FILE - In this Saturday, Feb. 7, 2015, file photo, a ground mechanic works on the engine area of a TransAsia Airways ATR airplane at the Songshan Airport in Taipei, Taiwan. Taiwanese airline TransAsia has announced it is shutting down following financial losses and two fatal crashes. TransAsia chairman Vincent Lin said Tuesday the airline, which served cities in China, Japan and Southeast Asia, was unable to reverse widening losses or raise additional money. (AP Photo/Wally Santana, File)

TransAsia Airways Ceases Operations Domestic airline TransAsia Airways declared it insolvency on November 22, after years of lackluster sales and revenue losses and two horrific crashes within a seven-month period that killed more than 90 people. The airline’s CEO, Liu Tung-ming, said that the executive team had looked at various options including a sale, restructuring,…

Worries about Trump, as Trade Inches Upward The election of Donald Trump as U.S. president has created anxieties in many countries around the world, as exporting nations worry that Trump’s protectionist leanings will impact global trade. Taiwan is among the most trade-dependent nations in the world, with exports totaling US$280 billion in 2015, equivalent to…

Third Quarter Brings Improved Results As discussed in this issue’s cover story, the Taiwan economy rebounded in the third quarter, registering a growth rate of 2.06% from the same period last year according to preliminary calculations. The improvement was attributed mainly to stronger exports of electronics products, particularly components related to the Apple iPhone 7….

Formosa Workers Protest Shutdown Employees of the Formosa Chemicals and Fiber Corp. (FCFC) staged several demonstrations during October, some of which became violent, to protest potential job losses due to the closure of the company’s plant in Changhua over environmental issues. Changhua County’s Bureau of Environmental Protection denied the extension of operating permits for the…

RESOLUTE - KMT Chairwoman Hung Hsiu-chu has faced down criticism over her planned trip to China and stress on the "1992 Consensus" Photo: CNA

U.S. and Taiwan Hold TIFA Council Meeting In early October, U.S. and Taiwan trade authorities concluded the tenth Trade and Investment Framework Agreement (TIFA) Council meeting under the pact designed to foster trade and investment ties between the two countries. Ambassador Robert Holleyman, Deputy United States Trade Representative, and Wang Mei-hua, Taiwan’s Vice Minister of…

When in Rome - Vice President Chen Chienren (right) with Vatican State Councilor Palo Lin while attending the canonization ceremony of Mother Theresa. (Photo: CNA)

Vice President Chen visits Taiwan’s diplomatic allies Vice President Chen Chien-jen visited Taiwan’s diplomatic ally, the Dominican Republic, from August 14 to 17 to attend the inauguration of President Danilo Medina and hold meetings with Medina to exchange views on future bilateral cooperation. Chen also met with Taiwanese business owners in the country. Shortly after…

Tourism sector protests falling China arrivals Hit hard by plunging visitor arrivals from China, members of Taiwan’s tourist industry staged a demonstration September 13. Tourist arrivals from China have fallen some 22% since Tsai Ing-wen of the independence-leaning Democratic Progressive Party (DPP) was elected to the presidency, and Beijing has apparently responded to her refusal to…

Typhoon destruction - Gigantic waves caused by Typhoon Meranti destroyed the famous lighthouse at Fugang Port in Taitung County.

  Taiwan hit by three back-to-back typhoons  Within a two-week period, Taiwan was pummeled by three typhoons. On September 14-15, super-typhoon Meranti, the biggest tropical cyclone of the year with gusts reportedly exceeding 370kph, skirted southern Taiwan. It caused widespread destruction, with at least two people killed and over a million without power. Meranti reached…