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  • Taiwan Central Bank joins Instagram for youth engagement

    Discover how the Central Bank of the Republic of China (Taiwan) is connecting with younger audiences by launching its official Instagram account, joining the global trend of central banks like the FRB, ECB, and BoE. Learn about their unique approach to engaging with the public through softer content, including educational videos and career opportunities.
    2024/05/06 18:08
  • 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
  • Mobile payments in Taiwan embrace global reach

    Explore how Taiwan is leading the charge in mobile payment adoption, with over 12 million users benefiting from international collaborations like PXPay and PayPay. This shift towards digital transactions signifies a broader global expansion trend, enhancing consumer experiences and security.
    2024/03/22 16:24
  • Taiwan secures 2nd place in Asian freedom rankings

    Taiwan ranks second in Asia for freedom according to the Freedom House’s Freedom in the World 2024 report, scoring 94 just behind Japan’s 96. The report highlights global decline in freedom for the 18th consecutive year, affecting a fifth of the world’s population. Taiwan maintains its "Free" nation status with high scores in Political Rights and Civil Liberties, while China is labeled as "Not Free" with significantly lower scores.
    2024/02/29 17:46
  • Taiwan considers 4-day workweeks amid challenges

    Discover how a Taiwanese cybersecurity firm’s adoption of a four-day workweek has led to increased efficiency and improved work-life balance, setting a trend amidst global shifts towards reduced work hours.
    2024/02/29 16:47
  • 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
  • Taiwan’s exports hit top-three record despite 2023 dip

    Taiwan’s export performance reached a historic high from 2021 to 2023, but experienced a 9.8% decline in 2023 compared to the previous year, according to the Ministry of Finance. Despite this setback, exports to the U.S. continued to soar with a 49.7% year-on-year increase, while exports to countries covered by Taiwan’s New Southbound Policy also saw significant growth. However, exports to mainland China decreased to 35.2%. Taiwan’s total export tally for 2023 amounted to US$432.48 billion, ranking behind only 2022 and 2021. The demand for communications and electronic products during the pandemic-induced work-from-home trend boosted Taiwan’s exports. The Taiwan Institute of Economic Research predicted significant international trade growth in 2024, which would benefit export-oriented economies like Taiwan. In December 2023, Taiwan’s exports to the U.S. reached $8.49 billion, and exports to southern countries surged by over 50%. However, due to the limited coverage of free trade agreements (FTAs), many traditional Taiwanese industries chose to restructure risks and production in Southeast and South Asia. The return of Taiwanese businesses and the expansion of local factories after the U.S.-China trade war, as well as global economic circumstances, significantly impacted the decline in 2023 exports. The Directorate General of Budget, Accounting and Statistics (DGBAS) estimated the first-quarter export volume for 2024 to be around US$106.1 billion, which is an improvement compared to the same period in 2023, but a 10% decrease from 2022.
    2024/02/15 10:49
  • Taiwan’s growing wealth gap raises concerns: experts

    Taiwan’s wealth gap widens as economic growth hits a 14-year low. Experts call for action to address income inequality and rising living costs.
    2024/01/29 16:44
  • KMT officially proposes the "Absentee Voting Act"

    The Kuomintang (KMT) has proposed the Absentee Voting Act in response to the need for voting rights for citizens unable to return to their hometowns for elections. The 2021 census revealed that nearly 2 million people work or study outside their home regions, making an absentee voting system necessary. KMT lawmakers argue that this system would increase voter turnout, deepen democracy, protect constitutional voting rights, and is vital for further legislation. The delay in implementing absentee voting in Taiwan has put the country behind other developed nations that have already adopted this global trend.
    2024/01/24 15:07
  • Global Times warns Lai of Taiwan’s diplomatic isolation

    Taipei (TVBS News) reports that Taiwan’s diplomatic allies are gradually decreasing, as stated by a Chinese official media outlet. Nauru recently announced its decision to sever ties with the Republic of China and Taiwan, bringing the number of diplomatic allies down to 12. This marks the tenth nation to break ties during President Tsai Ing-wen’s term. The Global Times report highlights the more restrained approach of Taiwan’s President-elect Lai Ching-te and Hsiao Bi-khim towards cross-strait policies, urging them to fully understand the reality and trend of the Taiwan Strait and completely abandon any path towards Taiwan independence. Lai, elected as a "double minority," faces the challenge that 60 percent of the Taiwanese population does not recognize the Democratic Progressive Party (DPP). In response to Taiwan’s elections, the U.S. clarified its stance by stating that they do not support Taiwan’s independence, aiming to dissuade Lai from becoming a disruptive force like former President Chen Shui-bian, which could affect the U.S.’s strategic plans.
    2024/01/24 12:38
  • Ko envisions Taiwan as bridge, not pawn, in global politics

    Taiwan People’s Party (TPP) presidential candidate Ko Wen-je discusses his core policy on cross-strait relations, emphasizing preparedness for war but not seeking it. He advocates for autonomy and peaceful cross-strait relations. Ko expresses concern over Taiwanese unease with the Taiwan Strait status quo and questions if Taiwan desires secrecy, division, and animosity. He envisions Taiwan as a beautiful island and desires it to be a bridge for Sino-American communication. Ko acknowledges challenges such as the necessity of TSMC and cautiously approaches nuclear energy, considering the international trend towards net-zero carbon emissions by 2050. He aims to transcend traditional ideological division and promises fairness, inclusivity, and effective governance.
    2023/12/30 17:19
  • 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
  • Yang Ming shares surge amid Red Sea shipping crisis

    Shares of Yang Ming Marine Transport Corp. experienced a surge in volume, with over 70,000 shares traded, ranking in the top five in terms of transaction volume. This follows the suspension of services through the Red Sea by major container shipping companies, including Evergreen Marine Corp., Yang Ming, and Wan Hai Lines Ltd., due to attacks by Yemeni militants. The crisis in the Red Sea has led to global shipping lines rerouting, potentially alleviating excess capacity and boosting international freight rates. The stock performance of these "Big Three" container shipping firms has drawn significant attention. Evergreen Marine’s stock exhibited volatility, reaching a post-ex-dividend high of NT$148 but later dipping to NT$144.5. Yang Ming’s stock price also reached a morning peak but corrected downwards, with a trading volume surpassing 70,000 shares. Wan Hai Lines experienced a similar downward trend. These movements in the shipping sector are closely monitored amid the ongoing situation in the Red Sea, which impacts shipping routes worldwide.
    2023/12/20 15:29
  • Maersk layoffs send shipping stocks tumbling

    Global shipping leader Maersk’s decision to cut its workforce by 10,000 has caused a downturn in shipping stocks on November 6th. Within the first ten minutes of trading, Evergreen Marine (2603) dropped 4% to NT$107.5, while Yang Ming Marine Transport (2609) and Wan Hai Lines (2615) also experienced turbulence with declines of over 2%. Following Maersk’s announcement, the company’s stock price fell more than 18%. The shipping industry is currently facing numerous challenges, including sluggish cargo demand, falling freight rates, rising energy costs, inflation, and geopolitical tensions. Maersk CEO Vincent Clerc described these challenges as the "new normal." Insiders have noted that the shipping market is not as robust as it has been in recent years, leading to uncertainty and a "supply-demand imbalance" in the coming year.
    2023/11/06 20:06
  • Semiconductor revenue expected to rebound by 11% in 2024

    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.
    2023/11/02 20:42
  • Taiwan sees growth in ESG-related careers

    Sustainable development has become a global trend. Corporations worldwide have set up departments dedicated to environmental, social, and corporate governance (ESG) and they are looking to comply with the framework.
    2023/01/26 12:00
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