Domestic research institutes have developed numerous innovative technologies for transfer to the private sector. Taiwan’s prowess in such industries as semiconductors and bicycles is well-known. If government efforts bear fruit, the list of industries in which Taiwan is among the global leaders may be lengthened in the years head – and dental equipment and materials…
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 theme of the 2017 AmCham Taipei CSR Forum, held September 28 at the Grand Hyatt Taipei, was “The New Concept of a Circular Economy – Creating a Future of Zero Waste.” The speakers were Vivian Tai, Dell’s regional senior manager for Environmental Affairs & Producer Responsibility; Gaven Chang, assistant general manager at PwC Taiwan…
On the morning of July 28, Wei Ying-chung, former chairman of Wei Chuan Foods Corp., reported to the Taipei Prosecutors Office to begin a two-year prison sentence for his involvement in the 2013 edible-oil scandal that dealt a fatal blow to his company, once one of Taiwan’s leading foodstuff manufacturers. In late April, the appellate…
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…
After much controversy, a revised Labor Standards Law has now been enacted. Last November 22, AmCham Taipei sent a letter to the Ministry of Labor (MOL) expressing member companies’ concern over uncertainty being experienced in the scheduling of public holidays. The letter noted that both employers and employees had been inconvenienced during previous months by…
