global economy 結果共29筆

Discover how U.S. Secretary of Commerce Gina Raimondo warns of the severe impact on the U.S. economy if China takes control of Taiwan’s TSMC, a key semiconductor supplier.

Explore the latest insights on the starting salaries for university and postgraduate entrants in Taiwan’s workforce for 2023, including sector-specific averages, employment trends, and the impact of the global economy on hiring practices.

Explore Vice President Lai Ching-te’s visit to China Steel Corporation in Kaohsiung, where he delved into the company’s efforts toward net-zero carbon emissions, highlighting its role in Taiwan’s economic growth and sustainable development.

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.

Foxconn Technology Group achieves a significant milestone in environmental sustainability by receiving approval from the Science Based Target initiative (SBTi) for its net-zero emissions goal, making it a leader in Taiwan’s high-tech hardware industry. This commitment aligns with the Paris Agreement, aiming to limit global warming to 1.5˚C by reducing greenhouse gas emissions across its value chain by 2050.

Discover how the global economic recovery and labor shortages are leading to increased overtime work in Taiwan’s manufacturing and industrial sectors, impacting workers’ preferences and job market dynamics.

Taiwan’s NDC reports economic stability with a green light status for February, driven by production and export improvements linked to AI themes. Officials anticipate continued growth in March, citing positive trends in manufacturing, consumer confidence, and foreign trade. Investment in emerging technologies and R&D, along with steady public investment, are expected to sustain momentum.

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.

Discover the success story of Hon Hai Precision Industry Co at its 50th anniversary gala dinner, where founder Terry Gou highlighted the company’s impact on employees and the community. Special messages from tech leaders like Tim Cook and Jensen Huang added to the celebration.

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.

President Tsai Ing-wen criticizes China’s one-sided trade barriers and emphasizes that bilateral trade relations should not be used as a political tool in her New Year’s address. The tariff preference for certain products under the Economic Cooperation Framework Agreement (ECFA) has been suspended as of Jan. 1, 2024. Tsai notes China’s intervention in elections and expresses confidence in the people of Taiwan to make wise decisions. She argues that Taiwan’s industries already have global exposure and are gradually reducing reliance on China. Tsai believes that while the economic benefits of the ECFA are limited, diversifying risks and global positioning are important for Taiwan’s industries. She highlights that China often imposes unilateral trade barriers on other countries for political reasons, citing examples of punitive tariffs and import bans on Lithuania and Australia due to their friendly relationship with Taiwan and criticism of China’s human rights policy in Xinjiang.

Kaohsiung Mayor Chen Chi-mai declares that Taiwan should not rely on China’s market, as it hampers Taiwan’s economy. He expresses regret that the Taiwan Semiconductor Manufacturing Company (TSMC) did not establish a factory in Taoyuan and that the Asia Silicon Valley Innovation and Development Center in Taoyuan has been halted. Chen highlights that TSMC’s 2-nanometer site in Kaohsiung is already operational. He points out that Kaohsiung’s 5G internet innovation park, modeled after Taoyuan’s success, is thriving, while Taoyuan’s center has been halted. Chen emphasizes Taiwan’s dominance in the global semiconductor industry, with TSMC controlling 92 percent of advanced manufacturing processes and 62 percent of global production value, and advocates for the development of Asia Silicon Valley as the correct path.

Rensingeatshot, a lifestyle food brand founded by Selina of Taiwanese girl band S.H.E, will cease operations on Jan. 21, 2024, citing inflation and economic challenges. The company expressed reluctance but emphasized that it is not a farewell, but rather a move towards better choices. The decision was influenced by the impact of COVID-19 on the global economy in 2023 and hyperinflation, which raised materials and manufacturing costs. The company struggled to find a balance between production costs and market-acceptable prices due to the increasingly competitive advertising market. Initially known for its instant porridge products, Rensingeatshot expanded to include instant drinks, tea bags, and waffles. The brand officially launched on Jan. 11, 2021. While the product line will end on Jan. 21, 2024, collaborations with other brands will not be affected.

President Tsai Ing-wen emphasizes the need for a stable government in the face of future challenges in Taiwan. She expresses her hopes to entrust the nation to reliable individuals during her visit to Hsien Heng Temple. Tsai highlights the experience and comprehensive backgrounds of the Democratic Progressive Party’s (DPP) presidential and vice-presidential candidates, Lai Ching-te and Hsiao Bi-khim. Reflecting on her own tenure, Tsai acknowledges the public support that has strengthened Taiwan’s economy. She discusses global events such as the pandemic, the Ukraine-Russia war, and Taiwan’s drought, noting Taiwan’s resilience and growing international support. Tsai emphasizes the importance of maintaining a parliamentary majority and urges the public to support the Lai-Hsiao ticket and cast their party votes for the DPP for a brighter future for Taiwan.

The campaign office of Lai Ching-te, Democratic Progressive Party’s (DPP) presidential candidate, has released a new video titled ＂Taiwan in the world,＂ highlighting Taiwan’s reduced dependence on China and its increasing global recognition. Pan Men-an, head of the DPP’s campaign headquarters, expressed concern over opposition parties’ attempts to marginalize Taiwan and emphasized the significance of the 2024 election in determining Taiwan’s alignment with either the world or China. The video emphasizes Taiwan’s democratic development through international engagement and value-based diplomacy, while also strengthening ties with other nations. Lai’s campaign office spokesperson, Tai Wei-shan, pointed out that Taiwan’s trade dependence on China decreased from 40 percent during former President Ma Ying-jeou’s presidency to 34 percent. Additionally, a report by The Economist in August stated that under President Tsai Ing-wen’s seven-year rule, Taiwan has become the 21st largest economy globally, surpassing South Korea in terms of gross domestic product (GDP) per capita. Lai’s campaign office underscores the importance of the 2024 election in shaping Taiwan’s future trajectory and urges the public to make the right choice.

Lai Ching-te’s national campaign headquarters, led by campaign manager Pan Men-an and spokesperson Tai Wei-shan, unveiled their latest campaign commercial during a press conference titled ＂The World’s Taiwan.＂ Tai highlighted Taiwan’s increased visibility on the international stage, emphasizing the international community’s growing confidence in Taiwan and their willingness to collaborate. The campaign event follows Taiwan’s recognition as the top democracy in Asia by The Economist and its 6th place ranking in competitiveness worldwide according to the IMD Business School’s 2023 World Competitiveness Yearbook. Taiwan’s economic standing as the 21st largest economy globally and the 18th largest trading nation, with a higher GDP per capita than South Korea, was also praised. The campaign video emphasizes the importance of selecting the right leader to continue Taiwan’s advancement towards a more significant global presence.

The campaign spokesperson for Democratic Progressive Party’s (DPP) presidential candidate Lai Ching-te, Chen Shih-kai, has called on Kuomintang (KMT) presidential candidate Hou Yu-ih to clarify his stance on allowing Chinese workers into Taiwan. Chen expressed concerns about the impact on the employment of Taiwan’s youth and requested an outline of supporting measures. This request for clarification follows Hou’s proposal to promote increased cross-strait exchanges, including opening up to Chinese tourists and students. Chen criticized Hou’s policy, suggesting it aimed to help alleviate China’s youth unemployment problems. He highlighted Taiwan’s strong economic abilities, contrasting it with Hong Kong’s declining stock market due to Chinese government control. Chen also criticized China’s lack of transparency regarding its economic downturn and high unemployment rate. He emphasized the importance of Taiwan’s economic development and integration with the global community, stating that the future direction of Taiwan depends on its leadership. These remarks reflect the DPP’s stance on maintaining a strong local economy and labor market while considering broader cross-strait policies and potential socioeconomic impacts.

Taiwan’s 2023 GDP growth forecast has been lowered to 1.42%, the lowest in 14 years, due to weaker exports and private investment. Year-end bonuses for Taiwanese workers have also been affected, with the average amount shrinking to 1.08 months’ worth of salary, hitting a 10-year low. The financial industry leads in bonus payouts with an average of 1.83 months’ salary, followed by the semiconductor industry at 1.38 months. The healthcare services industry averages just 0.97 months of salary, while the accommodations and food services sector lags further behind at only 0.59 months. Despite the downward revision, the DGBAS remains optimistic for 2024, forecasting a GDP growth rate rebound to 3.35%. However, challenges such as the Ukraine-Russia war, the Israel-Palestine conflict, and ongoing inflation may pose risks to the global economy. Looking ahead to 2024, local job banks predict pay increases in 47.5% of companies, with an average salary hike of 3.2%, slightly lower than in 2023. Experts caution that Taiwan’s economic recovery may not be as swift as hoped.

Pegatron Corp. Chairman Tung Tzu-hsien expressed optimism about the easing of U.S.-China tensions and the possibility of reestablishing communication mechanisms. He believes this development is significant for global political and military tensions. Tung also commented on the uncertain state of the world economy and the status of orders, but remains hopeful about the U.S. finishing its interest rate hike and inventory destocking. He mentioned the ongoing Asia-Pacific Economic Co-operation (APEC) meeting in San Francisco, highlighting the attendance of important leaders and their arrangements to meet and communicate. Tung emphasized the efficient inventory clearance in the past year and stated that the industry’s outlook depends on the absence of unexpected war and global turmoil. He also mentioned the need for patience regarding Pegatron’s orders and indicated uncertain visibility for orders in 2024.

U.S. Ambassador Matt Murray highlights the importance of APEC as a platform for dialogue on supply chain resilience and economic security, with a focus on the semiconductor industry, ahead of the Biden-Xi Summit.

The Kaohsiung City Tourism Bureau has fined four hotels in Taiwan between NT＄10,000 to NT＄50,000 for increasing room rates during Coldplay’s concerts on November 11 and 12 at the Kaohsiung National Stadium. To prevent the tourism and accommodation industry from exploiting such opportunities, the Tourism Bureau conducts proactive inspections of hotel room rates. Reports indicate that four hotels were found to have inflated their prices, with one hotel seeing a 60% increase, resulting in a fine of NT＄50,000. The Kaohsiung City Government is making efforts to establish the city as a major global concert destination, with performances by international and domestic acts scheduled for 2023. While these events stimulate the tourism economy and increase demand for hotel accommodations, some operators take advantage of the situation by raising room prices. The director of the Tourism Bureau, Kao Min-Lin, has urged industry operators not to inflate prices during festivals, major events, or concerts. The Tourism Bureau will continue to inspect hotel room rates, maintain tourism and accommodation quality through strict supervision, inspections, and fines, and protect consumer rights and interests.

The Industrial Technology Research Institute (ITRI) has announced an 8.6 percent rebound in output, driven by developments in solar and wind power. Taiwan’s renewable energy market is expected to reach NT$200 billion in 2024. This was revealed during an ITRI industry forum that focused on cross-discipline cooperation in carbon solution exchange. Jay Wang, Vice Director of ITRI Industrial Economics and Knowledge Center, highlighted the challenges faced by the global economy due to high inflation and interest rates, which have increased investment costs for renewable energy development. Wang emphasized the importance of renewable energy in achieving a net-zero economy by 2050, but noted that oversupply has resulted in lower prices and the need for different approaches. Despite these challenges, Taiwan has excelled in the development and innovation of renewable energy, particularly offshore wind power, with an accumulated capacity of 2GW to date.

The global semiconductor revenue is projected to drop by approximately 12% in 2023 but is expected to rebound by more than 11% next year, reaching a total revenue of US＄550 billion, according to International Business Strategies (IBS). Major semiconductor companies, including Intel Corp, TSMC, and Samsung Electronics, have indicated that the industry downturn has passed. Although Samsung Electronics’ profit for Q3 fell 38%, inventory is returning to normal levels, and oversupply is easing due to production cutbacks. Samsung’s deputy head of the Memory Division suggests that the recovery trend could continue into next year. Despite challenges such as inflation, the war in Ukraine, and clashes between Israel and Hamas, the semiconductor market recovery reflects the resilience of the global economy.

A potential war between the United States and Beijing over Taiwan could result in crippling losses for both sides, warns the Stimson Center. The article, titled ＂Is a Chinese Invasion of Taiwan the Most Likely Scenario?＂ highlights that a unilateral declaration of independence by Taiwan might trigger ground and aerial assaults from Beijing. A military simulation by the Center for Strategic and International Studies showed that a joint defense effort from the U.S., Japan, and Taiwan could repel a Chinese invasion but at devastating costs, including the loss of ships, aircraft, and troops. The war would also impact the U.S.’s global standing, hurt Taiwan’s economy, and potentially destabilize the Chinese Communist Party’s rule. China’s aerial superiority, with a ratio of 1900 to Taiwan’s 300, could result in airstrikes, missile and cyber attacks aimed at decimating Taiwan’s defenses and critical infrastructure. Simulations predict a rapid escalation of war, including potential bombing of U.S. military bases and a reciprocal U.S. attack on Chinese bases and navy. Any concrete steps taken towards official independence by Taiwan could serve as a catalyst prompting Beijing’s decision for forceful unification.

The Department of Statistics of the Ministry of Economic Affairs announced that retail and catering revenues from January to September have reached a record high. The retail and catering industries are currently experiencing their annual sales peak, with demand for clothing, skincare products, and travel expected to stimulate consumption during the autumn and winter transition.