Taiwan's Industrial Development Bureau (IDB) of the Ministry of Economic Affairs (MOEA), the Taichung City Government, and San-Kang Industrial Association (SKIA) recently announced that they will set up the "Aerospace 4.0 Industrial Cluster", an industrial hub to specifically develop aerospace business opportunities in the Taichung City Precision Machinery Innovation Technology Park in central Ta...

After nine years of operation and despite occasional news reports of its money-losing status, different sub-systems of the Taiwan High Speed Rail line (running about 345 km from north to south along the west coast of Taiwan) have already entered into the replacement period. The first major sub-system slated for replacement is the traffic control center, the nerve center of the overall network. ...

If the success of Taiwan's information technology (IT) and electronics manufacturing industries is a consequence of generous government support, the rise of the island's yacht industry must be a miracle. For over 40 years, this luxury goods sector has been faring well in the global market despite an anemic domestic market and nary a hand of regulatory support. The tradition of boatbuilding in ...

The European Chamber of Commerce Taiwan (ECCT) suggests in its 2016 Position Papers that the Taiwan government should revamp its regulations and statutes to international standards to help its bid to enter the Trans Pacific Partnership (TPP) Agreement. With the title “Decision Time: Taking Courageous Action in Uncertain Times,” the 2015 ECCT papers include separate submissions from 23 of the E...

According to the Ministry of Finance (MOF), Taiwan’s exports have fallen for the ninth month so far this year on year-on-year basis, to US$23.9 billion in October. Nonetheless, the ministry feels the island’s exports will grow stronger in the fourth quarter than in the third quarter and will swing to positive growth soon based on three signs. In October alone, the export value set a fresh five...

According to Directorate-General of Budget, Accounting and Statistics (DGBAS) of the Taiwan Cabinet, the island’s consumer price index (CPI) measuring 370 commodities inched up 0.31 percent month over month in October, a second monthly rise in the Taiwan index that suggests the island has evaded deflationary pressure. Taiwan’s CPI had declined for eight consecutive months since January this ye...

Giant Manufacturing Co., Ltd., recognized as the largest maker of assembled bicycles in Taiwan, is looking forward to seeing a 5 percent to 10 percent revenue growth in 2016, to be driven by the gradually stabilizing euro along with the big Chinese bicycle market continuing to undergo demand shift, with more riders opting to buy bicycles for leisure rather than commuting, according to Tony Lo, CE...

According to the Department of Statistics of the Ministry of Economic Affairs (MOEA), Taiwan received US$41.35 billion of foreign orders in September alone, increasing a more-than-expected 18% from the previous month to offset the year-on-year decrease rate to 4.5%. Senior officials of the department ascribe the impressive month-on-month increase mostly to the new smartphones rolled out by som...

Taiwan’s exports in September dropped 14.6 percent year on year and 5.8 percent from a month ago, to US$22.54 billion, for the eighth monthly decline and a double-digit downward rate in four consecutive months. The Ministry of Finance (MOF) ascribes the double-digit rate decline mostly to fewer workdays in that month as result of the Mid-Autumn Festival holidays and days off due to typhoon, sl...

Siemens Limited Taiwan, the subsidiary of Siemens AG of Germany focusing on the areas of electrification, automation and digitization, recently announced to help Taiwan's Formosa I Wind Power Co., Ltd. (Formosa) to build the Formosa Phase 1 offshore wind farm, the first offshore wind-power project of the island and Siemens' first offshore project in Asia outside China, according to Erdal Elver, p...