Sat, Feb 01, 2014 - Page 2 News List

President vows to re-energize economy

Staff writer, with CNA

President Ma Ying-jeou (馬英九) yesterday said that the government was ready to re-energize the economy domestically by promoting “free economic pilot zones” and globally by seeking to join the Trans-Pacific Partnership (TPP) agreement.

While visiting the Dalongdong Baoan Temple (大龍峒保安宮) in downtown Taipei with Taipei Mayor Hau Lung- pin (郝龍斌), Ma said that the economy was improving, as evidenced by several favorable figures, including a composite index of economic monitoring indicators flashing a steady “green light” in December, as opposed to the sluggish “yellow-blue light” in November.

The unemployment rate also dropped to 4.08 percent in December, the lowest in recent years, he said.

Taiwan’s commodity prices are relatively stable, according to a world survey by

Taipei’s commodity prices are also lower than other Asian cities like Singapore, Tokyo, Seoul, Hong Kong and Bangkok, it said.

Ma reiterated the pledge he made in his Lunar New Year address that the government’s priority would be to work harder to boost the economy.

“By joining the TPP — a free-trade agreement among countries in the Asia-Pacific — Taiwan will be able to engage in fair competition with other economies,” he said.

Ma also handed out red envelopes containing NT$1 each to the people who greeted him around the temple.

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