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  • Bipartisan U.S. support for Taiwan amid regional tensions

    President Tsai Ing-wen meets bipartisan U.S. delegation led by Jack Bergman to counter China’s regional aggression. Discussions focus on Taiwan’s self-defense commitment, bilateral exchanges, and economic cooperation with the U.S. Bergman emphasizes Taiwan’s strategic importance in the Indo-Pacific region.
    2024/03/28 14:26
  • Taiwan businesses prioritize swift action for profitability

    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.
    2024/03/27 16:52
  • Taiwan, France hold talks to elevate economic ties

    The inaugural Taiwan-France High-Level Economic and Trade Dialogue, led by Taiwan’s Minister of Economic Affairs, Wang Mei-hua, discussed cooperation in semiconductors, AI, and electric vehicles. French officials agreed to integrate industrial and economic cooperation meetings, with a focus on supply chain opportunities in renewable energy and the space industry. Bilateral trade between Taiwan and France reached a record high of $60.9 billion last year, with significant investments from both sides.
    2024/03/27 14:34
  • Taiwan eyes membership in CPTPP with Canada’s support

    Learn about Taiwan’s bid to join the CPTPP and its potential impact on global trade and economic security. Taiwan’s efforts to strengthen supply chain cooperation with Canada and seek inclusion in the trade agreement are highlighted.
    2024/03/26 16:06
  • Taiwan battles rising obesity rates amid health concerns

    This news story covers the escalating issue of obesity in Taiwan, highlighting the misconceptions surrounding childhood obesity, its long-term consequences, and the economic and health burdens it poses. Urgent actions for a healthier future are discussed.
    2024/03/22 18:15
  • Prospect of war unlikely across the Taiwan Strait: scholar

    Analysis by Professor Li Cheng of The University of Hong Kong on the relationships between Hong Kong, Taiwan, and China in the context of the new national security law. Insights on the unlikelihood of a Taiwan Strait war, Hong Kong’s unique position, and the need for cooperative approaches between the U.S. and China.
    2024/03/22 17:31
  • Smart City Expo features global partnerships, collaboration

    Explore how Taiwan’s Smart City Summit and Expo (SCSE) brings together global leaders to discuss the integration of smart city themes with ESG trends, fostering innovation, partnerships, and a vision for a smarter future.
    2024/03/21 19:28
  • TSMC to build 2 advanced chip facilities in Chiayi

    Vice Premier Cheng Wen-tsan announces TSMC’s plan to build two cutting-edge chip packaging CoWoS facilities in Chiayi Science Park, with construction set to begin in May 2024. The project is expected to create around 3,000 job opportunities and boost the local economy.
    2024/03/18 15:17
  • Taiwan Premier advocates for peaceful cross-strait dialogue

    Premier Chen Chien-jen of Taiwan expresses willingness for peaceful democratic talks on equal terms in cross-strait exchanges during the Legislative Yuan’s general policy interpellation. Lawmaker Lin Te-fu from the Kuomintang (KMT) highlights tensions in cross-strait relations and calls for dialogue, citing the lack of official communication and progress in the Cross-Strait Economic Cooperation Framework Agreement (ECFA) since 2015. Premier Chen emphasizes Taiwan’s economic growth potential and expanding market reach in New Southbound, Western, and East Asian countries.
    2024/03/15 18:49
  • Taiwan seeks to boost LNG storage amid rising tensions

    Taiwan’s Minister of Economic Affairs, Wang Mei-hua, emphasizes the need to boost the nation’s natural gas storage capacity amid escalating cross-strait tensions. The call for expansion includes plans for a fourth liquefied natural gas (LNG) terminal and extensions in Taichung and Kaohsiung. Wang’s announcement follows an incident at the Legislative Yuan involving questions about Taiwan’s gas reserves, sparking discussions about national security and military readiness.
    2024/03/15 17:30
  • US reinforces Taiwan’s ally ties amid China’s expansion

    U.S. Assistant Secretary for East Asian and Pacific Affairs Daniel J. Kritenbrink highlights cooperation between the U.S. and Taiwan, alongside allies Tuvalu, Palau, and the Marshall Islands, to counter China’s expansion. The Senate Foreign Relations Committee discusses U.S. strategies for the Pacific islands, focusing on American and Chinese influence in the region, with references to Taiwan’s diplomatic status and China’s economic incentives to influence Nauru. The U.S. warns Nauru and Taiwan’s allies against China’s unfulfilled promises, with efforts like the Taiwan International Solidarity Act to counter China’s manipulation of Taiwan’s international role.
    2024/03/15 16:54
  • Taiwan’s inflation rate projected to drop to 2%

    Central Bank Governor Yang Chin-long predicts Taiwan’s inflation rate to drop to around 2% in 2024 due to expected international oil price decreases and modest service price increases. The Central Bank’s upcoming board meeting is anticipated to maintain the re-discount rate at 1.875%. Yang cites declining inflation rates and negative output gaps as key factors influencing the decision. Geopolitical conflicts and weather conditions pose uncertainties to Taiwan’s inflation trends.
    2024/03/14 14:33
  • Taiwan to host APPU annual meeting in 2025

    Deputy Legislative Speaker Johnny Chiang extends an invitation to MPs from Asian-Pacific Parliamentarians’ Union member countries to Taiwan’s 2025 Annual Meeting. Chiang emphasizes Taiwan’s commitment to addressing regional issues like climate change and economic development. Taiwan will host the APPU conference for the 11th time in 2025.
    2024/03/14 12:01
  • China urges G20 unity for global economic growth

    Ambassador Dai Bing of the Permanent Mission of the People’s Republic of China to the UN outlined China’s proposals at the G20 meeting, emphasizing global economic growth, Belt and Road Initiative participation, and cooperation for sustainable development.
    2024/03/13 19:18
  • Taiwan holds steady on water prices amid economic debate

    Taiwan’s Minister of Economic Affairs, Wang Mei-hua, addresses concerns over potential water and electricity price hikes. Wang assures no immediate plans for water price increases and remains cautious on addressing the issue. Legislators advocate against compounding effects of electricity rate hikes and warn of potential inflation spikes. Discussions continue on balancing household electricity costs and industry consumption subsidies.
    2024/03/13 19:11
  • Taiwan mulls subsidies to offset electricity price hike

    Taiwan’s Minister of Economic Affairs Wang Mei-hua discusses ongoing discussions of the Electricity Pricing Working Group and potential budgetary subsidies amid pressure for an electricity price increase in April. The government seeks to balance the needs of citizens and enterprises as it navigates potential adjustments to electricity prices. Stay tuned for further updates on the final subsidy and price adjustment plan.
    2024/03/13 16:03
  • Taiwan braces for electricity price hike amid inflation woes

    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.
    2024/03/13 15:28
  • Economic minister confirms electricity rate adjustments

    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.
    2024/03/07 17:23
  • Taiwan to host gender equality week in NYC

    MOFA announces Taiwan Gender Equality Week in New York City during the United Nations’ Commission on the Status of Women. Highlighted by a forum on women’s financial resilience featuring Dr. Hank C.C. Huang. Notable attendees include Denise Scotto and Kelley Currie. Event to be live-streamed on MOFA’s social media channels.
    2024/03/07 16:21
  • Taiwan premier ties future cash payments to economic outlook

    Premier Chen Chien-jen addresses potential cash payments to the public in response to economic conditions for 2025 and 2026 during a Legislative Yuan hearing. Discussions highlight the government’s focus on National Health Insurance, labor insurance, and subsidies for Taiwan Power Company, with implications for Taiwan’s social policy and fiscal decisions in the future.
    2024/03/06 15:46
  • Experts positive on Taiwan’s export performance in 2024

    Taiwan’s currency faces depreciation as the Federal Reserve’s interest rate hikes continue. Experts weigh in on potential impacts on exports and inflation, with anticipation for future Fed decisions. Stay updated on Taiwan’s economic landscape.
    2024/03/05 17:32
  • Philippines-China tensions rise over sea dispute

    The Chinese Coast Guard claims regulation of Filipino vessels near the Second Thomas Shoal in the Nansha Islands. President Ferdinand Marcos Jr. warns of retaliation if South China Sea sovereignty is disregarded. Tensions rise as Marcos accuses China of aggressive actions in the Philippines’ exclusive economic zone. China questions the Philippines’ stance on the South China Sea issue, criticizing Manila for manipulating international opinion and disrupting regional stability.
    2024/03/05 17:15
  • China targets 5% GDP growth in Premier Li Qiang’s report

    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.
    2024/03/05 16:05
  • China’s Premier sets economic, diplomatic goals at NPC

    The 14th National People’s Congress in Beijing saw Premier Li Qiang deliver his first government work report, emphasizing the "One China" principle and opposing "Taiwan independence." The report highlighted progress in military and national defense construction, with no press conference held this year. Plans include boosting employment opportunities and achieving 5% GDP growth. Last year, China’s economy showed recovery with a 5.2% GDP increase.
    2024/03/05 14:47
  • Taiwan’s economic shows stability: NDC

    Stay updated on Taiwan’s economic progress as the National Development Council reports a stable outlook for January 2024. Economic indicators show positive trends in production, investment, sales, and finance, signaling continued recovery. Follow the transition from recession to a transitional economy in key sectors, reflecting a promising shift in Taiwan’s economic landscape.
    2024/03/04 18:06
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