July 22, 2026

Taiwan Shares Close Up 1.34% as Market Gains Momentum

Taipei: Taiwan shares ended up 592.91 points, or 1.34 percent, at 44,825.78 Wednesday on turnover of NT$982.65 billion (US$30.38 billion).

According to Focus Taiwan, the market experienced a significant rise, with shares closing higher. The day’s tr…

CIER Raises Taiwan’s 2026 GDP Growth Forecast to 10.35%

Taipei: The Chung-Hua Institution for Economic Research (CIER) on Wednesday raised its 2026 economic growth forecast for Taiwan to 10.35 percent, citing stronger-than-expected exports driven by artificial intelligence (AI) demand and resilient domesti…

Retired Navy Official Detained on Suspicion of Corruption

Taipei: A retired Navy rear admiral surnamed Shih was ordered detained on Tuesday on suspicion of helping a solar power company secure a NT$50 million (US$1.55 million) government contract while serving as commander of the Navy’s Zuoying Logistics Sup…

Potential Tropical Storm Could Affect Taiwan by the Weekend: CWA

Taipei: A tropical system on waters east of the Philippines could strengthen into a tropical storm as early as Thursday, which could affect Taiwan’s coastal waters by the weekend, the Central Weather Administration (CWA) said Wednesday.

According t…