ECONOMY
Taiwan 14th on rich list
Taiwan ranked 14th among the world’s 100 wealthiest economies in terms of GDP per capita, Forbes magazine said in a report on Monday. With a GDP per capita of US$76,860, Taiwan sat one spot above Hong Kong’s US$75,130. The magazine’s list of the richest economies in the world is compiled based on GDP per capita data, as estimated by the IMF. However, for a more precise measure of a nation’s wealth, the magazine also considers purchasing power parity, which is a metric used to compare economic productivity and standards of living between countries. Luxembourg topped this year’s rich list with a GDP per capita of US$143,740, followed by Macau with US$134,140, Ireland with US$133,900, Singapore with US$133,740 and Qatar with US$112,280. Rounding out the top 10 list are the United Arab Emirates (US$96,850), Switzerland (US$91,930), San Marino (US$86,990), the US (US$85,370) and Norway (US$82,830).
AIRPORT
Airshow may affect flights
Flights in and out of Taiwan Taoyuan International Airport are to be suspended during three intervals of up to 14 minutes this morning to avoid conflicting with airshows during Double Ten National Day celebrations. Taoyuan International Airport Corp said in a statement yesterday that all arrivals and departures today would be suspended from 8:29am to 8:42am, 8:56am to 9:06am and 11:36am to 11:50am. The service suspensions, combined with the possibility that neighboring flight information regions would impose air traffic flow controls due to poor weather, might cause flight delays this morning, the airport operator said. People traveling to the airport to take a flight or pick up arriving friends or relatives are encouraged to check their flight’s status beforehand on the Taoyuan airport Web site, the company said. The main National Day celebration is to take place in front of the Presidential Office Building in Taipei from 9:05am to 11:40am. The event is to open with a flyover by Taiwan’s indigenous Brave Eagle advanced jet trainer aircraft and is to close with a performance by the air force’s Thunder Tiger Aerobatics Team, the event program says.
AIRLINES
Hualien flights to resume
Low-cost airline Hong Kong Express Airways on Tuesday said it would resume direct flights to Hualien County on Dec. 12. The carrier said it would offer four round-trip services each week, ending a six-year hiatus. Hualien would be the carrier’s fourth main destination in Taiwan — after Taipei, Taichung and Kaohsiung — bringing a total of 144 weekly flights between Hong Kong and Taiwan, the airline said in a statement. “Travelers can embark on a journey of discovery for the mind and body in a city exalted by natural beauty and vibrant culture in just two hours,” Hong Kong Express said of Hualien. The airline launched direct flights between the two destinations in 2016, with average occupancy rates exceeding 95 percent, the Hualien County Government said on Tuesday. However, a magnitude 6.4 earthquake in Hualien in 2018 led to a sharp decline in tourism demand, resulting in the airline suspending the route on Oct. 27 that year. During a visit to Hualien on Monday, Nicolas Wong (黃 柏燊), general manager of the carrier’s ground services, told Hualien County Commissioner Hsu Chen-wei (徐榛蔚) that the Hualien market is well-positioned because younger travelers increasingly favor destinations with “unique tourism resources” instead of large cities.
An alleged US government plan to encourage Taiwan Semiconductor Manufacturing Co (TSMC) to form a joint venture with Intel to boost US chipmaking would place the Taiwanese foundry giant in a more disadvantageous position than proposed tariffs on imported chips, a semiconductor expert said yesterday. If TSMC forms a joint venture with its US rival, it faces the risk of technology outflow, said Liu Pei-chen (劉佩真), a researcher at the Taiwan Industry Economics Database of the Taiwan Institute of Economic Research. A report by international financial services firm Baird said that Asia semiconductor supply chain talks suggest that the US government would
Starlux Airlines on Tuesday announced it is to launch new direct flights from Taiwan Taoyuan International Airport to Ontario, California, on June 2. The carrier said it plans to deploy the new-generation Airbus A350 on the Taipei-Ontario route. The Airbus A350 features a total of 306 seats, including four in first class, 26 in business class, 36 in premium economy and 240 in economy. According to Starlux’s initial schedule, four flights would run between Taoyuan and Ontario per week: Monday, Wednesday, Friday and Saturday. Flights are to depart from Taoyuan at 8:05pm and arrive in California at 5:05pm (local time), while return flights
Nearly 800 Indian tourists are to arrive this week on an incentive tour organized by Indian company Asian Painted Ltd, making it the largest tour group from the South Asian nation to visit since the COVID-19 pandemic. The travelers are scheduled to arrive in six batches from Sunday to Feb. 25 for five-day tours, the Tourism Administration said yesterday. The tour would take the travelers, most of whom are visiting Taiwan for the first time, to several tourist sites in Taipei and Yilan County, including tea houses in Taipei’s Maokong (貓空), Dadaocheng (大稻埕) and Ximending (西門町) areas. They would also visit
HOSPITAL VISITS: Shin Kong Mitsukoshi pledged to give the families of the four people who died NT$11m each and provide support for staff working at the time The central government would assist local governments to enhance public safety, President William Lai (賴清德) said yesterday as he visited people in hospital who were injured in an explosion at a department store in Taichung on Thursday. A suspected gas explosion occurred on the 12th floor of the Shin Kong Mitsukoshi Zhonggang department store in Taichung at 11:33am on Thursday, killing four people and injuring 36. Of the 40 casualties, 39 were hospitalized, Ministry of Health and Welfare data showed. Three died after out-of-hospital cardiac arrests, the data showed. As of 6am yesterday, 25 of those injured had been discharged from hospital, leaving 11
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