Thursday , September 23 2021
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Taiwan to spend NT$200 million and ramp up mask production to 10 million a day

TAIPEI: As the Wuhan coronavirus epidemic continues to escalate around the world, Taiwan Premier Su Tseng-chang (蘇貞昌) has decided to speed up production of surgical and N95 masks to 10 million a day in five weeks. Despite the announcement of a month-long export ban on surgical and N95 masks and the fact that local mask manufacturers can produce 4 million ... Read More »

Taiwan’s minister of economic affairs discloses priorities

TAIPEI: Minister of Economic Affairs Shen Jong-chin (沈榮津) said that his work priorities for this year are to facilitate investment by reshoring Taiwanese businesses and to increase job opportunities for the people, CNA reported. The total investment in Taiwan by reshoring businesses has reached NT$800 billion (about US$26.5 billion), the minister noted. Speaking to Taiwan’s industrial strength, Shen said that ... Read More »

Taiwan’s Investor Relations platform promotes ethical investing

TAIPEI: 2019 was the year when ESG metrics gained significant attention in Taiwan, culminating with the launch of the world’s first ever, government-sponsored, investor relations platform. To promote a sustainable capital market in Taiwan, Taiwan Depository & Clearing Corporation (TDCC) launched a bilingual IR platform in March 2019 that mainly features ESG evaluations. This provides a new assessment of how ... Read More »

Taiwan’s stock market one of top 3 best performing among emerging economies

TAIPEI: Taiwan is one of the three best performing emerging economies in terms of stock market performances in the past decade, according to U.S.-based finance company MSCI Inc. The MSCI index that gauges emerging market equities has jumped 15 percent since 2010, while the MSCI World index has soared 104 percent during the same period, reported Reuters. Taiwan, Thailand, and ... Read More »

161 US representatives call for Taiwan trade agreement

TAIPEI: A letter addressing U.S. Trade Representative Robert Lighthizer and signed by 161 U.S. House of Representatives has called for the country to start negotiating for a bilateral trade deal with Taiwan. “We believe an agreement with Taiwan would expand markets for American goods, including agricultural products, by addressing existing market access issues, and could serve as a high bar ... Read More »

Taipei mayor lauds Taiwan’s medical industry

TAIPEI: Surgeon-turned Taipei Mayor Ko Wen-je (柯文哲) proposed on Sunday that Taiwan should double down on exporting its medical expertise, rather than just ICT (information and communications technology). At a forum held by Asia Pacific Chinese Medical Global Union, Ko said healthcare is an area where Taiwan can leverage its international clout, as it struggles to exert diplomatic recognition. Ko ... Read More »

Vietnam, Taiwan reap biggest benefits from US-China trade war

TAIPEI: Vietnam and Taiwan have seen the largest surges in exports to the U.S. as its trade war with China rages on, according to data from Statista. German online statistics portal Statista published a report showing that over the first nine months of this year, U.S. imports from Vietnam and Taiwan have seen a year-on-year surge of 35 and 21 ... Read More »

Taiwan targets China’s fake ‘Made in Taiwan’ products

TAIPEI: Taiwan will impose heavier penalties on businesses that fake the origin of their products, after an amendment to the Foreign Trade Act was passed at the first reading in the Legislative Yuan on Monday. The amendment was pushed through to prevent Chinese exporters sidestepping tariffs introduced by the United States by illegally rerouting orders, reported CNA. Goods from China ... Read More »

Taiwan Futures Exchange awards top 43 futures traders

TAIPEI: The Taiwan Futures Exchange (TAIFEX) awarded 43 financial institutions for their dedication to promoting growth in futures trading, enabling win-win solutions for risk-averse investors and brokers. The Taiwan futures exchange has continued to gain momentum year after year thanks to its ever-expanding product lines and longer trading hours that address the massive hedging needs of Taiwan’s institutional and retail ... Read More »

Japan railway company invests in Taiwan five-star hotel

TAIPEI: Japan’s JR-East railway company is planning to invest in the five-star Hotel Metropolitan Premier Taipei, which is expected to open in 2021. To mark and strengthen the friendship between Japan and Taiwan, East Japan Railway Company (東日本旅客鐵道), also known as JR-East, takes over the Westin Taipei Hotel (台北威斯汀六福皇宮). The Westin closed in 2018 and the new owners plan to ... Read More »

Taiwanese businessman to be bestowed Japan’s second highest medal for foreigners

TAIPEI: Taiwanese businessman Lin Por-fong (林伯豐) will be conferred with Japan’s second most prestigious medal for foreign nationals on Thursday (Nov. 7), making him the first Taiwanese to receive such an honor in Japan’s new Reiwa era. Lin will be granted the Order of the Rising Sun, Gold and Silver Star this Thursday as one of the 136 foreign recipients ... Read More »

CIER raises Taiwan’s economic growth forecast for 2020

TAIPEI: The Chung-Hua Institution of Economic Research (CIER) announced that it has revised Taiwan’s economic growth forecast for the next year. According to the CIER, Taiwan’s growth forecast has been increased by 0.27 percent over the previous forecast issued in July. Currently, the institute anticipates that Taiwan’s economy will grow by 2.34 percent in 2020. CIER Vice President Yeh Chun-hsien ... Read More »

Taiwan’s 2019 GDP growth forecast to hit 2.46%: DGBAS

Balking a forecast from a world body on Taiwan’s economy in 2019 amid a weakening global economy, the government is confident that the domestic economy will expand by more than 2 percent this year. Giving a report at a legislative hearing Wednesday, Budget, Accounting and Statistics (DGBAS) Minister Chu Tzer-ming (朱澤民) said Taiwan’s economy will expand 2.46 percent this year, ... Read More »

Japanese Chamber of Commerce asks Taiwan to end ban on food imports

TAIPEI: The Japanese Chamber of Commerce and Industry in Taipei presented its whitepaper asking Taiwan to end restrictions on the import of Japanese food products. The document included six key suggestions, including the lifting of the ban which was imposed after the 2011 Fukushima nuclear disaster on food products from the region. A referendum calling for the ban to be ... Read More »

Taiwan consumer confidence improves in September

Consumer confidence improved in September as domestic demand grew, in particular for durable goods, at a time when more Taiwanese companies were investing at home to avoid the impact of trade friction between the United States and China, a survey released by National Central University showed Friday. Citing the survey, the university’s Research Center for Taiwan Economic Development said the ... Read More »

Taiwan, Vietnam ink MOU on husbandry cooperation

TAIPEI: Taiwan and Vietnam signed a memorandum of understanding (MOU) to cooperate in the husbandry industry as part of the island nation’s bid to promote exchanges with Southeast Asia. The document was inked at the second forum on the “Genetic Selection on Climate-Resilient Farm Animals” held in Taipei, reported United Daily News. The event saw the participation of industry experts ... Read More »

Taiwanese businesses eye markets in India as China-US trade war takes toll

Taiwan is pitching India as a potential business destination for its tech, car, renewable energy and farm sector firms as Washington’s trade war with Beijing pushes the island’s companies to look for newer markets, two officials said on Friday. More than 10,000 Taiwanese companies, including Apple suppliers Foxconn and Wistron, have massive operations in mainland China, thanks to its tax ... Read More »

Taipei mayor asks government to explain stamp tax abolition

TAIPEI: As the Cabinet decided Thursday (September 12) to abolish the stamp tax, Taipei City Mayor Ko Wen-je (柯文哲) said he could accept the measure if the central government could explain how to replace the NT$4.9 billion (US$158 million) the capital would lose each year. The abolition was designed to simplify the national tax system and was welcomed by business ... Read More »

Taiwanese firm investment pledges may top NT$600 billion in September

The amount of investment in Taiwan pledged by Taiwanese firms is forecast to surpass the NT$600 billion (US$19.11 billion)-mark in September under a program launched at the beginning of this year to encourage Taiwanese companies operating overseas to invest at home, the Ministry of Economic Affairs (MOEA) said Saturday. The MOEA said the increase in investment by Taiwanese investors is ... Read More »

Taiwan charges 13 intelligence and airline officials in cigarette smuggling case

TAIPEI: A total of 13 agents of the National Security Bureau (NSB) and managers at China Airlines (CAL) were charged Friday (August 23) for their part in the smuggling of cigarettes involving President Tsai Ing-wen’s (蔡英文) recent foreign trip. On July 22, the day Tsai returned home from a highly successful trip to the Caribbean with stopovers in the United ... Read More »