Can Taiwan Really Disconnect Its Economy from China?

China has long been Taiwan’s most important trading partner, the main buyer of its exports and the place where many of its companies make their products, the Wall Street Journal reported. China is also Taiwan’s greatest threat and claims that the island democracy is part of its territory. Now, Taiwan’s ruling political party says it wants to do more to dismantle the commercial ties that for decades have propelled Taiwan’s economic growth. President Lai Ching-te is calling for companies that make semiconductors — Taiwan’s main industry — to stop buying from and selling to China.

Taiwan
China
Read more

Taiwan Exports Growth Nears 15-Year High Amid Tariff Uncertainty

Taiwan’s exports resilience was on full display in May, growing at the fastest pace in nearly 15 years on likely frontloading as tariff uncertainty continues, the Wall Street Journal reported. Shipments of goods rose 38.6% last month from a year earlier, beating market expectations thanks in part to a surge in exports to the U.S., official figures showed Monday. That was just above the peaks seen during the post-Covid reopening boom in 2021, and the strongest print since July 2010, according to data from LSEG.
Taiwan
Read more

Taiwan Central Bank Holds Key Interest Rates Amid Steady Growth, Inflation

Taiwan’s central bank maintained interest rates unchanged again, delivering a third consecutive hold as it keeps a watchful eye on inflation and signs of overheating in the housing market, the Wall Street Journal reported. The Central Bank of the Republic of China (Taiwan) kept its benchmark discount rate at 2.000% on Thursday. It maintained secured and unsecured loan rates at 2.375% and 4.250%, respectively. The Taiwanese central bank attributed the hold to cooling domestic inflation and global economic conditions.
Taiwan
Read more

Taiwan Central Bank Leaves Key Interest Rates Unchanged

Taiwan’s central bank held interest rates steady with a watchful eye on inflation, declining to join the U.S. Federal Reserve and a growing number of its Asian counterparts in starting to ease monetary policy, the Wall Street Journal reported. The Central Bank of the Republic of China (Taiwan) kept its benchmark discount rate at 2.000% on Thursday, as expected in a poll of six analysts by The Wall Street Journal. It maintained its secured loan rate and unsecured loan rate at 2.375% and 4.250%, respectively.
Taiwan
Read more

Russian Hackers Hit Taiwan Bourse, Bank in Surprise Attack

Russian hacker groups briefly disrupted Taiwanese financial platforms including the stock exchange and lender Mega Financial Holding Co.’s website, exposing the vulnerability of the island to foreign cyberattacks, Bloomberg News reported. Two groups that go by the handles “NoName057” and “RipperSec” on Telegram swamped targeted websites with a so-called Distributed Denial of Service attack, which caused unstable connection issues for the platforms Thursday afternoon, the Ministry of Digital Affairs said Friday.
Taiwan
Read more