Taiwan’s government has taken immediate steps to implement export controls and other measures to limit economic activity between Taiwan and Russia following the latter’s invasion of Ukraine. Within a day of Russia’s February 24 invasion of Ukraine, Taiwan’s Ministry of Foreign Affairs announced that it would join the U.S., EU countries, and other nations in…

Despite rising fuel costs and increased power demand, Taiwan’s electricity prices have remained unchanged for the past four years. With the budgets of state-run gas company CPC and electricity provider Taipower stretched thin, is it time to rethink subsidized power? Taiwan has some of the world’s lowest electricity prices. The question is why? With no…

By Wu Ching-fang, Commonwealth Magazine The Formosa Plastics Group, the world’s 10th-largest petrochemical company, has announced its intention of becoming carbon neutral by 2050. Considering that the conglomerate generates more than 50 million metric tons of carbon emissions a year, how does it intend to reach that goal? The Formosa Plastics Group is one of…

TrendForce research indicates that the revenue of Taiwanese IC design companies grew significantly in 2021, with many firms hitting record highs due to their active procurement of various terminal applications and the effects of inflation. These companies also performed well in terms of gross profit margin and profitability. The top 10 Taiwanese IC design companies…

The Community Services Center turns 35 this year, a significant milestone for the organization. Founded in 1987, the Taipei-based nonprofit has striven to provide high-quality support services to Taiwan’s foreign residents to help them settle and acclimate to life in Taiwan. Chief among the Center’s top-tier attributes is its strong and diverse counseling team. All…

Last November, Taiwan Cube Energy (TCE), Taiwan’s first privately invested enterprise specializing in renewable energy derived from solid recovered fuels (SRF), broke ground on its initial project in Taiwan, an industrial waste-to-energy (WtE) plant in Taoyuan. Once construction of the plant is completed in 2025, the company forecasts that it will be capable of converting…

For multinational pharmaceutical companies, Taiwan has proven itself to be a very attractive investment destination in the Asia Pacific. The island’s sizeable pool of high-quality STEM talent, its extensive expertise in and productive environment for conducting clinical trials, active government-industry-academia cooperation in medical research, and advanced bio-ICT capacity are just a few of the qualities…