Taiwan was rated 14th out of 165 countries and territories assessed in the latest Human Freedom Index report jointly released Jan. 26 by Washington-based Cato Institute and Vancouver-based Fraser Institute. On a scale of 0 to 10, where 10 represents th…
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U.S. dollar falls to lowest in over 5 months, dips below NT$30
Amid eased concerns over an aggressive U.S. Federal Reserve, the U.S. dollar fell below the NT$30 mark to its lowest in more than five months against the Taiwan dollar Wednesday, dealers said.After moving between NT$29.940 and NT$30.090, the greenback …
Hon Hai hires ex-Nissan, Nidec executive Seki for EV business
Taiwan-based manufacturing giant Hon Hai Precision Industry Co. said Monday that the company business had recruited former Nissan Motor Co. and Nidec Corp. executive Jun Seki as chief strategy officer for its electric vehicle operations, effective from…
Hon Hai hires ex-Nissan, Nidec executive Seki for EV business
Taiwan-based manufacturing giant Hon Hai Precision Industry Co. said Monday that the company business had recruited former Nissan Motor Co. and Nidec Corp. executive Jun Seki as chief strategy officer for its electric vehicle operations, effective from…
Taiwan’s machinery exports hit new high in 2022
Exports of Taiwan-made machinery rose more than 5 percent in 2022 to hit a record high, though demand started to tail off in the second half of the year, the Taiwan Association of Machinery Industry (TAMI) said Monday.Taiwan’s machinery exports totaled…
People in Taiwan lose NT$1.2 billion to investment scams in Q4 2022
Victims in Taiwan lost NT$1.23 billion (US$40.18 million) to investment scammers in the fourth quarter of 2022, up 70 percent from a year ago, according to Criminal Investigation Bureau (CIB) statistics released Monday.The figure was also up 40 percent…
Taiwan exports hit high in 2022 despite weakness in 2nd half
Taiwan’s exports set records in 2022, rising more than 7 percent from a year earlier, although many Taiwanese exporters fell victim to weakening global demand in the second half of the year, the Ministry of Finance (MOF) said Saturday.Data compiled by …
COST OF LIVING/Taiwan’s 2022 CPI growth hits 14-year high
Taiwan’s Consumer Price Index (CPI) grew at its fastest pace in 14 years in 2022 because of increases in the prices of food, rent and fuel, the Directorate General of Budget, Accounting and Statistics (DGBAS) said Friday.The CPI rose 2.95 percent from …
U.S. dollar closes lower on Taipei forex market
Taipei-The U.S. dollar fell against the Taiwan dollar Thursday, shedding NT$0.004 to close at NT$30.710.Turnover totaled US$837 million during the trading session.The greenback opened at NT$30.700, and moved between NT$30.675 and NT$30.725 before the c…
Taiwan, U.S. to hold 2nd round of trade negotiations Jan. 14-17
Taiwan and the United States are scheduled to hold a second round of negotiations Jan. 14-17 in Taipei on an ambitious 11-area trade initiative with the aim of working toward a trade agreement, the two sides announced Wednesday.The U.S. delegation will…