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  • Typhoon Kong-rey causes NT$2 billion in agricultural losses

    Typhoon Kong-rey has caused over NT$2 billion in agricultural losses in Taiwan, with Taitung County hit hardest. The Ministry of Agriculture offers aid and updates.
    2024/11/12 15:31
  • Taiwan inflation hits 3.5-year low in October

    Taiwan’s inflation rate hit a 3.5-year low in October, with the CPI rising 1.69% year-over-year. Despite Typhoon Krathon’s impact, core CPI eased.
    2024/11/06 21:00
  • Typhoon results in NT$1.2 billion crop losses

    Typhoon Kong-rey hit Taiwan, causing NT$1.2 billion in agricultural losses. Power outages affected 979,743 homes, with full restoration expected by 11 p.m. Monday.
    2024/11/04 11:30
  • Typhoon Kong-rey causes NT$9.51M in agricultural losses

    Typhoon Kong-rey caused NT$9.51 million in damages to Taiwan’s agriculture, with Kaohsiung hit hardest. Key crops like corn and tomatoes suffered significant losses.
    2024/11/01 16:33
  • Taiwan may lose 28,000 jobs by 2045, labor ministry warns

    Taiwan’s Ministry of Labor warns of potential 28,000 job losses by 2045 if carbon reduction efforts stall. The study highlights the impact on energy-intensive sectors and the need for carbon management expertise.
    2024/10/22 17:14
  • Taiwan premier admits shortcomings in fraud fight

    Premier Cho Jung-tai admits Taiwan’s struggle with rising fraud cases despite new laws. Government vows to boost anti-fraud efforts with tech and global ties.
    2024/10/09 10:06
  • Louisa Coffee optimistic despite financial fluctuations

    Louisa Coffee reports an unrealized loss over NT$40 million but remains optimistic due to potential gains from a drop in coffee futures. The company uses futures hedging and spot purchases to stabilize its financial outlook amid market fluctuations.
    2024/10/08 10:29
  • Critics say typhoon holidays cause massive economic losses

    Typhoon Krathon led to a typhoon holiday in Taiwan, sparking debate over its impact on the economy. Critics cite losses, while officials stress safety.
    2024/10/07 16:29
  • Kaohsiung roads, schools restored after typhoon

    Kaohsiung Mayor Chen Chi-mai reports major roads and schools are restored after Typhoon Krathon. Focus shifts to park cleanup and agricultural recovery.
    2024/10/07 14:57
  • Kaohsiung crops suffer NT$80.76M damage following typhoon

    Typhoon Krathon caused over NT$100 million in agricultural losses in Kaohsiung, with crops like guavas and bananas hit hard. Mayor Chen urges farmers to report damage.
    2024/10/04 16:40
  • Premier Cho urges better weather data for local decisions

    Premier Cho Jung-tai urges Taiwan’s weather agency to improve forecast accuracy after Typhoon Krathon’s slow movement caused economic losses and public dissatisfaction.
    2024/10/04 11:10
  • Taichung Metro to compensate family of deceased deputy chief

    Discover the story of a Taichung Metro deputy station chief’s tragic death and the ensuing debate over staffing and safety measures. Critics call for a review of the metro’s staffing policies after the incident.
    2024/09/23 11:57
  • Taiwan’s CPI rises for fourth month, hitting 2.36% in August

    Discover the latest on Taiwan’s economy: August’s Consumer Price Index rose by 2.36%, marking the fourth month of inflation above 2%. Factors include higher rents and dining costs, offset by lower egg and fuel prices. A trend toward stability is expected.
    2024/09/06 17:20
  • Taipei Zoo mourns the loss of its last American bison

    Discover the story of Taipei Zoo’s last American bison, Jiaowa, and the challenges of caring for aging animals. Learn about the zoo’s recent losses and the impact on its team.
    2024/09/05 11:22
  • Typhoon Gaemi causes over NT$2.7B in agricultural losses

    Discover how Typhoon Gaemi’s devastation in Taiwan has led to a surge in vegetable prices, with Agriculture Minister Chen Junne-jih predicting a month for stabilization. Learn about the impact and recovery efforts.
    2024/08/01 13:34
  • Typhoon causes nearly NT$1.8 billion in agricultural damage

    Discover the impact of Typhoon Gaemi in Taiwan: 10 dead, 2 missing, and 897 injured. The storm caused extensive damage, including agricultural losses of NT$1.8 billion and power outages affecting thousands. Learn more about the recovery efforts and the push to prevent disease outbreaks.
    2024/07/28 16:03
  • Former legislator cites heavy losses from typhoon day-off

    Discover how Taiwan’s unique "typhoon holidays" system, which suspends work and classes during typhoons, leads to significant economic losses, estimated at NT$20 billion per day. Former legislator Julian Kuo calls for policy revision to address the economic and operational disruptions highlighted on a CTI Television talk show.
    2024/07/25 13:00
  • Taipower urged to end reliance on government subsidies

    Discover how Taiwan’s new Economic Affairs Minister, J.W. Kuo, advocates for Taiwan Power Company’s financial independence, challenging the current reliance on government subsidies amid significant losses.
    2024/06/07 10:26
  • Late April showers cause over NT$11M in agricultural losses

    Discover how late April showers have caused significant agricultural damage in Taiwan, with losses reaching NT$11.84 million. This news story covers the impact on crops like leeks, melons, and rice, and outlines the regional distribution of damages, highlighting the resilience of the agricultural sector.
    2024/04/30 15:36
  • Taipower struggles with losses amid calls for reform

    National Audit Office Auditor-General Chen Jui-min calls on Taiwan Power Co. (Taipower) to enhance management and boost revenue amid consecutive losses. Chen emphasizes the need for electricity price adjustments and debt interest reduction. Kuomintang Legislator Lin Ssu-ming questions Taipower’s deficits and government subsidies, urging a review of energy policy. Chen confirms NT$100 billion subsidy and stresses the importance of green energy for profit sustainability.
    2024/04/02 18:13
  • 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
  • Taiwan’s MOEA to monitor electricity price changes

    Stay updated on Taiwan’s economic landscape with the latest news from Minister of Economic Affairs Wang Mei-hua. Discover insights on electricity price fluctuations and their impact on domestic issues, as well as the government’s strategies to address losses incurred by Taiwan Power Company. Explore the projections for economic growth and inflation rates amidst industry recovery and upcoming events.
    2024/03/01 15:56
  • Past airline strikes spotlighted amid new strike threat

    EVA Air pilots in Taiwan may strike, marking the fourth in the nation’s aviation history. Past strikes led to significant losses and disruptions, raising concerns as the Lunar New Year approaches.
    2024/01/26 15:25
  • Taiwan’s MOEA to aid Taipower’s budget crisis

    The Minister of Economic Affairs, Wang Mei-hua, plans to help Taiwan Power Company (Taipower) seek budgetary support from the Executive Yuan to alleviate its financial distress. Taipower reached out to the Ministry of Economic Affairs (MOEA) for assistance, citing escalating international fuel prices caused by the Russia-Ukraine war. Other global power companies, such as Korea Electric Power Corporation (KEPCO), Tokyo Electric Power Company (TEPCO), and Électricité de France (EDF), have already experienced significant price hikes. Taipower’s rates are relatively low compared to the cost of power generation, resulting in policy-driven losses. As of 2023, Taipower has accumulated losses of NT$382.6 billion due to absorbing price increases to protect Taiwan from global inflation. The MOEA disclosed that Taipower and the CPC Corporation have discrepancies in predicting natural gas prices, leading Taipower to observe international coal prices for cost estimates in 2024. While mitigating Taipower’s financial woes in the short term poses challenges, Wang aims to prevent further losses. The MOEA will assist Taipower in lobbying the government for budget support once financial situation estimates are finalized. The decision to adjust electricity prices will be made by the Electricity Price Review Committee.
    2024/01/23 13:09
  • Taiwan Premier offers condolences aid to Gansu quake victims

    Taiwan’s Premier Chen Chien-jen expresses condolences and sympathies to the victims and bereaved families of the recent devastating earthquake in Gansu Province, mainland China. He also hopes for a speedy recovery for those injured. Taiwan is ready to provide assistance through relevant agencies if needed. Executive Yuan spokesman Lin Tzu-lun also voices concern for the human and material losses inflicted by the earthquake. The Executive Yuan expects smooth and effective rescue operations and restoration efforts in Gansu Province. This show of solidarity from Taiwan highlights the shared understanding of the challenges posed by natural disasters in the region and the willingness to aid neighbors in times of crisis.
    2023/12/19 15:33
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