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Find here recent news about the Business in Taiwan.

Flight Attendants’ Union willing to negotiate, EVA pushes back

2019.06.26

TAIPEI (Taiwan News) -- As the EVA flight attendant strike rages on without an agreement reached by either party, the Taoyuan Flight Attendant’s Union (TFAU) has offered to soften their demands on three major issues.

Revenues in retail and food sectors hit record May highs: MOEA

2019.06.25

Retail sales rose 3 percent year-on-year to NT$319.5 billion (US$10 billion) in May, while revenues in the food and beverage industry registered 5.2 percent growth to NT$67.9 billion, according to a report released by the MOEA on Monday.

Taiwan's central bank expected to keep rates steady for 12th straight quarter

2019.06.17

The central bank in Taiwan is unlikely to adjust its key interest rates at its quarterly policymaking meeting on Thursday, according to economists.

Talking with CNA over the weekend, the economists said that while the central bank is expected to maintain its interest rates at the same level for the 12th consecutive quarter this time, it may come under pressure to cut interest rates in the second half of the year.

Taiwan Research Institute sees 2.08 % GDP growth for 2019

2019.06.14

TAIPEI (Taiwan News) – Amid the uncertainty caused by the trade war between the United States and China, the Taiwan Research Institute (TRI, 台綜院) is putting the country’s economic growth at 2.08 percent for this year.

Taiwan 16th most competitive country in world: IMD

2019.05.29

TAIPEI (Taiwan News) -- Taiwan ranked as the 16th most competitive economy in the world this year, based on an annual report by Swiss-based International Institute for Management Development (IMD) released on Tuesday (May 28).

Taiwan gasoline prices rolled back after eight consecutive rises

2019.05.12

Taiwan's two major fuel suppliers announced reductions in fuel prices for the coming week after eight consecutive weeks of price hikes because of a fall in international crude oil prices driven by trade friction between the United States and China.

Taiwan government prepares for trade escalation between US and China

2019.05.11

President Tsai Ing-wen (蔡英文) has ordered government departments and institutions to prepare for an escalation of the trade war between the United States and China.

Delta Electronics to return home to invest in Taiwan

2019.05.09

Delta Electronics, a supplier of power components to Apple Inc., has become the latest company to heed the government’s call to return home with an investment plan worth NT$13.2 billion (US$426 million), reports said Thursday (May 9).

LINE to invest additional US$100 million in Taiwan

2019.05.09

LINE Corp., the mobile messaging and communication services supplier, said Wednesday that it will invest an additional US$100 million in Taiwan after an earlier investment in the local Internet-only banking business.

Phase of legal battle ends for Taipei Dome construction project

2019.05.01

The Supreme Administrative Court ruled Tuesday (April 30) that the city government’s decision to halt Taipei Dome’s construction was legal, rejecting Farglory Group’s appeal over the legality of the suspension order.

Taiwan uses US-China trade war to bring 40 companies back home

2019.04.30

Taiwan has been making the most of the U.S.-China trade war by successfully luring back 40 Taiwanese companies and is on a pace to quickly surpass its year-end a goal of 50 firms and NT$250 billion (US$8 billion).

Taiwan's HTC to roll out second-generation blockchain phone in 2019

2019.04.28

Taiwan-headquartered electronics manufacturer HTC is set to release a second-generation blockchain phone in the second half of the year to increase its presence in the global blockchain market.

Taiwan’s GDP in 2019 to remain at 2.12%

2019.04.28

The Taiwan Institute of Economic Research (TIER) reports that Taiwan’s predicted 2019 GDP growth rate is unchanged at 2.12 percent, as forecast in January, but cautioned against three risks that could affect the island’s economic outlook.

Microsoft holds AI education summit in Taiwan’s Kaohsiung

2019.04.26

Educators from all over Taiwan discussed the rising importance of artificial intelligence at an education summit organized by Microsoft and by the city government in Kaohsiung Friday (April 26).

COMPUTEX returns to Taipei, brings attention to 5G, AI, IoT development

2019.04.16

COMPUTEX Taipei 2019 is taking place at Taipei Nangang Exhibition Center Hall and Taipei World Trade Center between May 28 and June 1, presenting a platform to showcase the latest tech trends.

30 Taiwanese companies return home to invest total of more than NT$120 billion

2019.04.13

 A total of 30 Taiwanese companies were planning to return to their home country and invest more than a combined total of NT$120 billion (US$3.89 billion), the Ministry of Economic Affairs (MOEA) announced Friday.

Taiwan's regular wages up 1.86% in February

2019.04.13

The average regular wages in Taiwan rose 1.86 percent from a year earlier in February, but the latest growth stopped a 14-month rising streak that amounted to a more than 2 percent increase, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).

IMF forecasts Taiwan GDP growth at 2.5% for 2019, 2020

2019.04.10

The International Monetary Fund (IMF) forecast that Taiwan's gross domestic product (GDP) will grow 2.5 percent in 2019 and 2020 in its latest World Economic Outlook report released Tuesday.

Taiwan ranked 18th-largest exporter of goods in 2018

2019.04.05

Taiwan's exports accounted for 1.7 percent of the entire globe's exports in 2018, making the nation the 18th- largest exporter, the same place it held the previous year, according to global commodity statistics released by the World Trade Organization (WTO) Tuesday.

Taiwan ranks No.1 in IC material market for 9th straight year

2019.04.03

Taiwan ranked as the largest semiconductor material market in the world for the ninth consecutive year in 2018, according to data released Wednesday by the global industry association SEMI.

Rental companies protest against Taiwan measures targeting Uber

2019.04.02

Representatives of rental companies walked out of a hearing in Taipei Tuesday to protest against government measures designed to regulate the activities of United States ride-hailing company Uber Technologies.

Taiwan ranked 18th-largest exporter of goods in 2018

2019.04.05

Taiwan's exports accounted for 1.7 percent of the entire globe's exports in 2018, making the nation the 18th- largest exporter, the same place it held the previous year, according to global commodity statistics released by the World Trade Organization (WTO) Tuesday.

Taiwan's FTV elects new chairperson after ousting of Formosa Alliance founder

2019.04.02

Formosa TV (FTV) General Manager Wang Ming-yu (王明玉) was elected as the TV station’s chairman in an interim shareholders’ meeting on Tuesday (April 2) to end a month-long quarrel with the ousted and politically outspoken chairman George P. Kuo (郭倍宏).

US replaces China to become Taiwan's largest debtor

2019.04.01

The United States overtook China to become Taiwan's largest debtor at the end of 2018 on an ultimate risk basis, according to the local central bank.

New Economic Immigration Act in Taiwan will boost domestic economy: CIER

2019.03.30

A draft bill aimed at attracting foreign nationals to fill the workforce gap in Taiwan is likely to create more job opportunities, raise real wages and boost the domestic GDP, research by a local think tank indicated Saturday.

Total of 24 Taiwanese companies returning home to invest

2019.03.29

Another six Taiwanese companies decided to return to the island to invest, bringing the total this year up to 24 for a combined value of NT$91 billion (US$2.95 billion), the Ministry of Economic Affairs (MOEA) announced Friday.

Taiwan industry calls for increased investment in bridging AI skills gap

2019.03.28

A Taiwan-based AI-driven marketing company on Wednesday warned about a widening skills gap in Taiwan in the age of digital transformation, and urged the corporate world to adapt to the challenge.

Taiwan Family Mart introduces cashless 'My Famipay' app

2019.03.25

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

2019.03.24

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

2019.03.24

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

2019.03.23

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

2019.03.22

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

2019.03.21

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

2019.03.20

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

2019.03.20

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

2019.03.20

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

2019.03.18

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

2019.03.16

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

2019.03.15

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

2019.03.15

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

2019.03.14

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

2019.03.11

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

2019.03.09

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

2019.03.08

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

2019.03.05

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

2019.03.04

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

2019.03.01

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

2019.03.01

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'

2019.02.27

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

2019.02.27

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

2019.02.25

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

2019.02.23

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

2019.02.22

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

2019.02.22

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

2019.02.19

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

2019.02.16

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

2019.02.15

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

2019.02.14

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

2019.02.14

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

2019.02.13

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

2019.02.11

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

2019.02.11

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

2019.02.08

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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