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.
Impacted by the typical wave of Taiwanese employees looking for greener pastures after the Chinese New Year break, Taiwan’s unemployment rate in March inched up to 3.72 percent from 3.69 percent as seen in February, but still hitting a 15-year nadir for the month, according to the latest report iss... Full Story
The Bureau of Foreign Trade of Taiwan’s Ministry of Economic Affairs (MOEA) says both Taiwan and Singapore are heartened with the positive economic results brought by the Agreement between Singapore and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu on Economic Partnership (ASTE... Full Story
Mainly dampened by weak international crude oil prices that hover around US$50 a barrel, coupled with growth slowdowns in exports by Taiwan's electronics suppliers, Taiwan’s overall exports plummeted 8.9 percent year-on-year (YoY) to only US$25.27 billion in March, stirring fears that the island’s ... Full Story
Taiwan’s yacht industry chalked up a 13.16 percent yearly growth in exports of US$172 million in 2014, the first double-digit growth in the past five years to indicate an encouraging turnaround since the global yacht market began to sour amid the aftermath of the global financial meltdown in 2008, ... Full Story
Taiwan's Ministry of Finance (MOF) announced collecting NT$353.4 billion (US$11.40 billion) in taxes in the first quarter, increasing 5.8 percent year on year to hit 15-year high.
The ministry says listed companies on Taiwan’s stock exchange and over-the-counter markets together generated NT$2.3... Full Story
Taiwan’s consumer price index (CPI) for this February slipped 0.19 percent from the same month of last year, according to the Directorate General of Budget, Accounting and Statistics (DGBAS) under the Taiwan Cabinet.
Although the February index was 0.36 percent higher than in the previous month,... Full Story
Throughout 2014, some 1,500 of Taiwan’s listed companies made a total of NT$1.8 trillion (US$58.06 billion) in after-tax net income, increasing 18 percent year on year to hit all-time high, with the most profitable industries listed on the island’s main-board and over-the-counter markets last year ... Full Story
Taiwan's Deputy Economic Minister S.C. Cho announced that Taiwan and China will hold the 10th round of trade-in-goods talk March 31 through April 2 in Beijing, to primarily focus on market opening and tax concessions on four categories of goods.
Also Taiwan’s representatives will use this round ... Full Story
Affected by fewer working days throughout February due to the Lunar New Year break, alongside impacts of recently new lows in crude oil prices on local mining, petroleum and plastic industries, Taiwan witnessed its exports in the month drop by 6.7 percent year-on-year to US$19.86 billion, dragging ... Full Story
Fewer working days in February due to the timing of the Lunar New Year holiday contributed to a 16.3% fall in taxes collected in Taiwan during the month. The NT$57.1 billion (US$1.81 billion) received was NT$11.2 billion (US$355.56 million) less than the same month last year, the Ministry of Financ... Full Story
Seemingly immune to seasonal factors, Taiwan’s export orders in January grew 8 percent year on year (YoY) to US$39.04 billion, the highest January record in history, according to the latest statistics compiled by Ministry of Economic Affairs (MOEA).
Additional good news for Taiwan’s export-drive... Full Story
Mainly driven by robust service sectors in Taiwan likely due to rising tourist arrivals from China, Japan, S. Korea, manpower demand of Taiwanese enterprises in Q2, 2015 is estimated to increase 45,063 people relative to that in Q1, the strongest increase for the quarter in history, as shown by the... Full Story
Nanya Plastics Crop., reportedly the most profitable member of the Formosa Plastics Group (FPG) last year, has recently started a three-year, NT$33 billion (US$1.06 billion) investment project targeting its businesses in Taiwan, China, Vietnam and the United States.
Its operations in China will ... Full Story
Taiwan’s manufacturers of petrochemicals, liquid-crystal displays, automobiles and machine tools can take a sigh of relief after learning the free trade agreement (FTA) China and South Korea initialed on February 25 does not offer as much leeway for trade and duty-reduction as had been expected by ... Full Story
Taiwan’s National Biotech Research Park, the island’s first government-invested integrated biotech park incorporating research, development and startup incubation capacity, will open in April 2016, according to Academia Sinica President C.H. Wong, whose organization came up with the idea for the pr... Full Story
Last year, Taiwan’s three science-based industrial parks, namely the Hsinchu Science and Industrial Park (HSIP), the Central Taiwan Science Park (CTSP), and the Southern Taiwan Science Park (STSP), together set record highs in production revenue, export revenue, and employment.
According to Taiw... Full Story
January saw Taiwan’s 10 export processing zones overseen by the Ministry of Economic Affairs (MOEA) generate some NT$32.9 billion (US$1.06 billion) in export revenue, increasing 16 percent year on year to hit a new high, according to the ministry’s Export Processing Zone Administration.
Based on... Full Story
Following over five decades of development, the yacht building industry in Taiwan has established a solid name among professional buyers and yacht owners throughout the world, helping the island retain its crown as Asia's biggest producer of yachts 80 feet and longer in 2015.
The latest news rep... Full Story
With international crude oil prices having fallen to record lows since the 2008 financial meltdown and a major news channel reporting per barrel price may dip to US$20, Taiwan’s GDP in 2015 is forecast to grow by around 4 percent, an equivalent of some NT$160 billion (US$5.08 billion), over 2014, a... Full Story
Revenue or turnover of Taiwan’s businesses, described by the government chiefly as retail, wholesale and food services, totaled NT$14.5 trillion (US$460.31 billion) in 2014 to set a new high for the second consecutive year, according to Ministry of Economic Affairs (MOEA).
In December, busin... Full Story
Taiwan’s heavyweight manufacturers including the Hon Hai Technology Group, Hiwin Technologies Corp., and Advantech Co., Ltd. have expressed eagerness to join Taiwan's executive ministry's program to push application of big data.
Hon Hai Chairman Terry Gou told Vice Premier Simon Chang of his hop... Full Story
Taiwan’s unemployment rate dropped to 3.96% throughout 2014, being sub-4% for the first time in seven years, according to the Directorate General of Budget, Accounting and Statistics (DGBAS).
Nevertheless such rate was higher than Hong Kong’s 3.2%, Japan’s 3.5%, South Korea’s 3.4% and Singapore’... Full Story
Mostly driven by surging profits generated by local enterprises, the Taiwanese government collected taxes exceeding NT$1.957 trillion (US$61.73 billion) for the fiscal year (FY) 2014, an all-time high, according to the latest report by the Ministry of Finance (MOF).
The MOF indicates that such t... Full Story
Despite a yacht industry with development for over four decades, Taiwan, reputed as “Kingdom of Yachts,” is still a mostly unsung hero in the sector, with products never spotlighted in high-end consumer magazines as "How to Spend It."
Horizon, a shipyard in southern Taiwan, however takes an env... Full Story
Driven by enduring demand for leisure and sports footwear globally, Pou Chen Corporation, Feng Tay Enterprises Co., Ltd. and Fulgent Sun Group, Taiwan’s top-three contract manufacturers of footwear for global brands, all saw consolidated revenue for 2014 hit record highs, and are likely to see brig... Full Story
Taiwan’s consumer price indices (CPI) of 370 commodities inched up only 0.61% in December from the same month of 2013, the lowest growth rate in 10 months, mostly due to plummeting fuel prices, according to the Directorate-General of Budget, Accounting, and Statistics (DGBAS) of the executive minis... Full Story
Despite a low season for the global shipping industry, Taiwan-based Evergreen Marine Corp., a globally known shipper, scored a 27-month high of NT$12.819 billion (US$427.3 million) in revenue for December 2014, up 11% month-on-month or 12.83% year-on-year, according to the firm’s latest financial s... Full Story
Taiwan-based Aerospace Industrial Development Corp. (AIDC), the island’s only manufacturer of military and commercial airplanes, trainers and aircraft engines, saw revenue skyrocket to NT$3.859 billion (US$121.73 million) in December, 2014, surging 85.8% from a month ago to rise 1.49-fold over a ye... Full Story
EVA Airways Corp., Taiwan's second-biggest airline plans to upgrade and expand its aircraft fleet in expectation that performance in 2015 will improve on 2014, when a string of air crashes cast a shadow to the global aviation industry. The brighter outlook is underpinned by improved operational eff... Full Story
Taiwan’s Ministry of Economic Affairs (MOEA) has announced the results of a survey by the Interbrand Corp., a U.K.-based brand consultant, ranking the island’s top 20 international brands for 2014 by brand value. Asus, the world's top-5 PC brand, retained last year's position as No. 1.
Asus is f... Full Story