Looking in-depth at the latest developments in production, sales, product design innovation, and technology advancements, as well as overall supply capabilities of Taiwan’s major export industries, these reports focus on machinery, auto parts, hardware, furniture, lighting and hardware etc. to keep global buyers and readers informed and better prepared to do business with Taiwan suppliers.
Despite being stalled in signing free trade agreements (FTAs) with trade partners, Taiwan has formally begun multi-lateral negotiations to strike environmental goods agreements with 13 WTO (World Trade Organization) member nations, announced earlier the Ministry of Economic Affairs (MOEA).
Acco... Full Story
With Taiwan’s exports surging due to the simmering global economy, as well as promotions of large container ships, the Kaohsiung Port, the largest commercial port by throughput on the island, saw its container handling volume reach some 914,400 TEUs (twenty-foot equivalent units) in June, the secon... Full Story
Taiwan should target service and Internet technology to direct the future development of its industry, said Taiwan Semiconductor Manufacturing Co. (TSMC) Chairman Morris Chang when he addressed an audience in Taipei on the nation's industry policy.
When asked if Taiwan can create another mega-fi... Full Story
Taiwan’s economic outlook may be increasingly brightening, shows the latest investment survey published by the Ministry of Economic Affairs (MOEA), with local manufacturers more willing to invest in Taiwan this year.
The survey indicates that about 25.7% of the polled 3,000-plus firms at home a... Full Story
With steadily growing economic cooperation between Taiwan and China making the island increasingly attractive for Japanese investors as an overseas investment destination, as many as 20 letters of intent (LOIs) signed by Japanese firms for investments in Taiwan in the past four years all have been ... Full Story
To help Taiwanese medical instrument manufacturers explore markets more effectively, the Metal Industries Research & Development Centre (MIRDC), a government-funded R&D institute, held the Medical Instrument Innovative Technology Matchmaking & MOU signing in early July in Kaohsiung, southern Taiwa... Full Story
CSBC Corp., Taiwan plans to set up a marine construction services subsidiary to develop offshore wind power farms in 2015, according to company chairman Robert Lai. The state-owned shipbuilder hopes to tap into the huge business opportunities created by Taiwan's active development in the green ener... Full Story
According to China News Service (CNS), China’s second-largest government-run media, executives from around 20 energy companies in Taiwan and China jointly visited the U.K. for five days in late June to study investment opportunities in new energy technologies.
The executives were invited by the... Full Story
CKYHE Alliance’s agreement on expanding cooperation on maritime trade routes to and from the U.S. has just been formally approved by the U.S. Federal Maritime Commission (FMC), which should drive growth of the two Taiwanese members, Yang Ming Marine Transport Corp. and Evergreen Marine Corp., start... Full Story
Former Vice President of Taiwan Vincent Siew recently suggested that Taiwan should reduce dependence on trade with China in light of increasing anxiety on the potential consequences of such over-dependence.
He made the statement at the R.O.C-U.S.-Japan Trilateral Security Dialogue held recently ... Full Story
With Asia’s cruise travel market rapidly growing, Taiwan, strategically located between Northeast and Southeast Asia’s cruise network to boast the biggest advantage among others to develop such segment, targets cruise passenger arrivals of 1 million by 2015, according to the Ministry of Transportat... Full Story
To enhance exchange and cooperation between the mining industries of APEC (Asia-Pacific Economic Cooperation) member nations, Taiwan sent a delegation of officials and industry representatives led by Vice Minister of Economic Affairs Woody Duh to the 5th Meeting of APEC Ministers Responsible for Mi... Full Story
With ferry passage being increasingly popular between Taiwan and China as an economical, convenient alternative to airplanes, the number of cross-strait ferry passengers is estimated to exceed 400,000 this year, according to Taiwan’s Ministry of Transportation and Communications (MOTC).
MOTC say... Full Story
German investments in Taiwan are gradually shifting from the north to the central and south, as shown by the latest business confidence survey by the German Trade Office Taipei, which shows Taichung, a central metropolis, is preferred over Taipei as the most attractive investment destination on th... Full Story
To facilitate bilateral investment and trade by creating better tax and investment environments, Taiwan and South Korea are starting negations on double taxation and custom cooperation agreements in July, confirmed S.F. Chang, Taiwan’s Minister of Finance, after a meeting with the newly inaugurated... Full Story
With efforts on improving product mix, customer base and operating efficiency gradually paying off, Makalot Industrial Co., Ltd., Taiwan’s largest apparel manufacturer by size, optimistically aims for a 25% year-on-year growth in annual profits this year compared to last year.
At an investors co... Full Story
With its passenger and freight transport businesses both rising steadily, China Airlines Ltd., Taiwan’s largest airline by fleet size, expects better performance this year than last year, according to the chairman, H.H. Sun, at an investor conference held earlier.
The chairman bases his optimism... Full Story
Taiwan International Port Corporation (TIPC), a government-linked operator of the island’s commercial ports, continues to play a part to boost development of the local cruise travel market this year.
TIPC recently signed a memorandum of understanding (MOU) with U.S.’s cruise company, Royal Carri... Full Story
Taiwan-based Pou Chen Group, world’s largest contract manufacturer of footwear by shipment, has decided to invest US$100 million to set up its first manufacturing base in Myanmar.
The new plant occupies some 16 hectares in Myanmar’s capital, Yangon, and is scheduled to be operational at the end ... Full Story
Following 28 years of development, Taiwan-based Okuma Fishing Tackle Co., Ltd. has emerged as the world’s No.3 vendor of branded fishing tackle after Japan’s Shimano and Daiwa, mostly thanks to its dedication to OBM (original brand manufacturing) operation.
Established in 1986, Okuma started out... Full Story
To develop Taiwan’s renewable energy technology, Taiwan's Metal Industries Research & Development Centre (MIRDC), a government-funded R&D institute, has signed a letter of intent (LOI) with CPC Corporation, Taiwan, a state-owned petroleum, natural gas, and gasoline company, to cooperate on carbon d... Full Story
Apparently immune to seasonal factors, Taiwan’s top-3 airlines, China Airlines Ltd., EVA Airways Corp. and Transasia Airways Corp., all flew high with revenue jumps in May.
EVA Airways reported the strongest monthly growth of 7.8% in revenue of NT$10.662 billion (US$355.4 million) in the month.
... Full Story
To boost bilateral trade between Taiwan and India, Ministry of Economic Affairs (MOEA) signed a new memorandum of understanding (MOU) with Standard Chartered Bank (Taiwan), to take advantage of the bank’s established connection with the South Asian country to help Taiwanese firms explore the develo... Full Story
To optimize production capacity overseas, Taiwan-based Pou Chen Group, a major contract manufacturer of athletic and casual footwear, has a budget of US$300 million for capital expenditure this year.
Patty Tsai, the group’s CEO, pointed out that the group’s capital expenditure this year notably ... Full Story
With cruise travel in Taiwan being heavily promoted worldwide, such sector on the island is expected to finish this year with output value of NT$4.125 billion, according to Taiwan International Port Corp. (TIPC), a government-linked operator of commercial ports.
TIPC noted that its promotion of ... Full Story
Healthcare is a growing concern worldwide, due partly to the graying of populations everywhere, motivating developed countries to foster the development of health-related sectors. Taiwan is no exception to this trend, and the island's government and private enterprises are engaged in a coordinated ... Full Story
With the global air travel market showing brighter skies this year than last year, Taiwan’s top-2 airlines, China Airlines Ltd. and EVA Airways Corp. (EVA Air), are expanding and upgrading fleets, mainly preparing for new flights to China and North America, respectively.
To cope with more flight... Full Story
Taiwan slipped to No. 13 on the IMD 2014 World Competitiveness Yearbook Ranking from the 11th place in 2013, dropping for the third year to lag even Malaysia.
Of the four main factors IMD uses to measure a nation’s environment, Taiwan moved up two spots in Economic Performance in 2014 but droppe... Full Story
The Directorate-General of Budget, Accounting and Statistics (DGBAS) of the Executive Yuan, Taiwan’s Cabinet, recently raised its forecast for the island’s gross domestic product (GDP) growth this year to 2.98%, up by 0.16 of a percentage point from February's 2.82% forecast.
The improved foreca... Full Story
With economic outlook gradually brightening to motivate domestic enterprises to increase recruitment, Taiwan’s unemployment rate in April declined to 3.91%, a 70-month nadir since the outbreak of the global financial crisis, according to the latest report by Directorate-General of Budget, Accountin... Full Story