To make the most of digitalization, businesses and government need to implement enabling frameworks. The pandemic brought digital transformation to the forefront for many Taiwan-based businesses. When companies had to quickly pivot their services, products, or business strategies to stay afloat, efficient digitalization strategies became a necessity. The shift to remote work also compelled many…

Participation in international trade agreements, whether bilateral or multilateral, would benefit Taiwan’s economy and reduce its excessive dependency on China. But entry into some pacts is more likely to be feasible than others. In mid-April, China announced it would start investigating whether nearly 2,500 Taiwan export products conform to its fair-trade rules. The products to…

The government, together with large corporations, has launched initiatives to help small and medium-sized enterprises address the challenges of digital transformation, stringent ESG requirements, and intergenerational management systems. Small and medium-sized enterprises (SMEs), which represent 99% of all enterprises in Taiwan, have been cited as a linchpin to the country’s rapid post-war development. Yet SMEs…

After several high-profile blackouts raised concerns about Taiwan’s grid stability, Taiwan Power Company (Taipower) in September last year announced it would invest TW$564.5 billion (US$18 billion) in the grid over the next decade. Investments will focus on resilience, decentralization, modernization, and strengthening of the electricity system. The expansion of smart devices, such as smart grids…