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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.

Hon Hai Plans Investment in Automotive-related Chinese Firm

Hon Hai Precision Ind. Co., Ltd., one of the world's leading providers of electronics manufacturing services and the largest private manufacturer in Taiwan, recently announced plans to invest in the Chongqing Yuanchuang Technology&Research Industrial Development Co., a Chinese tooling developer th... Full Story

Published: 2014/09/02

Johnson Health Likely to Reap Harvest in Q3

Johnson Health Technology Co., Taiwan-based and well-known maker of fitness and gym equipment, looks to reap harvest in Q3, 2014 due to successful penetration of the European market. K.C. Lo, chairman, recently said that Johnson will become the No. 1 fitness equipment brand this year in Spain, ... Full Story

Published: 2014/09/02

After Nearly Two Years of Decline, Notebook PC Shipments Improve in Q2, 2014

After seven consecutive quarters of declining shipments, the global notebook PC market showed improvement in the second quarter of this year. According to preliminary figures from NPD DisplaySearch, an international market research firm, notebook shipments reached 45.1 million units in Q2, up 1% fr... Full Story

Published: 2014/09/02

Taiwan Sees Growth in Both Income & Spending Budget for 2015

The Executive Yuan (Cabinet) recently approved a 2015 central government budget that includes increases in both revenues and expenditures: a 5.4% rise in revenues, to NT$1.8 trillion (US$60 billion), and a 2.3% boost in expenditures, to NT$1.96 trillion (US$65.33 billion). This will leave a propose... Full Story

Published: 2014/09/02

Taiwan's Average Regular Monthly Pay Shows 4-Year High Rise of 4.11% in H1, 2014

Due to improving business climate, Taiwan’s employees received higher salaries in the first half (H1) of this year, with monthly salary, overtime pay, reward, and bonus posting annual growth of 4.11% in H1, the highest four-year growth, according to Taiwan's Directorate General of Budget, Accounti... Full Story

Published: 2014/09/02

Taiwan's Export Order Value Again Hit Monthly Record High of US$38.18B. in July

The value of export orders received by Taiwan’s manufacturers and traders reached US$38.18 billion in July for an annual rise of 5.7%, the sixth consecutive monthly growth but down US$630 million from the previous month, according to the statistics released by Taiwan's Ministry of Economic Affairs ... Full Story

Published: 2014/09/01

J.N. Yang Promoted to Head Taiwan's BOFT

J. N. Yang, deputy chief negotiator of the Office of Trade Negotiations (OTN) under Taiwan's Ministry of Economic Affairs (MOEA), has been promoted to lead the Bureau of Foreign Trade (BOFT) to replace C. F. Chang, becoming BOFT’s first female director general. Yang, also deputy chief negotiati... Full Story

Published: 2014/09/01

Taiwan's Population Growth to be Negative by 2022

Population growth in Taiwan is forecast to decline by 2022, four years earlier than expected, with 65-and-older people to make up over 40% of the total population by 2060, exceeding the corresponding percentages in Japan, South Korea, the United States and Europe, according to a report recently r... Full Story

Published: 2014/09/01

Auto-parts Makers Diversify to Grow

Some major auto-parts makers have been aggressively diversifying their product lines in pursuit of higher revenue. Hiroca Holdings Ltd., a Taiwan Stock Exchange (TSE)-listed company, is scheduled to soon tap into the 3C (computer, communication, and consumer electronics) market by applying its 3D l... Full Story

Published: 2014/08/29

Hotai-Asus Partnership's Toyota Smart Car System Realizes 1-Tablet-3-Locale Usage

Targeting to meet requirements of "smart driving" nowadays, Hotai Motor Co. Ltd., Taiwan's agent of Toyotas in Taiwan and a major auto vendor on the island, recently launched the Toyota Smart Car System, an advanced vehicle infotainment system with an inter-connected and detachable tablet PC on t... Full Story

Published: 2014/08/29

Innolux Advances to No. 2 Spot in Notebook PC-panel Market in Q2, 2014

Global shipments of large-sized (larger than 10-inch) thin film transistor-liquid crystal display (TFT-LCD) panels in July dropped 5% month-on-month (MoM) to 68.21 million units, according to WitsView Technology Corp., an LCD market research firm. Innolux Display Corp., the largest TFT-LCD m... Full Story

Published: 2014/08/29

Tablet Shipments to Fall the 1st Time Since 2011: WitsView

After enjoying high growth rates in the past five years in a row, worldwide shipments of tablet PCs are expected to fall annually the first time in 2014, while those of notebook PCs are forecast to rebound from the bottom, according to WitsView Technology Corp., a LCD market research firm. Some ... Full Story

Published: 2014/08/29

AIDC to Supply Composite Panels for Best-selling Airbus A320 Planes

Aerospace Industrial Development Corporation (AIDC), a major aerospace company in Taiwan, recently became a tier-one supplier to Airbus of Europe, one of the world's largest aircraft manufacturers. AIDC used to be a major state-run enterprise engaged in military-aircraft development and production,... Full Story

Published: 2014/08/28

Taiwan's 2013 Tax Burden of 12.6% the Lowest Globally

Taiwan’s tax revenue-to-GDP or so-called tax burden rate edged down 0.2 of a percentage point from a year earlier to hit the world’s lowest of 12.6% in 2013, a new three-year low and the second consecutive annual drop, according to Taiwan's Ministry of Finance (MOF). MOF indicates that such tax ... Full Story

Published: 2014/08/28

Taiwan's RMB Deposits up 0.1% in July

Taiwan's outstanding renminbi (RMB)-based deposits totaled some 293 billion RMB as of the end of July for a monthly increase of 288 million RMB or 0.1%, the lowest rise on record, according to Taiwan's central bank. Designated domestic banking units (DBUs) absorbed RMB deposits of 240.988 billio... Full Story

Published: 2014/08/28

Tire Maker Kenda of Taiwan Hits Record Quarterly Earnings in Q2, 2014

Two major Taiwan-based rubber-tire makers, Kenda Rubber Ind. Co., Ltd. and Cheng Shin Rubber Ind. Co. Ltd., recently reported Q2 operational results. Cheng Shin registered net earnings of NT$3.39 billion (US$112.9 million) in Q2, down 7.6% quarter-on-quarter (QoQ), and 26.9% year-on-year (YoY), ... Full Story

Published: 2014/08/28

DGBAS Raises Taiwan's 2014 Economic Growth Forecast to 3.41%

Taiwan’s Directorate General of Budget, Accounting & Statistics (DGBAS) lately raised its forecast on Taiwan’s economic growth this year to 3.41%, up 0.43 of a percentage point from 2.98% predicted in May and exceeding the goal of 3.2% for the year. M.T. Sun, director of the Center for Economic ... Full Story

Published: 2014/08/27

Taiwan's Auto-parts Exports Continue to Hit Record High in 2013

Global uptrend in sales of new cars in 2013 has benefited the auto-parts industry in Taiwan, a global-scale production and supply base of aftermarket (AM) replacement items, while an increasing number of companies have been tapping international vehicle makers' supply chains as original equipment (... Full Story

Published: 2014/08/27

Taiwan's FHCs Increase Capital for Overseas Expansion

To expand global operations, Taiwan’s five financial holding companies (FHCs), including Cathay Financial Holding Co., Fubon Financial Holding Co., Shin Kong Financial Holding Co., Taihsin Financial Holding Co., and E. Sun Financial Holding Co., have or plan to raise capitalization this year. Su... Full Story

Published: 2014/08/27

Taiwan's REER Remains Lower than S. Korea's for 13th Straight Month in July

The real effective exchange rate (REER) index for the New Taiwan dollar posted at 101.03 in July, lower than 101.24 of a month earlier and lower than that of the South Korean won for the 13th consecutive month, according to the statistics released by the Bank for International Settlement (BIS). ... Full Story

Published: 2014/08/27

Taiwanese Banks Inclined to Set up Subsidiaries in China Amid Widening Market

With further opening of the financial market in China, Taiwanese banks, including Bank SinoPac, Taipei Fubon Commercial Bank, Cathay United Bank, E. Sun Bank, Hua Nan Bank, CTBC Bank, Mega International Commercial Bank, and Bank of Taiwan (BOT), are more inclined to set up subsidiaries there. Ba... Full Story

Published: 2014/08/27

CPPCC Chairman Yu Responds Positively to Taiwan's CNFI Delegates

S. H. Hsu, chairman of Taiwan’s Chinese National Federation of Industries (CNFI), recently led a group of 39 CNFI directors and supervisors to Beijing to build better treatment for Taiwanese manufacturers and enhance cross-strait trade. In Beijing, Hsu and his group met Yu Zhengsheng, chairman o... Full Story

Published: 2014/08/26

Makalot's Profits Grow 26.29% to NT$1.18B. in First 7 Months

Makalot Industrial Co., Taiwan’s leading garment maker, scored pretax profits of NT$158 million (US$5.27 million) in July for a sizable year-on-year growth of 26.29%, with the profits totaling NT$1.188 billion (US$39.6 million) in the first seven months for earnings per share (EPS) of NT$7 (US$0.2... Full Story

Published: 2014/08/26

Taiwan Approves "Rich Man's Tax" to Narrow Wealth Gap

To narrow the wealth gap, Taiwan’s legislature has recently approved a taxation reform proposed by the Ministry of Finance (MOF) to raise the ceiling tax rate to 45% from the current 40% on those with annual net income exceeding NT$10 million (US$333,333), with some 9,500 people likely subject to t... Full Story

Published: 2014/08/26

Taiwan's Exports up for 6th Straight Month in July

Taiwan’s exports showed the sixth consecutive monthly growth of 5.8% to US$26.77 billion in July, the second highest for the month on record, with imports up 9.5%, according to the statistics released by the Ministry of Finance (MOF). M.T. Yeh, director general at Department of Statistics of MOF... Full Story

Published: 2014/08/26

Taiwan's Forex Reserves Hit 8th Straight Monthly Record High of US$423.6B in July

Taiwan’s foreign exchange reserves slightly increased US$207 million from a month earlier to hit the eighth consecutive monthly record high of US$423.661 billion in July, making Taiwan remain the world’s fourth-largest forex reserves holder, according to Taiwan's central bank. The central bank a... Full Story

Published: 2014/08/26

Bio+ICT, Next Diamond for Taiwan: Hukui Chairman Hsuan

John Hsuan, chairman of a new local biotech company Hukui Biotechnology Corp. and honorary chairman of semiconductor company United Microelectronics Corp (UMC), recently pointed out that the biotechnology + information and communication technology (ICT) is expected to become Taiwan's next "diamond"... Full Story

Published: 2014/08/25

New-car Sales in Taiwan Rise 19% in H1: ARTC

More than 211,000 new cars were sold in Taiwan in the first half of 2014, a 19% increase year-on-year (YoY) and a record high for the period since 2006, according to Taiwan's Automotive Research & Testing Center (ARTC), the most important transportation-vehicle R&D and testing hub on the island. ... Full Story

Published: 2014/08/25

Cabinet Advisor Liang to Replace C.K. Wang to Head TAITRA

Taiwan's Ministry of Economic Affairs (MOEA) recently announced that Francis K.H. Liang, advisor to the Cabinet, is to replace C.K. Wang to head Taiwan External Trade Development Council (TAITRA), the government-backed trade-promoter. C.K. Wang, aged 72 and current chairman of TAITRA, will repo... Full Story

Published: 2014/08/25

Taiwan's Inbound Tourist Arrivals Over 4.8-Million in H1, 2014

Taiwan's in-bound international tourist arrivals rose 26.69% from a year earlier to some 4.8 million in the first half (H1) of 2014, the highest of its kind on record, according to the statistics released by Taiwan's Tourism Bureau. Chinese mainlanders led with 1.962 million, surging 38.45% from... Full Story

Published: 2014/08/25

 
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