Revenue or turnover of Taiwan’s businesses, described by the government chiefly as retail, wholesale and food services, totaled NT$14.5 trillion (US$460.31 billion) in 2014 to set a new high for the second consecutive year, according to Ministry of Economic Affairs (MOEA). In December, business turnover also hit a single-month historical high of around NT$1.3 trillion (US$41.26 billion), s...

Driven by enduring demand for leisure and sports footwear globally, Pou Chen Corporation, Feng Tay Enterprises Co., Ltd. and Fulgent Sun Group, Taiwan’s top-three contract manufacturers of footwear for global brands, all saw consolidated revenue for 2014 hit record highs, and are likely to see brighter prospects this year. Pou Chen, the largest footwear maker on the island by size, reported co...

Taiwan-based Aerospace Industrial Development Corp. (AIDC), the island’s only manufacturer of military and commercial airplanes, trainers and aircraft engines, saw revenue skyrocket to NT$3.859 billion (US$121.73 million) in December, 2014, surging 85.8% from a month ago to rise 1.49-fold over a year earlier as a 3-year high, according to its latest financial report. Its performance had been t...

Taiwan’s Ministry of Economic Affairs (MOEA) has announced the results of a survey by the Interbrand Corp., a U.K.-based brand consultant, ranking the island’s top 20 international brands for 2014 by brand value. Asus, the world's top-5 PC brand, retained last year's position as No. 1. Asus is followed in the ranking by TrendMicro (anti-virus software), Want Want (food and media), HTC (smartph...

Taiwan’s business sectors, described by the government as wholesale, retail and food services, generated revenue of around NT$1.2 trillion (US$40 billion) in November, according to the latest statistics compiled by Ministry of Economic Affairs (MOEA). The figure edged up only 0.7% compared to NT$1.24 trillion (US$41.33 billion) last November but dropped 3.5% from NT$12.48 billion (US$41.60 bil...

Metal Industries Research & Development Center (MIRDC), a Taiwanese government-funded R&D institute, signed a memorandum of understanding (MOU) with Tatung Co., a Taiwan-based supplier of household appliances, for cooperation on development of key technologies for renewable energy. The MOU was signed on October 21, 2014 by MIRDC chairman, C.C. Huang, and Tatung chairman, W.S. Lin (as pictured)...

To help Taiwanese medical instrument manufacturers explore markets more effectively, the Metal Industries Research & Development Centre (MIRDC), a government-funded R&D institute, held the Medical Instrument Innovative Technology Matchmaking & MOU signing in early July in Kaohsiung, southern Taiwan, from which the MIRDC says positive results were achieved as before. Organized by the Southern ...

To develop Taiwan’s renewable energy technology, Taiwan's Metal Industries Research & Development Centre (MIRDC), a government-funded R&D institute, has signed a letter of intent (LOI) with CPC Corporation, Taiwan, a state-owned petroleum, natural gas, and gasoline company, to cooperate on carbon dioxide capture, storage and utilization. The LOI was formally signed in late April by MIRDC’s...

Healthcare is a growing concern worldwide, due partly to the graying of populations everywhere, motivating developed countries to foster the development of health-related sectors. Taiwan is no exception to this trend, and the island's government and private enterprises are engaged in a coordinated effort to boost this potential engine of economic growth. On the government side, the Ministry of...

With the inaugural Taiwan International Boat Show (TIBS), held May 8-11 in Kaohsiung City, southern Taiwan, to further boost the local yacht industry’s global profile, the island may also accelerate transformation from a yacht production base into an exhibition and recreation hub in Asia. Organized by Taiwan External Trade Development Council (TAITRA), a semi-official export promoter, in assoc...