The Ministry of Economic Affairs announced that the government will continue to requisition eight million surgical face masks per day until the end of July, despite the coronavirus situation easing off here in Taiwan.
Minister without Portfolio Audrey Tang is encouraging the public to pre-order their government-issued stimulus vouchers and to choose the digital format if possible to avoid long lines when they are made available from tomorrow.
Taiwan's minister of the Ministry of Economic Affairs (MOEA) Wang Mei-hua is seeking to play down reports that Taiwan's leading semiconductor manufacturers could build new plants in Europe.
Taiwan's industrial production increased for the eleventh consecutive month by 9.9% in December and 6.8% for the full year, according to a report by the Ministry of Economic Affairs (MOEA).
Congratulatory message from Shen Jong-chin, Minister, Ministry of Economic Affairs
The Ministry of Economic Affairs says the island's food and beverage industry had its worst sales month in April since November of 2014, as more consumers opted to stay at home and eat due to concerns about the coronavirus.
Taiwan's industrial production index increased 3.51% in April 2020 compared with the same month in 2019. According to a report by the Ministry of Economic Affairs (MOEA), an annual comparison by main industrial division showed that manufacturing increased 4.15%, mining & quarrying increased 21.89%, electricity & gas supply decreased 5.35% and water supply decreased 0.19%.
Taiwan's rigid localisation requirements risk raising costs and slowing development, while belying real opportunities for Taiwanese champions in the global market.
By Tim Ferry
The government is optimistic about Taiwan's economic growth this year. The National Development Council says the Taiwan economy could grow by over 1.8% in 2020, thanks to better-than-anticipated export orders and exports in the fourth quarter.
Taiwan's export orders in January 2021 increased 49.3% to US$52.7 billion year-on-year, according to a report from the Ministry of Economic Affairs (MOEA).
Taiwan's wholesale, retail and food services sales all rose in August compared with the same month in 2019.
Taiwan's industrial production index increased 10.73% in September 2020 compared with the same month in 2019.
Compared with the same month in 2019, sales of wholesale trade in September 2020 increased 8.2% to NT$952.1 billion while retail sales in September 2020 increased 2.9% year-on-year to NT$320.6 billion.
Wholesale, retail and food services sales all fell in May compared to the same month in 2019.
Water conservation efforts and heavy rainfall over the past few days have further eased water shortages in Taiwan, allowing for the lifting of strict water rationing in central and southern Taiwan.
The Chung-Hua Institution for Economic Research (CIER) has raised its forecast for Taiwan's economic growth for 2021 to 5.84%, bringing it more or less in line with the forecast of the Directorate General of Budget Accounting and Statistics, which last raised its forecast to 5.88% on 13 August
Taiwan's export orders in April 2020 increased 2.3% to US$38.53 billion from the same month in 2019, according to a report by the Ministry of Economic Affairs, although, when measured in New Taiwan dollars, given the local currency's appreciation, the report said export orders were approximately NT$1,159.2 billion, which was down 0.3% year-on-year.
The value of export orders placed by foreign companies with Taiwanese businesses in May rose by 34.5% year-on-year to reach NT$52.29 billion, the highest level on record for the month.
Taiwan's export orders set a monthly record high in September 2020, rising by almost 10% from a year earlier, on the back of solid demand for consumer electronics, according to a news report on CNA, citing the Ministry of Economic Affairs (MOEA).
Approved foreign direct investment (FDI) in the first nine months of 2020 has surpassed US$6 billion, according to a report by the Ministry of Economic Affairs' Investment Commission.
Wealth effects from stock market fuel sales
By Matt Kovac
Taiwan's export orders in July rose 6.9% compared with the same month in 2019 when measured in NT dollars.
Taiwan's export orders for the month of March set a new record of US$56.3 billion, 33.3% higher than the same month in 2020, according to a report by the Ministry of Economic Affairs (MOEA).
The government has ordered Taiwan Power Company (Taipower) to submit an improvement plan within a week following supply shortages that have resulted in two large-scale power outages over the past week.
Taiwan's export value in May 2021 was US$37.41 billion, an increase of 38.6% compared to May 2020, according to a summary of trade statistics released by the Bureau of Foreign Trade under the Ministry of Economic Affairs.
Taiwan's Academia Sinica has announced licensing opportunities for rapid screening of the Covid-19 virus antigen.
The Ministry of Economic Affairs (MOEA) is keeping the basic electricity rate at the current price of NT$2.6253 per kilowatt-hour.
Taiwan's convenience store operators continue to innovate and increase the number and range of products and services to their customers
By Mike Jewell
The government says it will provide a one-time grant of NT$10,000 to people not enrolled in social insurance plans as well as to farmers and fishermen who have not qualified for other forms of financial aid.
Healthcare and cosmetic chains will begin selling unrationed surgical masks this week. Prices will range from between NT$5-15.