The Taiwan government is encouraging the country’s insurance companies to tap into their NT$23 trillion (US$767 billion) in insurance funds to help support national infrastructure and development projects. At the top of the list is the green energy portion of the government’s “5+2” key innovative industry program. With the ruling Democratic Progressive Party (DPP) committed…

Fully automatic buses are already being tested in Taipei for late-night service. Backed by its solid base in ICT (information-communications technology), Taiwan is gearing up for the coming trend of driverless cars, which is expected to revolutionize transportation worldwide within 10 years. Taiwanese automaker Yulon Motor Co. has been among the leaders domestically in this…

Supporting a brand is difficult. Despite low margins, the OEM/ODM model brings in steady business. Factories of Hon Hai Precision (also known as Foxconn) and other major Taiwanese contract manufacturers are currently running at full capacity churning out the iPhone 8 and other new models launched by Apple. Economists regularly disparage Taiwan’s continued heavy reliance…

The proposed new legislation would make tax and other incentives available to international talent.    To remedy the serious brain drain in Taiwan and counter aggressive talent poaching by neighboring countries, the government has proposed legislation to help attract and retain foreign white-collar workers. The main provisions would relax current restrictions on the hiring of…

Wikipedia defines a circular economy as a “regenerative system in which resource input and waste, emission, and energy leakage are minimized by slowing, closing, and narrowing material and energy loops. This can be achieved through long-lasting design, maintenance, repair, reuse, remanufacturing, refurbishing, and recycling.” In line with global trends, the Taiwan government is actively promoting…

The “new agriculture innovation program” adopted by the Executive Yuan on December 8 last year forms the basis of this “plus” initiative added onto the original Five Pillar Industries. The goal is to develop a viable agricultural sector suitable for a modern economy – one with sufficient competitiveness without over-reliance on government subsidies. The program…