FDI in Taiwan Slashed, Investment from China Mixed  Applications by foreign companies to invest in Taiwan in the first five months of the year was down 6% on the same time a year ago, according to the latest data from the Ministry of Economic Affairs. The ministry’s Investment Commission says 1,260 foreign direct investment (FDI)…

As online media and streaming services continue to grow, the telecommunications industry requires further rate deregulation to remain competitive. In its position paper in the American Chamber of Commerce in Taipei’s recently released 2017 Taiwan White Paper, the Chamber’s Telecommunications & Media Committee addressed this need for further deregulation by recommending the National Communications Commission…

As global advances in e-commerce and financial technology (“fintech”) catalyze change in insurance markets, how can Taiwan enable insurers to provide individuals and families with the full insurance coverage they need and close the insurance “protection gap”? In the recently published 2017 Taiwan White Paper, the Insurance Committee of the American Chamber of Commerce in…

In the past year, positive steps have been taken by the Financial Supervisory Commission (FSC) to build a better business environment and stimulate financial product innovation in Taiwan. In the newly published 2017 Taiwan White Paper, the Asset Management Committee of the American Chamber of Commerce in Taipei commends these reforms. The Asset Management Committee…

After much controversy, a revised Labor Standards Law has now been enacted in Taiwan.

In order to increase business competitiveness while continuing to protect the local labor force, the American Chamber of Commerce’s Human Resources Committee recommends that the Ministry of Labor (MOL) make the Labor Standards Law (LSL) more flexible and more predictable. The current labor laws regulating overtime work and employer-employee relations are based on traditional labor-intensive…

As technologies continue to evolve from devices to software, and technology start-ups continue to drive market growth, Taiwan is faced with the challenge of advancing its entrepreneurial ecosystem and promoting innovative technologies in order to retain technological leadership in the region. In its position paper in the American Chamber of Commerce’s recently published 2017 Taiwan…

Panama Switches Allegiance from Taiwan to China Panama President Juan Carlos Varela announced on Monday that the Republic of Panama had severed ties with Taiwan and had established diplomatic relations with China instead. Panama and China announced that Panama now “recognizes that there is only one China in the world” and that Taiwan is part of Chinese…