A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Property tax rates revised to curb speculation The Legislative Yuan on April 9 passed the third and final reading of amendments to the Income Tax Act that aim to revise property tax rates. The amended law will take…

The convergence of several new technologies, such as 5G, artificial intelligence (AI), the industrial internet of things (IIoT), autonomous vehicles, and hyperscale computing have brought about a wave of unprecedented innovation. At the same time, these technologies have also pushed electronic design toward a higher level of integration and facilitated the development of diverse vertical…

Taoyuan City, the gateway to Taiwan, occupies a core strategic position in terms of industrial internationalization, transformational development, and logistics management, and links Taiwan to the global market via sea and air transport. The Taiwanese government’s “Taoyuan Aerotropolis Project” reappropriates usage of the 4,564-hectare area of land surrounding the Taoyuan International Airport through urban planning….

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Fubon acquires majority stake in Jih Sun Fubon Financial Holding Co. announced on March 23 that it had successfully completed the public tender to acquire a 53.84% stake in Jih Sun Financial Holding, making it the largest shareholder…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Higher growth forecasts meet concerns of overheating As the first quarter comes to a close, many economic institutions are raising their forecasts for Taiwan’s 2021 economic growth. On March 24, the Yuanta-Polaris Research Institute projected annual GDP growth…

A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Water Shortage Takes Toll on Industries While Taiwan relies on typhoons for 60% of its water usage needs, the absence of these severe weather events this past year has resulted the island’s worst water shortage in over five…