As Taiwan society ages, this challenging condition is becoming more prevalent. With the rapid rise in the proportion of elderly people in the Taiwan population, one of the medical conditions that will require increased attention is osteoporosis. A progressive skeletal disease characterized by decreased bone density and weakened bone tissue, osteoporosis frequently leads to falls…

AmCham’s Pharmaceutical Committee has suggestions. Year after year, a key concern of the major pharmaceutical companies operating in Taiwan is the ease with which new drugs and new indications (meaning new applications for existing treatments) can enter the market. Given Taiwan’s single-payer universal healthcare system, much depends on whether the National Health Insurance Administration (NHIA)…

Taiwan has an opportunity to attract more of these investments. Well over a century ago, the Rockefellers pioneered the idea of establishing a professionally staffed “family office” to manage private investments on behalf of members of the family. Since then, many ultra-wealthy family groups have followed suit. In recent years, according to an article in…

Low rating for credit conditions brings down Taiwan’s overall ranking. Poor performance in one category — regarding legal rights in obtaining credit — has dragged down Taiwan’s overall rating in the World Bank’s recently released 2020 Doing Business survey of 190 countries and economies. In the latest edition, Taiwan fell back two places from last…

The aim is to protect workers’ rights without disrupting economic growth. Amendments to the Labor Standards Law passed in April this year included long-discussed provisions to further protect Taiwan’s approximately 150,000 dispatch workers. For the most part, the changes were also welcomed by employers, who see the need for a stable dispatch labor system.  Hiring…

The revised cosmetics law shows promise, but implementation issues remain. Of the eight issues raised the previous year that AmCham Taipei’s 2019 Taiwan White Paper deemed to have been fully resolved, half related to a single industry – cosmetics: Clarifying the definition of cosmetics under the law to avoid creating technical barriers to trade. Clearly…

Current regulations have the effect of discouraging imports. Taiwan last year imported US$27.6 million worth of organic foods and beverages, making it one of the largest markets in that category in the region. Despite what is considered to be strong market potential, however, import growth is expected to slow in the years ahead due to…