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Taiwan’s inflation rate reaches 3.38% in April

TAIPEI (Taiwan News) — Taiwan’s inflation rate surged to 3.38% in April, its highest rate in more than nine years, the government announced Friday (May 6). The rising cost of eating out...

Taiwan workers paid average year-end bonus of NT$71,968

TAIPEI (Taiwan News) — Employees received an average year-end bonus of over NT$70,000 (US$2,400) for their work in 2021, with those working in shipping receiving the biggest payout, according to...

Taiwan's misery index to surpass 6% in 2022: Budget chief

TAIPEI (Taiwan News) — As commodity prices continue to rise, Taiwan expects its misery index to exceed 6% this year. Chu Tzer-ming (朱澤民), head of the Directorate General of Budget, Accounting...

Taiwan’s February unemployment rate rises to 3.65%

TAIPEI (Taiwan News) — Taiwan’s unemployment rate rose slightly in February to reach 3.65% due to the annual phenomenon of employees looking for a new job around the Lunar New Year period,...

Taiwan’s economy likely grew by higher-than-expected 6.28% in 2021

TAIPEI (Taiwan News) — The economy likely grew at a higher-than-expected rate of 6.28% in 2021, the most in 11 years, because of a surge in GDP during the final quarter, the government said Thur...

Taiwan inflation rate reaches highest level in 13 years

TAIPEI (Taiwan News) — The rise in the Consumer Price Index (CPI) reached 1.96% in 2021, its highest level since 2009, but still below the psychological barrier of 2%, the government announced T...

Taiwan’s November unemployment rate lowest in 20 years

TAIPEI (Taiwan News) — Taiwan’s unemployment rate fell in November to 3.66%, the lowest level for that month since 2001, reports said Wednesday (Dec. 22). The figure also marked the fif...

Taiwan raises 2021 economic growth forecast to 6.09%

TAIPEI (Taiwan News) — The government has raised its forecast for economic growth this year to 6.09%, which would amount to the highest level in 11 years, reports said Friday (Nov. 26). In Oc...

Taiwan Cabinet approves additional defense budget for more weapons systems

TAIPEI (Taiwan News) — The Cabinet on Thursday (Nov. 25) approved an additional defense budget of NT$237.3 billion (US$8.53 billion) to buy missiles and ships in an effort to counter China&rsquo...

Taiwan's economic growth for 2021 hits 6%

TAIPEI (Taiwan News) — Taiwan’s gross domestic product is likely to expand by 6.01%, as the economy grew by an estimated 3.8% during the third quarter, the government said Friday (Oct. 29)...

Government says profiteering will not be tolerated as inflation climbs

TAIPEI (Taiwan News) — Premier Su Tseng-chang (蘇貞昌) has warned against profiteering as prices continue to climb. The Legislative Yuan convened for a meeting on the issue on Thursday (Oct. 21)...

IMF revises Taiwan’s GDP forecast to 5.9% for 2021

TAIPEI (Taiwan News) — The International Monetary Fund (IMF) has forecast Taiwan’s gross domestic product (GDP) to grow by 5.9% this year. The IMF revised its previous 2021 GDP forecast...

Taiwan sees its first-ever decline in working-age population

TAIPEI (Taiwan News) — Amid the aging of its population, Taiwan saw the number of working-age citizens decline for the first time in 2020, reports said Wednesday (Sept. 1). Census figures sho...

Average family income in Hsinchu topped NT$1.6 million last year, behind only Taipei

TAIPEI (Taiwan News) — The average household incomes for both Hsinchu City and Hsinchu County passed the NT$1.6 million (US$55,172) mark in 2020, trailing only Taipei, which stood at NT$1.72 mil...

Taiwan government raises 2021 GDP growth forecast to 5.88%

TAIPEI (Taiwan News) — Taiwan's economy will grow by 5.88% in 2021, its fastest pace in 11 years, the government said Friday (Aug. 13). The previous forecast by the Directorate General fo...