Business

The number of journeys taken on Taiwan's high speed rail network this year is set to exceed the all-time-high recorded in 2023, the Taiwan High Speed Rail Corporation (THSRC) said on Sunday.

Economics Minister Kuo Jyh-huei (郭智輝) returned to Taiwan on Saturday following a trip to Germany and the Czech Republic to promote industrial cooperation, according to the Ministry of Economic Affairs (MOEA).

Taipei, Dec. 21 (CAN) Amid clashes between lawmakers from Taiwan's ruling and opposition parties, amendments on revenue allocations were approved by the Legislature late Friday night, allowing local governments to secure an additional NT$375.3 billion (US$11.5 billion) in funding from the central government.

Taiwan's export orders totaled US$52.27 billion in November, marking the ninth consecutive monthly year-on-year growth, according to statistics released by the Ministry of Economic Affairs (MOEA) on Friday.

Lesser-known startups could help China integrate Taiwanese firms in its pursuit of semiconductor self-sufficiency, according to a report by a national think tank released on Wednesday.

The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.023 to close at NT$32.691.

Taiwan shares ended down 422 points, or 1.84 percent, at 22,510.25 Friday on turnover of NT$467.54 billion (US$14.3 billion).

The U.S. dollar was traded at NT$32.702 at 10 a.m. Friday on the Taipei Foreign Exchange, up NT$0.034 from the previous close.

The Taiwan Stock Exchange's main index opened down 133.86 points at 22,798.39 Friday on turnover of NT$5.02 billion (US$153.7 million).

The Executive Yuan on Thursday approved proposed amendments to the Statute for Industrial Innovation, introducing an investment tax credit for capital investment in artificial intelligence (AI) and carbon emissions reduction technology.