The Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) yesterday raised its forecast for Taiwan’s GDP growth for this year from 5.16 percent to 5.84 percent on stronger exports, and urged policymakers to heed inflationary pressures spurred by a global economic recovery and loose monetary policies.
The plea came after the government announced a minimum wage hike of 5 percent from next year, and retailers and restaurants increased prices to reflect soaring oil, raw material and labor costs.
The latest growth projection is the highest in 11 years as Taiwan has been benefiting from a surge in demand for electronics amid trends toward
The Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) yesterday raised its forecast for Taiwan’s GDP growth for this year from 5.16 percent to 5.84 percent on stronger exports, and urged policymakers to heed inflationary pressures spurred by a global economic recovery and loose monetary policies.
The plea came after the government announced a minimum wage hike of 5 percent from next year, and retailers and restaurants increased prices to reflect soaring oil, raw material and labor costs.
The latest growth projection is the highest in 11 years as Taiwan has been benefiting from a surge in demand for electronics amid trends toward
Authorities in Taiwan on Friday charged seven people including the operator of a crane truck in a train crash that killed dozens of people earlier this month.
7 indicted in Taiwan s deadliest train crash in decades
04/16/2021 10:40 PM
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A slide used by the Hualien District Prosecutors Office to explain its findings regarding the April 2 train crash. CNA photo April 16, 2021
Taipei, April 16 (CNA) The Hualien District Prosecutors Office on Friday indicted seven individuals for offenses related to the Taroko Express train crash on April 2 that killed 49 people and injured more than 200 others, the deadliest train accident Taiwan has seen in seven decades.
Lee Yi-hsiang (李義祥), the driver of the crane truck that fell onto the track just a minute before the train crashed into it as it was entering a tunnel, was charged with negligence causing death, according to a press release issued by the district prosecutors office.
Crane driver charged in TRA probe
NARROWING DOWN: After searches at 23 locations and questioning 109 people, prosecutors say that mishandling at a construction site might have caused the crash
By Jason Pan / Staff Reporter
Prosecutors yesterday indicted seven people in connection to the Taroko Express No. 408 derailment in Hualien County on April 2, in which 49 people died and more than 200 were injured.
Among the indicted were Lee Yi-hsiang (李義祥), the driver of a crane truck that fell onto the tracks and into which the train crashed; his Vietnamese assistant, Hoa Van Hao; and workers at United Geotech Inc (聯合大地工程) and Tung Hsin Construction (東新營造), which undertook construction work near the site of the crash, Hualien prosecutor Chou Fang-yi (周芳怡) said.