Business
Taiwan’s Manufacturing Sector Faces Slower Growth in December Amid Economic Uncertainty
Taiwan’s manufacturing expansion slowed in December, with the PMI indicating cautious growth due to global uncertainties. Employment and supplier deliveries rose, but the business outlook remained negative amid trade concerns.
Business
Taiwan Economics Minister Advocates for Stronger Industrial Ties with Germany and Czechia
Taiwan's Economics Minister Kuo Jyh-huei advocates for industrial cooperation with Germany and Czechia, highlighting Taiwan’s role in global supply chains and its expanding presence in Europe.
Business
Taiwan Legislature Approves Landmark Amendment to Local Government Funding Allocation
Taiwan's legislature has approved major amendments to local government funding allocation, granting an additional NT$375.3 billion to local authorities. The move promises to enhance local infrastructure and public works but has sparked concerns over fiscal discipline.
Business
Taiwan’s Export Orders Continue Growth for Ninth Consecutive Month, Reaching US$52.27 Billion in November
Taiwan’s export orders reached US$52.27 billion in November, marking the ninth consecutive month of growth. Strong demand in AI, electronics, and cloud computing led to the 3.3% increase compared to last year.
Business
Taiwan Cabinet Introduces Investment Tax Credit for AI and Carbon Emissions Reduction
Taiwan's Executive Yuan approves tax credits for AI and carbon emissions technologies, boosting innovation and sustainability. The proposal includes investment incentives and stricter overseas investment regulations.
Business
Central Bank Upgrades Taiwan’s 2025 GDP Growth Forecast to 3.13%
Taiwan's Central Bank has raised its GDP growth forecast for 2025 to 3.13%, driven by strong global demand for AI technologies and government wage hikes. Full economic outlook for 2024 and 2025 provided.
Business
Hon Hai Negotiates with Renault to Acquire Stake in Nissan Motor: Sources
Hon Hai (Foxconn) is in talks with Renault to acquire its controlling stake in Nissan Motor as part of its push into the electric vehicle market. The deal could reshape the global automotive landscape.
Business
Taiwan Central Bank Maintains Interest Rates Steady for Third Consecutive Quarter
Taiwan's Central Bank maintains interest rates steady for the third consecutive quarter amid global economic fluctuations. The decision aims to balance local inflationary pressures and economic stability.
Business
Wowprime Announces Salary Increases for Employees: Up to 7% Raise for Full-Time Workers
Wowprime announces wage increases for full-time and part-time employees, with up to a 7% raise starting January 1, 2025, and plans to recruit 1,200 new workers next year.
Business
Infineon Strengthens Semiconductor Ties with Taiwan: Opens New Kaohsiung Office
Infineon Technologies opens a new office in Kaohsiung, Taiwan, enhancing partnerships with local IC suppliers and driving innovation in semiconductor technologies.
Business
Taoyuan Airport on Track to Set New Record for Transit Passengers in 2024
Taoyuan International Airport is on track to break its transit passenger record in 2024, with over 3.1 million people passing through, showing significant recovery and growth for the Taiwanese aviation sector.