See More on Facebook

Business

Taiwan’s working-age population falls to new low

The new reality means that more pressure is put on the workforce to uphold social security safety nets.


Written by

Updated: February 3, 2019

Taiwan’s working-age population fell to a record 72.52 percent at the end of 2018, indicating a growing burden on the workforce, data from the Ministry of the Interior showed Saturday.

The working-age population, defined as citizens aged 15-64, was 17.11 million as of the end of last year, the lowest since 2012, according to the MOI. The figure represented 72.52 percent of the country’s population of 23.59 million, the data showed.

Meanwhile, the 65 and over age group accounted for 14.56 percent of the population, while the 0-14 age category made up 12.92 percent, as of the end of 2018, according to the data.

It meant that Taiwan’s index of aging, defined as the ratio of citizens 65 and over to those 0-14, had risen to 112.64, a sharp growth of 83 percent from 61.51 at the end of 2008, the data indicated.

Over the 10-year period, the under-15 population shrank by 4.03 percent, while the 65 and over population grew 4.13 percent, according to the ministry.



Enjoyed this story? Share it.


ANN Members
About the Author: Asia News Network is a regional media alliance comprising 24 media entities.

Eastern Briefings

All you need to know about Asia


Our Eastern Briefings Newsletter presents curated stories from 22 Asian newspapers from South, Southeast and Northeast Asia.

Sign up and stay updated with the latest news.



By providing us with your email address, you agree to our Privacy Policy and Terms of Service.

View Today's Newsletter Here

Business

Vietnam to be among world’s most dynamic markets by 2030

The country has reached amazing levels of progress in the last two decades. With an emerging market economy and continued strong growth, Vietnam is set to become one of the most dynamic markets in the world by 2030, according to Euromonitor International, a global market research company. An Hodgson, Euromonitor International’s income and expenditure research manager, said the company’s research database showed that urbanisation, with the associated concentration of income, wealth and population, would propel Việt Nam’s commercial success by 2030. Published last month, the research database has found that Vietnam will be the third biggest urban market by consumer numbers and fifth biggest by total spending in Southeast Asia. By 2030, the country’s urban consumer market will expand to 46 million consumers and $169 billion worth of spending. GDP growth is expected to rea


By Viet Nam News
June 13, 2019

Business

Li pledges to improve business climate

Li Keqiang says China taking steps to open up economy to foreign businesses Premier Li Keqiang reaffirmed China’s commitment to improving its business environment by deepening reforms to streamline administration and carrying out large-scale tax cuts and fee reductions. Li said in a meeting on Tuesday with World Bank President David Malpass that the country will bring its business environment more in line with market principles, international standards and the rule of law as part of efforts to promote high-quality development. He noted China’s cooperation with the World Bank, which is in keeping with its steps in reform and opening-up and benefited the country’s growth. The global landscape is complex and fluid, and the Chinese economy is facing various risks and challenges, he said. Further cooperation between China and the World Bank will help promote poverty reduction, narrow


By China Daily
June 12, 2019

Business

Restrictions on Chinese firms could drive up 5G cost

China is increasing pressure on consumers in a bid to end restriction on its major tech firms. Europe would have to pay an extra 55 billion euros ($62 billion) for 5G networks and suffer an 18-month technology delay if it bans telecom equipment purchases from top Chinese manufacturers, according to an industrial report. The report by the GSM Association, which represents 750 mobile operators worldwide, said Ericsson, Nokia and Samsung, the non-Chinese contenders in the 5G market, do not have the capacity to handle all of the shift from 3G and 4G networks to 5G in Europe while honoring contracts already signed in North America and Asia. Huawei and ZTE account for about 40 percent of the EU market, and Huawei is “currently a pioneer in 5G technology”, according to the GSM analysis, first reported by Reuters and Agence France-Presse on Friday. “A ban on Chinese v


By China Daily
June 11, 2019

Business

Indonesia wins S&P upgrade as Jokowi victory fuels growth bets

Jokowi’s reelection spells continued growth and continuity leading to the upgrade. Indonesia won a sovereign rating upgrade from S&P Global Ratings for its “strong economic growth prospects” and prudent fiscal policy, brightened by the re-election of President Joko Widodo. The nation’s currency, stocks and bonds rallied. The rating was increased to BBB from BBB- and put on a stable outlook, S&P said in a statement on Friday. The long-term rating may be raised again if Indonesia’s external settings improve materially from their current levels, or if its fiscal settings improve over the next two years, it said. “We raised the ratings to reflect Indonesia’s strong economic growth prospects and supportive policy dynamics, which we expect to remain following the re-election of President Joko Widodo recently,” S&P said. “The sovereign ratings on Indonesia continue to be suppo


By The Jakarta Post
June 5, 2019

Business

Restriction on Huawei provides chances for Europe

The US has put massive restrictions on Huawei with US firms also taking part. United States government restrictions on Chinese technology champions like Huawei provide “enormous” opportunities for European counterparts, according to industry insiders. Technology firms from the United Kingdom and other European nations still have synergistic business relationships with Chinese counterparts. “The UK’s 5G development needs participation from Huawei. The UK government and companies should make decisions by measuring Huawei’s merits rather than political powers,” said John McLean, director of the China-Britain Business Council, in an exclusive interview with China Daily. Technology is reshaping the world order and has become a determining factor for countries to reposition themselves in the global arena, said McLean, who is also special adviser to the lord mayor of


By China Daily
May 30, 2019

Business

Wood exports soar to nearly $3.12b in Vietnam

Exports are at record highs as global demands drives sales. Export turnover of wood and wooden products reached nearly US$3.12 billion in the first four months of the year, a year-on-year increase of 18.3 per cent, according to the General Department of Customs. The 10 largest import markets were the US, Japan, China, South Korea, the UK, Germany, Canada, Australia, France and the Netherlands. Exports to some market increased strongly compared to the same period last year. Exports to Austria were up by 181.6 per cent to reach $706,081; Portugal up by 56.3 per cent to $1.84 million; Mexico up by 53.4 per cent to $4.9 million; Saudi Arabia up by 43 per cent to $12.42 million; and the US up by 34.6 per cent to $1.42 billion, the department said. But exports to some markets fell significantly, such as Turkey, down by 81.5 per cent, reaching $1.1 million; Cambodia down by 49.6 per cent, to $1.92 milli


By Viet Nam News
May 28, 2019