General

Taiwan Congratulates St. Lucia’s Prime Minister on Election Victory

Taipei: The Taiwan government on Tuesday congratulated St. Lucian Prime Minister Philip J. Pierre and his ruling Labour Party (SLP) on securing a majority in Monday’s general election, putting Pierre on course for another term in office. Voters in the Caribbean nation elected all 17 members of the House of

Manufacturing Sector Reports Sluggish Growth for Second Straight Month

Taipei: The local manufacturing sector reported sluggish growth for the second consecutive month in October, as export orders and industrial production growth showed signs of moderating, the Taiwan Institute of Economic Research (TIER) said Monday. According to Focus Taiwan, TIER’s composite index, which measures the sector’s overall health, fell 1.03

Taiwan Courts Japan’s Ayumi Hamasaki After Singer Snubbed by Shanghai

Taipei: Taipei and Kaohsiung have extended an open invitation to Japanese pop star Ayumi Hamasaki after Chinese authorities abruptly canceled her scheduled concert in Shanghai. Hamasaki, 47, had been slated to perform Saturday before organizers pulled the show at the last minute, citing “force majeure,” a move widely viewed as

Defense Minister Denies Submarine Tests Endangered Crew

Taipei: Defense Minister Wellington Koo on Monday refuted claims that testing Taiwan’s submarine prototype without its anchor placed the crew in danger or was influenced by pressures to meet a delayed delivery deadline. Koo explained during a legislative session that the Narwhal, or Hai Kun, did not necessitate an anchor

Keelung Fines Taiwan Water Corp NT$500,000 Over Oil-Tainted Tap Water

Keelung: Keelung’s Environmental Protection Bureau (EPB) on Monday fined state-run Taiwan Water Corp. (TWC) NT$500,000 (US$15,905) over an oil spill that contaminated the water supply to over 150,000 households. The city bureau said the fine was imposed under the Drinking Water Management Act for a serious violation that endangered public

Excess Savings in Taiwan Predicted to Hit NT$5 Trillion by 2025 Amid AI Boom

Taipei: Taiwan’s excess savings are predicted to reach a record NT$5.424 trillion (US$172.55 billion) in 2025, driven by economic growth fueled by artificial intelligence (AI) business opportunities, as reported by the Directorate-General of Budget, Accounting and Statistics (DGBAS). According to Focus Taiwan, excess savings represent the difference between a country’s