Taiwan’s exports to be hurt by weak demand amid coronavirus

TAIPEI (Taiwan News) — Taiwan is expected to suffer a drop in exports due to raw material shortages and flagging global demand amid the coronavirus outbreak. Minister of Economic Affairs (MOE...

DGBAS expects a massive budget for combating virus to boost Taiwan’s economic outlook

TAIPEI (Taiwan News) — Directorate-General of Budget, Accounting, and Statistics (DGBAS) Minister Chu Tzer-ming (朱澤民) said on Wednesday (March 4) that Taiwan should be able to maintain a GDP gro...

Taiwan to spend NT$200 million and ramp up mask production to 10 million a day

TAIPEI (Taiwan News) — As the Wuhan coronavirus epidemic continues to escalate around the world, Taiwan Premier Su Tseng-chang (蘇貞昌) has decided to speed up production of surgical and N95 masks ...

Taiwan’s minister of economic affairs discloses priorities

TAIPEI (Taiwan News) — Minister of Economic Affairs Shen Jong-chin (沈榮津) said on Wednesday that his work priorities for this year are to facilitate investment by reshoring Taiwanese businesses a...

Taiwan has enough oil to survive Iran crisis

TAIPEI (Taiwan News) — Despite the confrontation between the United States and Iran, Taiwan has enough oil to last for 128 days, so there is no need for a panic, the Ministry of Economic Affairs...

Int'l workshop co-hosted by Taiwan, US, Japan, Australia opens in Taipei

TAIPEI (Taiwan News) — A regional workshop co-hosted by Taiwan, the United States, Japan, and Australia opened in Taipei on Wednesday (Nov. 20) with a focus on promoting energy governance in the...

Taiwan set to host Indo-Pacific Energy Forum

TAIPEI (Taiwan News) — Taiwan will team up with Japan, Australia, and the U.S. to host the Indo-Pacific Improvement on Energy Governance Forum in Taipei from Wednesday (Nov. 20) through Friday (...

Taiwan targets China's fake 'Made in Taiwan' products

TAIPEI (Taiwan News) — Taiwan will impose heavier penalties on businesses that fake the origin of their products, after an amendment to the Foreign Trade Act was passed at the first reading in t...

Taiwan businesses will still return even if U.S.-China trade war ends: MOEA

TAIPEI (Taiwan News) — Despite rising optimism about an eventual agreement between the United States and China to end the trade war, Economics Minister Shen Jong-chin (沈榮津) believes that Taiwane...

Most Taiwan trade with RCEP already free from tariffs: MOEA

TAIPEI (Taiwan News) – As 15 nations announced that talks about a Regional Comprehensive Economic Partnership (RCEP) had been completed, Economics Minister Shen Jong-chin (沈榮津) said Tuesday (Nov...

Trade war won’t stop global deployment of Taiwan businesses

TAIPEI (Taiwan News) — Minister of Economic Affairs Shen Jong-chin (沈榮津) said on Monday (Oct. 14) that despite the U.S. and China announcing a truce on tariff hikes, global deployment is still t...

13 international companies to invest NT$32 billion in Taiwan

TAIPEI (Taiwan News) – Taiwan’s Ministry of Economic Affairs (MOEA) signed letters of intent (LOI) for investment with 13 international companies worth NT$32 billion (about US$1 billion) o...

Taiwan Taichung power plant could partially suspend operations over pollution

The Taichung City government is considering ordering the Taichung Power Plant to suspend operations of four of its generators after the largest power plant in the country has been repeatedly found to ...

Taiwan to play key role in global 5G supply chain: Economics Minister

TAIPEI (Taiwan News) – The government will turn Taiwan into a key element in the global supply chain for 5G technology through the development of smart semiconductors, Economics Minister Shen Jo...

Siemens Gamesa breaks ground on nacelle factory in central Taiwan

TAIPEI (Taiwan News) — Siemens Gamesa broke ground on its nacelle assembly factory at the Port of Taichung on Monday (Sept. 16). The nacelle assembly facility by Siemens Gamesa Renewable Ener...