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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.

CTBC Bank Leads Taiwanese Peers in Asian Footholds after Tokyo Star Merger

After the merger with the Japan-based Tokyo Star Bank, CTBC Bank is now the first Taiwanese bank with a subsidiary in Japan and the most footholds in Asia due to Tokyo Star’s 31 branches in Japan. Five Taiwanese banks have set up six branches in Japan, including the Bank of Taiwan, First Bank, C... Full Story

Published: 2014/07/24

Taiwan's FSC to Adopt "Global Quota Control" to Offset Market Saturation

To comply with governmental policy, Taiwan's Financial Supervisory Commission (FSC) recently announced that it will adopt "global quota control" to freeze the number of domestic bank branches starting in 2015. So the FSC will not allow domestic banks in Taiwan to set up new branches except to re... Full Story

Published: 2014/07/24

Taiwan's CPI up 1.64% YoY in June

Taiwan’s consumer price index (CPI) posted an annual growth of 1.64% in June, exceeding 1.6% for the fourth consecutive month, due mainly to surging food price hikes, which boosted dining-out expenditures to a six-and-half year high, according to the Directorate General of Budget, Accounting & Stat... Full Story

Published: 2014/07/24

Taiwan's Forex Reserves Again Hit Record High of US$423.45B. in June

Taiwan’s foreign exchange reserves increased US$1.803 billion from a month earlier to a seventh consecutive monthly record high of US$423.454 billion as of the end of June, according to the central bank. Such increase in June was mainly due to the net inflow of US$3.564 billion or about NT$106... Full Story

Published: 2014/07/24

Teco to Set Up Premium Efficiency Motor Plants in China, Japan and Germany

To further expand global business, Teco Electric & Machinery Co., Ltd., an established maker of electro-mechanical products in Taiwan, recently announced plans to set up three motor factories in China, Japan and Germany, to focus on producing premium-efficiency IE3 motors. In 2013, Teco register... Full Story

Published: 2014/07/24

Shipments of Advanced Battery Cells Surged 10% to 6.7 B. Units in 2013

One of the most important factors transforming the global automotive industry is vehicle electrification. Electric vehicles (EVs) are rapidly driving up demand for lithium-ion power cells, and gradually eating market share of traditional internal combustion engine (ICE) counterparts. The advance... Full Story

Published: 2014/07/22

Taiwan's IT Spending to Grow 3% in 2014: Gartner

Taiwan's information technology (IT) spending is estimated to increase by 3% to reach NT$645.6 billion (US$21.52 billion) in 2014, with an annual growth rate some 50% higher than global average, according to Gartner Inc., the world's leading IT research and advisory company. Worldwide IT spendin... Full Story

Published: 2014/07/22

Taiwan's Export Value Up 5th Straight Month to US$26.8B. in June

Taiwan’s export value rose a minimal monthly 0.5% or annually 1.2% to US$26.8 billion in June, up for the fifth consecutive month, according to the statistics released by the Ministry of Finance (MOF). M.T. Yeh, director general of the Department of Statistics under the MOF, predicts that the e... Full Story

Published: 2014/07/22

21st Taiwan-France Industrial Cooperation Consultation Meeting Seeks More Cooperation & Business Opportunities

A Taiwanese delegation led by M.J. Wu, Director General of Industrial Development Bureau (IDB) of the Ministry of Economic Affairs (MOEA), recently attended the 21st Taiwan-France Industrial Cooperation Consultation Meeting (ICCM) held June 12, 2014 in Paris, France. Taiwan was represented by go... Full Story

Published: 2014/07/21

FITs from 10 More Chinese Cities Allowed to Tour Taiwan

Tourism authorities in Taiwan and China recently agreed to allow FITs (free independent travelers) from 10 more Chinese cities to tour the island, including Harbin of Heilongjiang Province, Dalian of Liaoning Province, Yantai of Shangdong Province, Guiyang of Guizhou Province, Wuxi of Jiangsu Prov... Full Story

Published: 2014/07/21

Taiwanese Banks Encouraged to Tap Market in India

M.C. Tseng, chairman of Financial Supervisory Commission (FSC), encourages Taiwan’s domestic banks to tap the Indian market in addition to those in Southeast Asia. Tseng says that so far Taiwanese banks have focused on overseas operations in China and Southeast Asia including Vietnam, Thailand, ... Full Story

Published: 2014/07/21

Taiwan May See US$2B. Drop in Exports to China due to Potential Sino-Korea FTA

Due to Chinese President Xi Jinping’s recent visit to Seoul, China and South Korea have decided to try to ink free trade agreement (FTA) by the end of 2014, which has made Taiwanese makers and exporters anxious due to the negative impact of such agreement. Once signed, the agreement may reduce ... Full Story

Published: 2014/07/21

Act Proposed to Offer Tax Breaks to SMEs to Raise Wages

Taiwan’s Cabinet has recently approved the revision of the Act for Development of Small and Medium Enterprises, stipulating that SMEs should be entitled to tax breaks upon raising employee wages particularly during tepid economy. For instance, if a corporate payroll totals NT$1 million and NT$20... Full Story

Published: 2014/07/16

AUO Reports Q2 Consolidated Revenue of NT$102 B., up 8.8% from Q1

AU Optronics Corp. (AUO), a major maker of thin film transistor-liquid crystal display (TFT-LCD) panels in Taiwan, recently announced self-audited consolidated revenue of NT$34.1 billion (US$1.14 billion) for June 2014, down 2.6% month-on-month (MoM) and 7.9% year-on-year (YoY). In Q2, 2014, AUO's ... Full Story

Published: 2014/07/16

Hon Hai Supplies Mexican Gov't with 7 M. 23.6-inch LCD TVs

Hon Hai Precision Ind. Co. Ltd. of Taiwan, a major global EMS (electronics manufacturing services) provider, recently won a 3-year order from the Mexican government for 7 million 23.6-inch LCD TVs. The supplier has begun small-batch shipments in June, and will continue expanding shipments in... Full Story

Published: 2014/07/16

Epistar, FOREPI Overcome Rivalry with Merger

By KEN LIU For years, intense competition prevented Epistar Corp. and Formosa Epitaxy Inc. (FOREPI) from joining as one. Ironically, the same reason is now bringing the two together. Epistar announced on June 30 an all-stock merger with FOREPI at swap ratio of one Epistar share for 3.448 FORE... Full Story

Published: 2014/07/15

Global Tablet PC Shipment to Grow Less than 5% in 2014: WitsView

The global fever for tablet PCs is slowing down; even market leader Apple is forecast to see a decline in shipments and the white-brand market might experience zero growth, according to WitsView Technology Corp., an LCD market research firm. The research firm has adjusted its forecast for 2014 g... Full Story

Published: 2014/07/15

Over 80% of Taiwanese Youths Intend to Work in China: 104 Job Bank

A survey by the 104 Job Bank, an online recruitment service provider in Taiwan, shows that more than 80% of the polled 30-and-under without full-time work experience intend to find jobs in China and 50% are willing to take entry-level positions. Some 2,200 job seekers and 1,300 of the Bank's mem... Full Story

Published: 2014/07/15

Taiwan's Credit-card Spending Grows to NT$167B. in May

Due to Mother Day’s promotions, Taiwan’s credit-card spending in May reached NT$167 billion (US$5.57 billion), up NT$3.5 billion (US$116.67 million) from a month earlier, with the banks registering the top-5 spending being, in sequence, Cathay United Bank, CTBC Bank, Citibank, E. Sun Bank, and Tais... Full Story

Published: 2014/07/15

Yulon Nissan to Distribute NT$19.5 Per Share for 2013 Performance

The board of Taiwan's Yulon Nissan Motor Co., a joint venture between the local Yulon Group and Japanese automaker Nissan that serves as the local agent for Nissan and Infiniti cars, recently resolved to distribute a cash dividend of NT$19.47 (US$0.65) per share for operation in 2013. Yulon Grou... Full Story

Published: 2014/07/15

Taiwan's Grey-market Economy Estimated at 28% of GDP in 2012

Taiwan’s grey market economy is estimated to have increased to reach 28% of overall GDP in 2012, being a NT$3-4 trillion sector that is neither taxed nor regulated by government, according to the latest study by a joint research group from the National Taiwan University and National Cheng Kung Univ... Full Story

Published: 2014/07/15

Taiwanese Gov't Approves New EV Development Strategy & Action Plan

Taiwan's Executive Yuan (Cabinet) recently approved the new "Smart EV Development Strategy and Action Plan" proposed by the Ministry of Economic Affairs (MOEA), confirming that future development direction of the island's EV industry will focus on electric cars, electric buses, and electric scooter... Full Story

Published: 2014/07/15

Innolux Tops Global TFT-LCD Market for Auto, Medical and Aerospace Applications

Innolux Display Corp., Taiwan's largest supplier of thin film transistor-liquid crystal display (TFT-LCD) panels, topped global counterparts in supplying panels for automotive, medical and aerospace applications, according to company president J.C. Wang. Wang said that Innolux is the largest sup... Full Story

Published: 2014/07/14

Taiwan Expects to See Passenger Arrivals on Cross-strait Flights Hit Record 10 Million This Year

Since the opening of direct cross-strait flights, the number of passenger arrivals has been growing rapidly, with some 9.19 million having arrived in Taiwan last year and as many as 10 million expected this year. In June 2008, when direct cross-strait flights started, 18 flights weekly were allo... Full Story

Published: 2014/07/14

4K2K TV Panel Penetration to Hit 7% in Q2: WitsView

Shipments of 4K2K, or UHD (Ultra High Definition), TV panels have been better than expected, due mainly to vendors' promotions during the May 1st extended vacation in China and the HD broadcasting of the 2014 FIFA World Cup. Some 4.4 million 4K2K TV panels are believed to have been delivered in Q2,... Full Story

Published: 2014/07/14

New-car Sales in Taiwan to Keep Flat This Year: Yulon's Chairman Yen

Contrary to popularly predicted rising car sales this year in Taiwan, Kenneth Yen, chairman of the Yulon Group, a major carmaker on the island that also contract-assembles Nissan, Infiniti, Mitsubishi, in addition to having developed in-house the Luxgen line, recently warned of many uncertainties ... Full Story

Published: 2014/07/14

Taiwan's PMI Inches Down 0.4 to 58.2 in June

Taiwan’s purchasing managers’ index (PMI) posted at 58.2 in June, down 0.4 from a month earlier, but remained a healthy 58-plus for the fourth consecutive month, according to Chung-Hua Institution for Economic Research (CIER). S. H. Lai, executive officer of Supply Management Institute Taiwan, s... Full Story

Published: 2014/07/14

Structural Change in China Hampers Taiwan's Exports: Central Bank

According to a report recently released by Taiwan's central bank, the global economy is expected to continue improving but may be influenced by the withdrawal of the U.S. quantitative easing (QE) policy, the risk of shadow banking in China, and economic risks caused by geopolitics in such areas as ... Full Story

Published: 2014/07/11

Starting Monthly Salary for Taiwan New Employees Averaged NT$25,175 in 2013

The starting monthly salaries of fresh employees averaged NT$25,175 (US$839.17) in 2013, up a mere 6%, or about NT$1,500 (US$50), from a decade earlier. This was far lower than the 15% growth in the consumer price index over the same period, according to statistics released by the Ministry of Labor... Full Story

Published: 2014/07/11

Delta Launches Energy Storage Systems in France

Delta Electronics, Inc. of Taiwan, the world's largest supplier of power supply units, recently launched its smart energy storage systems in France, and plans to integrate also the Smart Grid and Photovoltaics (PV) related applications in the future. Delta has begun small-batch deliveries of energy... Full Story

Published: 2014/07/11

 
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