COST OF LIVING/Labor ministry formally announces 4% minimum wage hike in 2023
Taipei, Sept. 14 (CNA) The Ministry of Labor (MOL) on Wednesday officially announced that Taiwan's minimum monthly and hourly wage will rise by 4.55 percent and 4.76 percent, respectively, from Jan. 1, 2023.
The announcement, which follows a recommendation made by the ministry's Minimum Wage Review Committee on Sept. 1, will raise the minimum monthly wage from the current NT$25,250 (US$812) to NT$26,400, and the minimum hourly wage from NT$168 to NT$176.
In total, 2.32 million Taiwanese will benefit from the wage hike, including 1.752 million workers earning monthly salaries and 574,000 workers earning hourly wages, the ministry said.
The MOL has previously defended the raise as a compromise between business and labor interests, and said that it will help offset the impact on low-income workers of inflation, which is forecast to rise to 2.92 percent this year.
- CPC to raise natural gas prices on electric utility companies in OctoberState-owned oil supplier CPC Corp., Taiwan will raise natural gas prices by 5 percent for electric utility companies in October, CPC announced on Friday.09/30/2022 10:09 PM
- Health ministry plans copayment hike for hospital admissionsThe health ministry unveiled a draft proposal Thursday to raise the copayment ceiling that people covered by the National Health Insurance (NHI) will have to make for hospital ...09/29/2022 05:14 PM
- U.S. dollar closes at new 68-month high on Taipei forexThe U.S. dollar rose against the Taiwan dollar Wednesday, gaining NT$0.091 to close at NT$31.871.09/28/2022 08:57 PM
Northern Taiwan to see temperatures fall 7-8 degrees next week10/01/2022 12:43 PM
- Science & Tech
From trash to treasure: University-made shell brick C2C certified10/01/2022 10:59 AM
CPC to raise natural gas prices on electric utility companies in October09/30/2022 10:09 PM
Ex-boyfriend of DPP lawmaker handed jail sentence over abuse09/30/2022 10:02 PM
Taiwan slams Russia for referendums in Ukrainian regions09/30/2022 10:00 PM