Find here recent news about the Business in Taiwan.

Taiwan Family Mart introduces cashless 'My Famipay' app


The Family Mart convenience store chain in Taiwan has announced the launch of “My Famipay” a cashless payment service app that can be downloaded on any smart phone.

2019 Taipei Cycle opens March 27, expanding to Nangang Exhib. Center, Hall 2


The 2019 Taipei Cycle showcase, with 1,139 exhibitors, will open at Taipei Nangang Exhibition Center on March 27 and run through March 30.

Taiwan’s Yunlin petitions to authorities to permit migrants to work as agricultural helpers


Yunlin County Magistrate Chang Li-shan (張麗善) petitioned Taiwan’s agriculture and labor authorities to introduce migrant workers to solve the problem of labor shortages in Taiwan’s agricultural sector, Central News Agency (CNA) reported on Friday.

Confidence in Taiwan economy improves in March


Local confidence in Taiwan's economy improved for a second consecutive month in March as optimism over a possible resolution of the U.S.-China trade war offset concerns over disappointing economic data.

Fifth annual Taiwan Sustainability Reporting Conference held in Taipei


The Fifth annual “Taiwan Sustainability Reporting" conference was held in Taipei on March 22, with the head of the Global Reporting Initiative (GRI), Timothy Mohin, along with over 200 other experts in sustainability reporting in attendance.

Taiwan to overtake South Korea and become global No.2 for semiconductors


Taiwan is likely to overtake South Korea and return to its position as the global No.2 for the production of semiconductors, the Industrial Technology Research Institute (ITRI) said Thursday.

Taiwan’s agricultural institute signs MoU with Thailand to cooperate in startups


Taiwan’s Agricultural Technology Research Institute (ATRI) and Thailand’s Kasetsart University signed a memorandum of understanding (MoU) last week to help advance each other’s agricultural startup work, ATRI said in a news release on March 18.

World's top AI startups gear up for Taiwan's Smart City Summit & Expo


The 2019 Smart City Summit & Expo (SCSE), which includes four sub-expos, will take place at Taipei Nangang Exhibition Center from March 26 to March 29, and is set to bring together some 36 artificial intelligence (AI) startups from around the world to showcase their latest technologies.

400 7-Elevens in Taiwan stop running 24 hours


Huang Jui-tien (黃瑞典), the general manager of the operator of 7-Eleven Taiwan, President Chain Store Corp. (統一超, PCSC), announced on Tuesday (March 19) that 400 of Taiwan 7-Eleven stores no longer operate for 24 hours a day.

StarLux to sign Taiwan’s largest ever single Airbus purchase agreement


Taiwan’s StarLux Airlines Co. (星宇航空), which plans to start operating flights early next year, will sign an agreement with Airbus in Taipei on Tuesday to purchase 17 A350 wide-body aircraft, Central News Agency (CNA) reported on Monday.

Taiwan's bilingual IR Platform kicks off to better serve global investors


To improve corporate governance and investor relations, Taiwan's financial authorities are demanding that listed companies publish English-language financial reports, annual reports, and shareholders meeting agendas, while a bilingual investor relations platform was recently kicked off to complement the efforts.

McDonald’s Taiwan starts accepting EasyCard payment


People in Taiwan can now pay for their meals with EasyCard at the country’s McDonald’s outlets, the fast food chain giant announced Friday.

Taiwan's Hung Hua Construction signs MOU with Dutch shipbuilder to expand offshore wind support vessels


Taiwanese marine construction company Hung Hua Construction (HHC) signed a purchase agreement, followed by another MOU with Dutch shipbuilding company Damen for further joint cooperation, at one of the region's largest wind energy expos, in support of the government's renewable energy policy to move away from nuclear and coal-fired power generation.

Taiwan removed from EU tax haven greylist


The European Union has removed Taiwan from the bloc's greylist of tax havens, acknowledging the nation's efforts at implementing anti-tax avoidance measures, Taiwan's Ministry of Finance (MOF) said Thursday.

EU lauds Taiwan's efforts to push for talks on data transfer deal


The European Union has praised Taiwan's efforts to bring its data protection laws more into line with EU standards to facilitate talks on bilateral data transfers, according to a letter issued earlier this month to Taiwan's Cabinet-level National Development Council (NDC).

Taiwan, Singapore team up on smart technology development


Tainan City-based National Cheng Kung University and Singapore Technologies Engineering Electronics Ltd. concluded a memorandum of understanding on smart technology development March 7 in southern Taiwan.

RISC-V Taiwan established to herald era of AIoT, 5G networks


Spearheaded by Powerchip Semiconductor Chairman Frank Huang (黃崇仁), RISC-V Taiwan was established March 7, paving the way for the next generation of computing design and innovation as the country ushers in an era of the artificial intelligence of things (AIoT).

Taiwan Power Corp. to pay GE US$158 million over 4th nuclear plant


According to an arbitration ruling, the Taiwan Power Corporation will have to pay General Electric Co. (GE) US$158 million (NT$4.8 billion) over the closure of the fourth nuclear plant, reports said Tuesday.

Taiwan's Minister of Economic Affairs opposes increase in electricity prices


Minister of Economic Affairs Shen Jong-chin (沈榮津) said Monday he is not inclined to advise increasing current electricity prices, but the ministry will respect the final decision made by a review committee later this month.

US fashion retailer Forever 21 to pull out of Taiwan: reports


United States-based fast-fashion retailer Forever 21 will close its last remaining store in Taiwan before the end of the month, reports said Friday.

Taiwan’s StarLux Airlines buys 17 Airbus A350 aircraft


Recently established StarLux Airlines (星宇航空) will sign a contract this month to buy 17 Airbus A350 passenger aircraft, reports said Friday.

Elon Musk's Starlink project 'a good opportunity for Taiwanese businesses'


Taiwanese technology businesses ought to be clambering to be a part of Elon Musk’s ambitious new Starlink program, Business Next claims.

Singapore supermarket signs exclusive deal to stock Taiwanese produce from Kaohsiung


Kaohsiung Mayor Han Kuo-yu’s recent trip to Singapore has successfully expanded markets for Kaohsiung farmers, by signing a deal with a Singapore supermarket.

'Team Taiwan' prepares for Foodex Japan, aims to expand market for country's products


Taiwan’s Council of Agriculture, External Trade Development Council (TAITRA), along with food industry representatives are gearing up for the largest agri-food fair in Asia-Pacific, Foodex Japan, which will be held in Tokyo, March 5-8.

Taipei's export orders down year-on-year for 3rd straight month in January


Taiwan continued to feel the pinch of weakening global demand, reporting the third consecutive month of year-on-year decline in export orders in January, the Ministry of Economic Affairs (MOEA) said Friday.

Taiwan to face new tariffs on steel exports to S. Korea


The South Korean Trade Commission is preparing to impose new anti-dumping tariffs on Taiwanese steel bars, according to a report from Yonhap News Agency.

Taiwan agricultural exports hit record high in 2018


Taiwan saw its agricultural exports soar to US$5.47 billion in 2018, marking the highest in two decades, Premier Su Tseng-chang (蘇貞昌) announced Thursday after receiving a briefing on the country’s policy to promote agricultural produce.

Vietnam's Bamboo Airways to open Taiwan routes in 2019


Vietnam’s Bamboo Airways has announced plans to launch 37 flight routes by the end of 2019 connecting major cities of the Southeast Asian nation to international destinations.

Taiwan maintains global leadership in IC wafer fab capacity


Taiwan maintained its global leadership in integrated circuit 200mm-equivalent wafer fab capacity for the fourth consecutive year, according to U.S.-based IC Insights Inc.

AIT: Taiwan is a 'super-innovator' in technology, digital economy


The American Institute in Taiwan (AIT) published a Facebook post Thursday describing Taiwan as a “fellow super-innovator.”

Japan open to Taiwan's CPTPP bid, urges it to solicit more support


The Japanese government welcomes all countries that can accept the principles and standards of a Japan-led international economic bloc, Taiwan included, and has called on Taipei to solicit support from other economic bloc members, a Taiwanese diplomat said Thursday.

Tsai: government will undertake 3 key tasks to bolster Taiwan's SMEs


President Tsai Ing-wen attended a New Year gathering of national small and medium enterprises (SMEs) Tuesday, where she said the government is to undertake three key industry-bolstering tasks.

Taiwan to launch one satellite a year over the next decade


Over the next decade, Taiwan will launch at least one satellite a year under a NT$25.1 billion (US$814.5 million) government plan, Minister of Science and Technology Chen Liang-gee (陳良基) said Wednesday.

Taiwan’s south bound tourism policy attracts rising numbers of visitors from Australia


Taiwan’s south bound tourism policy has seen good results in 2018 as more than 100,000 people from Australia visited Taiwan last year, Taiwan’s Tourism Bureau said.

Taiwan President calls for support to polish ‘Made in Taiwan’ brand


The government of Taiwan will seek to provide assistance to Taiwanese businesses relocating back home in a bid to promote the “Made in Taiwan” label, amid turbulent times marked by trade conflict, President Tsai Ing-wen pledged Monday.

Taiwan ranks 20th in 2018 International IP Index


Taiwan ranked 20th in the international intellectual property (IP) index issued Thursday by the Global Innovation Policy Center (GIPC) of the U.S. Chamber of Commerce.

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