The government is making a strong effort to preserve Taiwan’s endangered languages so as to maintain a multicultural society. Taiwan has long been a place of linguistic diversity. Besides the Chinese languages of Mandarin, Hokkien (Taiwanese), and Hakka, the various indigenous tribes have each had their own version of an Austronesian language, and many senior…
KKR in Deal to Acquire LCY Chemical An investment group led by the private equity firm KKR & Co. announced a deal to acquire a majority share in Taipei-based LCY Chemical Corp for US$1.56 billion. The investors also include LCY employees and members of the founding family. If approved by regulators in both Taiwan and…
Delays for Two Key Infrastructure Projects Despite strong support from the Ministry of Economic Affairs, an environmental impact assessment (EIA) committee of the Environmental Protection Administration in early July rejected plans by the state-run CPC Corp. Taiwan to build Taiwan’s third liquefied natural gas receiving terminal project at Datan in Taoyuan’s Guanyin District. Increased reliance…
Higher GDP Growth Seen on Rising Exports The Taiwan economy is expected to experience higher growth this year due to improved levels of demand on world markets. The Yuanta-Polaris Research Institute, a Taipei economic think tank, raised its 2018 GDP growth forecast from 2.4% to 2.55% based on increased export activity. The government’s Directorate General…
Former KMT Chairman Lien Chan Visits China Former Kuomintang chairman Lien Chan led a party delegation to Beijing in mid-July for a meeting with General Secretary of the Chinese Communist Party Xi Jinping commemorated the 70th anniversary of the end of World War II. Lien, who served as Vice President during the Lee Teng-hui administration,…
Could Taiwan double the number of international visitors from the current 10 million per year to 20 million by 2024? The Travel & Tourism Committee of the American Chamber of Commerce in Taipei thinks so. In its position paper in the Chamber’s recently released 2018 Taiwan White Paper, the Committee made a number of recommendations…
The American Chamber of Commerce will host a liver health management forum on September 27 to discuss the opportunity for establishing Taiwan as a “Liver Health Center of Excellence” for the Asian region. Vice President of Taiwan Chen Chien-Jen has been invited to participate as a keynote speaker. In its position paper in the Chamber’s…
In the insurance section of the 2018 Taiwan White Paper recently released by the American Chamber of Commerce in Taipei, the Insurance Committee offers a long-term roadmap to improving the insurance market in Taiwan and allowing citizens to take a more holistic view of their insurance protection needs. The insurance penetration ratio of Taiwan, or the…
In the energy section of the 2018 Taiwan White Paper recently released by the American Chamber of Commerce in Taipei, the Chamber’s Energy Committee calls for the appointment of an “energy czar” to oversee the government’s efforts to redirect Taiwan’s electrical power generation away from reliance on nuclear and fossil fuels. By 2025, according to the…
