Taiwan's central bank believes the national economy will grow more slowly next year than expected, cutting its growth forecast to just over 2.5%. The mayor-elect of Hsinchu has been released on bail after being charged with corruption, a case which comes as the Cabinet approves a bill to block people with convictions related to organized crime from standing for office. And President Tsai Ing-wen has met with the chair of the Japan-Taiwan Exchange Association on the same day Tokyo highlighted Taiwan in its new national defense report. Also:
- The government has relaxed regulations on funding for fertility treatment in a bid to address a declining national birth rate.
- Taipei Blockchain Week has concluded, with some 2,000 tech entrepreneurs and investors coming together to promote Web3 in Taiwan.
- A coal-fired power plant in central Taiwan's Yunlin County is to spend five years transitioning to a liquid natural gas plant.
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