The Taiwan Cabinet or its executive ministry plans to spend roughly NT$36 billion (US$1.16 billion) over the next nine years on its “Productivity 4.0” project beginning this year, with the aim of boosting the island’s total industrial revenue and helping 50,000 local manufacturers transform themselves to meet 4.0 standards. The project aims to boost per-capita productivity of the island’s manu...

Overall turnover achieved by Taiwan’s mainstay business sectors, defined by the Taiwanese government as retail, wholesale and food services, totaled NT$1.196 trillion (US$37.96 billion) in June, up 2.5 percent over May but down 3.0 percent from last June, which was due to lackluster performance by local wholesalers, according to the latest report issued by the Ministry of Economic Affairs (MOEA)....

Apparently shrugging off impact from protracted downtrend in the global air cargo industry, as well as betting on better prospects on the back of lower fuel prices, EVA Airways Corporation (EVA Air), Taiwan’s top-2 airline by size, has just finalized an order for five new Boeing 777F freighters for less than NT$50 billion (US$1.58 billion) as part of its fleet expansion plan that involves NT$65.5...

Reaping fruit partly from the Taiwanese government’s effort on developing the Kaohsiung Port, Taiwan’s largest commercial port in the south by container throughput, into a world-caliber cruise liner terminal and partly from promotions by various cruise operators, the port’s cruise ship arrivals have steadily increased over the past few years and are expected to hit a record high of 49 this year, ...

Affected by a variety of factors, including fallout from the Greek debt crisis, slowing growth in China coupled with its recent stock market slump, steady displacement of Taiwanese suppliers by mainland Chinese counterparts, sagging commodity prices that have impacted the Canadian and Australian economies, tepid market demand, relatively high NT-dollar-to-greenback ratio compared to Japanese yen ...

The Ministry of Economic Affairs (MOEA) predicts Taiwan to save around US$800 million in export tariff when the Information Technology Agreement (ITA) expansion deal is finalized among 80 World Trade Organization (WTO) members including Taiwan on July 24. The ITA stipulates participants to completely eliminate duties on IT products covered by the agreement, with developing country participants...

With major high-profile brands as Adidas, Nike and Under Armor continuing to pump ample dollars into star-studded promotions, with the former two brands also selling various sports-leisure wear, as well as steadily growing popularity of outdoor recreation globally, demand for sports and leisure shoes continues to rise. Taiwan-based Pou Chen Corp., reportedly world’s biggest contract maker of foo...

The Taiwan-based Aerospace Industrial Development Corp. (AIDC), according to Globalsecurity.org, began life in the late 1960s when Taiwan's aerospace industry emerged in response to the implementation of national security and self-reliant defense policies mandated by the Taiwan authorities, also the island’s only manufacturer of military and commercial airplanes, trainers and aircraft engines and...

Mainly driven by growing demand for mobile and video advertising, Taiwan’s digital advertising market is expected to further expand 22.82 percent to NT$19.869 billion (US$630.76 million) in 2015 from 2014, according to the Taipei-based Digital Marketing Association (DMA), an advertising agency group. DMA’s statistics show Taiwan's overall digital advertising market in 2014 generated total reve...

Overall revenue or turnover posted by Taiwan’s business sectors, which include according to the government wholesale, retail and food services, totaled NT$1.17 trillion (US$37.14 billion) in March, edging down by 0.7 percent year on year (YoY), according to the latest report issued by Ministry of Economic Affairs (MOEA). On monthly basis, the revenue rose 11.8 percent over that of February, bu...