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The Rundown: What the Latest Outbreak Could Mean for Taiwan's Economy


Taiwan Business TOPICS
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS
Taiwan’s COVID-19 situation has quickly become more serious in recent days. Following a cluster infection in late April connected to China Airlines flight crew, local cases began increasing significantly for several days in succession, mostly in the north of the island. The sudden surge in case numbers – approximately 200-300 per day over the past few days – and the Central Epidemic Command Center’s (CECC) decision to raise the pandemic alert for Taipei and New Taipei to Level 3 caused a wave of panic buying at stores and supermarkets last Saturday, while MRT ridership and indoor dining at restaurants dipped substantially. Meanwhile, many corporate offices have switched to remote work arrangements and the central government has directed all schools to take all classes online from May 19 to 28. ....

T Ai Pei , Ministry Of Health , National Development Council , Ministry Of Finance National Stabilization Fund , Financial Supervisory Commission , China Airlines , Central Epidemic Command Center , Amcham Taiwan , New Taipei , National Stabilization Fund , டி ஐ பேய் , அமைச்சகம் ஆஃப் ஆரோக்கியம் , தேசிய வளர்ச்சி சபை , நிதி மேற்பார்வை தரகு , சீனா விமான நிறுவனங்கள் , மைய பெருவாரியாக பரவும் தொற்று நோய் கட்டளை மையம் , புதியது தைப்பே , தேசிய உறுதிப்படுத்தல் நிதி ,

Ministry urges calm amid TAIEX rout


Ministry urges calm amid TAIEX rout
ECONOMIC BACKBONE:
While restrictions would weigh on catering and tourism, high-tech firms in the Hsinchu Science Park might face fewer disruptions, an official said
By Chen Cheng-hui / Staff reporter
The Ministry of Finance on Saturday urged investors to stay calm after a spike in domestic COVID-19 infections and a global technology shares selloff unnerved the local stock market last week.
The ministry said that Taiwan’s economic fundamentals remain sound.
The Liberty Times (the Taipei Times’ sister newspaper) reported yesterday that Deputy Minister of Finance Frank Juan (阮清華) said that the government would pay close attention to the developments of the local stock market and the COVID-19 situation, adding that the National Stabilization Fund, of which Juan is the executive secretary, might hold an impromptu committee meeting on whether action is necessary. ....

T Ai Pei , Frank Juan , Kao Shih Ching , Mason Li , Jeff Chang , Ministry Of Finance On , Taishin Securities Investment Advisory Co , Ministry Of Economic Affairs On , Securities Investment , United Microelectronics Co , Committee On Nov , Taiwan Semiconductor Manufacturing Co , Consulting Association , National Stabilization Fund , Hsinchu Science Park , Chen Cheng Hui , Liberty Times , Taipei Time , Deputy Minister , Finance Frank Juan , Finance Committee , New Taipei City , New Taiwan , Investment Trust , Economic Affairs , The Taipei Times ,

Taiwan warns on rising COVID-19 risk, stocks tumble


Taiwan warns on rising COVID-19 risk, stocks tumble
BusinessWorld
2 hrs ago
© Provided by BusinessWorld
TAIPEI Taiwan may raise its coronavirus disease 2019 (COVID-19) alert level in the “coming days,” Health Minister Chen Shih-chung said on Wednesday, warning of an extremely serious situation that sent the island’s stock market tanking.
On Tuesday, Taiwan announced plans to restrict public gatherings as a result of a cluster of six new cases with no clear infection source, an unusual outbreak for the island that had kept a tight lid on community outbreaks.
Describing the situation as “very serious,” Mr. Chen told parliament the level could be lifted a notch to three, limiting gatherings to five people indoors and 10 outdoors, as well as closing of non-essential businesses. ....

T Ai Pei , Chen Shih Chung , Khoon Goh , Frank Juan , Yeason Jung , Democratic Progressive Party , National Stabilization Fund , Minister Chen Shih Chung , Tsai Ing Wen , Democratic Progressive , Capital Futures , Taiwan Deputy Finance Minister Frank Juan , டி ஐ பேய் , சென் ஷிஹ் சுங் , கூன் கோ , வெளிப்படையான ஜுவான் , ஜனநாயக ப்ரோக்ரெஸிவ் கட்சி , தேசிய உறுதிப்படுத்தல் நிதி , அமைச்சர் சென் ஷிஹ் சுங் , ட்‌ஸை இங் வென் , ஜனநாயக ப்ரோக்ரெஸிவ் ,