Companies with appropriate business models have continued to be viable. Most of the leading international companies that were once active in Taiwan’s life insurance industry have long since exited the market. The list includes Aegon, Aetna, ING, Manulife, MetLife, New York Life, and Winterthur. Now it appears likely that one of the few remaining major…
Success as a virtual bank in Taiwan would bring the Japanese messaging app closer to super app status In Taiwan, Japanese messaging app LINE is best known for its cartoonish stickers of furry creatures. LINE’s emojis telegraph the kawaii (literally “cute” in Japanese) culture of Japan many Taiwanese adore. Once hooked on the free stickers,…
The race is on to position serviced offices as hip co-working spaces, but questions remain about the sustainability of market demand. The Executive Centre in Taipei’s Nanshan Plaza feels like a lounge on the club floor of a five-star hotel. Office workers dressed to impress chat casually, seated on quirky designer furniture. Floor-to-ceiling windows offer…
A growing number of companies in Taiwan – local and international alike – are moving toward more flexible configurations in their office spaces. The open or flexible office design is not a new concept in Taiwanese workplaces, but it has been catching on with rapid enthusiasm in recent years. Multinational corporations with a presence in…
Government measures to cool the residential property market have been successful, but prices remain high in the most desirable markets, putting homeownership out of reach for many Taiwanese. The Taiwan government has spent years trying to cool a red-hot residential property market. Measured in terms of controlling price growth, the policies have borne fruit. The…
Several major global economic and political factors – namely, the U.S.-China trade dispute, Brexit, the protests in Hong Kong, as well as volatile oil and commodity prices – cast a shadow in the past year over global demand, trade, and industrial production. In Taiwan, the presidential election and cross-Strait relationship added uncertainty, potentially dampening the…
As 2019 draws to a close without the achievement of several hoped-for advances in regulatory procedures for medical devices, multinational companies in the sector are looking to the new year for some significant breakthroughs. Topping the wish list is passage of the draft Medical Devices Act, which would create dedicated legislation to govern the industry…
Most of AmCham Taipei’s member companies in the medical device field are sales and marketing arms of the world’s major multinational, especially American, brands. The profiles below introduce two member companies that are exceptions in that their forte is manufacturing, with Taiwan as their main base. As private companies they don’t disclose their financial information,…
The Taiwan Precision Medicine Initiative offers the opportunity to dramatically improve the nation’s medical landscape and advance the lucrative biomedical sector with an ambitious DNA mapping project. “The best doctor cures the illness that is still obscure, the good doctor cures the illness that is about to break out, and the ordinary doctor treats the…
Taiwan and other regional players are finding it difficult to compete on the same scale as China when it comes to hosting clinical trials. Over the years, Taiwan has developed a strong reputation in the field of healthcare. It is now looking to leverage its advantages to position itself as a regional biomedical hub and…
