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  • Eslite Xinyi closes after 18 years, marks end of an era

    The Eslite Xinyi Store, a popular local bookstore in Taipei, closed its doors on Christmas Eve 2023. The farewell was emotional, with many visitors leaving thank you and goodbye messages on a memorial board. Over its 18-year tenure, the store welcomed an estimated 200 million people, averaging 10 million visits annually. The closure was due to the Uni-President Group reclaiming the land for redevelopment. The torch of being a 24-hour bookstore will be passed on to the Songyan store starting Jan. 20, 2024. The Songyan store is expected to triple its book capacity and draw increased traffic to Taipei’s Eastern District once renovations are complete.
    2023/12/25 17:07
  • EVA anticipates record-high bonuses amid aviation recovery

    EVA Airways Corporation plans to reward its employees with generous year-end bonuses, averaging six months’ salary, due to the anticipated recovery of the global aviation industry in 2023. This unprecedented bonus is subject to the company’s annual earnings, with additional compensation expected to be distributed in mid-2024. The airline will also adjust salaries for ground and flight crews, with ground crew and cabin crew salaries increasing by approximately NT$5,000 and pilots’ salaries by NT$11,000 to NT$20,000, depending on rank. However, these bonuses and salary adjustments are contingent on individual overall performance. Other companies under EVA’s jurisdiction, such as Evergreen Aviation Technologies Corp., Evergreen Airline Services Corporation, Evergreen Sky Catering Corporation, and Evergreen Air Cargo Services Corp., will also participate in the reward scheme.
    2023/12/25 16:57
  • Taiwan, U.S. schools honored for eco-education efforts

    The Ministry of Environment (MOENW) has recognized 59 Taiwanese and American eco-friendly schools for their successful integration of environmental education practices. This year’s tally of green flag certifications, which signify a long-term commitment to sustainability, is the highest on record. Taoyuan had the most certified schools with six. The green flag certificates symbolize the extensive efforts and dedication to fostering sustainable principles and active engagement within the school environment. The "Taiwan-American Eco-School Partnership Program," jointly promoted by the MOENW and the U.S. Environmental Protection Agency (EPA) since 2014, aims to cultivate student autonomy in participating in environmental protection discussions and decision-making. The Ministry of Education (MOE) joined the effort in 2021. The MOENW is dedicated to aligning Taiwan’s eco-friendly schools with global standards and increasing the number of schools participating in eco-friendly programs.
    2023/12/20 21:51
  • Lucky 150 millionth rider of Taoyuan MRT to win free TPass

    The Taoyuan Airport MRT has reached a significant milestone, with the announcement that the 150 millionth passenger will receive a free yearlong TPass, valued at NT$14,400. Since its launch over five months ago, the 1200 TPass has been widely used in the Greater Taipei Area and Taoyuan, with a record daily ridership of 106,000 passengers in November. The lucky 150 millionth rider and five accompanying passengers will enjoy unlimited travel in northern Taiwan. To accommodate the increasing number of passengers, Taoyuan Metro Co. has upgraded turnstile equipment and will introduce additional commuter and express trains. These improvements demonstrate Taoyuan Metro Co.’s commitment to enhancing the travel experience for its users.
    2023/12/20 20:05
  • TPP’s Wu touts legislative record ahead of VP debate

    Taiwan People’s Party (TPP) vice-presidential candidate Cynthia Wu highlights her legislative achievements during her 412-day tenure in the Legislative Yuan. She proposed 15 bills, hosted five public hearings, and three symposiums. Notable bills include amendments to the Central Bank Act, the Social Medical Development Act, and the Assisted Reproduction Act, reflecting her dedication to improving Taiwan’s financial stability, healthcare system, and reproductive health policies. Wu believes that her policy platform will be built upon these legislative proposals as she prepares for the upcoming televised policy presentation and debate. The vice-presidential TV policy presentation is scheduled for December 22, 2024, while the debate will take place on January 1, 2024, as the 2024 elections approach.
    2023/12/20 18:10
  • Taipei 101 tops city land value chart for 11th Year

    Taipei 101 has maintained its position as the highest-valued land in Taipei for the 11th consecutive year, with an estimated value of NT$2,001,000 per square meter. This equates to approximately NT$6.615 million per ping, a traditional Taiwanese unit of area. Cathay Landmark Plaza follows closely behind, achieving record-high office rental prices and a land value of NT$1,920,000 per square meter or roughly NT$63.47 million per ping. Shin Kong Life Tower, another prominent structure in Taipei’s skyline, claims the third-highest land price at NT$1,904,000 per square meter, equivalent to about NT$62.94 million per ping. Land values in Taipei have been steadily rising for six years, although the rate of increase in 2023 appears to be slowing down. Taipei’s property value growth is considered the most stable among Taiwan’s six special municipalities, with a yearly increase of 1.37% in housing prices and a 0.48% rise in the land price index, according to the Ministry of the Interior’s latest housing price index.
    2023/12/20 17:07
  • President thanks legislators for 2024 budget approval

    President Tsai Ing-wen expresses gratitude to lawmakers for passing the central government’s record-high budget for 2024, highlighting achievements in salary increases, tax cuts, and welfare improvements. The budget prioritizes social welfare, with a significant increase in long-term care funding. Education, science, and culture spending also receive attention, including a plan to reduce private university tuition fees. The national defense budget reaches a historic high, and efforts towards achieving ’net-zero emissions by 2050’ are emphasized. The administration has successfully reduced debt and improved fiscal discipline, with the debt repayment next year reaching a 23-year high. Taiwan’s overall economic scale has grown under President Tsai’s leadership, with GDP expected to exceed NT$23 trillion this year.
    2023/12/20 15:47
  • Eslite Xinyi store sets new visitor record ahead of closure

    Eslite Xinyi Store, an iconic cultural institution in Taipei, set a new record with 53,000 visitors in a single day, surpassing New Year’s Eve crowds. The 18-year-old bookstore is closing its doors on December 24th, prompting a "Farewell Tour" exhibition showcasing its most-sold books and precious images. A final celebration on the closing day will feature a dance act by Billy Chang, an outdoor farewell concert with renowned artists, and a countdown with Chairman Wu Min-chieh. The legacy of the 24-hour bookstore will continue at Eslite Songyan Store, tripling its book volume, offering over 100,000 products, and introducing cultural spaces like a record store, cinema, performance hall, art gallery, and wine cellar.
    2023/12/19 15:13
  • Tai Tzu-ying clinches 4th BWF title, defeats Carolina Marin

    Taiwan’s badminton star, Tai Tzu-ying, secures her fourth BWF World Tour Finals title by triumphing over former world number one, Carolina Marin of Spain. In a thrilling finale, Tai showcases her resilience and talent, overcoming a deficit in a previous match and staging an incredible comeback victory. Despite losing the first set, Tai’s determination remains unwavering, leading to a 21-14 win in the second game. With a final game score of 21-18, Tai emerges as the champion, etching her name in history. This year’s BWF World Tour Finals also featured a record-setting total prize money of approximately NT$79.43 million.
    2023/12/18 20:56
  • Tai Tzu-ying stages epic comeback to reach BWF Finals

    Taiwanese badminton player Tai Tzu-ying stages an incredible comeback to secure a spot in the finals of the Badminton World Federation (BWF) World Tour Finals, defeating South Korea’s An Se-young. Despite trailing 10-19 in the deciding game, Tai mounts a remarkable 12-1 run to clinch victory after a grueling 72-minute match. Tai attributes her success to perseverance rather than any special strategies. Despite still recovering from an injury, she is determined to be fully prepared and patient for the final match against Spain’s Carolina Marin. This will be Tai’s fourth career gold if she triumphs, and it promises to be an intense showdown given their balanced record of 11 wins each in their 22 previous encounters.
    2023/12/18 20:29
  • Record 28,000 runners brave cold at Taipei Marathon

    The Taipei Marathon took place on a chilly morning with a record-breaking turnout of around 28,000 runners, including an 80-year-old man. Ethiopian runners, Dechasa Alemu Moreda and Obse Abdeta Deme, won the men’s and women’s marathon categories with impressive times of 2:11:56 and 2:27:12, respectively. Taiwanese runners, Chiang Chieh-wen and Chen I-ning, claimed the national titles with finishing times of 2:22:29 and 2:56:37. This year’s marathon set records for the highest number of participating countries, with runners from 62 nations, and the largest ever runner participation, nearing 30,000 entrants. Kenyan athlete, Lani Kiplagat Rutto, who narrowly missed the championship last year, returned but fell short once again.
    2023/12/18 20:06
  • 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
  • Tainan’s Garden Night Market earns five-star recognition

    Tainan’s Garden Night Market has been recognized as the only five-star night market in southern Taiwan, according to the Ministry of Economic Affairs. Tainan Mayor Huang Wei-che praised the city’s street food, which has contributed to its reputation as a food capital and attracted admiration from consumers both domestically and internationally. With the support of the Tainan City Government Economic Development Bureau and the efforts of market vendors, Tainan has received the highest rating of 1465 stars in the MOEA ratings, surpassing all other cities in Taiwan. The Flowers Night Market in Tainan’s north district is one of only two new entries in the prestigious five-star market category across the island. The Economic Development Bureau mentioned that the record number of five-star awards this year indicates the effectiveness of the incentive system in motivating markets and vendors. In anticipation of Tainan’s 400th anniversary, the local Bureau plans to expand the awards to include four-star markets and notable vendors next year, inviting entrepreneurs to join in celebrating the city’s rich history.
    2023/12/12 18:45
  • EVA profits soar as pilot wages lag, union plans strike

    The Taoyuan Union of Pilots (TUP) has revealed that EVA Airways pilots have experienced a more than 10% decrease in real wages since 2011, resulting in a nearly 10% loss of the national pilot workforce. TUP accuses EVA of collaborating with illegal brokers to recruit foreign pilots, potentially jeopardizing flight safety. EVA pilots have unanimously passed a resolution to proceed with a strike vote, with details to be announced soon. Despite EVA’s record-high pre-tax profit, pilot wages have been frozen since 2011. Last year, pilot salaries were marginally adjusted, failing to keep up with the rising Consumer Price Index, resulting in a real wage decrease of 10% to 12%. The per diem for pilots, unchanged for 30 years, saw a minimal increase last year. Over a hundred national pilots, mostly experienced, have left EVA in the past year. The union criticizes EVA for cost-cutting measures that have led to staff resignations and safety incidents. They are urging the Ministry of Transportation and Communications to intervene and are planning a potential legal strike.
    2023/12/12 13:36
  • Taiwan captures 400 iguanas overnight, sparks online buzz

    A story about the capture of a record number of 400 green iguanas in southern Taiwan has sparked online discussion. One photo, in particular, shows a green iguana kneeling before a Mazu temple in Neipu, Pintung, leading to humorous comments suggesting the iguana was "applying to be a divine steed." Experts clarified that while green iguanas pose no threat to humans, they do cause problems for farmers by nibbling on crops. To protect local agriculture, the government has intensified measures to remove these non-native creatures and maintain ecological balance.
    2023/12/11 21:20
  • NDC Minister eyes swift ECA with Australia for energy ties

    Taiwan’s National Development Council Minister, Kung Ming-hsin, expressed the hope for Taiwan to swiftly sign an Economic Cooperation Agreement (ECA) with Australia. In his speech, he emphasized the potential for collaboration in the hydrogen energy sector to boost industrial development between the two countries. Kung, on behalf of Taiwan’s government, accepted the official release of the 2023 White Paper by the Australia New Zealand Chamber of Commerce (ANZCHAM). He highlighted the record high trade of US$34.08 billion among Taiwan, New Zealand, and Australia last year. Kung also emphasized Australia’s crucial role as a major supplier of energy and agricultural products for Taiwan, emphasizing the complementarity between their economic industries. He mentioned Taiwan’s involvement in offshore wind financing operations with the Macquarie Group and its target of 10% of its energy mix coming from hydrogen, particularly green hydrogen, illustrating the potential for energy cooperation with New Zealand and Australia.
    2023/12/07 20:42
  • NTNU announces record 56-day winter break for students

    National Taiwan Normal University (NTNU) students are set to enjoy an unprecedented winter break lasting 56 days, from December 25 to February 18, the longest in the institution’s history. This extended vacation period aligns with the academic schedules of several countries, allowing international students to return home for Christmas. Other universities, such as National Taiwan University (NTU) and National Taiwan University of Science and Technology (Taiwan Tech), also begin their winter breaks on December 25. NTU’s break will last until February 6, while Taiwan Tech has added 10 extra days, ending on February 16. During this winter break, Taiwan High Speed Rail Corporation is offering discounted tickets to university students, with discounts of 50%, 75%, and 88% available from January 4 to January 10. Additionally, there are 28 train services providing tickets at 50% off. The upcoming 2024 presidential election in Taiwan, taking place on January 13, is also on students’ minds, as it coincides with their winter break, potentially facilitating greater voter participation among the youth demographic.
    2023/12/07 20:35
  • Taiwan sees third lowest November rainfall days since 1951

    Taiwan experienced its third lowest average rainfall days for November since records began in 1951, with only 5.9 rainy days last month, according to the Central Weather Administration (CWA). The CWA’s climate review highlighted fluctuating cold and warm temperatures, with isolated showers occurring mainly on the windward sides of the eastern and northern parts of Taiwan. The average monthly temperature was normal at 23.0 degrees Celsius, slightly above the climate average of 22.7 degrees. Taiwan’s cumulative rainfall also fell well below the climatic average of 110.6 millimeters, with only Keelung reaching 90% of its climatic value for rainfall. The Taitung, Pengjia Islet, Hsinchu, and Hengchun stations all reported record lows or near-record lows for rainy days in November. This data from the CWA highlights the variability of precipitation patterns and their potential impact on the region’s climate.
    2023/12/06 20:28
  • FSC head touts domestic impact on Taiwan stock market

    The Financial Supervisory Commission (FSC) Chairman, Huang Tien-mu, addressed questions from Kuomintang Legislator Lin Te-fu about Taiwan’s stock market. Huang emphasized the significant role of domestic funds and corporations in driving market momentum, despite the heavy presence of foreign capital. While foreign capital makes up around 40% of the market value, it accounts for only 30% of regular stock volume. Huang stated that this indicates the considerable impact of internal funds and corporations on the market. Huang also highlighted a record inflow of foreign investment in November 2022, with overseas investors injecting over NTD $350 billion into the Taiwanese market. He attributed this surge in foreign investment to cooling inflation rates in the United States and a retreat from the highs of U.S. national debt yields. Huang argued that confidence in Taiwan’s robust economic fundamentals and attractive yield rates has led to increased foreign investment trust in Taiwan’s stocks. He further emphasized that the sustained influx of ’hot money’ into Taiwan indicates substantial interest from both foreign and local investors. This interaction underscores the FSC’s recognition of diverse investment sources in strengthening the Taiwanese stock market and suggests a cautiously optimistic outlook for continued investment in the island’s economic landscape.
    2023/12/06 20:26
  • Legislative Yuan reviews Assisted Reproduction Act

    The Legislative Yuan’s Social Welfare and Environmental Hygiene Committee reviewed proposed amendments to the Assisted Reproduction Act, including one that would allow a surviving spouse to use embryos for having children after the death of their partner. The Ministry of Health and Welfare is considering expanding the legislation to include same-sex couples, single individuals, and surrogate pregnancies. Minister of Health and Welfare Hsueh Jui-yuan suggested a public hearing to gather feedback due to the ethical, legal, and child welfare considerations involved. The current law only permits assisted reproduction for married couples, excluding single women and lesbian couples. Taiwan also does not currently recognize surrogacy as legal, creating unresolved issues regarding the parental status of children born through such arrangements. The debate reflects the government’s attempt to address societal changes and demographic challenges, particularly concerns about population decline.
    2023/12/04 21:39
  • Taiwan exports to hit US$400B, third-highest on record

    Taiwan’s exports for 2023 are projected to exceed US$400 billion, making it the third-highest on record. Minister of Finance Chuang Tsui-yun expressed confidence in the sustained positive trend, with monthly exports in the fourth quarter expected to surpass US$30 billion each. The country has accumulated US$355.1 billion in export figures for the first ten months, putting it on track to achieve the forecast. Year-end stockpiling needs, emerging technologies, and opportunities in artificial intelligence contribute to cautious optimism for November and December’s export performance. Taiwan’s full-year exports are anticipated to trail behind the US$446.4 billion seen in 2021 and the US$479.4 billion in 2022. Since 2017, Taiwan’s annual exports have consistently surpassed US$300 billion, a significant increase from the figures prior to 2016. The Directorate General of Budget, Accounting, and Statistics forecasts a 6.3 percent export growth rate for the coming year.
    2023/12/04 20:31
  • 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
  • Taiwan’s 2023 exports on track to hit US$400B milestone

    Taiwan’s Finance Minister, Chuang Tsui-yun, projects that Taiwan’s total export value for this year will exceed US$400 billion, marking the third-highest record in Taiwan’s history. The nation’s exports for the first ten months of the year have already reached US$355.1 billion. Despite a slight decline in October, Taiwan’s export sector has shown signs of resilience, with positive growth in September. Chuang advises industry leaders and government departments to closely monitor global economic factors, such as inflation and the interest rate hike cycle, which may impact exports. Cautious optimism is emphasized for exports in the fourth quarter and beyond.
    2023/12/04 14:03
  • Taipei launches Christmas festivities in Xinyi District

    Experience the festive spirit at the "2023 Taipei Xmas" event in Xinyi District! With a record-breaking 55 large-scale Christmas decorations and 12 pedestrian overpass illuminations, this year’s event is bigger than ever. The Taipei City Office of Commerce has collaborated with 15 major department store operators to create a dazzling display of over 80 Christmas decorations. Taipei Mayor Chiang Wan-an hopes that this event will become an iconic celebration in the future. Don’t miss the novel pop-up Christmas event, held every Friday through Sunday, and be sure to snap a photo with the stunning golden Christmas tree that has become a popular backdrop for photos and social media check-ins.
    2023/12/02 18:32
  • Aviation industry faces labor shortage amid travel boom

    This article explores the surge in air travel demand leading to a record number of aircraft orders for Airbus, EVA Air’s major purchase of Airbus aircraft, the challenges in pilot training, and innovative solutions from a Taiwanese university.
    2023/11/29 16:02
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