A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Property tax rates revised to curb speculation The Legislative Yuan on April 9 passed the third and final reading of amendments to the Income Tax Act that aim to revise property tax rates. The amended law will take…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Fubon acquires majority stake in Jih Sun Fubon Financial Holding Co. announced on March 23 that it had successfully completed the public tender to acquire a 53.84% stake in Jih Sun Financial Holding, making it the largest shareholder…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Higher growth forecasts meet concerns of overheating As the first quarter comes to a close, many economic institutions are raising their forecasts for Taiwan’s 2021 economic growth. On March 24, the Yuanta-Polaris Research Institute projected annual GDP growth…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Water Shortage Takes Toll on Industries While Taiwan relies on typhoons for 60% of its water usage needs, the absence of these severe weather events this past year has resulted the island’s worst water shortage in over five…
The government has yet to include hydrogen in its renewable energy policies, but the private sector is already investing in this fast-growing area. The Star of Hope ferry carries up to 90 passengers several times a day across Sun Moon Lake, a routine journey made exceptional by the boat’s drive system: electric motors powered by…
Although hydrogen gas emits only water, it does not naturally exist in its pure form and must be generated from another hydrogen-carrying source – usually methane (CH4) – through a process called steam-methane reforming. Cheap and well-established, this process is also highly polluting, generating 10 tons of greenhouse gases for every ton of hydrogen. Hydrogen…
A weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS PSMC Reports 37% Revenue Growth in 2020 Powerchip Semiconductor Manufacturing Corp (PSMC) announced last Tuesday that it officially turned a profit in 2020, with revenue of NT$45.68 billion (USD$1.62 billion) and a net profit of NT$3.81 billion (USD$135…
A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS NCC Approves APT-FET Deal Taiwan’s National Communications Commission (NCC) on March 3 approved local telecom operator Far EasTone’s (FET) application to share its 5G bandwidth on the 3.5GHz frequency band with Asia-Pacific Telecom (APT). As a condition of…
A bi-weekly snapshot of Taiwan business news stories brought to you by CommonWealth and AmCham Taiwan’s TOPICS Microsoft begins hiring to boost Taiwan R&D Microsoft announced on February 5 that it would work to make Taiwan a global technology research and development hub. The company said it is confident in the island’s strong integration of…
How have other, less well-reported-on industries coped with the changes brought on by this global pandemic? Insiders say that digital transformation and flexibility are crucial. This year as the economic impact of coronavirus rippled around the world, the hardship of some industries was more conspicuous than at others. Images of ghostly streets in Milan and…
