Economy in Taiwan Area
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TAIWAN AREA, 2017/07/29
Taiwan's economic increase continued strong in the second quarter, albeit at a slower pace, official figures showed Friday.
Gross domestic product grew 2.1 % year-on-year next a 2.60 % increase in the previous quarter. Economists had expected 2.2 % expansion.
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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TAIWAN AREA, 2015/11/15
Whoever becomes president next year will be faced with the major task of improving Taiwan's economy. But it will not be enough for him (or additional likely her) approaching up with only short-term fixes to boost exports or domestic purchases; the country needs a new direction for long-term economic development.
Taiwan managed to transform itself into a powerhouse in the world data technology (IT) industry next correctly identifying it as the next backbone of the country's economy in the 1980s.
Taiwan remains a powerhouse in the IT industry, dominating some of the semiconductor sectors. Its makers collectively still manufacture some 80 % of world's notebook PCs.
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TAIWAN AREA, 2015/08/26
The chief of Taiwan's leading representative of industries stated yesterday that a return to the predicament of "unpaid work leave" was a possibility due to current economic uncertainties.
Rock Hsu (許勝雄), chairman of the Chinese National Federation of Industries (CNFI) said that whether employees face layoffs or retain their positions without paid work leave was a reflection upon industrial competitiveness and the in general market environment.
He said if Taiwan possessed the means of improving and attracting additional investment , "our concerns would be lessened." The CNFI, which claims to represent the voice of leading Taiwanese industries, has often called on the government to lower barriers to investment and increase government efficiency. Hsu blasted the government for implementing "half measures" while lacking the administrative resolve to implement countermeasures against the gloomy economic environment. He as well called on the government to encourage Taiwanese businesses based internationally to re-base themselves on the island and to make it easier for businesses to get around existing land and labor regulations.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
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MYANMAR, 2013/08/28
Myanmar is part the locations being looked at as a new source of foreign labor, however there is no timetable for recruitment, Bureau of Employment and Vocational Training (BEVT) Director-General Lin San-quei (林三貴) said yesterday.
The comments came next reports that the bureau, which is under the Council of Labor Affairs (CLA), will begin recruiting workers from Myanmar in 2014.
Lin said that Taiwan has been experiencing industrial shift in the completed few years, resulting in growing request for foreign labor. In light of a potential shortage in this area, the bureau is looking for new sources, inclunding in Sri Lanka, Myanmar and Thailand.
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TAIWAN AREA, 2013/08/28
Taiwan's in general monitoring indicator dropped 3 points to 20 in July and flashed a “yellow-blue” signal, signifying an economy transitioning from sluggish to stable, according to a statement released yesterday by the Cabinet's Council of Economic Planning and Improvment(CEPD, 經建會).
CEDP Department of Economic Research Director-General Hung Jui-bin (洪瑞彬) said that the indicator showed that “the economy lacks recovery momentum.”
In June, the in general monitoring indicator flashed a “green” signal, signifying a stable economy. Before June, the indicator had flashed yellow-blue signals for nine consecutive months.
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TAIWAN AREA, 2013/03/12
Taiwan\'s GDP is likely to grow by 4 % this year and unemployment decline to below 4 %, Council for Economic Planning and Improvment(CEPD) Minister Kuan Chung-ming (管中閔) said yesterday at the Legislative Yuan.
Kuan said he remains very optimistic regarding economic increase for this year. The country\'s economy will not be influenced by the decommissioning of nuclear power plant Nos. 1, 2 and 3 formerly 2015, he said.
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TAIWAN AREA, 2012/12/11
Taiwan's merchandise exports increased at significantly slower rate than expected by economists in November, data released by the Ministry of Finance showed Friday.
Total Exports increased 0.9 % on an annual basis to $24.89 billion in November, markedly slower than the 7.8 % gain economists had estimate.
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TAIWAN AREA, 2012/12/07
Taiwan's merchandise exports increased at significantly slower rate than expected by economists in November, data released by the Ministry of Finance showed Friday.
Total Exports increased 0.9 % on an annual basis to $24.89 billion in November, markedly slower than the 7.8 % gain economists had estimate.
