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  • Directory of Taiwan

Taiwan’s GDP growth to benefit manufacturing sector first

TAIPEI (Taiwan News) — As Taiwan’s rapid GDP expansion is rooted in the manufacturing sector, residents working in the larger services sector will feel the benefits of the growth much late...

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'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)...

Think tank raises Taiwan GDP growth forecast to 5.84%

TAIPEI (Taiwan News) — Taiwan’s Gross Domestic Product (GDP) is likely to expand by 5.84% this year instead of by the 5.16% forecast three months ago, the Chung-Hua Institution for Economi...

Taiwan to raise minimum wage by up to 6% next year

TAIPEI (Taiwan News) — The Ministry of Labor and Ministry of Economic Affairs are both indicating that Taiwan will raise the minimum wage next year, possibly by up to 6%. The Minimum Wage Rev...

Some Apple, Tesla suppliers suspend production in China amid power pinch

Sept 27 (Reuters) - Several Apple Inc (AAPL.O) and Tesla Inc (TSLA.O) suppliers have suspended production at some Chinese factories for a number of days to comply with tighter energy consumption polic...

CPTPP membership would add 2% to Taiwan’s economic growth

TAIPEI (Taiwan News) — Membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade group would add 2% to Taiwan’s annual economic growth rate but ...

ADB raises Taiwan growth prediction to 6.2% for 2021

TAIPEI (Taiwan News) — While the Asian Development Bank (ADB) trimmed its forecast for Asia’s overall economic growth to 7.1% for this year, it nevertheless raised its growth prediction fo...

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...

Damage to Taiwan’s economic growth minimal if COVID surge contained by late June

TAIPEI (Taiwan News) — If the current COVID-19 surge is contained by the end of June, economic growth will only be 0.16 percent less than originally predicted, the National Development Council (...

UN raises global economic forecast to 5.4% growth in 2021

UNITED NATIONS (AP) — The United Nations on Tuesday responded to the rebounding Chinese and U.S. economies by revising its global economic forecast upward to 5.4% growth for 2021, but it warned that s...

Taiwan is sovereign state, not subordinate to China: VP Lai Ching-te

TAIPEI (Taiwan News) — Amid escalating aggression from China in the region, Taiwanese Vice President Lai Ching-te (賴清德) emphasized on Sunday (April 25) that Taiwan is a sovereign state and that ...

Domestic demand, exports to drive Taiwan’s economic growth above 5%

TAIPEI (Taiwan News) — Based on domestic demand and exports, the Taiwan Institute of Economic Research (TIER) has predicted the country’s economy will grow by more than 5 percent this year...

Taiwan revises economic growth for 2021 to highest level in 7 years

TAIPEI (Taiwan News) — Taiwan’s economy is on course to expand by 4.64 percent during 2021 despite the COVID-19 pandemic, its highest growth level in seven years, the government said Satur...

Portuguese newspaper praises Taiwan's democracy, pandemic-prevention efforts

TAIPEI (Taiwan News) — Diary of the Azores (Diário dos Açores), the largest newspaper in the Portuguese archipelago of the Azores, on Saturday (Feb. 13) praised Taiwan for its 2020...