Taipei Shakes with No Harm Following East Coast Quakes

April 22, 2024

    Seismic Activity Continues to Rattle Taiwan’s East Coast

    In a series of geological events, more than a dozen earthquakes have once again brought attention to Taiwan’s seismic vulnerability. On Monday, the eastern coast of the island experienced a flurry of tremors, with the most powerful registering at a magnitude of 5.7. Despite the intensity, the quakes caused brief shaking in Taipei but no damage was reported, according to the island’s weather administration.

    The epicenter of the seismic activity was pinpointed to Hualien County, a predominantly rural area that is still grappling with the aftermath of a significant 7.2 magnitude earthquake earlier this month. That event tragically resulted in the loss of at least 14 lives. Since then, Taiwan has felt the unsettling continuation of hundreds of aftershocks, a stark reminder of the island’s precarious position along the boundary of two colliding tectonic plates.

    Taiwan’s history with earthquakes is marked by devastating incidents, including the 2016 disaster in southern Taiwan that claimed over 100 lives. The memory of the catastrophic 7.3 magnitude quake in 1999, which resulted in more than 2,000 fatalities, still looms large over the island’s inhabitants and underscores the importance of stringent building codes and preparedness measures.

    As the local authorities and residents assess the latest seismic occurrences, the resilience of Taiwan’s people and infrastructure continues to be tested. With no immediate reports of damage from the recent quakes, the focus remains on recovery and readiness for future tectonic shifts.

    More than a dozen earthquakes, with the strongest being 5.7 magnitude, hit Taiwan's east coast on Monday
    The 5.7 magnitude earthquake on Taiwans east coast resulted in minor structural damage without any reported fatalities, showcasing the islands robust building codes and preparedness.

    Can Taiwans east coast withstand more quakes after Mondays dozen?

    Send a request and get a free consultation:
    June 2025
    Businesses Secure Long-Term Stability with New Lease Agreements
    The EURUSD currency pair remains in a tight range above the 1.0900 support level on Monday as it struggles for direction. Investors seek fresh cues at the start of a busy data week, which may indicate how much the Federal Reserve will cut interest rates in September.
    India Sees 22.5% Growth in Tax Collections, Boosted by Lease Revenues
    India's net direct tax collections saw a significant boost, growing by 22.5% as of August 11, compared to 19.54% the previous month. This surge was driven by a 30% rise in Personal Income Tax revenues and a 111% increase in Securities Transaction Tax receipts, despite modest corporate tax growth.
    Lawmakers Consider Alternatives as Lease Deduction Nears Expiration
    Lawmakers are evaluating alternatives to the expiring 20% deduction for qualified business income introduced by the Tax Cuts and Jobs Act. One option is corporate integration, which could address existing distortions. Businesses with a lease may also be impacted by these potential changes.
    Hellenic Bank is set to unveil its quarterly financial results on May 24, providing insights into its performance for the first part of 2024. Investors and analysts await the details with keen interest.
    Hellenic Bank Housing Loans provide flexible options for purchasing, building, or renovating a home. With competitive rates, customized repayment plans, and choices between fixed and variable interest, these loans are designed to make owning a home more accessible and manageable.

    Cyprus visa guide

    • Travel visa basics
    • Cyprus application process
    • Check visa status
    • Online visa verification
      Thanks for the apply!
      We will get back to you within 1 business day
      You can schedule a call time at your convenience now:
      In the meantime, you can get a free consultation
      with our AI-assistant