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Premier Su Tseng-chang (蘇貞昌) yesterday approved relief measures totaling at least NT$60 billion (US$2 billion) for sectors affected by an outbreak of COVID-19 in China, including coupons that can be used at night markets and shopping districts. Relief funds would come in two forms: appropriation from existing budgets of agencies concerned with relief efforts and a planned special budget, which would have a ceiling of NT$60 billion, Executive Yuan spokeswoman Kolas Yotaka said. … If...

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Shelley Rigger, professor of political science at Davidson College, talks about the outcome of Taiwan’s elections. President Tsai Ing-wen of the ruling Democratic Progressive Party won a landslide victory over China-friendly opposition challenger Han Kuo-yu to clinch a second term in elections Saturday. Rigger speaks with Bloomberg’s Stephen Engle on “Bloomberg Daybreak: Asia.” (Source: Bloomberg) Watch video: https://www.bloomberg.com/news/videos/2020-01-13/how-would-tsai-s-election-win-affect-taiwan-china-relations-video?fbclid=IwAR2-aqRxLmrIyww4Y4-m3TWySE2UvyXg-ON1ADo5zN1tGVab2zD0-Wy5vR0

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(Bloomberg) — Investor sentiment toward Taiwan has rarely been this good, with only days to go before its first presidential election in four years. Its financial markets keep hitting new milestones: the Taiwan dollar last week strengthened past 30 per greenback for the first time since June 2018, government-bond yields remain near all-time lows and stocks are inching toward a record after their best year in a decade. While many anticipated Taiwan might get caught...

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… However, Taiwan’s minimum wage has grown faster under Tsai than it did under the country’s previous two leaders. Tsai has pointed out herself that the minimum wage increases she has made over the past three years is “on par with that of the previous government over the past eight years.” Tsai is right. One key reason why Taiwan’s minimum wage stagnated was because her predecessors, Chen Shui-bian (陳水扁) and Ma Ying-jeou (馬英九), allowed it...

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Promising to turn Taiwan into one of Asia’s prime travel destinations in the next 10 years, President Tsai Ing-wen (蔡英文) yesterday said that tourism would become a growth driver for the nation’s economy, generating more than NT$1 trillion (US$33 billion) in output. … As of last week, Taiwan had received 11.11 million international visitors this year, which would be the fifth year that the number of foreign travelers has exceeded 10 million, Tsai said. The...

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Over the past few months, the Chiayi District Prosecutors’ Office has stepped up its investigation into underground money transfer and remittance services that were allegedly provided by Wu Cheng-lin (吳承霖), a former chairman of the parents’ association at an elementary school in Chiayi City, and someone who often donated money for construction projects at the school. Wu and his wife, Chen Wen-jui (陳玟叡), who have achieved success in the plastic materials business in China and...

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… Data compiled by the DGBAS showed regular monthly wages for October averaged NT$42,060 (US$1,392), up NT$831 or 2.02 percent from a year earlier, compared with a 1.72 percent increase in September, the slowest growth since May 2017 when regular wages grew 1.59 percent. Market analysts said the latest average regular wage growth indicated the local job market remains stable at a time when labor demand was still solid despite unfavorable global trade issues. However,...

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Taiwan’s gross domestic product grew 2.99 percent in the third quarter of the year, 0.32 of a percentage point above the August forecast, according to the Directorate-General of Budget, Accounting and Statistics Nov. 29. The better-than-expected performance is largely due to robust external and domestic demand, the DGBAS said. … Read full article here: https://www.taiwantoday.tw/news.php?unit=6&post=167001&unitname=Politics-Top-News&postname=GDP-growth-hits-2.99-percent-in-Q3-for-Taiwan

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Economists often say there are no winners in a trade war, but that’s not entirely accurate. A recent report by the United Nations Conference on Trade and Development (UNCTAD) says that Taiwan is gaining the most “trade diversion effects” with a windfall of $4.2 billion, which is higher than any other market. Taiwan gained the most business in office machinery and communication equipment, the U.N. trade and investment agency says. Office machinery including tech hardware...

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A total of NT$703.4 billion (US$23.06 billion) in homebound investment has been pledged year to date by 156 Taiwan-owned companies operating in China, according to InvesTaiwan Nov. 28. This commitment is forecast to create 56,000-plus new jobs in manufacturing sectors under strategic government promotion, the interministerial organization overseen by the Ministry of Economic Affairs said. Such strong numbers exceed targeted projections and reflect confidence in Taiwan’s business climate, as well as the effectiveness of related...