BUSINESS

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This Week Focus  | 

 

In this section, you will find the major news concerning the business, economy, and finance sectors mainly in Taiwan. 

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Taiwan ranks 1st in 'Macroeconomic stability' in WEF Global Competitiveness Report

2018.10.17

Taiwan ranked 1st in "Macroeconomic stability" and 13th overall in the latest Global Competitiveness Report released by Geneva-based World Economic Forum (WEF).

Read more on Taiwan News

Taiwan housing transactions rebound slightly in September

2018.10.06

Transactions of residential and commercial property in Taiwan's six largest metropolitan areas staged a mild rebound in September as the impact of Ghost Month faded away, according to figures compiled by the six city governments.

Read more on Taiwan News

President Tsai seeks to make Taiwan best place for global investors

2018.10.08

President Tsai Ing-wen (蔡英文) pledged Monday that her administration will seek to make Taiwan the best destination for global investors.

Read more on Taiwan News

IMF revises Taiwan's GDP growth forecasts upward for 2018, 2019

2018.10.09

Amid heightened US-China tensions, the International Monetary Fund (IMF) revised Taiwan's GDP growth forecasts for 2018 and 2019 upward to 2.7% and 2.4% respectively in its latest World Economic Outlook reportissued on Monday.

Read more on Taiwan News

Taiwan Transportation Minister asks for Taoyuan Airport Terminal 3 redesign

2018.10.06

Transportation Minister Wu Hong-mo (吳宏謀) confirmed Saturday that he had ordered a redesign of Taiwan Taoyuan International Airport’s Terminal 3 due to fears of escalating construction and maintenance costs.

Read more on Taiwan News

Central Taiwan's largest shopping outlet park set to open in mid-Dec.

2018.10.02

The highly anticipated shopping outlet center in Taichung City is slated to open on December 12 this year, and is set to become the largest of its kind in Central Taiwan, after 16 months of construction. 

Read more on Taiwan News

Acer and Yulon Group unveil Taiwan's first self-driving car

2018.09.29

On Sept. 28 at the Taiwan Automotive Technology Innovation Summit 2018, the computer company Acer in collaboration with the Yulon Group introduced the country’s first self-driving automobile.

Read more on Taiwan News

Taiwan President meets British Minister of State for Trade Policy

2018.09.25

President Tsai Ing-wen (蔡英文) expressed the hope for further cooperation with Great Britain on issues including the environment during a meeting Tuesday with George Hollingbery, the British Minister of State for Trade Policy at the Department for International Trade.

Read more on Taiwan News

Economy moving in the right direction: Taiwan President

2018.09.25

Key signs such as economic growth, the unemployment rate, and the stock market index all showed that Taiwan’s economy was still moving forward, President Tsai Ing-wen (蔡英文) told the World Taiwanese Chambers of Commerce Tuesday.

Read more on Taiwan News

Samsung tops smartphone sales volume in Taiwan in August

2018.09.24

Samsung Electronics Co. of South Korea had the highest sales volume among other suppliers in Taiwan in August, driven by the launch of its latest flagship smartphone the Galaxy Note 9, according to industry sources.

Read more on Taiwan News

Confidence in Taiwan's economy improves in September: survey

2018.09.22

Confidence in Taiwan's economy edged higher in September after the government said economic growth in the first half of the year was more brisk than originally projected, according to a survey by Cathay Financial Holding Co.

Read more on Taiwan News

Manufacturing sector posts sales growth for 7th straight quarter in Q2

2018.09.15

Taiwan's manufacturing sector recorded a year-on-year increase in sales for the 7th consecutive quarter in the second quarter of 2018 on the back of rising global demand, according to the Ministry of Economic Affairs (MOEA).

Read more on Taiwan News

Taiwan's gender gap in labor participation narrows

2018.09.15

The gap in the labor participation rate between men and women in Taiwan has narrowed in the past decade at a time when more and more women are jumping into the job market, according to the Ministry of Labor (MOL).

Read more on Taiwan News

Taiwan dedicated to providing friendly financial environment: President Tsai

2018.09.12

President Tsai Ing-wen (蔡英文) said Wednesday that the government is dedicated to fostering a friendly financial environment in Taiwan in hope of attracting more foreign investment and stimulating industrial transformation.

Read more on Taiwan News

Taiwan’s H. Spectrum and 5 biotech companies to cooperate on innovation

2018.09.10

Asia's largest biomedical accelerator, H. Spectrum announced last weekend that it will collaborate with five major companies on a range of innovative medical technologies during the Trans 2018 digital health conference in Taipei on Sept. 8-9.

Read more on Taiwan News

Asia-Pacific trade reps exchange business ideas with Taiwan food giant I-Mei

2018.09.03

A delegation of the largest trade and industry association in the Asia-Pacific visited Taiwan to promote business cooperation across the region. And the delegates took a tour Monday of one of the biggest food factories of the country.

Read more on Taiwan News

Taiwan named world’s third-best investment destination

2018.08.25

U.S. research company, Business Environment Risk Intelligence (BERI) ranked Taiwan as equal third best detention in the world for investment, the Ministry of Economic Affairs (MOEA, 經濟部) said in a statement on Aug. 23.

Read more on Taiwan News

Taiwan to start producing ‘caviar of citrus' after 6 years of development

2018.08.19

After six years of cultivation, Taiwan has successfully started to produce the Australian finger lime, also known as the "caviar of citrus" according to CNA.

Read more on Taiwan News

EVA consolidating two subsidiaries to boost efficiency

2018.08.14

EVA Airways Corp (長榮航空) yesterday announced plans to consolidate two aerospace subsidiaries to achieve economies of scale and greater efficiency. 

Read more on Taipei Times

Taiwan delegation secures NT$6 billion in new investment from US

2018.08.06

A Taiwanese investment-seeking delegation secured NT$6 billion (US$0.2 billion) in new investment from the U.S. during a trip to three major U.S. cities from July 29 to August 5, Taiwan's Ministry of Economic Affairs said in a statement on August 5.

Read more on Taiwan News

Taiwan economic growth in second quarter better than expected at 3.29%

2018.07.31

Taiwan’s economic growth for the second quarter of 2018 came in better than expected at 3.29 percent, the government estimated Tuesday.

Read more on Taiwan News

TIER raises Taiwan’s 2018 GDP forecast

2018.07.26

The Taiwan Institute of Economic Research (TIER, 台灣經濟研究院) research institute has revised its forecast for Taiwan's 2018 GDP growth to 2.49 percent, citing robust exports and consumption, at a press conference

Read more on Taiwan News

HTC to launch first blockchain phone

2018.07.13

HTC Corp (宏達電) yesterday said that it would release the world’s first blockchain-powered smartphone to early adopters by September, followed by a wider release toward the end of this year.

Read more on Taipei Times

Institute increases GDP growth forecast for Taiwan

2018.07.02

The Taiwan Research Institute (TRI, 台灣綜合研究院), a leading economic think tank, on Friday last week raised its forecast for the country’s GDP growth for this year, citing robust export performance amid a strengthening global economic recovery.

Read more on Taipei Times

Guatemala trade team visits I-Mei factory, hoping for more Taiwan-Guatemala trade tie-ups

2018.06.27

A Guatemala trade delegation arrived in Taiwan this week and visited a food factory in Taoyuan on Tuesday with the aim to promote bilateral trade between the two countries.

Read more on Taiwan News

Taiwan ranked as 5th largest lender worldwide

2018.06.19

Taiwan remained the world's fifth largest lender in 2017 as its net international investment position rose more than 6 percent from a year earlier, according to the country's central bank.

Read more on Taiwan News

Upcoming smart city fair to draw participants from 18 countries

2015.05.21

Potential buyers and exhibitors from 18 countries have registered so far for SMART ASIA Taiwan 2018, a trade fair showcasing smart city solutions and urban development that will be held in Taichung in July, the event's main organizer said Monday.

 

Read more on Focus Taiwan

Taiwan ranked 17 in World Competitiveness by Swiss institute IMD

2018.05.24 

IMD, a famous business school based in Lausanne, Switzerland published their annual World Competitiveness Rankings for 2018 on Wednesday, May 23.

Read more on Taiwan News

Taiwan unveils proposal to attract mid-level foreign staff

2018.05.15

Premier William Lai (賴清德) on Tuesday unveiled a proposal for a “New Economic Migrant Act” (新經濟移民法) to attract more mid-level technical staff from overseas.

 

Read more on Taiwan News

Macquarie Capital invests in Taiwan's driverless car development

2018.05.03

Australia-based Macquarie Capital said Thursday that it plans to set up a joint venture with a Taiwanese driverless car company by the end of this year to tap into the green energy market.

Read more on Focus Taiwan.

Four Taiwanese women honored on ‘Forbes’ list

2018.03.30

Four Taiwanese women have been named on this year’s Forbes “30 Under 30 Asia” list, which features 300 people under the age of 30 from across 10 industries, who are making a difference in their fields.

Read more on Taipei Times

Taiwanese and Vietnamese businesses hold forum to increase bilateral trade

2018.04.18

On April 16 in Hanoi, Vietnam the Taiwan External Trade Development Council (TAITRA) in cooperation with the Vietnam Trade Promotion Agency (VIETTRADE) hosted a formal business networking forum.

Read more on Taiwan News

Economy to advance at an annual 2.58% this year: Central Bank

2018.03.22

Taiwan's economic growth rate for this year is projected to be 2.58 percent, with the consumer price index (CPI) and core CPI set to grow at a pace of 1.27% and 1.26% respectively in 2018, according to the Central Bank's forecast Thursday.

Read more on Focus Taiwan

Cyber security is matter of national security: Taiwan Economics Minister

2018.03.14

Taiwanese businesses should take cyber security more seriously because it is a matter of national security, Economic Minister Shen Jong-chin (沈榮津) said Wednesday.

Read more on Taiwan News

Microsoft Taiwan plans to hire more women for tech jobs

2018.03.07

Microsoft Taiwan said Wednesday that it will give priority to female applicants in its latest recruitment drive, as part of an effort to close the huge gender gap in the domestic tech industry.

More News on Focus Taiwan

Taiwan's Taoyuan Intl. ranks 3rd in service quality among world's largest airports

2018.03.07

The Airports Council International (ACI) has released their official rankings for the Airport Service Quality (ASQ) awards, determining which airports across the world offer the best service and traveler experience.

Read more on Taiwan News

NDC expects Taiwan’s economy to gain momentum in 2018

2018.02.21

Taiwan’s economy will continue to gather steam this year on the back of forward-looking policymaking in areas spanning infrastructure investment and regulatory easing as well as improving market conditions at home and abroad, according to the Cabinet-level National Development Council Feb. 20.

Read more on Taiwan News

La loi sur le recrutement des professionnels étrangers entre en vigueur

2018.02.12

Adoptée le 31 octobre dernier par le Yuan législatif, la Loi sur le recrutement et l’emploi des professionnels étrangers est entrée en vigueur le 8 février. Elle assouplit les formalités relatives au visa, au permis de travail et au séjour, et facilite l’accès à l'assurance maladie et au système de retraite, dans le but d’attirer des professionnels de talent à Taiwan.

Lire l'article complet sur Taiwan Info

New rules on foreign professionals take effect

2018.02.08

The Act for the Recruitment and Employment of Foreign Professionals, which marks a milestone in Taiwan's recruitment of talent has officially come into effect, according to the National Development Council (NDC) Thursday.

Read more

Taiwan health insurance shows deficit

2018.02.03

As the health insurance system showed a deficit last year, citizens will probably have to pay 21.32 percent or NT$126 (US$4.29) more per year beginning in 2021, the Central News Agency reported Saturday.

Read more

Labor ministry unveils special work conditions

2018.02.01

The Ministry of Labor yesterday announced the special conditions under which workers would be allowed to work up to 12 consecutive days and have their rest time between shifts reduced to eight hours.

Read more

HTC begins new chapter following deal with Google

2018.01.31

2018 could be a decisive year in the ambition of Taiwanese smartphone and virtual reality (VR) device maker HTC Corp. to be the top business in the global VR, augmented reality (AR) and artificial intelligence (AI) sector, now that its financial difficulties have received a boost from a deal with U.S. tech giant Google Inc.

Read more

Google plans to make Taipei its largest R&D center in Asia Pacific

2018.01.30

Taipei will become the biggest research and development center of Google Inc., which completed a deal on Tuesday to acquire a large part of Taiwan's HTC Corp.'s smartphone assets, a Google executive said Tuesday.

Read more

Relaxed rules on foreign professionals to take effect Feb. 8

2018.01.25

Adult children of permanent resident foreign professionals will soon be able to apply for a "personal work permit" to allow them to work in Taiwan, Premier Lai Ching-te (賴清德) announced Thursday.

Read more

Tsai nixes Shih’s minimum wage idea

2018.01.24

Shih on Tuesday last week said that the goal of raising the minimum monthly wage to NT$30,000 could be achieved in four to six years if the amount is increased by between 6 and 8 percent every year. Asked if she would pledge to raise the minimum salary to NT$30,000 by 2024, Tsai said the government could not impose such a goal on economic development. “If the economic conditions are good, if businesses are able to afford raising pay, I believe the salaries will continue to go up even without making changes to the minimum wage,” Tsai said.

Read more

U.S. dollar falls to 5-year low after volatile session in Taipei

2018.01.23

The U.S. dollar fell against the Taiwan dollar Tuesday, shedding NT$0.030 to close at NT$29.402, its lowest level in five years on the back of further foreign fund inflows into the country, dealers said.The strength of the U.S. dollar was capped due to intervention by the central bank aimed at slowing the pace at which the Taiwan dollar appreciates, in a bid to boost the country's competitive edge on the global market, dealers said.

Read more

Exports break yearly, monthly records

2018.01.23

Export orders this month are expected to continue to see robust growth, because of strong demand for electronic components and in traditional industries, Department of Statistics Director-General Lin Lee-jen said. The nation’s export orders surged 17.05 percent year-on-year to a record high of US$48.47 billion last month, largely driven by a US smartphone vendor’s handset orders and rising global demand for servers.

Read more

Ambitious plans for AI development

2018.01.18

Taiwan's Board of Science and Technology announces a four year plan for AI development that calls for training over 20,000 specialists. 

Read more

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