Panama Cuts Ties With Taiwan Panama switched diplomatic recognition from Taipei to Beijing, the latest in a series of developments that further isolate Taiwan on the global stage. Panamanian President Juan Carlos Varela cited “economic interests” as the incentive to sever the diplomatic ties. In response, Taiwan plans to halt all bilateral cooperative projects and…

Export Recovery Fuels Higher GDP Growth Optimism regarding Taiwan’s economy is rising alongside trade figures as the island continues to benefit from the ongoing recovery in the global economy. Nearly all of the local economic analytics firms have raised their forecasts for GDP growth for 2017, with Academia Sinica, Taiwan’s top academic research institution, coming…

Trump Delights in Foxconn US Investment Hype Days after one of Taiwan’s largest companies announced plans to build a US$10 billion factory in the U.S., there is speculation that the investment could be tripled in the coming years. Foxconn, the world’s largest contract manufacturer and a key supplier to Apple, last week said it would…