wen-je, Kuomintang (KMT) New Taipei Mayor Hou Yu-ih, and Democratic Progressive Party (DPP) presidential candidate Lai Ching-te, will present their policies and participate in discussions. The forum will be presided over by CNFI Chairman Matthew F.C. Miau, Chinese National Association of Industry and Commerce (CNAIC) Chairman Thomas Wu, and General Chamber of Commerce of the Republic of China (ROCCOC) Chairman Paul Hsu. The event will take place at the Taipei International Convention Center (TICC).2023/11/24 18:10 -
364 companies implement reduced work shifts: MOL
The Ministry of Labor in Taiwan has announced that 364 companies have implemented reduced work shifts, affecting a total of 9,809 employees. Among these companies, four manufacturing firms have halted or prematurely ended these initiatives due to urgent orders. The manufacturing industry has been the most impacted, with 203 businesses and 8,791 individuals affected by reduced work hours. The Department of Labor Standards and Equal Employment Director Huang Wei-chen noted that large-scale businesses are typically the first to cease these initiatives when economic conditions improve. Huang also predicted that the number of companies implementing unpaid leave may decrease by the end of the year or early next year. This situation highlights the delicate balance between ensuring employee welfare and meeting business requirements, especially in the face of current economic uncertainties. The Ministry of Labor continues to oversee work policies to protect workers while promoting strong industrial performance.2023/11/08 20:40 -
Taipower to expect over NT$460B cumulative loss by 2023
Taiwan’s state-owned Taipower has reported a loss of NT$130 billion for the first half of 2023, despite the recent government decision to raise electricity prices for industrial users. The cumulative losses over two years are projected to exceed NT$460 billion by the end of the year.2023/10/04 20:19 -
Wenchi Yu expects China to continue ‘wolf warrior diplomacy’
The 20th Communist Party Congress produced intense media coverage last week as we tried to understand the leadership transition in the world’s second-largest economy. The process will have lasting impacts on China’s economic and foreign policies moving forward, according to TVBS commentator Wenchi Yu.2022/10/26 10:19