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Gig economy surges in Taiwan amid low pay, long work hours
Taiwan’s regular wages dip due to rising inflation, leading to a surge in gig economy adoption. Workers opt for freelance roles to secure better pay and shorter hours. Learn how this trend impacts Taiwan’s labor landscape.
2023/08/21 04:51
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Taipei Mayor Chiang to join Shanghai-Taipei Forum in China
Shanghai-Taipei Twin-City Forum anticipates Mayor Chiang Wan-an’s debut attendance. Focus on 2024 election context with diverse themes like digital economy, healthcare, and MOU signings.
2023/08/08 20:05
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Taiwan’s semiconductor industry vital for global economy
Taiwan Foreign Minister Joseph Wu highlighted the crucial role of Taiwan’s semiconductor industry to the global community in the latest TVBS Meeting Room with Former U.S. Secretary of Defense Dr. Mark T. Esper on Monday (July 17) evening.
2023/07/19 10:27
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President Tsai, business leaders confident in Taiwan economy
President Tsai Ing-wen emphasized Taiwan’s goal of net-zero emissions and digital transformation in her speech at the 26th second members meeting of the Chinese National Association of Industry and Commerce, Taiwan (CNAIC) on Tuesday (July 4).
2023/07/05 10:36
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Stay-at-home economy fuels Taiwan delivery platform growth
As Taiwan’s COVID-19 situation stabilizes, more people are dining out, prompting delivery platforms to expand their offerings beyond food.
2023/05/15 19:07
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Why do Taiwan’s young adults struggle with credit card debt?
In today’s economy, many young adults face the challenges of low wages and increasing inflation and interest rates.
2023/05/08 17:07
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Early retirement poses challenges for Taiwan’s economy
The average age for first-time pension recipients in Taiwan has decreased in recent years, according to data from the Bureau of Labor Insurance.
2023/04/15 17:31
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Foxconn Founder Terry Gou discusses tech, Taiwan’s economy
Foxconn Founder Terry Gou departed for the United States on March 27 for a 12-day trip to discuss technology, innovation and Taiwan’s economy with experts.
2023/03/30 13:45
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Taiwan’s egg prices on the rise again due to avian flu
The food and beverage industry is facing multiple challenges, including inflation and rising costs of raw materials, as well as a recent increase in egg prices.
2023/02/15 19:16
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New Taipei holds job fair to fill 3,000 local positions
The New Taipei City government hosted its first major talent recruitment event of the year. Fifty-six firms participated, seeking to fill more than 3,000 job openings, primarily in the service, retail, and technology manufacturing sectors.
2023/02/04 19:11
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Taiwan’s workforce expresses hope for new year’s wage hike
The Lunar New Year festivities culminated on Sunday following a 10-day-long holiday. As workers resume their duties, many people voiced their aspirations for higher salaries in the face of climbing living expenses.
2023/02/03 16:11
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Taiwan’s opposition parties worry about NT$6,000 cash rebate
Opposition party members in Taiwan have expressed their disapproval and concerns over the ruling party’s decision to provide a NT$6,000 tax rebate to those living in Taiwan.
2023/01/18 17:30
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Analyst: Taiwan’s consumer price index expected to grow
Since March, Taiwan’s consumer price index (CPI) exceeded 3% for five consecutive months, and in December, it was recorded to be at 2.71%.
2023/01/17 10:53
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Taiwan divided on prospects of NT$6,000 cash rebate
The Taiwanese government recently announced that citizens will receive a one-off NT$6,000 cash payment due to a national tax revenue surplus, but public opinion remains divided on whether this would actually help locals and their businesses.
2023/01/10 20:16
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Taiwan may see interest rate hikes in first quarter of 2023
Taiwan Central Bank Governor Yang Chin-long hinted at a new round of interest rate hikes in the first quarter of 2023, after raising interest rates by another 12.5 basis points in December this year.
2022/12/31 07:00
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Taiwan’s excess tax revenue unable to reduce national debts
The Ministry of Finance (MOF) estimates that Taiwan will see an excess tax revenue of NT$450 billion this year.
2022/12/26 18:43
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Taiwan’s per capita income on track to surpass Japan in 2022
As the pandemic situation stabilizes in Taiwan, restaurants and department stores are once again filled with shoppers and gourmets on weekends.
2022/12/21 17:05
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Experts predict dim economic outlook for Taiwan in 2023
For many office workers in Taiwan, it’s getting more and more expensive to get take-outs as the daily cost of their lunches often falls between NT$200 and NT$300.
2022/12/20 18:08
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Taiwan’s high purchasing power parity conceals disparity
As the pandemic subsides in Taiwan, business is slowly resuming back to normal.
2022/12/09 02:40
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Cost of living in Taiwan continues to rise
According to a survey conducted by a local job bank, 49.1% of enterprises in Taiwan are pessimistic about the economy in 2023, while 23.5% said they are optimistic.
2022/12/05 22:54
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Taiwan exports remain low in 4th quarter
Global inflation, soaring interest rates, the ongoing Russian-Ukrainian War, and the slowdown of China’s economy are leading factors in why Taiwan is seeing low export numbers in the 4th quarter of 2022.
2022/11/22 11:57
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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
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Taiwan allocates NT$200 million for Arts Fun vouchers
Taiwanese youth above 18 years old will likely receive NT$1,200 worth of Arts Fun vouchers as early as next year to encourage them to spend on arts and culture, according to the Ministry of Culture.
2022/10/25 19:54
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Taiwan chipmakers hit hard by U.S. export controls to China
At the annual Taiwan Semiconductor Industry Association (TSIA) convention held in Hsinchu on Wednesday (Oct. 19), TSMC Chairman Mark Liu said little on recent reports of waning demand due to the weakening global economy and trade conflicts between the U.S. and China.
2022/10/20 17:32
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Taiwan startup creates app for collecting garbage at home
Most people in Taiwan have had the experience of waiting for or running after garbage trucks after a long day of work.
2022/10/05 08:30