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Taiwanese dual-loan holders hit record high in July
Taiwan’s dual-loan holders hit a record 374,871 by July 2024, up 6.3% from 2023. Rising housing costs and financial pressures drive this trend, experts say.
2024/11/18 20:00
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Taiwan’s single economy exceeds NT$500B annually
Taiwan’s single-person households have surpassed 3 million, reflecting a shift toward solitary living. This trend impacts the economy and social dynamics, with businesses adapting to cater to solo consumers.
2024/11/05 17:42
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Taiwan faces job market imbalance amid quiet quitting trend
The trend of "quiet quitting" is on the rise globally as job opportunities in Taiwan continue to grow across sectors despite ongoing challenges in balancing job seeker demand and employer needs.
2024/06/13 17:53
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Cruise passengers in Taiwan to surpass 770,000 next year
Discover how Taiwan is set to break records in 2024 with an estimated 399 cruise ship visits, bringing in around 773,000 passengers, a significant rise from 2023. Learn about the growing trend in cruise tourism among families, couples, and retirees.
2024/05/13 16:02
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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
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Taiwanese bubble milk tea taking over North America
Taiwan’s bubble milk tea craze is sweeping the United States, with a surge in shops and market growth projected to reach US$2.2 billion within a decade.
2024/02/20 17:28
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TSMC’s potential 1nm factory fuels Chiayi housing boom
Housing prices in the Science Park in Taibao, Chiai County, have significantly increased due to the possibility of Taiwan Semiconductor Manufacturing Company (TSMC) establishing a 1-nanometer factory in the area. Although the news is not confirmed, the anticipation has led to a surge in pre-sale housing prices, with pre-sale apartment buildings increasing by 8.8% and townhouses rising by 12.6% between 2019 and 2023. TSMC has expressed its land needs to the Southern Taiwan Science Park Management Office, but the final decision to set up the factory depends on various factors. According to the Ministry of the Interior’s statistics, the price per ping in Chiayi County has soared by 65% from NT$101,500 to NT$167,100 between the first quarter of 2018 and the third quarter of 2023. Analysts believe this trend could continue as Chiayi County actively promotes industrial transformation and has six emerging industrial parks, including the potential site for the TSMC factory, the Chiayi Science Park. With the addition of nearby Tai Sugar Corporation’s land, it may meet TSMC’s requirement for a 100-ping plant. Despite the migration issue in predominantly agricultural Chiayi County, TSMC’s factory has the potential to stimulate the housing market by attracting younger out-of-town individuals and influencing the county’s buying and leasing market.
2024/01/23 16:17
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Popular tea chain to raise prices due to rising costs
50 Lan, a renowned tea beverage chain in Taipei, is set to raise its prices in 2024 due to increased operational and sales costs. Influenced by ingredient costs and labor shortages, the hike marks a potential trend in Taiwan’s popular hand-shake beverage market.
2023/12/28 18:42
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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
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Taiwan’s steel banana craze: Unusual orders baffle Japan
Discover the mystery behind the surge in orders for steel bananas from Taiwan. Iron Factory Ikeda, a Japanese manufacturer known for unique metalworking, is puzzled about the usage of these peculiar items. Find out why these steel banana-shaped hammers have gone viral online and sparked feverish discussions in Taiwan. Learn about Iron Factory Ikeda’s lineup of steel cutlery, including designs like crabs, oysters, clams, and whelks, which have become a novel trend among Taiwanese consumers.
2023/12/15 16:53
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Side hustles gain popularity amid remote work boom
Explore the growing trend of side hustles in Taiwan, where professionals like Mr. Wan balance their main jobs with personal ventures. Discover the challenges they face in maintaining work-life balance and health, and learn how they manage their time and set goals.
2023/12/05 18:42
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Taiwan stocks surge 44%, outshine S&P 500 and South Korea
SinoPac Securities Investment Service (SinoPac Inv. Service) has released a report on the Taiwanese stock market, highlighting its impressive growth streak. Taiwan stocks have surged over 44% since 2020 through the end of November, outpacing South Korea’s market and even surpassing the US S&P 500’s gain. The report suggests that Taiwan stocks are poised to set a new high for the year, as the index has successfully breached the critical threshold of 16,800 points. SinoPac Inv. Service also points out that political performance and a thriving stock market are often seen as indicators of the incumbent’s record, with the stock market tending to show an upward trend before the presidential elections. Given the current momentum and what is described as a "multi-bottom pattern," investment strategists at SinoPac are suggesting a "bullish-bias" investment approach. As investors closely monitor economic indicators before making their predictions on the election’s impact, Taiwan’s stock market enters the end-of-year season with robust investor optimism.
2023/12/04 19:47
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Taiwan’s female labor force faces challenges post-motherhood
In 2022, 330,000 Taiwanese women withdrew from the labor market to care for their families, highlighting the challenges women face in balancing work and family life. This trend, coupled with workplace stress and inflexibility, is impacting Taiwan’s birth rate and female labor force participation.
2023/11/30 10:28
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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
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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
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Job market embraces flexibility amid Taiwan’s labor shortage
Discover the rising trend of flexible working hours in Taiwan’s job market to combat labor shortages and cater to employee preferences. Learn how this shift impacts income, job satisfaction, and concerns about stability. Government, businesses, and professionals are urged to ensure worker rights and well-being.
2023/08/21 16:59
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Taiwan accelerates electric vehicle charging investments
Taiwan is making strides toward achieving net-zero emissions by 2050, including the ban on fuel-powered cars by 2040. As a result, the electric vehicle market is growing rapidly, and there is an increasing demand for more charging stations to support this trend.
2023/07/25 17:06