MOF Reports NT$2 trillion in Tax Revenue for First Eight Months The Ministry of Finance (MOF) on September 9 reported that net tax revenue for August totaled NT$132.4 billion (US$4.8 billion), 3.8% greater than the same month last year. Net tax revenue for the first eight months of 2021 was NT$1.9 trillion (US$68.7 billion), an…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Manufacturing Activity Continues to Flourish The Chung-Hwa Institution for Economic Research (CIER) announced on September 1 that its Purchasing Managers Index (PMI) had fallen 3.1 points in August to 62.1. Although the PMI has maintained a score of…
Taiwan Mobile Goes South, Chunghwa Underseas Local telecommunications carrier Taiwan Mobile announced on August 9 that it would invest NT$20 million (US$717,000) in the Series E round of funding for Tiki Corp., Vietnam’s largest e-commerce retailer. The strategic investment will be Taiwan Mobile’s first in Vietnam, according to the company’s president, Jamie Lin. The move…
Local English Content Platform Launched The launch party for TaiwanPlus, a new government-funded English-language streaming platform, was held on August 30. The event was attended by Vice President Lai Ching-te, Legislative Speaker You Si-kun, and Minister of Culture Lee Yung-te. In a video address, President Tsai remarked that TaiwanPlus would be “a window through which…
Olympics Showcase Taiwan’s Strengths and Challenges Taiwan gave a historic performance at the 2020 Tokyo Olympic Games, which had been postponed until late July this year due to the global COVID-19 pandemic. A total of 67 Taiwanese athletes competed in 18 sports at the games and returned to Taiwan with a record haul of 12…
Taiwan’s Economic Recovery Uneven The Directorate-General of Budgeting, Accounting and Statistics (DGBAS) in early August revised its 2021 GDP growth forecast to 5.88%, up 0.42 percentage points from the one it made in June, as sustained global demand caused July exports to reach a record US$37.95 billion. Imports in July grew by 41% year-on-year to…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Technology Parks Report Record Gains According to the Ministry of Economic Affairs’ Export Processing Zone Administration (EPZA), the acceleration of emerging technology applications and strong demand for chips brought about by the COVID-19 pandemic has raised the revenue…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Macquarie and Kaison Sign MOU for EVs Macquarie Capital, an Australian-listed institutional investor that has been operating in Taiwan for 17 years, announced on August 18 that it has signed a memorandum of understanding with Taiwan electric bus…
Exports Increase, NTD Trends Down Despite the impact of Taiwan’s recent COVID-19 outbreak, the latest GDP forecast from the Taiwan Institute of Economic Research (TIER) predicts an annual economic growth rate of 5.40% in 2021. This growth can mainly be attributed to Taiwan’s exports in goods, which have remained “strong and robust.” Exports in June…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Taiwan Down 93,000 Jobs in June The Directorate-General of Budgeting, Accounting and Statistics (DGBAS) announced on August 8 that the number of people employed in Taiwan’s industrial and service sectors at the end of June had fallen to…
