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New Year’s fireworks reservations sell out near Taipei 101
Taipei 101’s New Year’s Eve fireworks will dazzle the sky on Dec. 31, drawing crowds to Xinyi District. Nearby restaurants are fully booked despite price hikes.
2025/12/04 17:06
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Taiwan economic outlook brightens with AI demand surge
DBS Bank revises Taiwan’s 2025 GDP growth forecast to 4% amid strong AI demand. Despite tariff challenges, tech products remain resilient. Inflation predictions lowered.
2025/07/23 18:32
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Taiwan sees oil price hikes as temporary economic concern
The Central Bank of Taiwan reports that recent oil price hikes are temporary, with limited impact on domestic prices. It will monitor trends to ensure economic stability.
2025/06/25 06:00
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Taiwan braces for oil supply disruption amid Hormuz crisis
Taiwan’s Economic Minister J.W. Kuo warns of potential oil price hikes due to tensions in the Strait of Hormuz. The ministry prepares strategies to mitigate impacts.
2025/06/23 17:18
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Taiwan coffee shops face price hikes amid global bean crisis
Coffee prices in Taiwan are rising as global bean costs double due to extreme weather in major producing regions. Starbucks has already increased prices, while budget chains like cama and Louisa Coffee face difficult decisions about whether to follow suit or absorb costs internally. With Taiwan’s coffee consumption jumping 50% in just two years and harvests continuing to decline, experts warn that affordable coffee may soon become a thing of the past.
2025/05/23 18:17
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Costco Taiwan addresses price concerns as U.S. plans hikes
Costco Taiwan addresses concerns over potential price hikes following U.S. Costco’s adjustments. CEO Ron Vachris assures members of stable prices and quality service.
2025/04/09 13:00
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Taiwan sees no immediate price hike risk, says DGBAS
Taiwan’s DGBAS reports no immediate risk of price hikes despite U.S. tariffs. March CPI grew 2.29%. Tariffs may affect imports, but oil price drops could offset impacts.
2025/04/09 09:00
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Taiwan’s Executive Yuan addresses electricity price concerns
Taiwan’s Executive Yuan addresses concerns over potential electricity price hikes after a budget cut for Taiwan Power. The Electricity Price Review Committee will meet in March to discuss possible rate changes.
2025/02/06 14:00
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Taiwan Power and Water Corp. to keep prices steady
Taiwan’s Ministry of Economic Affairs confirms no price hikes for water, power, or gas through February. CPC and Taiwan Sugar maintain stable prices to ease holiday costs.
2025/01/14 10:45
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Economics minister urges Taipower to avoid price hikes
Minister J.W. Kuo addresses concerns over potential electricity rate hikes in Taiwan, urging Taipower to avoid price increases despite financial challenges and budget cuts.
2024/12/25 10:09
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Egg prices steady despite rising demand in Taipei
The Taipei City Egg Merchants Association announced egg prices will stay the same this week despite increased demand. Oversupply and price hikes draw criticism.
2024/11/20 09:21
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Egg prices rise despite oversupply, minister responds
Taiwan’s agriculture minister warns of inspections if egg prices show monopolistic behavior amid oversupply. Seasonal demand may stabilize prices.
2024/11/18 10:27
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Taipei egg market optimistic despite price hikes
The chairman of the Taipei City Egg Merchants Association is optimistic about the egg market’s future despite recent price hikes. Lin Tien-lai highlights the need to phase out older hens and establish a robust market mechanism to address challenges. Egg prices have risen but remain below production costs, affecting small farms. Lin believes market saturation will adjust over time, leading to recovery.
2024/11/12 20:00
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Taipei mayor urges electricity discount for metro
Taipei Mayor Chiang Wan-an urges the central government to offer an electricity rate discount for Taipei Metro to ease operational costs. Rising electricity prices and increased personnel expenses challenge the metro’s budget, potentially leading to fare hikes.
2024/11/04 11:44
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Taiwan Railways to recalculate fares amid power cost rise
Taiwan Railways plans to propose fare hikes due to increased electricity costs, with a decision expected on Oct. 22. Taiwan High Speed Rail also reviews potential impacts.
2024/10/07 11:29
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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
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Taiwan’s labor ministry to review minimum wage on Wednesday
Discover the details of Taiwan’s first minimum wage review meeting set for Wednesday, with a potential 4% increase discussed, aiming for the ninth consecutive year of wage hikes.
2024/09/02 15:59
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Survey: 90% feel pinch of weather-driven price hikes
Discover how extreme weather events have driven up fruit and vegetable prices in recent years, according to a Greenpeace report. Learn about the impact on consumers and the call for government action.
2024/08/14 11:40
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Food vendors absorb electricity costs, fearing price hikes
Lukang Old Street Business District chairperson Huang Shih-chieh expresses concern over rising electricity costs and their impact on food vendors, who may absorb cost increases to avoid raising prices due to declining consumer purchasing power, potentially leading to a vicious inflation cycle.
2024/04/15 17:25
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Taiwan’s political parties clash over power costs
DPP Legislator Rosalia Wu questions Legislative Yuan’s responsibility in case of Taipower collapse, prioritizing people’s livelihoods. KMT and TPP propose freezing electricity price hikes amidst Ministry of Economic Affairs’ decision to increase prices by 11% on April 1. DPP counters with cross-party negotiation pullback to address unreasonable proposals.
2024/03/29 12:13
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Central Bank governor deems Taiwan’s inflation rate ’mild’
Central Bank Governor Yang Chin-long discusses Taiwan’s mild inflation rate amidst potential electricity price hikes and the Legislative Yuan’s move to require approval for such adjustments. The KMT calls for more public oversight in price changes.
2024/03/27 17:40
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Taichung battles rising costs amid electricity price hikes
Taichung Mayor Lu Shiow-yen addresses the impact of rising electricity prices on the city’s annual costs, emphasizing the need to safeguard public transportation and essential services from the effects of the 11% price hike set to take effect in April. The Taichung Metro company plans to mitigate the anticipated 14% increase through cost-saving and energy-efficient measures.
2024/03/25 13:47
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Taiwan holds steady on water prices amid economic debate
Taiwan’s Minister of Economic Affairs, Wang Mei-hua, addresses concerns over potential water and electricity price hikes. Wang assures no immediate plans for water price increases and remains cautious on addressing the issue. Legislators advocate against compounding effects of electricity rate hikes and warn of potential inflation spikes. Discussions continue on balancing household electricity costs and industry consumption subsidies.
2024/03/13 19:11
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Economic minister confirms electricity rate adjustments
Minister of Economic Affairs Wang Mei-hua discusses electricity rate adjustments in Taiwan, emphasizing the impact on household usage below 330 kilowatt hours. Kuomintang Legislator Yang Chiung-ying opposes price hikes, proposing solutions to address citizen hardships amid inflation. Wang highlights considerations for nuclear power and renewable energy costs, amidst concerns over safety regulations and nuclear waste. Yang challenges Taipower’s deficits and criticizes passing on costs to residents through price increases.
2024/03/07 17:23
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Taipower at risk of financial crisis without government aid
Taiwan Power Co. (Taipower) faces a potential financial crisis by year-end without government aid or electricity price hikes, warned Minister of Economic Affairs Wang Mei-hua. An upcoming electricity price review may see rates for ultra-high-voltage users surge by over 10%. Wang emphasizes the need for discussion in the committee meeting and assures efforts to minimize impacts on the public. Taipower’s efficient management has helped curb price spikes and inflation, with plans in place for financial support and program development. Current electricity costs for major consumers stand at around NT$1.63, while Taipower’s generation cost, pre-tax, is NT$3.93, expected to surpass NT$4 post-tax.
2024/02/20 13:10