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
Taipei: Taiwan shares closed nearly 300 points lower Monday as concerns over overstretched AI valuations triggered heavy selling in the bellwether electronics sector, pulling the broader market into negative territory. The Taiex, the Taiwan Stock Exchange’s benchmark index, ended down 283.95 points, or 1.03 percent, at the day’s low of
Pingtung county: Thunder Tiger Group, a Taiwanese drone manufacturer, announced it simultaneously operated six SeaShark unmanned surface vessels (USV) from a single control station during a sea trial late last month, marking a significant milestone in Taiwan’s unmanned vessel development. According to Focus Taiwan, the Taichung-based company revealed in a
New taipei: New Taipei Mayor Hou Yu-ih on Monday announced that the city will hold the contractor involved in a Tamsui District road project accountable after a burst pipe resulted in a water outage affecting approximately 62,000 households for more than three days. According to Focus Taiwan, Mayor Hou addressed
Taoyuan: Taoyuan Airport’s under-construction Terminal 3 welcomed its first passengers Monday, as its north concourse began trial operations with the departure of three flights. A total of 968 passengers boarded flights to Sapporo, Japan, operated separately by China Airlines and EVA Air, and a Starlux Airlines service to Bangkok, Thailand.
Taipei: Over 13,000 packs of frozen tilapia fillets containing a banned veterinary drug have been sold across Taiwan, according to a statement from supermarket chain PX Mart. The revelation came after health authorities discovered traces of enrofloxacin, a prohibited substance for aquatic products, in a batch of the fillets. According
