The Ministry of Economic Affairs (MOEA,
The move comes at a time when Taiwan has been increasingly concerned about its image as it prepares to enjoy a higher profile in the international business community.
"The government has been preparing for Taiwan's entry into the World Trade Organization," said Economic Minister Wang Chi-kang (?y揮??. "Taiwan's overall economic image and ability has received praise internationally."
"However," Wang said, "we can always improve."
For example, Wang said, Singapore has a special agency responsible for stall management and policy making, and it has the power to punish illegal stalls.
Wang made the comments at a meeting of ministry officials and traditional market representatives, who were there to discuss their experiences since the implementation of the "Five-year Plan for Traditional Market Upgrading and Resolution of the Problem of Illegal Stalls (傳2峊?鶚騝s與改進攤3c訑棺D?-|~-p畫)" which was implemented last year.
Between 40 and 50 traditional market representatives attended the meeting.
The economics ministry also said 29 additional markets would participate in the five-year plan, bringing the total to 45 markets.
While the ministry has been attempting to spruce up the image of traditional markets, a bill that would give it more power to regulate vendors and stalls has been languishing in the Legislative Yuan since 1993.
The ministry has been pushing for the adoption of the "Statute for Stalls Management (
"There is no law which punishes illegal stalls directly," said ministry official Huang Bin-fa (
But while the five-year plan hasn't been able to tackle the problem of illegal stalls, it has helped to improve the environment of some traditional markets.
"Wet floors are a general scene in traditional markets," said Serene Dai (
"But if you visit the Shi Dung traditional market (
Chao Chi-yiau (
Liu Kuan-tun (
Currently, 60 percent of the public still go to traditional markets for daily shopping.
There are also some other opportunities for traditional markets to develop, such as on-line commerce.
"Thirty to 40 [participants in the five-year plan] wanted to make their goods available on the Internet," Dai said. "We are helping them with the hardware program design."
Dai said Cychen was helping traditional markets to obtain computers, set up Web pages and develop strategies for attracting on-line customers.
Products will be available for delivery beginning in February or March.
Market stalls may also begin to consolidate, bringing management under one roof, Dai said. "Three stalls are being encouraged to become one, and to run the stall like a company," she said.
However, "Some of the markets have no incentives to upgrade," Dai said. "The stall owners say that they have made enough money."
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
Taiwan is open to joining a global liquefied natural gas (LNG) program if one is created, but on the condition that countries provide delivery even in a scenario where there is a conflict with China, an energy department official said yesterday. While Taiwan’s priority is to have enough LNG at home, the nation is open to exploring potential strategic reserves in other countries such as Japan or South Korea, Energy Administration Deputy Director-General Chen Chung-hsien (陳崇憲) said. While the LNG market does not have a global reserve for emergencies like that of oil, the concept has been raised a few times —
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with