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Industry In-Focus > General Economy
Highlighting specifics such as major R&D achievements, branding strategies, market trends and prospects of Taiwan’s export industries, these analytical, informative reports are designed to give buyers and readers a better grasp of the pulse of the industries and significant events in business.

Taiwan's Economy Predicted to Grow About 3.4% for 2015

Seeing Taiwan’s real GDP growth reach 3.64% in the first three quarters, Institute of Economics of Academia Sinica, an academic institute in Taiwan, has lately raised prediction of the GDP growth this year to 3.42%, up 0.11 of a percentage point from 3.31% predicted earlier. However it forecasts... Full Story

Published: 2014/12/19

Taiwan's Fubon Leads FHCs in First-11-Month Profits

In November eight of Taiwan’s 14 financial holding companies (FHCs) witnessed falling profits from a month earlier due mainly to increasing provisional reserves for writing off bad loans for the year. In the same month Fubon Financial Holding Co. posted after-tax profits of NT$2.63 billion (US$... Full Story

Published: 2014/12/19

Locally-Clustered, Integrated Supply-Chain Fixes Taiwan as World's No.2 Fastener Maker
Vietnam War paved road for island's fastener industry

By STEVE CHUANG Taiwan's media has over the years dubbed the nation "Economic Miracle," a deserved title in the 1980s and 1990s, especially considering the small island has scant natural resources as minerals and fossil fuel. But Taiwan's economic might has been undermined on many fronts by Chin... Full Story

Published: 2014/12/18

Weekly Part-time Work Hours and Monthly Pay Down from 3 Years Ago in Taiwan

A recent survey by the Statistics Department of Taiwan's Ministry of Labor (MOL) shows average work hours of Taiwan’s temporary or part-time workers this year have declined two hours from three years ago to 22.2 hours weekly, with average monthly pay slightly down NT$56 (US$1.87) to NT$12,385 (US$4... Full Story

Published: 2014/12/17

ARATS Chairman Chen Urges Taiwan to Agree Domestically Service Trade Agreement with China

Amid frequent news of declining competitiveness of Taiwan, hardship suffered by Taiwanese youths whose compensation worsens with time, further opening markets on both sides of Taiwan Strait is critical lest Taiwan be even more marginalized in the increasingly competitive global arena, said Chen De... Full Story

Published: 2014/12/16

Taiwan's Tax Revenues Hit Record High of NT$1.85 Trillion in First 11 Months

Taiwan collected tax revenues of NT$187 billion (US$6.23 billion) in November, up by NT$16.8 billion (US$560 million) for an annual growth of 9.9%; this brought tax revenues for the first 11 months of the year to NT$1.8545 trillion (US$61.82 billion), also up 9.9% year-on-year and a record high, ac... Full Story

Published: 2014/12/16

Taiwanese Banks Ink Syndicated Loans MOU with Chinese Banks

Five Taiwanese banks and five Chinese banks inked a memorandum of understanding (MOU) for cooperation in extending syndicated loans during the Cross-Strait Entrepreneurs Summit held on Dec. 14-16 in Taipei. The five Taiwanese banks were the Bank of Taiwan, Taiwan Cooperative Bank, Land Bank of T... Full Story

Published: 2014/12/16

Fitness Gear Maker Johnson Health to Explore Markets in Europe & North America

Johnson Health Tech. Co., a major Taiwan-based fitness equipment manufacturer, plans to further explore markets in Europe and North America in 2015, targeting 10%-15% growth in revenues for the year. K.C. Lo, company chairman, notes Johnson has 345 sales outlets globally, 80% of which being in A... Full Story

Published: 2014/12/15

New Applications and Improved Technology Brighten Prospects for Taiwan's Hand Tool Industry
Manufacturers eye niche markets to sidestep cutthroat price competition

By STEVE CHUANG Hand tool manufacturing, which has been one of Taiwan’s traditional industries with strong presence in the global market for decades, is now looking forward to brighter prospects than ever thanks mainly to new applications and upgraded production technologies developed jointly by... Full Story

Published: 2014/12/12

Taiwan's Exports up 10th Straight Month to US$26.68B. in November

Taiwan’s exports rose an annual 3.7% to US$26.681 billion in November, the 10th consecutive monthly positive rise; and imports went up 5.1% to US$22.464 billion, according to the statistics released by Taiwan's Ministry of Finance (MOF). MOF attributes the export rise to the sizable growth of 10... Full Story

Published: 2014/12/12

Mega Bank of Taiwan Plans to Set up Branch in Abu Dhabi, UAE

After setting up branches in China, Mega International Commercial Bank, a Taiwanese government-linked bank, plans to expand into western Asia and the Middle East. A banking affiliate of Mega Financial Holding Co., Mega Bank scored after-tax profits of NT$20.484 billion (US$682.8 million) in the... Full Story

Published: 2014/12/11

Taiwan's CPI Growth Drops to 0.86% in November

With international crude oil price having dropped to US$65 a barrel to be 5-year low around Dec. 11 to drive consumption, Taiwan’s consumer price index (CPI) rose a slight annual 0.86% in November and is very likely to stay below 1% in December, according to Taiwan's Directorate General of Budget,... Full Story

Published: 2014/12/11

ITRI's Mobile Electro-thermo Recharger Wins RedDot Design Award

The Taiwan government-backed Industrial Technology Research Institute (ITRI) won the Best of the Best prize in the RedDot Design Award championship in September 2014 with its “Energy-Harvesting Thermal-Electric Generator,” a handheld device that recharges low-voltage mobile devices like mobile phon... Full Story

Published: 2014/12/10

Taiwan's Labor Market Expected to Add 44,000 Workers in Q1, 2015

Taiwan’s labor market is expected to grow by a quarterly 44,000 employees in Q1, 2015, a 3-year high for quarterly growth, according to a survey by the Ministry of Labor (MOL). The service sector is estimated to add 22,000 workers and industrial sector 21,000 workers, a 4-year high. T. S. Li... Full Story

Published: 2014/12/10

ECCA Position Papers Urges Taiwan to Enhance Trade with EU

The European Chamber of Commerce Taiwan (ECCT) released the 2015 Position Papers late November urging Taiwan to enhance trade with Europe by removing constraints imposed by locally-developed standards and actively working on the signing of Trade Enhancement Measures (TEM) with EU. The ECCT belie... Full Story

Published: 2014/12/10

Taiwan Ranks 27th in Talent Among 60 Nations for 2014: IMD

Taiwan ranks globally 27th in talent among 60 countries, according to the IMD World Competitiveness Yearbook 2014 compiled by the IMD World Competitiveness Center of International Institute for Management Development (IMD), based in Lausanne, Switzerland. The IMD World Talent Ranking assesses ab... Full Story

Published: 2014/12/10

Taiwan's FSC to Help 8 FHCs to Explore Asian Market

Taiwan's Financial Supervisory Commission (FSC) recently chose eight financial holding companies (FHCs) to whom assistance will be offered to explore the financial market in Asia, including Taiwan Financial, Mega Financial, Cathay Financial, Fubon Financial, CTBC, First Financial, Yuanta Financial... Full Story

Published: 2014/12/10

Taiwan's Business Turnover Hit Record Monthly High of NT$1.2418 Trillion in October

Thanks to rising domestic demand and department stores' anniversary sale promotions, Taiwan’s business turnover hit monthly record high of NT$1.2481 trillion (US$41.6 billion) in October, up an annual 1.5%, according to the statistics released by the Ministry of Economic Affairs (MOEA). In the ... Full Story

Published: 2014/12/10

China's UnionPay Credit-card Transactions Grow to NT$145B. in First 10 Months in Taiwan

Due to rising mainland Chinese tourists, Taiwan witnessed growing China UnionPay credit-card transactions totaling NT$145 billion (US$4.83 billion) in the first 10 months, already exceeding last year’s NT$130 billion (US$4.33 billion), and will very likely hit a record annual high of NT$170 billion... Full Story

Published: 2014/12/08

Taiwan to Encourage Hiring Seniors to Offset Post-2015 Declining Working Population

Due mainly to aging population and low birthrate, Taiwan’s working population of 15-64 year-olds is expected to peak at 17.37 million persons by 2015 and then start to decline over the next decade (2016-2025), with annual average decrease of estimated 180,000 persons that will sap the average GDP b... Full Story

Published: 2014/12/04

Taiwan's Economic Monitor Flashes 9th Green in October

Taiwan’s economic monitor flashed the ninth consecutive green in October despite the annualized 6-month rate of change in the leading composite index edging down 0.18% from a month earlier for the eighth consecutive monthly drop, according to National Development Council (NDC). NDC uses a five-c... Full Story

Published: 2014/12/04

Taiwan's Major Money Supply Indicators Drop in Oct. due to Tepid Bourse

The annual growth of Taiwan’s two major money supply indicators—M1B and M2—declined to 7.18% and 4.98%, respectively, in October with the former hitting a new 17-month low and the latter a 16-month low, according to the central bank. An official at the central bank indicates the fall of both M1B... Full Story

Published: 2014/12/04

Teco's Motor Business Revved up by American Shale Oil Production

With brisk shale oil production spurring considerable market demand for motors in the U.S., Taiwan-based Teco Electric & Machinery Co., Ltd., an established maker of such products in Taiwan, has seen its shipments steadily grow to become a major in the country. C.K. Liu, Teco’s chairman, notes ... Full Story

Published: 2014/12/04

Renault-Nissan Tops Global EV Sales to Deliver 200,000th in Early Nov. 2014

Renault-Nissan recently announced having sold its 200,000th electric vehicle (EV) to lead with 58% market share for zero-emission cars. Together, Renault and Nissan EVs have been driven approximately four billion zero-emission kilometers – enough to circle the earth 100,000 times. Renault-Nissan’s... Full Story

Published: 2014/12/03

Taiwan's Financial Industry to Post Record High Profits of NT$500B. This Year

Taiwan's Financial Supervisory Commission (FSC) Chairman M. C. Tseng recently announced Taiwan’s financial industry this year is expected to post profits of NT$450-500 billion (US$15-16.67 billion) to be the highest on record. Tseng attributes such encouraging performance to mainly to the incl... Full Story

Published: 2014/12/02

Taiwan's ETC Sets 3 World's-Firsts to Draw Global Attention

Far Eastern Electronic Toll Collection Co. (FETC), operator of the ETC on highways throughout Taiwan, recently said that it led a delegation of transportation experts and scholars from Japan, Malaysia, Singapore, Colombia etc. to call on the Taiwan Area National Freeway Bureau (TANFB) to learn mor... Full Story

Published: 2014/12/01

Taiwanese Banks in China Score Milestone Profits Exceeding US$100M. in First 10 Months

Over the past couple years Taiwanese banks have expanded into China to see rising profits. So far 11 Taiwanese banks have operations there and in the first 10 months have scored profits exceeding US$100 million, a milestone, also being confident to see 2014 profits double last year’s. Cathay Uni... Full Story

Published: 2014/12/01

Taipei's NTUT Develops World's 1st Visibility-upgrading Technology

Driving in smog, thick fog or dust storm is always high risk due to poor visibility, and a research team led by professor Huang Shih-jiah of National Taipei University of Technology (NTUT) of Taiwan, known internationally for automotive technologies, has mapped out a solution to upgrade driving saf... Full Story

Published: 2014/11/28

Taiwan's Jobless Rate Drops to 3.95% in October

Taiwan’s unemployment rate declined to 3.95% in October, down 0.01 of a percentage point from a month earlier for the second consecutive monthly fall, with the year-on-year range of fall widening to 0.29 of a percentage point for the 19th straight monthly drop, according to the Directorate General ... Full Story

Published: 2014/11/28

More Advanced Safety Features Drive Demand for Dashboard Screens: DisplaySearch

With more safety features that require a higher level of driver monitoring, the demand for multifunction thin film transistor-liquid crystal display (TFT-LCD) panels in automotive instrument clusters is accelerating. In fact, shipments of TFT-LCD panels for auto instrument clusters are expected to ... Full Story

Published: 2014/11/28

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