Taiwan Economy

Taiwan unveils economic plan as Ma's popularity slumps

Taipei is reflecting on plans to boost the economy after growth slowed to 1.67 per cent in the first quarter after expanding 3.97 per cent in the preceding quarter. Photo: Bloomberg

Taiwan will let insurers invest in infrastructure projects and create a NT$1 billion (HK$260 million) fund to channel money to companies as President Ma Ying-jeou seeks to boost growth and revive his flagging popularity.

Wednesday, 29 May, 2013, 2:51am

Taiwan curbs on the Philippines 'to cost HK$2.3b'

Dozens of New Party members shout anti-Philippine slogans in front of the Philippine trade office in Tapei, Taiwan. Photo: EPA

The sanctions slapped on the Philippines by Taiwan in the escalating row over the shooting of a Taiwanese fisherman are expected to cost Manila an estimated NT$9 billion (HK$2.33 billion) in lost revenue a year, according to Taiwanese officials.

17 May 2013 - 6:53am 2 comments

Tide turns in capital flow

After gaining about 20 per cent from its 2009 low through last year, Taiwan's currency has shed 2.2 per cent this year. Photo: Bloomberg

Taiwan's tycoons are reining in 20 years of expansion on the mainland to invest at home, pressuring the central bank to stem gains in the local currency as strategists see it rising more than the yuan for the first time since 2007.

22 Mar 2013 - 4:55am

Daunting tasks await new Taiwanese premier Jiang Yi-huah

Premier Sean Chen faces the press after formally announcing his resignation. Chen has said he is stepping aside for health reasons. Photo: AFP

Critics are already questioning whether Jiang, 53, will be able to hold on to the post longer than his predecessor, Sean Chen, who submitted his resignation to Ma late last month for "health reasons" after heading the cabinet for a year.

8 Feb 2013 - 4:52am

Business Digest, February 1, 2013

German carmaker Daimler is planning to buy a 10-20 per cent stake in the passenger car unit of its Chinese partner BAIC Group.

German carmaker Daimler is planning to buy a 10-20 per cent stake in the passenger car unit of its Chinese partner BAIC Group.

1 Feb 2013 - 5:22am

No hope in Taiwan for future under President Ma Ying-jeou

President Ma Ying-jeou

Life was so miserable in Taiwan last year that many people have lost hope for the future, even though the island's government is forecasting economic growth of 3.8 per cent this year.

A fashion-magazine editor recently walked out of his job without even submitting his resignation, following yet another unreasonable demand from his budget-strapped boss.

9 Jan 2013 - 5:46am

A Bad Week for ... , November 25, 2012

Ma Ying-jeou

Ma Ying-jeou

The Taiwanese president is coming under pressure in his second term as leader after being dismissed as an "ineffectual bumbler" by the British-based news magazine The Economist, which reported concern about the island's economic woes. Ma has denied reports that he ordered Taiwan's ambassador to Britain to rebut the piece.


25 Nov 2012 - 2:06am

Ma Ying-jeou cuts special allowances, but not his pay

Ma Ying-jeou said he never kept the allowance. Photo: Reuters

Taiwanese President Ma Ying-jeou said yesterday he would cut his annual special allowances by NT$10 million (HK$2.65 million) to stem criticism from opposition legislators.

7 Nov 2012 - 4:09am