Companies are eyeing the market for if and when sanctions are relaxed. Taiwanese businesses are among many around the world that watching to see whether the prospective U.S.-North Korean denuclearization deal is successful, and if so whether the North Korean market will be opening up for international trade, an expert on North Korea said at…
Describing social enterprises as an “important part of Taiwan’s soft power,” Audrey Tang, Taiwan’s Digital Minister, hailed their ability to meld the pursuit of social interests and business profits – forces usually thought of as being in conflict – to facilitate the search for common shared values and solutions. She made her remarks as the…
A leading engineering company seeks to reposition itself. If you’ve ever ridden on the Taipei MRT, filled up your car with gasoline, or even turned on the lights in your home or office, then you’ve experienced the work of Taiwan’s largest engineering services company, CTCI Corp. With annual revenues exceeding US$2.4 billion, and over 40…
KKR in Deal to Acquire LCY Chemical An investment group led by the private equity firm KKR & Co. announced a deal to acquire a majority share in Taipei-based LCY Chemical Corp for US$1.56 billion. The investors also include LCY employees and members of the founding family. If approved by regulators in both Taiwan and…
Cacai Cacao, Vicky Lin’s bean-to-bar chocolate company is a home business in every sense. The inspiration for the business came during a 2015 visit to her husband Mark’s family home in the Philippines, a trip that gave her the chance to see several cacao farms that make their own chocolate for turning into finished chocolate…
Justin Dunkle didn’t intend to follow in the footsteps of his father, Joseph Dunkle, a former military police officer from New York who founded Aunt Stella’s Cookies and Cakes in Japan in 1983. The younger Dunkle, raised in Japan and educated in Canada and Japan, instead originally chose a career in investment banking. The fallout…
Not long after coming to Taiwan to study Chinese, Brett Aaron started to dabble in business – opening the market here for Snapple beverages – as a way to help hone his language skills. Now, some three decades later, he is still based in Taipei, and the company he founded in 1994, BABI International Corp.,…
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…
The slow rate of economic growth is considered to be the major factor causing the stagnation in compensation levels. Why does nearly everyone in Taiwan feel they are working hard but still receiving a meager pay packet? “The biggest problem is the low rate of growth,” says Peng Su-ling, director of the Center for Economic…
Most member companies of the Chamber are optimistic about Taiwan’s economy and their own profitability over the next three years, but business leaders have serious concerns about energy, the labor law and the way regulations are made. Those were the major findings of the 2018 Business Climate Survey, conducted for AmCham by PwC Taiwan. The…
