Opposition fast-tracks NT$71.8bn in spending
Opposition fast-tracks NT$71.8bn in spendingBy Liu Wan-lin and Fion Khan / Staff reporter, with staff writer and CNAOpposition lawmakers today fast-tracked a motion to the second reading that would authorize the disbursement of NT$71.8 billion (US$2.2 billion) for 38 projects under the central government budget. Chinese Nationalist Party (KMT) and Taiwan People’s Party lawmakers hold placards promoting the budgeting of military pay raises at the Legislative Yuan in Taipei today. For the TPass program, the subsidies include NT$1.58 billion for the TPass Executive Yuan implementation program, and NT$5.94 billion for local governments to implement TPass from this year to 2029. The opposition hopes the legislature would first approve funding for these projects, TPP caucus deputy whip Chang Chi-kai (張啓楷) said. It is regrettable that the matter was not handled by the Executive Yuan, as it could have sought legislative approval to release funds for these initiatives, he said.
Source:Taipei Times
January 16, 2026 07:17 UTC
Tariff agreement to bring US, Taiwan closer: Lai
Tariff agreement to bring US, Taiwan closer: LaiBy Hollie Younger / Staff writer, with CNAA 15 percent tariff agreement reached with the US would bring economic and trade ties between the two countries even closer, President William Lai (賴清德) said today, urging lawmakers to support the deal. The agreement would help Taiwanese industries retain a foothold in Taiwan while also expanding their global footprint, Lai told reporters before appearing at the Taichung Exhibition of Various Trades and Industries. Japan and South Korea formerly had free-trade agreements or similar arrangements with the US, giving their exports a competitive edge over Taiwan, Lai said. Now everyone is on an equal footing, allowing Taiwanese companies the opportunity to expand into US markets, he added. Further negotiations still lie ahead, he said, adding that he hopes all ministries and relevant agencies would build on this foundation to complete an overall Taiwan-US trade agreement.
Source:Taipei Times
January 16, 2026 07:06 UTC
Magnitude 4.6 quake strikes off Yilan
Magnitude 4.6 quake strikes off YilanStaff writer, with CNAA magnitude 4.6 earthquake struck off the coast of northeastern Taiwan at 11:09am today, the Central Weather Administration (CWA) said. The epicenter of the temblor was located at sea, about 36.5km south-southeast of Yilan County Hall at a depth of 15.2km, the agency said. The location of a magnitude 4.6 earthquake that struck off Yilan County at 11:09am today is pictured. Photo courtesy of the Central Weather AdministrationThe earthquake's intensity, which gauges the actual effects of a temblor, was highest in Yilan, where it measured 4 on Taiwan's seven-tier intensity scale, the CWA said. The quake also measured an intensity of 3 in Hualien County, 2 in New Taipei City and 1 in Taipei, Taoyuan, Hsinchu County, Taichung and Nantou County, the CWA added.
Source:Taipei Times
January 16, 2026 05:11 UTC
Investigation of Taipei stabbing closed
Investigation of Taipei stabbing closedNO OUTSIDE INFLUENCE: The investigation into the suspect’s social media and communications show no outside party’s involvement in the attack that left four deadBy Hollie Younger / Staff writer, with CNAThe Taipei District Prosecutors’ Office yesterday said it has completed its investigation into last month’s stabbing attack at Taipei Main Station and would not press any charges, as the suspect is dead and is believed to have acted alone. Reporters take pictures of security footage showing Taipei stabbing suspect Chang Wen during a news conference hosted by the Taipei District Prosecutors’ Office yesterday. Following the incident, the High Prosecutors’ Office instructed district prosecutors’ offices nationwide to specifically handle cases involving online threats, public transportation and public spaces, and to initiate reporting and response measures, they said. As of Wednesday, prosecutors’ offices nationwide had investigated 51 cases, with no evidence linking them to Chang or the Taipei attack, they said. Separately, the Taoyuan District Prosecutors’ Office announced that it has concluded its investigation into Chang on suspicion of contravening the Punishment Act for Violation of Military Service System (妨害兵役治罪條例).
Source:Taipei Times
January 16, 2026 03:42 UTC
US lowers Taiwan tariff to 15%, Cabinet confirms
US lowers Taiwan tariff to 15%, Cabinet confirmsStaff writer, with CNAWashington has agreed to lower tariffs on Taiwanese goods from 20 percent to 15 percent, without stacking them on existing most-favored-nation rates, after concluding trade negotiations with Taiwan yesterday, the Executive Yuan said this morning. The agreement also grants semiconductors and related products the most favorable treatment under Section 232 of the Trade Expansion Act and includes commitments to expand supply chain investment cooperation and deepen Taiwan-US strategic collaboration on artificial intelligence, the Cabinet said. The US and Taiwan national flags fly in an undated photograph. Photo: AFPThe new tariff rate of 15 percent matches US rates on goods from major trade partners such as Japan, South Korea and the EU.
Source:Taipei Times
January 16, 2026 00:52 UTC
Military locates crashed F-16’s black box
Military locates crashed F-16’s black boxStaff writer, with CNAThe military yesterday said it has located the flight data recorder, or black box, of an F-16V jet that disappeared off eastern Taiwan earlier this month, and it would soon deploy a salvage team to try to retrieve it. Air Force Command Headquarters said that while it had pinned down the location of the black box, it was still searching for the aircraft’s sole pilot, air force Captain Hsin Po-yi (辛柏毅). Without providing details, the air force said it had located the black box days after detecting some intermittent signals and would now engage a team of professionals to retrieve it. Hsin took off from Hualien Air Base at 6:17pm on a nighttime training mission, and soon after, he reported that the aircraft was losing altitude, the air force said. The air force subsequently set up an emergency response center, and launched a search and rescue operation, but has not yet been able to find Hsin nor the aircraft.
Source:Taipei Times
January 15, 2026 23:12 UTC
Arsenal feast on Sanchez mistakes in the EFL Cup
Chelsea manager Liam Rosenior reacts during the first leg of their EFL Cup semi-final against Arsenal at Stamford Bridge in London on Wednesday. Photo: ReutersGarnacho’s second goal — in the 83rd minute — gave Chelsea a lifeline ahead of the second leg on Feb. 3 at Arsenal’s Emirates Stadium. Liam Rosenior, taking charge of his first home match as Chelsea’s new coach, refused to criticize Sanchez for his mistakes. Chelsea goalkeeper Robert Sanchez, center, makes a save during the first leg of their EFL Cup semi-final against Arsenal at Stamford Bridge in London on Wednesday. That would be a rematch of the 2018 final — the last one Arsenal reached in the EFL Cup — which City won 3-0.
Source:Taipei Times
January 15, 2026 20:12 UTC
Morocco and Senegal reach final of Cup of Nations
Morocco and Senegal reach final of Cup of NationsReuters, RABATYassine Bounou on Wednesday saved two penalties, while Youssef en-Nesyri netted the decisive spot-kick as hosts Morocco secured a 4-2 shoot-out victory over Nigeria following a 0-0 draw in a tense Africa Cup of Nations semi-final in Rabat. Morocco, seeking their first continental title in 50 years, are to face 2021 winners Senegal in Sunday’s decider in Rabat, while Nigeria take on Egypt in the third-place playoff tomorrow. Morocco goalkeeper Yassine Bounou stops a shot during the penalty shoot-out of their Africa Cup of Nations semi-final against Nigeria at Prince Moulay Abdellah Stadium in Rabat on Wednesday. He was by far the busier goalkeeper in the game, but Morocco were mostly reduced to long-range efforts. Following Bounou’s saves, En-Nesyri struck the decisive spot-kick to send his side into their first final since a 2004 loss to Tunisia.
Source:Taipei Times
January 15, 2026 20:12 UTC
ASML value soars above US$500bn on TSMC’s outlook
ASML value soars above US$500bn on TSMC’s outlookBloombergASML Holding NV became only the third European company to surpass US$500 billion in market value after key customer Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) gave a stronger-than-anticipated outlook for this year. That took ASML’s market capitalization to about 453 billion euros (US$527 billion). The ASML Holding NV headquarters in Veldhoven, Netherlands, are pictured on Nov. 14 last year. “Europe is a small market, so if ASML as a major stock goes up, the broader market will automatically benefit. The rally in ASML also gives European investors a gateway to play the mainstream AI trade.”TSMC’s outlook provides fresh optimism for sustained global AI spending this year after signs of volatility in the so-called AI trade.
Source:Taipei Times
January 15, 2026 17:14 UTC
Bank forecasts 3.8% GDP growth
The bank has raised its forecast for Taiwan’s GDP growth this year to 3.8 percent, up from a prior estimate of 2.5 percent, citing strong demand for AI-related semiconductors and sustained capital spending by the nation’s technology champions. Standard Chartered’s growth projection for next year was also nudged higher to 2.7 percent. Globally, Standard Chartered expects economic growth to hold steady at 3.4 percent this year, unchanged from last year. Standard Chartered warned that rising uncertainty about trade policy, geopolitical tensions and potential financial market adjustments pose elevated risks across major economies. China is expected to post GDP growth of 4.6 percent this year, up from an earlier estimate of 4.3 percent, on the back of Beijing’s fiscal and monetary policies, Standard Chartered said.
Source:Taipei Times
January 15, 2026 17:14 UTC
Spending on credit cards hits record high of NT$4.533tn
With several card issuers promoting co-branded cards and the number of merchants accepting cards for sales continuing to increase, full-year credit card spending for last year could reach a new high, it said. A person holds CTBC Bank credit cards in Taipei in an undated photograph. Photo courtesy of CTBC Bank CoTaiwan’s credit card spending was NT$4.686 trillion in 2024, a new record, FSC data showed. CTBC was the biggest issuer of new credit cards among local banks in November last year as it continued to promote a new co-branded credit card with food conglomerate Uni-President Enterprises Corp (統一企業). The bank issued 132,555 cards in the month, or 27.32 percent of the 485,113 cards issued in Taiwan, data showed.
Source:Taipei Times
January 15, 2026 17:14 UTC
TSMC plans record expenditure to meet AI demand
TSMC plans record expenditure to meet AI demandBy Lisa Wang / Staff reporterTaiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it plans to spend a record-high US$52 billion to US$56 billion in capital expenditure this year to expand advanced chip capacity to meet “insatiable” demand for artificial intelligence (AI) applications. About 70 to 80 percent of this year’s budget would be earmarked for leading-edge technology expansion, while about 10 to 20 percent would be allocated for advanced chip packaging technology, TSMC said. That is driving meaningful demand for more and more computation, which supports robust demand for leading-edge silicon,” TSMC chairman and chief executive officer C.C. To address strong AI chip demand, TSMC said it is expanding chip manufacturing capacity in Taiwan, including 2-nanometer facilities in Hsinchu County and Kaohsiung, and advanced chip packaging capacity. TSMC also expects robust AI demand to boost its revenue growth by about 30 percent this year, with about 25 percent growth on average from 2024 to 2029.
Source:Taipei Times
January 15, 2026 17:12 UTC
Employed children often underpaid: NGO
Employed children often underpaid: NGOBy Jason Pan / Staff reporter, with CNAMany school-aged children in Taiwan take jobs to assist their families, but about 20 percent are being underpaid or work in unsafe conditions, World Vision Taiwan (WVT) said last week. “Of employed children from poorer households, 69.2 percent hold jobs in the service sector and 21.8 percent are in manual labor jobs, cleaning services or other physically intensive work. “The figures show that 71.4 percent of these children severely lack educational support, and one in four quit school after finishing junior-high school. WVT offers educational scholarships for children of underprivileged families, grants for family guidance and assistance, and job training. “We send social workers to find out what services are needed for these families, and provide assistance for children in the workplace,” WVT said.
Source:Taipei Times
January 15, 2026 17:12 UTC
Manila, Tokyo sign defense pact amid China aggression
Manila, Tokyo sign defense pact amid China aggressionAP, MANILAJapan and the Philippines yesterday signed a defense pact that would allow the tax-free provision of ammunition, fuel, food and other necessities when their forces stage joint training to boost deterrence against China’s growing aggression in the region and to bolster their preparation for natural disasters. Philippine Secretary of Foreign Affairs Theresa Lazaro, left, and Japanese Minister of Foreign Affairs Toshimitsu Motegi sign documents following a bilateral meeting in Pasay, Philippines, yesterday. Photo: EPAJapanese Minister of Foreign Affairs Toshimitsu Motegi signed the Acquisition and Cross-Servicing Agreement with Philippine Secretary of Foreign Affairs Theresa Lazaro in Manila. “We both recognized the value of promoting the rule of law, including the freedom of navigation and overflight, especially in the South China Sea,” Lazaro said after the signing. Japanese and Philippine officials are still negotiating another agreement that aims to boost the security of highly confidential defense and military information the countries could share.
Source:Taipei Times
January 15, 2026 17:12 UTC
Cabinet proposes bill to raise older farmers’ subsidies
Cabinet proposes bill to raise older farmers’ subsidiesTHRESHOLD CHANGE: About 7,000 farmers are expected to benefit from the changes, bringing the total people eligible for the subsidies to 530,000By Jake Chung / Staff writer, with CNAThe Executive Yuan yesterday proposed a bill to raise the monthly subsidy for older farmers to NT$10,000 (US$317) from NT$8,110, requiring a budget increase of NT$12.9 billion. The bill would be submitted to the Legislative Yuan for review. About 14,505 people are ineligible for farmers’ subsidies, the Executive Yuan said. About 7,000 farmers are expected to benefit from the amendment and become eligible for the older farmer subsidy, bringing the total number of people eligible for the subsidies nationwide to 530,000, it said. Farmers aged 65 or older who have been enrolled in farmers’ insurance for at least 15 years are eligible for the monthly benefit, which was initially set at NT$3,000 and raised to NT$7,000 in 2011.
Source:Taipei Times
January 15, 2026 17:12 UTC