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Taiwan’s 5 new holidays could spark economic concerns: Gov’t

Reporter TVBS News Staff
Release time:2025/05/15 20:00
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Taiwan adds five national holidays amid business concerns (TVBS News) Taiwan’s 5 new holidays could spark economic concerns: Gov’t
Taiwan adds five national holidays amid business concerns (TVBS News)

TAIPEI (TVBS News) — Taiwan's parliament, the Legislative Yuan (立法院), has approved legislation adding five new national holidays to the calendar, raising alarm among business advocates concerned about economic effects on smaller companies. Premier Cho Jung-tai (卓榮泰) defended the measure's constitutionality during a Thursday (May 15) press briefing while acknowledging the potential financial strain on Taiwan's small and medium-sized enterprises.

The Executive Yuan (行政院), Taiwan's cabinet, will launch a thorough economic impact study after the holiday legislation takes effect, cabinet spokesperson Michelle Lee (李慧芝) announced at a press briefing following the government's regular meeting. The assessment aims to quantify the economic implications of the expanded holiday calendar on Taiwan's business landscape.

 

Beyond the holiday legislation, Taiwan's cabinet is also preparing to examine the newly amended "Nuclear Reactor Facilities Regulation Act" (核子反應器設施管制法), which was similarly approved by legislators. Spokesperson Lee stressed the administration's core obligation to maintain nuclear safety standards, cautioning that legislative changes by themselves cannot ensure safety without proper implementation. She reaffirmed the cabinet's pledge to conduct a meticulous analysis of the act's regulatory framework.

Meanwhile, Hsia Yu-chuan (夏峪泉), who heads the electricity development division at Taiwan's Energy Administration (經濟部能源署電力組), moved to allay public concerns about energy security. Hsia confirmed that the scheduled May 17 decommissioning of the second reactor at Maanshan Nuclear Power Plant, also called the third nuclear power plant (核三廠),  in southern Taiwan would not compromise the island's electricity supply or reliability guarantees previously made by authorities.

Despite parliament's approval of the "Nuclear Reactor Facilities Regulation Act," Hsia pointed out a significant implementation gap: supporting enforcement regulations remain unwritten, creating regulatory uncertainty. This administrative vacuum will require the Ministry of Economic Affairs (MOEA, 經濟部) and Taiwan Power Company (Taipower, 台電), the island's state-owned utility, to reassess both financial projections and implementation schedules for the country's evolving nuclear energy policy. ◼