A visiting delegation urges early passage of Patent Linkage legislation. During a recent visit to Taipei, a six-member delegation from the Washington, DC-based Pharmaceutical Research and Manufacturers of America (PhRMA) urged Taiwan’s legislature to give early attention to pending bills to strengthen intellectual property protection for pharmaceuticals. Passage of the proposed amendments to the Pharmaceutical…

So far, regulators have been more concerned about the risks of financial innovation than the rewards. Financial industry observers see big potential for Taiwan in the nascent fintech sector, citing the ways in which emerging technologies could help the banking and insurance components of the nation’s financial conglomerates share information safely and efficiently. A special…

New Infrastructure Plan to Boost Economy Premier Lin Chuan on March 23 unveiled a NT$880 billion (US$28.9 billion) infrastructure stimulus plan, dubbed the Forward-looking Infrastructure Program (FIP). It aims to build capacity in such sectors as the digital infrastructure, railways, renewable energy, urban-rural development, and water resources. On March 28, speaking at a station on…

U.S. Frigates Join Navy. More on the Way? The Taiwan Navy took possession of two refurbished U.S. Oliver Hazard Perry-class frigates on March 16 at a cost of around US$190 million. The two frigates are equipped with AN/SQR-19 Multi-Function Towed Array Sonar (TACTAS), a system for the long-range passive detection of enemy submarines which was…