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.
With smart city applications increasingly causing a buzz in the global ICT (information and communication technology) industry, the Taiwanese government has approved a broadband service and industrial development project designed to boost output value of the island’s 4G sector to NT$1.5 trillion (U... Full Story
The Taiwan-based Tex-Ray Industrial Co., a contract clothing manufacturer, is building a second factory at its manufacturing base in Vietnam as part of its strategy to expand its operations into functional apparel for outdoor activities.
The new factory was scheduled to begin operating in August... Full Story
With the US Fed Reserve delaying QE for some time to allay jitters in global markets, the new Indian prime minister promising to reform labor structure to boost its own economy, coupled with sub-US$85 per barrel oil prices and China pumping new liquidity into its economy, global economic prospects ... Full Story
Due partly to summer travel boom and partly to increased flights, China Airlines Ltd. and EVA Airways Corp. (EVA Air), Taiwan’s two major airlines, both posted rosy sales in August.
China Airlines, with the island’s largest fleet, finished August with revenue of NT$13.704 billion (US$456.8 milli... Full Story
Taiwan's Minster-without-Portfolio B.H. Chiang and the Ministry of Economic Affairs (MOEA) have separately announced new food-management measures to salvage the image of Taiwan’s food industry, which has been tarnished by various oil suppliers in Taiwan and HK importing fodder-grade oils of mixture... Full Story
Taiwan's Minister-without- Portfolio Yu-ling Tsai says she will lead an ad hoc unit to build Taiwan into a hub of creativity and capital-raising for e-commerce industry in the Asia-Pacific as well as for international Internet companies by creating a favorable environment for the industry.
Tsai ... Full Story
Taiwan-based Makalot Industrial Co., Ltd., a sizable contract manufacturer of apparel for global brand vendors, scored revenue of NT$2.035 billion (US$67.83 million) in August, sharply up 23% month-on-month (MOM), or 30% year-on-year (YoY), to hit a 10-month high, mostly driven by customer restocki... Full Story
According to Intellectual Property Office (IPO) of the Ministry of Economic Affairs (MOEA), the volume of patent applications submitted by Taiwanese companies declined by 8.14% in the second quarter--the fifth quarterly drop in a row.
The Hon Hai Group, the world’s largest contract manufacturer ... Full Story
After generally experiencing sluggish demand for container shipping services in the first half (H1) this year, Taiwanese shippers will likely see improving sales starting in September.
One positive sign of improving market is that the Transpacific Stabilization Agreement group composed of 15 glo... Full Story
With a plant construction in Vietnam and capacity expansion in India both underway, Feng Tay Enterprises Co., Ltd., a Taiwanese contract manufacturer of athletic shoes and footwear, will see its 2014 capital expenditure likely reach NT$1.5 billion (US$50 million), with about NT$800 million (US$28.8... Full Story
Social networks and mobile broadband are becoming increasingly popular among the Taiwanese people, and 87.6% of the island's Internet users access social networking websites through their mobile devices, according to the latest survey results issued by the Market Intelligence & Consulting Institute... Full Story
According to Taiwan's Department of Statistics of the Ministry of Economic Affairs (MOEA), in Q2, 2014 Taiwan’s listed manufacturers' R&D investment totaled NT$131.6 billion (US$4.38 billion), up 7.9% year on year, contrasting fixed asset investment dropping 8% to NT$276.6 billion (US$9.2 billion).... Full Story
To better tap the lucrative growth potential of the Myanmar, the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) intends to spend NT$14 billion (about US$466.67 million) to develop an industrial park in the country's southern Ayeyarwady division.
According to industry insider... Full Story
With advertisements placed by construction, cosmetics and financial sectors all declining, Taiwan’s total advertising spending in the first half (H1), 2014 dropped 1.3% year-on-year (YoY) to NT$22 billion (US$703.3 million), according the latest statistics compiled by the global media researcher, N... Full Story
Tigerair Taiwan, low-cost carrier (LCC) established by Taiwan’s China Airlines Ltd. and Singapore’s Tiger Airways, announced its maiden flight to take off from Taiwan to Singapore in late September, earlier than scheduled, to be the island’s first LCC.
The LCC has just entered the fourth certifi... Full Story
Taiwan’s average household savings totaled NT$194,000 (US$6,466.7) in 2013, with household savings rate declining by 0.59 of a percentage point from a year earlier to 20.62%, according to the Directorate General of Budget, Accounting & Statistics (DGBAS).
The island’s average household savings p... Full Story
After the upcoming China-Korea free trade agreement (FTA) comes into effect, Taiwan will likely see its overall output value decline by up to NT$650 billion (US$21.89 billion) within the next three to five years, according to the Industrial Economics & Knowledge Center (IEK), a market research unit... Full Story
Taiwan’s sales of trade and food services in H1, 2014 hit a new high of NT$7.1 trillion (US$237.1 billion), with the sales for June up 4.1% year on year to NT$1.2 trillion (US$41.1 billion), according to the Department of Statistics of the Ministry of Economic Affairs (MOEA), which attributes such... Full Story
With the increasingly challenging global market, along with China and S. Korea being close to signing a free trade agreement (FTA), Rock Hsu, chairman of Taiwan’s Chinese National Federation of Industries (CNFI), urges the Taiwanese government to accelerate negotiations with China on striking a Cr... Full Story
Driven by the rise of low-cost carriers (LCCs) as well as aggressive promotions by Taiwan's airlines and travel agencies, the Taoyuan International Airport saw passenger traffic exceed 16.68 million people in the first half (H1) of the year for a 13.1% increase, compared to 14.75 million in the sam... Full Story
With large enterprises continually migrating there, Central Taiwan Science Park (CTSP), one of Taiwan’s top-3 science parks, is likely to challenge annual revenue of NT$500 billion, an all-time high, said Y.C. Wang, director-general of the CTSP Administration, at the park’s 11th anniversary held la... Full Story
With China and Korea stepping up bilateral negotiations to strike a free trade agreement (FTA), Taiwan’s Ministry of Economic Affairs (MOEA) warns that about one-fourth of the island’s export orders from China may be diverted to S. Korea once the FTA becomes effective.
MOEA said that China last ... Full Story
Taiwan’s manufacturing activity has steadily increased in recent months, as the latest report issued by Ministry of Economic Affairs (MOEA) indicates that the industrial production index in June grew 8.63% year-on-year (YoY) to 107.93.
Notable is that the growth hit a 39-month high, partly due t... Full Story
TW Edison Technology Co., Ltd., a Taiwan-based developer of small wind turbines for mainly residential micro-power-generation with paid-in capital of NT$80 million (US$2.66 million), will commercialize the world’s first magnetic levitation electricity-generator in the coming year, according to the ... Full Story
With renminbi (RMB) settlement services increasingly available worldwide to facilitate global trade with China, Taiwan exceeds Asian nations in optimism about the growth potential in trade and transactions with the country, confirms the latest survey by Hong Kong-based HSBC Holdings regarding the ... Full Story
With cross-strait trade agreements stalled to exacerbate foreign investors’ anxiety of Taiwan’s slow regional economic integration, the island’s foreign direct investments (FDIs) and Chinese investments both declined significantly in H1, 2014.
The latest statistics published by the Investment Co... Full Story
Taiwanese enterprises in Vietnam are generally upbeat with the setting up of a branch of the Metal Industry Research & Development Centre (MIRDC), a Taiwanese government-funded R&D institute, who has signed a memorandum-of-understanding with Canxin Group, a consultant and provider of investment ser... Full Story
In line with governmental policy on industrial upgrading and transformation, Taiwan's Ministry of Economic Affairs will step up soliciting foreign investments in the nation's four industries seen to have potential for national development, including offshore wind turbines, electric commercial veh... Full Story
To restructure its economy to achieve sustainable growth, Taiwan has been developing the local maritime industry over the past years, to have created positive results to boost the island’s image as a maritime nation, said C.Y. Chen, Deputy Minister of Transportation and Communications (MOTC), at ... Full Story
Mainly driven by pervasive hikes of freightage for U.S. trade lines, Yang Ming Marine Transport Corp., Taiwan’s top-2 shipper by fleet size, scored revenue of NT$12.227 billion (US$407.56 million) for June, up 10.82% month-on-month, or 5.87% year-on-year, to a 23-month zenith, according to its lat... Full Story