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  • Taiwan eyes stronger ties with rising India

    Chen Mu-min, the Deputy Representative to India, highlights the strengthening of Taiwan-India relations through increased cooperation in trade, investment, education, and technology. He emphasizes India’s growing political influence as beneficial for Taiwan’s international engagement and notes the expansion of Taiwan Education Centers in India, alongside a rise in Indian students and researchers visiting Taiwan. The reorganization of the global supply chain is seen as a driving force behind Taiwanese manufacturers moving to India, promising a boost in trade volume between the two nations.
    2024/04/30 13:54
  • Optimism in Asian manufacturing despite varied growth rates

    The Purchasing Managers’ Index (PMI) for Asian manufacturing in March shows varying recovery rates across the region, with Taiwan’s manufacturing sector on the rise and confidence among Taiwanese businesses reaching a nearly three-year high. Japan also saw improvement, while South Korea and Vietnam experienced contractions. Paul Smith from S&P Global Market Intelligence notes signs of price and supply stabilization supporting a more optimistic outlook for the Asian manufacturing sector.
    2024/04/01 18:23
  • Ferrari’s sales soar in Taiwan amid chip boom

    Ferrari’s sales in Taiwan have surged in recent years, driven by the chip boom and global supply chain shifts. The luxury carmaker’s profits hit a record high, with Taiwan outpacing mainland China and Hong Kong in supercar sales growth. Despite Europe and the US being primary markets, Taiwan saw a significant rise in Ferrari sales, capturing 40% of the local two-door supercar market.
    2024/03/25 15:10
  • Solo travels on the rise as Google search for term doubles

    Discover the growing trend of solo travel! Explore the reasons behind its rise, tips for first-time solo travelers, and the increasing popularity among older adults. From local getaways to luxurious international tours, solo travel offers a world of possibilities.
    2024/02/18 12:30
  • Overseas community emphasizes voting’s role in democracy

    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.
    2024/01/02 16:00
  • Taiwan reports 326 new COVID cases, majority unvaccinated

    Taiwan’s Centers for Disease Control (CDC) reported 326 new domestic cases of COVID-19 for the week of Dec. 19-25, with 99% of the newly infected individuals not having received the XBB.1.5-adapted vaccine. The CDC also noted a rise in fatalities, with 37 deaths, of which 97% had not been vaccinated with the XBB vaccine. The CDC highlighted that the domestic COVID-19 situation is worsening, with 78% of complications and 90% of deaths affecting people over the age of 65. The global positivity rate for COVID-19 is at its peak, and cases are increasing in neighboring Southeast Asian countries. Since the introduction of the XBB vaccine in Taiwan, almost all domestically reported cases of complications and fatalities have been among unvaccinated individuals. The CDC emphasized the protective role of the vaccine, citing recent Dutch research that found it to be over 70% effective against severe infection in the elderly. The domestic rollout of the XBB vaccine has reached 769,000 doses, with a two-month peak of 68,600 doses administered during the week of Dec. 19-25. The CDC encourages mask-wearing during end-of-year gatherings and New Year’s activities, especially in crowded, poorly ventilated places or when in close contact with vulnerable individuals. Prompt medical attention is advised for those displaying COVID-19 symptoms.
    2023/12/26 18:15
  • Taiwan ranks second in Airbnb’s global search trends

    Taiwan has been identified as one of the key search terms by international travelers on Airbnb’s platform, according to the company’s 2024 tourism trends report. Taiwan’s search growth rate was second globally, just behind Japan. Airbnb expects 2024 to be the year when international travelers embark on world tours. From the first quarter to the third quarter of 2024, search volume on Airbnb increased significantly in 10 countries and regions, with Japan topping the list. Other than Taiwan and Japan, countries and regions such as Albania, Singapore, Finland, the United Arab Emirates, Curaçao, Aruba, Thailand, and Guatemala also saw a rise in interest from Airbnb users.
    2023/12/26 16:58
  • Smartphone market set for growth in 2024 with AI

    The smartphone market is set to rebound in 2024, according to Rick Tsai, chairman of MediaTek Inc., a global chip leader. Tsai attributes this growth to the increasing popularity of AI applications, which is driving the replacement of mobile phones and PCs and creating a higher demand for devices. Under Tsai’s leadership, MediaTek has released advanced products such as the Tianji 9300, a flagship 5G chip that supports generative AI applications. Qualcomm, another major chip company, is also capitalizing on the AI trend with its latest 5G handset chip, Snapdragon 8 Gen 3, which offers AI support for enhanced user experiences. Both companies anticipate a surge in AI smartphone upgrades due to improved computing power and a wider range of applications.
    2023/12/23 11:21
  • Central Taiwan groups rally for coal-free future

    Join the rally against air pollution and global warming in Taichung, central Taiwan on December 24. Environmental organizations are demanding a coal-free central Taiwan and urging Taichung Mayor Lu Shiow-yen to take immediate action to phase out coal at the Taichung Power Plant by 2026. Central Taiwan is responsible for over 60% of the nation’s coal-fired power generation, causing long-term pollution. The International Energy Agency advises developed countries to achieve coal phase-out by 2030 to control temperature rise within 1.5 degrees Celsius. Taiwan’s current energy policy does not align with international trends, with proposed energy-use proportion still including 14 to 20% coal by 2030. However, data from the Ministry of Economic Affairs suggests that increased generation from natural gas and renewable sources can allow for a full coal phase-out at Taichung Power Plant by 2026, a decade earlier than Taipower’s claim. Local governments in central Taiwan are criticized for insufficient efforts to reduce coal use, and residents are urged not to wait another 12 years for a healthier environment.
    2023/12/19 15:28
  • Taiwan grapples with extreme weather amid climate change

    2023 emerges as the hottest year on record, with Taiwan experiencing rapid climate changes. Experts discuss the local and global factors contributing to warmer winters and longer summers, emphasizing the need for proactive measures against these environmental shifts.
    2023/12/17 11:42
  • China’s kids face rising antibiotic drug resistance

    Chinese children are increasingly experiencing antibiotic resistance when treating Mycoplasma pneumoniae, which poses a global health and economic concern. By 2050, drug-resistant diseases could result in healthcare costs of NT$31 trillion and economic losses of up to NT$106 trillion, according to the World Bank. The overuse of antibiotics has led to the rise of superbugs, diminishing the effectiveness of these medicines and compromising treatment outcomes. Azithromycin, a commonly used antibiotic in China for Mycoplasma pneumoniae, now faces an alarming resistance rate of nearly 80% to Macrolides. The World Health Organization (WHO) warns of the dangers of antibiotic overuse and refers to the situation as a "silent pandemic." WHO Director-General Tedros Adhanom Ghebreyesus expresses concern that antibiotic resistance could bring us back to an era where minor infections are untreatable.
    2023/12/12 11:42
  • Taiwan’s domestic flight prices rise amid oil price surge

    Taiwan faces a 4.5% increase in domestic flight ticket prices due to a surge in global oil prices, resulting in an average additional cost of NT$95 per ticket. Kinmen residents, who frequently travel to and from Taiwan, are particularly affected, with Mandarin Airlines’ Taipei to Kinmen route experiencing a one-way fare increase of 7.4%, equivalent to NT$182. This price rise will also impact tourists planning to fly domestically during the New Year’s holiday, making air travel more expensive. As a result, authorities expect a significant increase in road traffic during the New Year’s Eve celebrations. To alleviate transportation challenges during the festive season, Taiwan will implement toll-free periods on freeways from midnight to 5 a.m. The Taiwan Railways Administration and Taiwan High-Speed Rail (THSR) will also increase service frequencies to accommodate the expected passenger volume. THSR has added 105 services and will continue to offer discounts for college students and early bird promotions. Taiwan Railways has scheduled 116 extra trains, anticipating a potential peak of over 800,000 passengers in a single day. However, ticket sales for child-friendly carriages have been temporarily suspended. Additional train services during the New Year transportation period will be available for purchase starting from midnight on December 1, aiming to alleviate travel congestion during the holidays.
    2023/11/30 22:41
  • Taiwan’s industrial power demand drops post-summer: TRI

    The Taiwan Research Institute (TRI) reports a decrease in electricity demand in September, following the end of the summer peak period for consumption. The TRI’s October Taiwan EPI shows a 0.16% growth in high voltage electricity usage across national industries compared to the same period in 2022. However, this growth is smaller than the increase seen in September. TRI President Wu Tsai-yi attributes the deceleration in economic growth to global inflation, interest rate hikes, and ongoing geopolitical crises. Despite these challenges, the domestic electronic technology industry has experienced successful inventory turnover due to the rise of AI applications, the launch of new consumer electronics, and stockpiling for the end-of-year shopping season. With sustained private consumption momentum and negative economic growth factors in the fourth quarter of 2022, a significant increase in economic growth to 4.4% is estimated for October. Wu predicts a gradual return to normalcy for global economic and business activities as the effects of inflation and interest rate increases diminish.
    2023/11/22 17:23
  • ASVDA to host talks on Taiwan-Japan industry ties and EVs

    Amid strengthening industry ties between Taiwan and Japan, ASVDA plans discussions on EVs and smart technology. Gartner predicts a significant rise in global EV shipments, while the IEA foresees a major shift towards sustainable energy.
    2023/11/13 20:32
  • Taiwan’s real wages to rise by 2.5% in 2024: report

    Asian-Pacific workers, including those in Taiwan, are expected to experience the highest global growth in real wage increases in 2024, according to recent data. India leads the way with a projected rise of 5.1%, while Taiwan contributes with a 2.5% increase. The ECA International’s Salary Trends Report indicates that real wages for Asian-Pacific workers will increase by 2.2% in 2024, more than double the global average of 1%. Taiwan ranks sixth in the real salary forecast growth rate in the Asia-Pacific region, surpassing Macau, Malaysia, the Philippines, Cambodia, and South Korea. Vietnam and Thailand are expected to see real wage surges of 3.6% and 3.4% respectively, while Singapore is projected to have modest growth of 0.5%. The region’s advantage of lower inflation rates compared to the rest of the world contributes to these increases. Greater China locations, excluding Hong Kong, are expected to be among the top ten globally in terms of real wage increases in 2024.
    2023/11/09 15:09
  • TSIA Chair urges government to prepare for AI revolution

    Taiwan Semiconductor Industry Association Chair Cliff Hou has made four key suggestions to the government in a proposal, emphasizing the need to prepare for significant changes in the global semiconductor industry due to the rise of AI.
    2023/10/27 20:03
  • Prof. May Oo Lwin rethinks the future of global health

    Professor May Oo Lwin from Nanyang Technological University spoke at the CTeC Asia event, warning against the dangerous rise in COVID-19 misinformation. Stressing the crucial role of media as a trustworthy information source, she called for public vigilance and cross-sector collaboration to counter disinformation.
    2023/10/22 17:47
  • Summer depression rates surge sparks mental health concerns

    Learn about the increasing cases of summer depression globally, exacerbated by extreme heat. Physicians emphasize prevention and self-care.
    2023/10/02 09:40
  • Extreme heat from climate change endangers flight safety

    Extreme heat due to climate change is posing new challenges for air travel, affecting flight operations, passenger loads, and take-off efficiency. Experts reveal how soaring temperatures impact engines, combustion efficiency, and lift generation, leading to delays and changes in flight schedules. As global temperatures rise, the aviation industry must adapt to ensure safe and efficient travel.
    2023/08/17 13:29
  • Rising costs and demands could prompt 2024 NHI premium hike

    Taiwan’s highly praised healthcare system is facing financial challenges due to inflation and an aging population. The increase in medical expenses and the rising global budget of the National Health Insurance (NHI) has led experts to fear a potential rise in the premium rate next year. 
    2023/07/19 07:05
  • Fulbright-Hays seminars abroad kick off in Taiwan

    Fulbright-Hays Seminars Abroad has chosen Taiwan as its host country for the first time this summer, marking a significant milestone in the program’s history spanning 66 years. Since its inception in 2008, the renowned scholarly research program has taken place in 36 countries, but Taiwan’s rise to global eminence has made it an ideal destination.
    2023/06/13 15:37
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