Although the pace of growth is decreasing significantly, Taiwan is projected to fare better than most economies in 2023. Economic prospects were looking spectacular for Taiwan in 2021. As a global chip shortage fueled demand for Taiwanese electronics and semiconductors, its economic growth rate of 6.45% was the fastest pace since the rebound from the…
Complicated procedures, lack of international agreements, and language barriers make an already painful process even more onerous for foreigners in Taiwan. Every divorcee has a unique tale to tell. Scott Sommers’ story, which includes a lengthy custody battle with his Taiwanese ex-wife, is one of anguish and frustration. It is never easy to separate from…
For the past several years, Singapore-owned Shopee has been the island’s largest e-commerce platform. But as pandemic-induced surges in online shopping subside and local competitors catch up, Shopee may struggle to retain its stronghold in the market. Owned by Singapore’s Sea Group and headquartered in the city-state, Shopee is essentially a foreign company operating in…
COVID-19 has brought a spike in global demand for various types of information and communication technology – both in terms of goods and services. As a result, Taiwan has been among the few countries to have maintained a positive economic growth rate despite the pandemic. However, some of this demand is likely to be a…
DBS economist Ma Tieying takes the most bullish view of Taiwan’s economic prospects for 2021, forecasting GDP growth of 4.2%. The most cautious position among those interviewed for this report was from Yuanta-Polaris Research Institute President Liang Kuo-yuan, whose forecast is “at least 3%.” In between is the government’s own statistics agency, which expects growth…
Taiwan has been a major beneficiary of global circumstances in 2020. It must now take steps to maintain economic momentum as a new year approaches. Despite a devastating pandemic that the International Monetary Fund predicts will shrink the world economy by 4.4% this year, Taiwan proved itself to be a global economic star. It was one…
Many of Taiwan’s major medical centers now house private clinics that offer premium services to patients with the means to pay out-of-pocket and provide the hospitals with an additional source of revenue. A quick glance at the waiting room at the Taiwan Adventist Hospital’s International Priority Care Center (PCC) reveals that this is no ordinary…
Taiwan has emerged this year as a shining example of pandemic management, with less than 600 reported cases since the onset of COVID-19 in January. The systems and protocols that Taiwan’s hospitals already had in place from its experience combating the SARS epidemic in 2003 were one of the main factors contributing to the island’s…
— By Jane Rickards and Don Shapiro Ming and Qing Dynasty soldiers described Taiwan as a place where “disease is rampant.” Yet before large numbers of Han people began arriving in the mid-17th century, the island’s indigenous peoples had managed to live generally healthy lives. Japanese researchers later documented how the Austronesian peoples used local medicinal plants to cure various…
Aside from the large medical centers that enjoy significant economies of scale, many Taiwanese hospitals have been faced with financial difficulties due to rising costs. Many smaller hospitals have closed or merged, and the survivors have been looking for ways to cut expenses and increase revenues. The proportion of healthcare expenditures paid by patients out of…
