Google Invests in Taiwan AI Google’s parent company, Alphabet Inc., announced March 31 that it would be making extensive investments into Taiwan’s artificial intelligence (AI) development. The company said it would hire at least 300 AI engineers, cultivate 5,000 talent positions, and train more than 50,000 digital marketing personnel in a year. AI-engineering positions will…

Indictment Brought In Ching Fu Scandal Four executives at the Ching Fu Shipbuilding Co., including chairman Chen Ching-nan, were indicted by the Kaohsiung District Prosecutor’s Office on February 12 on charges of fraud, breach of trust, and banking law violations. Prosecutors recommended a 30-year prison sentence for the chairman, commutable to a NT$1 billion (US$34…

LABOR LAW AMENDED During an 18-hour overnight session, the Legislative Yuan approved amendments to the highly controversial Labor Standards Act that the government promises will provide greater flexibility for both workers and employers but which labor activists argue will lead to abuse of labor rights. The amendments include changes to the overtime calculation, with overtime…

THE ECONOMIC NEWS IS MOSTLY POSITIVE On November 17 economist Chen Shin-hui, assistant research fellow at the Center for Economic Forecasting, part of the Chung-Hua Institution for Economic Research (CIER), offered a lively presentation and discussion on the state of Taiwan’s and the world’s economy. As the compiler of CIER’s Purchasing Managers’ Index (PMI), a monthly…

FARGLORY FOUNDER FACES PRISON SENTENCE Farglory Group founder and chairman Chao Teng-hsiung is facing a 24-year prison sentence on charges of bribery and breach of trust involving several public construction projects. Following a four-month investigation. The Taipei District Prosecutors Office arrested 31 people including Chao, New Taipei City councilor Chou Sheng-kao, and Lee Shush-der, the Taipei…