Industry

Taiwan Power Co. Seeks Approval for 6% Electricity Rate Increase

Taipei: An internal report from state-owned Taiwan Power Co. (Taipower) has revealed that the company is seeking the government’s approval to raise electricity rates by almost 6 percent on average. This move aims to mitigate significant financial loss…

China Sends 59 Warplanes and 9 Vessels Near Taiwan

Taipei: China sent 59 warplanes and nine vessels in Taiwan’s vicinity on Monday after a few days of relative calm, the Ministry of National Defense (MND) said Tuesday. Of those aircraft, more than two dozen crossed the median line of the Taiwan Strait…

Taiwan Shares Close Higher by 0.69%

Taipei: Taiwan shares closed up 153.04 points, or 0.69 percent, at 22,271.67 Tuesday on turnover of NT$273.99 billion (US$8.30 billion).

According to Focus Taiwan, the trading session saw a positive performance, reflecting investor confidence in the…