After surviving the harrowing mid-2021 local COVID-19 outbreak, the capital’s foreign restaurateurs are cautiously optimistic about the coming year. Herban Kitchen was having a stellar 2021. With Taiwan a safe haven from pandemic-induced turmoil, the Taipei vegetarian restaurant hit a three-year sales high in early May. Not only were regulars packing the restaurant, but veggie-loving…

The domestic market is too small to sustain the industry indefinitely, especially in Taipei. The unmistakable sound of birds chirping fills the elevator of the Regent Taipei. The avian audio is part of the hotel’s COVID-induced transformation into an urban resort. Unusual, perhaps, but these are not ordinary times for the tourism sector, and besides,…

Booming exports, especially ICT products, are driving demand for industrial plots of land, factories, and logistics facilities to a new high. Ever since the U.S.-China trade dispute began, demand for industrial real estate in Taiwan has been ticking up. Demand strengthened with the launch of the Tsai Ing-wen administration’s reshoring initiative in 2019, which offers…

Taiwan’s military is set to receive a windfall in the form of a five-year special budget focused on indigenous defense capabilities. Under the Six Core Strategic Industries initiative, the domestic defense supply chain is growing, though foreign technology still plays an integral role. Since early 2020, Chinese military aircraft have regularly intruded into Taiwan’s southwest…

Chipmaking undergirds the Six Core Strategic Industries initiative, particularly in the area of digital and information technology. The Six Core Strategic Industries policy, which the Tsai Ing-wen administration launched in 2020, builds upon the 5+2 Innovative Industries initiative of Tsai’s first term to capitalize on global supply chain changes and catalyze Taiwan’s industrial transformation. Amid…