Tuesday , October 15 2019
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Taiwan

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

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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

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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

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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

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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

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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

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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

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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 »

Taiwan-India industrial cooperation elevated to an even higher level

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The Taipei Economic and Cultural Center in India (TECC) and the India-Taipei Association (ITA) have signed a Memorandum of Understanding (MOU) on Promotion of Industry Collaboration, as part of efforts to elevate Taiwan-India industrial cooperation to an even higher level. The MOU was signed by TECC Representative Ambassador Chung-Kwang Tien and ITA Director Sridharan Madhusudhanan in New Delhi in the ... Read More »

Taiwan hikes Q2 economic growth to 2.41%

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TAIPEI: The economy likely grew by 2.41 percent during the second quarter, not by 1.78 percent as originally forecast, the government’s Directorate General of Budget, Accounting and Statistics (DGBAS) said. The surprise surge of the Gross Domestic Product was mainly the result of exports and domestic investment, the Central News Agency reported. Last May, the DGBAS predicted that annual growth ... Read More »

Taiwan’s bananas to be served at Japanese schools

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TAIPEI: Taiwan’s bananas will be served at school lunch tables and be available in the supermarkets of eastern Japanese cities starting this November. The Council of Agriculture (COA) signed an agreement on Wednesday (July 24) with the authorities of Kasama, a city northeast of Tokyo, on promoting dining and cultural exchanges between Taiwan and Japan, according to a press statement ... Read More »

14 illegal immigrants from Vietnam nabbed off SW Taiwan coast

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TAIPEI: Fourteen Vietnamese on a Taiwanese fishing boat trying to enter Taiwan illegally were intercepted by the country’s Coast Guard off the coast of the southwestern city of Tainan in the early hours of Saturday (July 13), Central News Agency (CNA) reported on Sunday. The Coast Guard’s Pingtung Fleet Branch said that it obtained a tip a few days ago ... Read More »

Taiwanese companies hit by US-China trade war lured back home by Taipei

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One of Taiwan’s biggest paper manufacturers, which for the past 22 years has done most of its business on the Chinese mainland, is planning to shift the bulk of its operations back home as the trade war between the world’s two largest economies bites into its profits. Long Chen Paper Co, which produces industrial paper, paperboard and corrugated container boxes, ... Read More »

3 additional Taiwan firms pledge to invest NT$37.6 billion at home

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TAIPEI: Three additional Taiwanese companies operating overseas have pledged to invest a total of NT$37.6 billion (US$1.20 billion) in Taiwan to avoid the possible impact from rising trade tensions between the United States and China, according to the Ministry of Economic Affairs (MOEA). Investments pledged by the three companies, including LED back light module supplier Shian Yih Electronic Industry Co., ... Read More »

Taiwanese township shocked by order for 600 million socks as Trump tariffs kick in

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TAIPEI: A small township in western Taiwan has suddenly found itself flooded with an order for 600 million socks after U.S. President Trump announced that he was raising tariffs on a broad spectrum of consumer products from China earlier this month. On May 14, Trump announced that he would raise tariffs on US$200 billion worth of goods made in China ... Read More »

Taiwan emerges as the largest beef export market for Japan in 2018

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TAIPEI: Taiwan has emerged as the biggest beef export market for Japan in 2018, less than a year following the island’s resumption of beef imports from the Northeast Asian country. Japan exported a total of 3,799 tons of beef last year, hitting a record high with 28 percent year-on-year growth, the Nikkei reports. Taiwan joined Hong Kong, Singapore, and a ... Read More »

Taiwan’s economic growth rate claws to top of Asia’s 4 tigers

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TAIPEI: Financial information firm IHS Markit predicts that Taiwan’s economic growth rate will lead the pack among Asia’s four tigers, for the first time in more than 10 years. According to London-based IHS Markit, Taiwan’s economic growth rate this year will be 2 percent. This economic growth rate will put Taiwan on a path to surpass its rival Asian tigers, ... Read More »

Taiwan’s Tsai moots major shift in trade war

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Taiwanese President Tsai Ing-wen has indicated in a recent speech that her government will boost efforts to cut the island’s economic reliance on China, saying the days when “Taiwanese firms make goods in China for export to the US” are over. Tsai revealed a plan to push for a bilateral trade agreement with the US that would adhere to the ... Read More »

2019 Taipei 5G Summit opens May 30

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TAIPEI: The 2019 Taipei 5G Summit will take place at the Taipei International Convention Center (TICC) May 30, bringing together experts from around the world to share their insights on the development of 5G technologies, and providing a platform for businesses to network. In cooperation with COMPUTEX 2019, the theme of the summit is “Readiness for 5G – Technology, Service ... Read More »

LINE to invest additional US$100 million in Taiwan

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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. In a news conference, Jungho Shin, LINE’s co-chief executive officer, said that as LINE moves toward its next stage of growth, Taiwan is one of the markets the company ... Read More »

60% of foreigners working Taiwan’s tech industry are Filipinos

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TAIPEI: At over 60 percent, Filipino workers comprise the majority of foreign workers in Taiwan’s electronics and technology industry, and many Taiwanese companies are shifting production from China to the Philippines. During a recent symposium in the Philippines, Kristy Hsu, program director of the Chung-hua Institution for Economic Research’s (CIER’s) Taiwan ASEAN Studies Center, said that Filipinos are now the ... Read More »