Taiwan_January_Trade_Figures

The Economy is Improving with Help from Exports With sharp criticism of major trade partners and promises of protectionism in trade, the new administration of U.S. President Donald Trump has injected substantial policy uncertainty into the global economy. Nevertheless, the American economy continues to be the engine of global trade, and Taiwan’s trade figures are…

Uber is Over in Taiwan, at Least for Now Uber announced that it was suspending operations in Taiwan effective February 10 in an effort to “reset” discussions with the government over the U.S.-based ride-hailing company’s operational status. The Taiwan government insists that Uber register as a transportation company and follow relevant regulations, but Uber regards…

Electriciy act amendments pass The Legislative Yuan in January passed revisions to the Electricity Act liberalizing the power market and mandating the cessation of nuclear power. The amendments stipulate that all nuclear power will cease operation by 2025 and that state-owned monopoly power provider Taiwan Power Co. (Taipower) will be transformed within six to nine years…

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Tsai visits allies, transits USA Taiwan President Tsai Ing-wen departed on January 6 for a nine-day journey to visit Central American allies, including stopovers in Houston and San Francisco. The trip occurred amid heightened tensions with China over Tsai’s congratulatory phone call to U.S. President-elect Donald Trump.  Tsai’s first stop was a transit in Houston, Texas,…

Ill-Gotten Assets Body Targets KMT HQ The Ill-gotten Assets Settlement Committee under Chairman Wellington Koo announced that the KMT must transfer its shares of Central Investment Co. and its subsidiary Hsinyutai Co. to the government after it was determined that these companies were illegally obtained assets. The Committee acts under legislation that aims to return…

FILE - In this Saturday, Feb. 7, 2015, file photo, a ground mechanic works on the engine area of a TransAsia Airways ATR airplane at the Songshan Airport in Taipei, Taiwan. Taiwanese airline TransAsia has announced it is shutting down following financial losses and two fatal crashes. TransAsia chairman Vincent Lin said Tuesday the airline, which served cities in China, Japan and Southeast Asia, was unable to reverse widening losses or raise additional money. (AP Photo/Wally Santana, File)

TransAsia Airways Ceases Operations Domestic airline TransAsia Airways declared it insolvency on November 22, after years of lackluster sales and revenue losses and two horrific crashes within a seven-month period that killed more than 90 people. The airline’s CEO, Liu Tung-ming, said that the executive team had looked at various options including a sale, restructuring,…

Worries about Trump, as Trade Inches Upward The election of Donald Trump as U.S. president has created anxieties in many countries around the world, as exporting nations worry that Trump’s protectionist leanings will impact global trade. Taiwan is among the most trade-dependent nations in the world, with exports totaling US$280 billion in 2015, equivalent to…