Taipei: Taiwan’s foreign exchange reserves reached a record high at the end of April as the central bank intervened in the forex market to purchase U.S. dollars, thereby limiting the appreciation of the Taiwan dollar, the bank announced on Tuesday. According to Focus Taiwan, data from the central bank indicated

Taipei: A bill proposed by Taiwan’s main opposition party, the Kuomintang (KMT), aims to mitigate the impact of U.S. tariffs on the Taiwanese economy through cash handouts to citizens. According to Focus Taiwan, the KMT’s legislative caucus revealed the bill during a news conference in Taipei. The bill proposes the

Taipei: China’s approach to Taiwan is unlikely to shift despite remarks labeled as “provocative” by Taiwanese President Lai Ching-te, as Beijing’s actions are primarily guided by President Xi Jinping’s goal of unification, rather than rhetoric from Taipei, scholars revealed on Tuesday. According to Focus Taiwan, scholars emphasized that the tension

Taipei: Taiwan’s Central Bank announced on Tuesday that it will initiate special inspections into the local banking sector to deter speculators from targeting the foreign exchange market and to mitigate volatility following a recent rapid appreciation of the Taiwan dollar against the U.S. dollar. Speaking with reporters, Tsai Chiung-min, head